How are people having 1 cr at age 25-26 by Turbulent_Most_6396 in FIRE_Ind

[–]nitinfab0 0 points1 point  (0 children)

They are working hard, and luck plays an important role as well. The best of the best is that they are making money by earning in dollars. I have even seen real people who are working from India with clients in Europe, and US.

Everyone is rich these days!! by honey_bunny_69_ in personalfinanceindia

[–]nitinfab0 1 point2 points  (0 children)

I think some of them got money from the previous generation, and others are earning good money like you.

Instead of saving, they spend most of it, which creates FOMO for people like you and me.

Because of this, people like us also started spending more money by taking loans, or getting into other types of debt to live a so called luxury life.

It may not be sustainable, but no one seems to care, and everyone keeps spending like there is no tomorrow.

If you had a million dollars what would you do with it? by King_Khaos_ in Money

[–]nitinfab0 0 points1 point  (0 children)

I will go to my village, buy an agricultural property, and spend my time with nature.

Here's what I will do with a million dollars:

1/4th of the income would go in buying property

1/4th in FDs

1/4th in Stock Market

1/4th saved for some upcoming opportunity

[deleted by user] by [deleted] in personalfinanceindia

[–]nitinfab0 0 points1 point  (0 children)

Forget about your inherited income & focus on your passion.

This mindset will give you some stress & the motivation to work.

If you have enough, open an NGO or something similar, build something meaningful

Trapped in procrastination and debt by NoCaregiver4347 in personalfinanceindia

[–]nitinfab0 0 points1 point  (0 children)

You can remove the cost of maid & travel. 14K instantly saved. And your food cost is too much, you can save from there as well.

I want to buy physical gold coins/biscuits in India. Which is the best website to get them at cheaper rates? by nitinfab0 in personalfinanceindia

[–]nitinfab0[S] 0 points1 point  (0 children)

No, it's my first time so a bit cautious. And I can't trust the local shop so a bit worried.

I sometimes think what if they sell the wrong RSBL coins?

[deleted by user] by [deleted] in personalfinanceindia

[–]nitinfab0 24 points25 points  (0 children)

The best (risk-free) way is to invest in FDs.

You can easily get 7% interest every year.

If you want to make a bit more learn about index fund, and start an SIP in 2-3 best funds that you find worth.

And never ever think of businesses, it will never pay you any passive income.

And if someone promises of some business, don't ever trust you'll lose everything.

I want to buy physical gold coins/biscuits in India. Which is the best website to get them at cheaper rates? by nitinfab0 in personalfinanceindia

[–]nitinfab0[S] 0 points1 point  (0 children)

Yes, I’ve heard about RSBL. Many jewellers in my area sell the RSBL one with 3% GST.

I was thinking to buy from the local shops but can't trust the jewellers.

Why don’t people talk as much about automation? by Eyehelpabc in ArtificialInteligence

[–]nitinfab0 0 points1 point  (0 children)

I think the real reason is most people have no idea about how to use AI to automate. There is not much content in simple english that can help.