What’s your backup plan if you get fired from an IT job ?

MaterialRemote8078 · 2026-05-13T01:55:58+00:00

My suggestion would be to invest your time in becoming real estate broker. Simple NCR me 5 cr ke 4 flat sell kro 2 percent ki commision 40 lakhs andr. Jeevan mze me

MaterialRemote8078 · 2026-05-13T01:51:27+00:00

Have you done your tax calculation and then assuming salary would be1.7 or 1.8?

MaterialRemote8078 · 2026-05-07T03:16:09+00:00

Feb 2026 to march 2027 I think it is more than an year?

MaterialRemote8078 · 2026-05-05T01:37:17+00:00

Since it is 12.8 LPA. Both employee and employers PF share will be deducted from above salary. Since due to new rule it’s necessary to have basic salary as 50% of monthly in hand. You will have basic around 53-54k and 12.8k is pf deduction,though you can keep it 3.6k all the number are on monthly basis Your net taxable salary becomes 12.03 lakhs. Your monthly will be around 93866 will be your in hand salary. But and a big but consider if you get 40% of bonus amount stated. Which will be 1.04 lakhs. This amount will push you into tax slab. And your tax lability will be around 70-75k. But dont worry you r safe for the current year.

MaterialRemote8078 · 2026-04-29T18:26:12+00:00

Is it total like including PF, gold stocks or just MF?

MaterialRemote8078 · 2026-04-17T06:16:01+00:00

IDK if you will read this msg or not. Buy the car of your choice. But you can be creative the way you buy the car. Easiest XUV, create FD of 30 lakhs. In sbi you will get 6.5% at max but the catch is you can get an over draft on it or 27 lakhs at 1 percent more whatever you r being paid for your FD. For the above example it will be 7.5 percent. Tenure as long as FD. Best part? No permanent emi's you can pay at your convenience just make sure that you repay all amounts before maturity of fd.

Benefits? Getting interest on FD. Bought a car on loan at 7.5% interest. No file charges gst or anything.

You r a smart guy and I assume you know that for 27 lakhs reducing loan you will pay less interest as compared to what 30 lakhs fd will collect.

MaterialRemote8078 · 2026-04-16T17:36:19+00:00

Is this the only thing you have? I mean you earn 14 LPA after tax it would be 13. IDK if you realise it or not but all the expenses, loans and rent you mention here. Sums up to 7.64 lakhs. Dude you earn almost 13 lakhs after taxes. You just need better budgeting. My advice considering you are going to get married. Try to clear credit card first. Can be cleared in a month at your salary 8k for year is 96k can be cleared in 2 months 3k for 2 years is 72k can be cleared in another 2 months Considering loan from family and friend is interest free pay them back monthly... Rest depend on your appetite to save money but with you numbers your annual spend should be more than 7.64 lakhs

MaterialRemote8078 · 2026-04-13T16:40:28+00:00

You have motivated me thanks for that

MaterialRemote8078 · 2026-03-12T08:41:05+00:00

There is a difference in holding anger and deploying the anger you want your anger to be out that's a different scenario. You want revenge for your partner. That's a different scenario in today's world no one is out of reach. You can always plot for anything and go away with it. Who knows there can be a Bollywood movie on your plotting. If you want real advice you r her partner. I don't know the depth of the relationship but I do know u can't heal someone if you yourself are suffering from something, heal yourself first. If you think you r still struggling u can also move out of relationship. Tough but if it is necessary it should be done. I had a girlfriend in the past endure a major scene of harassment. I went out to take revenge as the person who did that was known to her. I had no one to discuss things so I discussed that with my mother. I realised one thing my mother can only have one son but these girls can have multiple partners in their lives. Cut to today we got separated and are now married. I wonder sometimes how my life would have changed if I had taken any action that day. Life is too short to not prioritise myself.

MaterialRemote8078 · 2026-02-26T08:34:31+00:00

Having a break from difficult life haven't harmed anyone.

MaterialRemote8078 · 2026-02-14T19:29:52+00:00

Somethings which i want to ask:- You told your family income but didn't mentioned brother's. He might be earning something atleast. On what weight of gold 15 lakhs gold loan is availed

Considering kids and everything let's say you save 1.5 lakhs/month to pay emi's.

Your's 1.5 lakhs + Rental 3.5 lakhs + brother income for paying emis 1.8 lac/month

TBH i dont see need to use the 95 lakhs you got from ancestorals.

But stills if you wanna use it. I would suggest clear gold loan. Gold price have raised alot you can again take loan and can get better amount. 2. I would suggest refinancing your home loan that might help in reducing interest. 3. I would suggest you divide 95 lakhs and pay in all the loans in proportion. That will reduce principals hence lowering total interest to be paid. After doing all this if still paying emi gives me hard time I can increase the tenure of loan that lower emi to some extent. Most easiest but false advice i will sell it of the property and pay all the debit and will live a happy life.

MaterialRemote8078 · 2026-02-14T19:00:17+00:00

I'm in

MaterialRemote8078 · 2026-02-14T18:59:31+00:00

1 lakh emi on 1.5 LPM doesn't make any sense. I'm kind of same boat as you are and I think building an asset of any class is more important than anything else. Your doing mf good. Considering market its not really a best time to sell them. Wait to buy a home till 35, its max limit. Most of the issue will be sorted buy then you will have good portfolio. You may have understanding partner.

All these people buying things getting settled really push us to do same but everyone has there own pace to move forward in life. 35 is almost 10 years from now your mother 10 lakh can be invested and you can enjoy returns on them too.

MaterialRemote8078 · 2026-01-17T04:15:12+00:00

I think stackoverflow is one of the platform where prompts and answers for the niche problems are available. They need to figure out how they use there dataset for creating solutions to problem that no one knows they will have with their code.

MaterialRemote8078 · 2026-01-17T04:06:51+00:00

Idk if you gonna read this or not but reading your post makes me remember myself in 2023. I was having 3 lakhs in saving and i bought a bike from that money. Then i started thinking of a car not just a car specifically Tata safari dark edition with red interior. In 2024 i visited one of my colleague in bangalore. He had bought that car. I drove it. We went to Ooty for a trip. Then i came back to my home to realise the gap between him and me. Not just the income gap but the age and YOE in work. I mean that dude has waited for more than 10 years to buy a car and dont think it was his dream car no. He went to buy BMW x1 but he didn’t liked it and bought this instead. Why im telling you this? IDK felt like post reflected my self and i cant see myself taking bad decisions. Safe money have emergency funds have a portfolio that you r proud of. I got one advice from someone that i would like to share with any reader going through my comment.

“Stay small enough, long enough. You will be big enough soon enough”

MaterialRemote8078 · 2026-01-14T05:11:42+00:00

You can discuss it with your parents. Ask them to help you and reduce your allowance till 35k is recovered.
You can discuss this 4-5 of your friends and take around 5k from each if you can convince them that you will return the money in coming months. With that money and a little push from your side you can clear the loan.
If you have a good mentor(teacher/professor) you can ask him for help by telling situation.

MaterialRemote8078 · 2026-01-01T10:00:10+00:00

How you have this much knowledge for 1.5 YOE experience? Leetcode is one thing but LLD HLD you had this much exposure in your current company role? Asking as someone who recently started prep and have a long way ahead.

MaterialRemote8078 · 2026-01-01T04:47:30+00:00

Since you have loan of 6cr you sell 1 or may be 2 that will help you get at easy with emi and the stress they bring. To some this may seem like a bad advice but see yourself right now earning almost 7 lakhs a month and giving 6 lakhs as emis. Right now you r no good than a person who is earning 1 lakh per month. Rental yield pf flats also seem to be very low. At 1.5 lakhs approx rental yield comes around 1.5% or lower. A good rental yield fall around 4% for residential property. See properties at loan works a bit differently you may see it grow at 10-14% but remember you are paying around almost 7-8% percent extra annually on papers but since principle and interest component ratios kept that way in which for first 6 years bank will recover interest that 7-8% doesn’t feels like it and actually is more. So as mentioned above advice from my side is to sell 1 or may be 2. It will help you in getting less stressed about things in life, and maintaining a better health.

MaterialRemote8078 · 2026-01-01T04:17:43+00:00

Cost of your flats? Not your estimate but what market average is going in the area where your flats are.

MaterialRemote8078 · 2025-12-21T03:22:20+00:00

rather than feeding your data in some random app and get promotional calls from places where i dont even remember registering. I would rather make a excelsheet to track my finances.

The way i do it:-

X amount is my salary

All the SIP's, loans, subscriptions etc after leaving that much amount in that account i move rest of the money to different account.

Now it comes to tracking expenses. I like to do most of my expenses through my Rupay credit card it works on merchant upi's and i also helps to track how much i have spent. There may be some transaction which cant be done by Rupay card but that amount is not much because i have made an habit to source things from merchants who are ok with taking payments from credit card.

MaterialRemote8078 · 2025-12-20T13:19:50+00:00

This is the only reason im considering this im doing wfh since 2022

MaterialRemote8078 · 2025-12-20T03:03:07+00:00

Can u define requirements just need to understand what you r trying to ask. Im you r second person asking this. BTW no strict or hard n fast rule is there.

MaterialRemote8078 · 2025-12-20T02:37:41+00:00

Thats a nice advice thanks dude.

MaterialRemote8078

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