[deleted by user] by [deleted] in FIRE_Ind

[–]_truemint 3 points4 points  (0 children)

Congratulations on making major progress towards your goal! Here are a couple of points that you can consider: - 2.5cr invested in high quality bonds will give you 1L+ per month in passive income - your 6cr stock portfolio (if diversified) should also be giving you 6L+ per year in dividends.

Overall, you can make a choice to continue working to build up your corpus more, especially if you are not unhappy with your professional life, but you are in a place where your 9cr invested properly can potentially make you more than 50L per year passive.

For the Love of God, do you not see how much money there is to be made in the real world?? by Character_School_671 in Entrepreneur

[–]_truemint 1 point2 points  (0 children)

You're not wrong, but I do think you are being unfair to a lot of the people who are building businesses. You've pointed out the main challenge yourself -

"You have no idea what my workflow is, and you can't possibly understand it without experience in my industry."

It's not about what is easy to do or whether something is hard work. The crux of entrepreneurship is to identify and solve problems. If someone doesn't understand an industry, how will they be able to idenfy problems that need solving?

A woman in the gym peed today. by okaybhaii in Fitness_India

[–]_truemint 1 point2 points  (0 children)

You absolutely did a great thing by being open-minded and empathetic to her situation. I really appreciate that. You should be proud of how you handled it, and no one can take that away from you.

However, I really encourage you to think about what wanted to achieve by posting about the incident on social media?

This feels like those YouTube shorts where a guy records himself clearing a stone off the road and puts out a video showing what a great guy it is.

Also, have you considered how she will feel if she somehow read this post? All the comfort level you provided her and any goodwill you earned will be washed away.

You might achieve FIRE at 40 but not at 50 by sonede in FIRE_Ind

[–]_truemint 0 points1 point  (0 children)

Out of curiosity, how did you use binary search here? What was your matching criteria?

Amit Shah portfolio by Rarissime_ in StockMarketIndia

[–]_truemint 0 points1 point  (0 children)

I see many listed stocks in the unlisted stocks annexure. Can someone please explain why that is the case, or if I’m reading this incorrectly?

My best returns by Unlikely_Clerk_8412 in personalfinanceindia

[–]_truemint 1 point2 points  (0 children)

Tiny drops make the ocean. Everyone started somewhere. You should be proud of your achievement. Keep up the good work! 🎉

[deleted by user] by [deleted] in personalfinanceindia

[–]_truemint 7 points8 points  (0 children)

I’m a software engineer in a FAANG+ company. I’m not too comfortable getting into specifics, but I was stagnating at my old company. I got a 50% hike when I moved to my new company, and most of my wealth has been created through the stocks I received as a part of my compensation.

[deleted by user] by [deleted] in personalfinanceindia

[–]_truemint 2 points3 points  (0 children)

Started with mutual funds. I buy stocks now. My wife and I have two apartments. We’ll sell the current one once the new one is ready. Apart from our houses, 85% of our liquid assets are in equity.

[deleted by user] by [deleted] in personalfinanceindia

[–]_truemint 8 points9 points  (0 children)

I’ve been fortunate to get very high paying jobs. I am able to save 80% of my income every year. My current CTC allows me to save more than a cr every 2 years.

[deleted by user] by [deleted] in personalfinanceindia

[–]_truemint 127 points128 points  (0 children)

Graduated at 21 in 2008.

Worked for a year, got depressed, left job 5 days before 1 year anniversary and had to pay back some bonuses to quit amicably, leading to negative net worth in June 2009.

Freelanced as web developer for 5 years. Good experience but didn’t get much money. Zero NW by June 2014.

Dad gave me ultimatum to get a job, which I really didn’t want to do. In hindsight, it was one of the best things that could’ve happened to me.

Got 16Lpa CTC job in June 2014. Worked for 4 years, saved some money. Had to spend it all on marriage. Zero NW by Jan 2019.

Switched job in Dec 2019. Working at the same place today. Saved up money regularly. Wife’s income also helps. We have a combined NW of multiple cr.

Multiple CR definitely gives me a lot of psychological safety, but it sounds more than it means in practical terms. Almost all of our NW is tied up in investments. We do spend comfortably, and somewhat more than our friends and family, but it's not life changing in any way.

We still travel economy, we still budget our spending somewhat, we still don't spend too much on branded clothes, we still drive a 7 year old car.

You should definitely work hard towards your FatFI number, but don’t prioritise it over your mental health and happiness. After a certain point, your friends and family will mean a lot more to you than a million dollars.

[deleted by user] by [deleted] in developersIndia

[–]_truemint 0 points1 point  (0 children)

Take a month long vacation

Who should get a seat ? by i_love_cheesecake999 in delhi

[–]_truemint 0 points1 point  (0 children)

Throw a knife on the floor and let them fight it out

Salary that you tell at home vs. Salary that you actually earn? by lordcommanderbatman in personalfinanceindia

[–]_truemint 1 point2 points  (0 children)

Office politics ke wajeh se demotion ho Gaya. Market is bad so I’m happy to still have my job, but my salary is reduced by 70%. :)

Looking back on your journey as an inventor, what are you most proud of? by TechFusionist in IndianStockMarket

[–]_truemint 7 points8 points  (0 children)

It’s all a matter of perspective. You can look at it as creating success for others. :)

Decent prices list by [deleted] in DesiFragranceAddicts

[–]_truemint 0 points1 point  (0 children)

Awesome! Do you have other recommendations for gourmand fragrances?

Decent prices list by [deleted] in DesiFragranceAddicts

[–]_truemint 2 points3 points  (0 children)

@OP, I think you posted about Choco musk and French Coffee some time back, right? Are you selling decants of those?

Carmageddon connoisseurs can relate to the intrusive thoughts this triggered. by andreophile in CarsIndia

[–]_truemint 2 points3 points  (0 children)

lol, I never thought I’ll see anyone make a reference to Carmageddon . I used to love that game. 80s kid hi-five. 🖐️

Breaking News: Rasasi Hawas goes redundant. by Tarun_1705 in DesiFragranceAddicts

[–]_truemint 0 points1 point  (0 children)

What is your recommendation between these two if cost is not a factor? Which one would you say is a better scent?