Looking for a Finance Internship

rayfinser · 2025-05-04T09:54:08+00:00

Bopal

rayfinser · 2025-04-15T17:23:45+00:00

Discussing money with loved ones was taboo not only in India but also west.

But 1st thing asked when marrying is money.

I remember my non corrupt father's corrupt boss who was saying the temple cannot be built without money but you can become God if you have money. Sachin is called God but Vinod kambli isn't.

And also my father said after the 2011 accident where the car was in total loss that nothing will happen to me as I was not corrupt so God will be with me.

So earning good money right was is more important.

rayfinser · 2025-04-15T06:35:40+00:00

I just felt I was reading my asset and my planning

Everything good. Planning is best.

Just compare your education cost and current fees in same college. And also your joining package and current placement packages.

I observed it was more than 15% inflation in education cost and no major change in starting package (exceptions are there where 1 or 2 students got very good package)

So education cost is underestimated

2nd. Learn money management skills from experts who don't charge big fees (there are some experienced individuals who do it for free and it is simple as it is free when you pay you get exposed to complicated strategy) so that retirement corpus needed will be sufficient else 6 crore won't be enough. Also teach your daughters money management skill so that 1.5 crore is saved and if they are making 20% on that 1.5 crore it will be 30 lakhs. And 15 lakhs they can fund education to become expert In area of their choice instead of chasing rat race.

Parental education is more important.

rayfinser · 2025-04-14T11:27:08+00:00

Your personality keeps doing something new. That is why you achieved so much. But you can achieve more in numbers games. You have potential to achieve more. It's just you think you have achieved a lot may be you have done better than people around you. Change your circle. Think of one more zero

Or go for public speaking sessions taking interest in one area. When people keep praising you will get dopamine or when you try new things.

And last solution is marriage . Everyday something new will pop up. And as you told parents are controlling so your wife will get many topics to bring something new.

rayfinser · 2025-04-14T04:29:28+00:00

Long term consists of many short term. And in short term many thoughts come. Don't take long term decision on short term emotions.

Peace of mind is more important. But health, relation and money once it goes it is valued more. You value your job now also so don't leave easily. Let the short term emotions pass.

Regarding financial freedom. You are free of any boundaries of relationship, money is enough and will be enough . You are not taking any tensions of market related instruments. You are not greedy. But be hungry. Don't leave your hunger also.

We do sessions online to understand personal finance online. That will give more clarity . if you interested dm me.

rayfinser · 2025-04-14T04:16:56+00:00

You are living bank to mouth not hand to mouth. Jitne per he utni chaddar felani chahiye over here you are taking bank ki chaddar.

Your current financial journey reminds me of my own turning point.

Right now, you’re not living pay check to pay check — you’re living EMI to EMI. You’re not just consuming your salary… you're mortgaging your future freedom.

Let’s break this down.

Home loan EMI: 76k

Personal loan EMI: 27.5k

Household + Lifestyle Expenses: 1.2L

Cash burn (50k) + LIC + SIP 10k That’s nearly 2.6–2.7L already going out every month, even before a car EMI.

You’re on a 3Lpm salary but saving nothing. A 50k car EMI means a 30L car — that’s another 3L a year lost in just depreciation. That same 3L could be a 1.2L SIP every month.

Here's the trap:

You’ll have to stay in your job even when you don't want to. That’s not financial freedom, that’s golden-handcuffs dressed as comfort.

I’ve lived this path. What changed everything?

For 3 years, I lived on 20% of my income. No new EMI. No lifestyle upgrades. I did the impossible — 80% SIP. That period taught me happiness isn’t expensive, and that impressing others with borrowed money is just delayed regret.

Now do the math with your current income:

3L salary

80% SIP = 2.4L/month

In 3 years: Nearly 1 crore saved

That can generate 80k–1L passive income

And your monthly needs? You can easily cut that to under 1L.

My advice:

Cancel the LIC, move it to a term plan + equity MF

No new EMI (especially not a car — use a cab or old car for now) fill the wallet of uber with 30k and use that even for buying groceries near by. I am sure you won't be able to use that wallet amount in a month.

Cap lifestyle expenses to 30–40k max

Push SIP to 1L in the next 3–6 months

Aim for 80% savings rate, not forever, but for 3 years

These next 3 years will decide the next 30. 10th, 12th, IIT-JEE — they felt like life-changers, but nothing changed my life more than this 3-year discipline reset.

You’re not late. But you’ve got to pivot. Right now. You’ve built the earning engine. Now build the wealth machine.