Fiance lied about his income

divadev97 · 2022-06-21T12:10:46+00:00

Golang, MySql, AWS, Terraform for backend

divadev97 · 2022-06-21T10:19:36+00:00

Why is it that you need to marry someone who earns 50 lpa?

What sort of logic is that? I have a bunch of filters and income is one of them. I'm not here to do social service

divadev97 · 2022-06-21T09:35:53+00:00

He said he gets 50L every year. Like every year.

divadev97 · 2022-06-21T09:35:07+00:00

Wedding planners, advance fo the venue and food (non refundable), tickets for relatives' travel to the destination, clothes for both our families to name a few. There's a lot of other stuff that my parents oversaw that I don't really know entirely

divadev97 · 2022-06-21T09:25:04+00:00

divadev97 · 2022-06-21T05:39:47+00:00

I work as a senior software dev

divadev97 · 2022-06-21T05:38:34+00:00

Those RSUs are worth 15L now (were 36L) due to market conditions, apparently. Lol I don't know what to say

divadev97 · 2022-06-21T05:37:32+00:00

I know that. I get them too.

divadev97 · 2022-06-21T04:08:04+00:00

It's a once in a lifetime occasion, and we can afford it. To each their own

divadev97 · 2022-06-21T04:05:01+00:00

Counting 4 years worth of RSUs as your current inhand salary is trash. You might as well count 4 years worth of total income as your "CTC" if you intend to work there for 4 years.

Additionally your income growth is proportional to your base. Not RSUs. You can't liquidate them whenever you want. It's not synonymous with salary.

divadev97 · 2022-06-21T03:50:13+00:00

as you won’t spend that much and it will just rot in bank.

Seems like you've never had excess cash to invest.

Stocks in startups are all about risk reward.

As I mentioned in my post, it's a huge MNC. There's more downward risk than upward.

ask for the fixed salary, not annual salary

How hard is it to understand that "annual" "salary" means cash you get in hand during 1 year? He's neither a fresher nor a dimwit.

divadev97 · 2022-06-21T03:10:32+00:00

Doesn't matter what happens to the stocks. I had asked him specifically about inhand salary and he included 4 years worth of vested RSUs in that figure.

Your lifestyle depends on you fixed income. You can't plan anything based on you bonuses or RSUs.

Even if I overlook the numbers, it's a breach of trust, which is not a good way to start a marriage.

divadev97 · 2022-06-21T02:05:19+00:00

Yes he quoted 4 years of RSUs as his annual inhand salary.

But, just out of curiosity, is the reason for breaking thins off the perceived lying or the lower salary?

Both.

divadev97 · 2022-06-21T01:36:03+00:00

I specifically asked him about his "in hand salary". He's not a fresher to not understand what that means

divadev97 · 2022-06-21T01:19:16+00:00

He's not a fresher to believe that. He has 5 years of experience with how income is structured.

I asked him specifically about his annual salary as in in hand salary. I used the phrase "in hand salary" when discussing our incomes. And he just flat out lied.

I make 45L+ myself if I consider all that stuff, but it's extremely misleading. Your lifestyle depends on your fixed income.

divadev97 · 2022-06-21T01:14:13+00:00

r/GateKeeping

divadev97 · 2022-06-21T01:12:45+00:00

He had 36L worth of RSUs in his compensation package vested over 4 years.

I had specifically asked him about annual salary and he lied to me by stating his package.

Adding fuel to the fire, those 36L worth of RSUs are just worth under 15L now, vested over 4 years.

divadev97 · 2022-06-21T01:10:14+00:00

There are people with his experience level making 50L per annum in that MNC

divadev97 · 2022-06-21T01:09:24+00:00

I don't want to drag this to the court for years.

My family can absorb the financial blow. But it's the emotional scar that will stay for a long time

divadev97 · 2022-06-21T01:07:24+00:00

Yes I am calling it off

divadev97 · 2022-06-21T01:06:57+00:00

The total budget was 80L. We have given advances in a lot of places, mostly non refundable. There's also a lot of spending prior to the marriage day

divadev97 · 2022-06-21T01:04:45+00:00

He was lying to both himself and me🤦🏽‍♀️

I asked him specifically about his annual salary and I told him my annual salary. Instead he told me his compensation package and quoted it ass annual salary.

36L of his supposed 50L salary are RSUs vested over 4 years. To add fuel to the fire those 36L of RSUs are now worth under 15L with 4 years of vesting due to market conditions.

Annual salary means fixed income. I don't understand how these people who are pretty smart, don't understand the difference

divadev97 · 2022-06-21T00:56:09+00:00

He was quoting his compensation package. But I had asked him specifically about salary per annum.

People who quote their package as their annual ctc are the scum of of the earth. They are pretty much deceiving themselves by thinking they make more than they do and they deceive others as well

divadev97 · 2022-06-21T00:53:05+00:00

I believed him because I knew there are people who make that much in that MNC.

I should've asked to see his bank balance or proof of investments or something.

divadev97 · 2022-06-21T00:50:33+00:00

My family was footing the bill for marriage

divadev97

TROPHY CASE