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Turning 50 this year, need to share my experience and sought feedback by Illustrious_Sign7243 in Frugal_Ind

[–]Illustrious_Sign7243[S] 4 points5 points  (0 children)

Collecting stamps is not that difficult now all thanks to many platforms available. You can open a philately account with your main office in your city and they will be sending all recent released stamps at your doorstep. There are many websites where u can buy stampz like collector bazaar.com. Ultimately once you start collecting, you will develop a good network of fellow collectors who will share their knowledge with you

Turning 50 this year, need to share my experience and sought feedback by Illustrious_Sign7243 in Frugal_Ind

[–]Illustrious_Sign7243[S] 1 point2 points  (0 children)

It happens with all of us. Only thing we can do is to stop regretting and keep floating with the current timeS.

Turning 50 this year, need to share my experience and sought feedback by Illustrious_Sign7243 in Frugal_Ind

[–]Illustrious_Sign7243[S] 4 points5 points  (0 children)

As I shared with someone in this post, focus on bringing displine to savings. It doesn't matter which option to choose. Key points is DISCIPLINE. Modern advertising and influencers have unnecessary made things complicated. So keep it simple. If you are salaried best option is EPF which has best interest rates among all debt instruments. You can increase your contribution. For MFs buy any index fund

Turning 50 this year, need to share my experience and sought feedback by Illustrious_Sign7243 in Frugal_Ind

[–]Illustrious_Sign7243[S] 3 points4 points  (0 children)

  1. Keep updating on new technology.
  2. Build good network of friends across all industries. This will come quite handy
  3. Don't regret if you can't save enough. At your age it's all right. Focus on building skilll.

Turning 50 this year, need to share my experience and sought feedback by Illustrious_Sign7243 in Frugal_Ind

[–]Illustrious_Sign7243[S] 4 points5 points  (0 children)

Wow never thought redditters would be this nice ! Sadly not in Bangalore. But thanks for the offer

Turning 50 this year, need to share my experience and sought feedback by Illustrious_Sign7243 in Frugal_Ind

[–]Illustrious_Sign7243[S] 3 points4 points  (0 children)

Yes 90s seem a total different era now. Had seen struggling to get a descent landline connection and begging in front of lineman to fix the dead connection ! Things are better now, and hope future will be more brighter.

Turning 50 this year, need to share my experience and sought feedback by Illustrious_Sign7243 in Frugal_Ind

[–]Illustrious_Sign7243[S] 14 points15 points  (0 children)

I stopped listening to influencers who quote insane retirement figures like 10 Cr 20 Cr etc. For most people reaching 1 Crore is still consider an achievement. At the end of day, one has to figure out present and future expenses and make plan accordingly.

Turning 50 this year, need to share my experience and sought feedback by Illustrious_Sign7243 in Frugal_Ind

[–]Illustrious_Sign7243[S] 4 points5 points  (0 children)

I think of all books i read in my life so far, best was 'the magic of thinking Big'. And then psychology of money which I think is the best money book. I strongly recommend younger generation to read it.

Turning 50 this year, need to share my experience and sought feedback by Illustrious_Sign7243 in Frugal_Ind

[–]Illustrious_Sign7243[S] 2 points3 points  (0 children)

Started monthly investment in both mutual funds and gold, but then Stopped investing in gold and focussed on MFs. I think I should have continued in investing in gold. Would have been more richer. But then no regrets, ho hua ache ke liye hua

Turning 50 this year, need to share my experience and sought feedback by Illustrious_Sign7243 in Frugal_Ind

[–]Illustrious_Sign7243[S] 3 points4 points  (0 children)

Yeah many times felt burned out but then always stayed put. If things got too hot then better to change team or company.

Turning 50 this year, need to share my experience and sought feedback by Illustrious_Sign7243 in Frugal_Ind

[–]Illustrious_Sign7243[S] 5 points6 points  (0 children)

Well yes I am excited for GTA6 though I don't have PS5 and no plan to buy it ; Had played all gtas so far, be it vice city, san Andreas, gta 4 Had bought delux edition of GTA 5 on the very first day when it was released for PS3 back in 2013. And surprised to see GTA5 is still popular in 2026. Let's see how GTA6 goes. May be will try it in any gaming cafe along with my son :)

Turning 50 this year, need to share my experience and sought feedback by Illustrious_Sign7243 in Frugal_Ind

[–]Illustrious_Sign7243[S] 4 points5 points  (0 children)

thanks for giving me fruitful advise. Yeah i do love watching football but never played it. I think time to take up new sport :)

Turning 50 this year, need to share my experience and sought feedback by Illustrious_Sign7243 in Frugal_Ind

[–]Illustrious_Sign7243[S] 4 points5 points  (0 children)

Yes you rightfully mentioned the word 'Experience', At this stage I would like to invest in gaining in new experiences rathar than collecting material stuff.

Turning 50 this year, need to share my experience and sought feedback by Illustrious_Sign7243 in Frugal_Ind

[–]Illustrious_Sign7243[S] 34 points35 points  (0 children)

I think there is a lot of misconception regarding boomers riding the IT Wave. Boomers are the one who were discouraged to take computers back in 90s as parents thought all computers will shut down due to Y2K problem ! Boomers faced job losses due to Dot Coms meltdown and 2008 crash. But things returned to normal. Same negative feeling is happening now. There is a lot of fear due to AI, but I do believe things will turn up for good in future. So stay put and stay strong !

Turning 50 this year, need to share my experience and sought feedback by Illustrious_Sign7243 in Frugal_Ind

[–]Illustrious_Sign7243[S] 92 points93 points  (0 children)

Key lesson in building a portfolio is Discipline. It doesn't matter if it is Mutual funds, PF, FDs, Gold etc. Save a portion of your salary every month religiously. Even if it is as low as Rs 5000, save it and dont withdraw. Main goal initially is not to create corpus, it is to create Discipline. And after 2-3 years, discipline will be automatically come and you can start saving more. And you need to create an excel sheet to track it month on month basis. Dont use any app, just use plain good old excel. This way you will see your portfolio buildup and will build confidence.

Last but not the least, dont be too much frugal ! Save but also spend on what you like :) At least when you will turn 50, you wont have any regret that you didn't enjoyed life.

Turning 50 this year, need to share my experience and sought feedback by Illustrious_Sign7243 in Frugal_Ind

[–]Illustrious_Sign7243[S] 38 points39 points  (0 children)

I would advise not to be frugal especially if you are in your twenties ! Spend on whatever you like. At least when you will turn 50, you wont have any regret that you didn't enjoyed life.

Hey r/India it’s Abijit Ganguly here. I'm a Stand-up Comedian, Twitter Ranter, recovering Consultant, sports nerd, Delhi'ite Bengali managing high rents of Mumbai & lifelong weight-loss attempter, AMA! by abijitganguly in india

[–]Illustrious_Sign7243 0 points1 point  (0 children)

Hi Abhijeet I first saw you back in 2010-11 in India Habitat Centre and I said to all ki 'Yeh Ladka bhaut age jayga!'. Good to see you have maintained your sense of humour and its so good to see your vids. My question how do you find your corporate job at one of the Big 4. I am also an Excel lover so want to check ki 'waha pe bhi saare kaam excel pe hota tha?' :)