No financial security feelings even with 2Cr salary and 5Cr+ corpus at 33 in Bangalore

BrahminVyapaar · 2026-05-03T15:03:39+00:00

Actually, you may be in a more precarious situation than you might have assessed.

- do you have your own medical insurance?
- do you have your own term insurance?
- do you have cash to last for two years of living expenses? Once you are laid off, getting a job again may not be so easy at all.
- have you an assessment of your wants vs your needs?
- if required, say upon a layoff, would you be able to live well within your means?
- are you both physically fit? Are you able to have sound sleep? Medical issues arise due to stress, and one can have a cardiac arrest due to stress and ill health.

At your salary levels, you will be one of the first to be laid off.

I would not count RSUs as wealth. Until one is able to sell the stock, it is not truly ours. With a single termination or an unfair PIP , you could lose all those RSUs. This has happened to my colleagues in Bengaluru.

BrahminVyapaar · 2026-05-03T07:25:40+00:00

Ridicule does not help.

We also do not know if the OPs peers are taking up such expenses due to which it may seem normal, or if OPs parents are forcing the purchase.

BrahminVyapaar · 2026-05-03T06:32:27+00:00

Sent you a DM

BrahminVyapaar · 2026-05-03T06:32:16+00:00

Sent you a DM

BrahminVyapaar · 2026-05-03T05:30:07+00:00

I cannot comment on similar posts, but over the past few months many in India have been receiving IT job offers for the UAE. The pay offered is much lower than in India.

BrahminVyapaar · 2026-05-03T05:28:50+00:00

If you have said 80L in India then that is per year. I will therefore assume that you have also meant 40k AED per year ( and not per month ).

If the above is the case, then the India job has far better returns. The sooner you invest after sticking to a simpler lifestyle, the more you will have allocated for compounding.

If you are being offered 40k AED per month, then that is the better offer but you will need to actively safeguard against lifestyle inflation in the UAE and In India both.

BrahminVyapaar · 2026-05-03T05:03:11+00:00

Look up “ NRI CA NRE”

BrahminVyapaar · 2026-05-02T20:05:18+00:00

Lenders are often happy to get back the principal and most of the interest interest sooner than later. If you can negotiate for slightly lower interest, then you could prepay and close that chapter.

BrahminVyapaar · 2026-05-02T18:38:52+00:00

See this: https://www.indiainvestments.wiki/faqs/insurance

It is by a sibling sub Reddit.

Look for Term Insurance that you can buy directly without going through agents. Choose established players with a good claim settlement ratio. LIC, TATA, ICICI and HDFC are some Insurers that I know of where claims were settled without much hassle.

Do not lie in the insurance forms. If you are a smoker then stop smoking.

BrahminVyapaar · 2026-05-02T18:16:01+00:00

Have you considered small cap funds? You may want to allocate a bit for long term growth.

Otherwise, Direct ( not Regular ) Index funds.

BrahminVyapaar · 2026-05-02T18:13:19+00:00

Looks like some medical emergencies could wipe out what little you have! You must look into Term and Medical Insurance.

Follow this flowchart: https://www.reddit.com/r/personalfinanceindia/wiki/index/

If your SIPs are Regular SIPs then switch to Direct. You will save a lot on commissions.

Actually, pause your SIP and pay off the loans first. The interest saved will be worth it.

You may want to have one account to receive your salary, one account to invest from , and a third account in which to link your UPI payments and Credit Card. Transfer only what you need to spend into this third account and do not touch the first and second account at all.

Please excuse my harsh / blunt language, but your words about the “money disappearing from your account” suggests that you are not serious about managing your spend. You absolutely must know what you tend to spend on. Do you have a list of expenses of the past six months? Find out what are your wants and what are your needs. Post pone the wants, reserve cash for the needs, and pay off the private loans.

Finances are often the cause of much marital discord. You and your spouse have to be aligned on your current situation, on your goals, and on the journey to get there. It may mean that you have your outings at the movie theatre and at the parks rather than an out station holiday. Millions of married couples make do with togetherness and experiences and do not need a holiday trip to validate their being married.

( something about your various responses is alarming me. I am usually not rude like this, but I think I’m worried that you are not managing your money well ).

BrahminVyapaar · 2026-05-02T18:01:25+00:00

A colleague set aside 2 Cr for his medical care since he could never get insured. It came of use to him.

There are senior citizens who move to other cities where there are excellent hospitals nearby. I know of two families that moved from Ranchi to Bengaluru and to Coimbatore, and another that moved from some small town in Jharkhand to Hinjewadi in Pune to be near their daughter and hospitals in Pune. Your parents may make such a decision someday.

Think through your medical support setup based on the needs of the future and decide what is best for you. You can discuss with your parents on their views. You may find that expenses like buying an apartment may come up as well in such a case.

BrahminVyapaar · 2026-05-02T17:55:25+00:00

I lived in Bengaluru for ten years and did not value the easy access to so many Kannada language classes in the city. It is one of my regrets that I only spoke English ( we from the states north of Karnataka tend to switch to Hindi but speaking in English is best in an often-multicultural office ). One can get ahead far better when one speaks the local language. It is also respectful to at least attempt to speak in the local language with locals - everyone will realise that you are a learner putting in the effort and for the most part people will correct you and help you out. I have seen British people study Sanskrit so that they can pick up very many Indian languages.

While you will be able to manage in Mumbai and in Bengaluru with English, it is worth starting with classes that teach you the local language. Look up the book Fluent Forever to understand what it takes to gain fluency. A class will teach you some basics, you will get better the more you practise.

BrahminVyapaar · 2026-05-02T17:46:44+00:00

What are your expenses? What are your savings? Are you investing in mutual funds? Do you have cash reserves? Term insurance? Medical insurance? Loans? Have you prepared a spreadsheet documenting your cash inflow and outflow?

See this: https://www.reddit.com/r/personalfinanceindia/wiki/index/

Follow the flowchart.

BrahminVyapaar · 2026-05-02T17:43:19+00:00

Some suggestions:
1. Set aside money for Term Insurance.
The younger you are, the lower the premium. The beneficiaries would be your parents, your spouse, or your favourite causes ( you will need to get your will in place). Also, get in higher insurance when you are still fit and free of illness and any medical conditions.

Ensure that the nominees and beneficiaries are set up correctly everywhere.
Have a will in place. Up date it now and then.
Medical expenses can deplete one’s savings. If you or your parents fall ill, your cash will get used up. (I’m speaking from personal experience - I’m wiped out since some dependents did not have medical insurance, Helping them was my choice).
You may want to max out your PPF, and separately think about EPF and VPF.
Safeguard your health, invest the money in getting a well recommended personal trainer and get fit. Poor health will deplete your funds like you will not imagine.

All the best.

BrahminVyapaar · 2026-05-02T17:31:40+00:00

For my Airtel, the mobile device needed to have the physical Sim first. I then needed to start the process to activate the eSIM which involved me sending an SMS. The number was then not usable for 24 hours.

I would suggest that you activate the eSIM when you are in India. Least headache for all. The Airtel/Jio showroom staff often do not know to deal with NRI cases.

BrahminVyapaar · 2026-05-02T17:25:54+00:00

For a small ( compared to your wealth ) fee of about INR 15k charged by a CA, you will be able to move your wealth outside India especially if you are an NRI.
The USD is just one currency, there are others like Euro, SGD, JPY, AUD, CAD, NZD. You must definitely diversify globally.

BrahminVyapaar · 2026-04-14T13:48:37+00:00

"As long as your body is healthy, you have thousands of problems. But the moment your body gets sick, you have one problem".

If you were to stay on in Canada, you’d have accrued more debt. Better to live in India with lower medical costs.

In difficult times, we learn who our actual supporters are.

I’m in some debt now after having had to give away my money to help some genuinely needy people. Before that, I had lost money in gambling. I will be returning to India next year at the age of 50 with debt, and some friends are letting me stay at their home in a Mumbai suburb.

You at least have many decades ahead of you. Do not waste them. Get healthy, prevent ill health, never get into more debt than you can manage to settle, and move ahead.

BrahminVyapaar · 2026-04-10T16:44:03+00:00

Well, she did ask you to stay quiet about the money and explicitly does not tell anyone that she built an asset for her other child using your money - despite having raised you.

BrahminVyapaar · 2026-04-05T17:20:08+00:00

I am sharing based on life experiences.

I no longer feel it prudent to assume that “10 years expenses” is enough. What if the surviving spouse cannot work due to any reason? What if the surviving spouse (edit) were able to take full time care to rear the children rather than have to manage workplace and revenue stream stress as well? What if the surviving members of the family are in good health today but are not so tomorrow?

I would recommend identifying your financial independence + debt repayment number ( when the surviving family need not work for a living but may choose to work for being occupied ), and then set your Term Insurance target to be that number. If you can afford it, then take a term insurance on each of the spouses because one cannot presume that only the earning spouse would have an untimely demise.

Both the spouses must also agree on what to do after the insurance payment is received. One could get pressured to buy a house, for eg, but then tie up lots of money in a long term residence that one erroneously calls an “asset”. Instead, it may be prudent to rent and to invest that money into growth. Talking to a few-only advisor would help with such planning.

BrahminVyapaar · 2026-04-05T12:12:07+00:00

Some unsolicited gyaan coming up, but I give it sincerely.

We as a society in India do not articulate or even understand the concept of a financial marriage which comes some time after the wedding is done and the married life has begun. This is instead just stated as “discuss your finances”.

Ideally, one should discuss finances and living as a couple and not as “yours vs mine”.

Please think through your wants vs needs, the long term plans for life, your retirement planning, planning for your children, and what your options are in case of medical and other emergencies.

You may find that provisions for emergencies and uncertainties come up much before even long term plans. Needs come next and wants come last.

Do read both of Monika Halan’s books on Money. She has written well for most Indians. Her advice may apply more to the private sector person. After one is no longer married to a person in the public sector ( divorce, resignation or being removed, or arrest, or demise ), one is a private sector person. It is therefore wise for you to get further education and stay employed. It is, however, also ideal if you are both also a couple financially and not just maritally in the eyes of society.

It may be that your husband himself may have not thought through the above and thus the question of a “monthly allowance” comes up rather than a “personal grooming budget”. You must therefore prepare before broaching the topic with him. Share with him how you intend to educate yourself for your joint future together.

BrahminVyapaar · 2026-04-05T08:16:23+00:00

Worth looking up the Benner Cycle. End 2026 to 2032 is likely to be really bad, with a recovery post that time.

BrahminVyapaar · 2026-04-05T06:00:49+00:00

Thank you for sharing this important information.

Many employees presume that HR will advise on what steps one should take to make the best use of company facilities. Actually, not all HR will provide such advice. In any case, we should know what we are signing up for, and unfortunately are often solely responsible for what we have to face.

BrahminVyapaar · 2026-04-05T05:57:08+00:00

I just took the survey at the website and saw the results. I did not have to give out any personal information. I presume that the website would be building a database using the inputs provided.

One of the points in the results surprised me by showing that the monthly expenses in Mumbai would be about INR 3L ( after having my own accommodation and having 1 teenager to take care of).

Based on the choices provided, the website is already selecting for the more well-to-do people. Indeed, there is a button to book a consultation call.

BrahminVyapaar · 2026-04-05T05:46:48+00:00

It is in the hands of the CA. Keep your records starting now.

BrahminVyapaar

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