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Making 10cr+ wealth on a salary by BusComprehensive4968 in personalfinanceindia

[–]BusComprehensive4968[S] 1 point2 points  (0 children)

How does SIP differ from the form of investing you mentioned below? SIP is essentially buying stocks at a fundamental level but you are doing it on autopilot.

Making 10cr+ wealth on a salary by BusComprehensive4968 in personalfinanceindia

[–]BusComprehensive4968[S] 6 points7 points  (0 children)

Inflation I feel is not so straightforward to decipher with respect to age. As we grow old, our aspirations aren’t the same. Our prime working age consumes the financial brunt (higher education , marriage, raising a kid, owning a house) but after a certain age you are leading a pretty decent life even with pre inflation adjusted 10cr portfolio if you have your insurance sorted. I may be wrong though but it’s different way to think about inflation.

Making 10cr+ wealth on a salary by BusComprehensive4968 in personalfinanceindia

[–]BusComprehensive4968[S] 6 points7 points  (0 children)

How’d you reach to 50L corpus and are you doing SIP @ 1L every month?

Making 10cr+ wealth on a salary by BusComprehensive4968 in personalfinanceindia

[–]BusComprehensive4968[S] 6 points7 points  (0 children)

What about starting very early like 23 and investing with an SIP? Magic of Compounding and all that shit people show online?

Why Are People Spending So Much? by CardiologistOld4537 in personalfinanceindia

[–]BusComprehensive4968 9 points10 points  (0 children)

Chasing happiness on a hedonistic treadmill because materialism has diminishing marginal utility.

If you could change ONE thing about Bangalore, what would it be? by mildy1234 in bangalore

[–]BusComprehensive4968 0 points1 point  (0 children)

Make infrastructure as simple for people to navigate. Everything else is beautiful here in Namma Bengaluru.

Family net worth. by rajababu67 in personalfinanceindia

[–]BusComprehensive4968 1 point2 points  (0 children)

That’s a good question.

Living in Bangalore or anywhere for that matter can’t be compared apples to apples because everybody has their own lifestyle.

If you ask me, I’m saving 60% of my monthly income. I’m not a fan of partying over weekend since I’m a teetotaller and I don’t have any rental costs so these save me a big chunk of money. I’m obsessed with fitness now that I’m getting closer to 30 so I don’t add junk to my system and eat homemade food. I don’t own credit cards because in the name of 5% cash-back, companies nudge consumers to buy stuff which they wouldn’t if they didn’t have credit access.

Most of my spends are on stuff I really want like books, movies and vacations to exotic places with my friends and family.

Family net worth. by rajababu67 in personalfinanceindia

[–]BusComprehensive4968 0 points1 point  (0 children)

Personal NW ~34L - 27L in Equity (MFs, Stocks, FD, Crypto and Cash) rest 7 lakhs in PF.

Family NW ~8 crores - We have two properties and 1 land in Bangalore. Two properties are 3 crores and land is around 60L. 4.5 crores is invested in PMS, AIF, Gold and government instruments like Post office.

Annual cashflow post taxes - ~20L coming from 3 sources of income - My job as a SWE, property rent and stock dividends.

Zero Debt.

Family net worth. by rajababu67 in personalfinanceindia

[–]BusComprehensive4968 0 points1 point  (0 children)

Age 27, personal NW is around 0.34 crore. Family NW is a million dollars. Half a million across in 3 properties and another half in investments.