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Consider yourself lucky to be under 40 in India. You can easily make ₹10Cr in 20yrs with the right saving and investing mindset.
Save 50% of income with 70% equity allocation. Let the Indian bull do its work while you relax.
Sourav
25.3K posts
Sourav
@Dutta_Souravd
100% Equities guy / FIREd in 10 yrs / Talks about investing and finance
No SEBI registered
Joined March 2023
- Ashwini Vaishnav goes around the world showing the magic of UPI. His own department, India post doesn't accept UPI payment. 🤣
- Petrol pump economics. Investment: 50L Profit on 1 liter petrol: 3 rupees Profit on 1 liter diesel: 2.5 rupees Sale per day: 5.6 thousand liters Daily income: 20K Monthly income:- 6L Monthly Electricity + other expenses: 2L Full year income: 40L+ Crazy ROI.
- Mumbai Average salary: ₹7LPA Average home price: ₹1.5Cr Multiplier: 20X Amsterdam Average salary: €55K Average home price: €500K Multiplier: 9X Overpriced real estate in India due to corrupt municipalities and builders.
- Layoff plans TCS - 12,000 employees Microsoft - 9,000 employees IBM - 8,000 employees Oracle - 10% India employees Dark days for IT guys with ₹1.5Cr homes on EMI.
- Guy on Reddit discovered JSW shares bought by his dad in the 1990s for ₹1L. Worth ₹80Cr today. Power of buy right sell after 30yrs.
- I hear so many people earning 50LPA in Bangalore IT sector. Either they're stating inflated CTC or 50LPA is the new 25LPA. Can some techies confirm?
- Earn 30LPA. Give 8LPA as tax. 5LPA for kid's school. 2LPA as car EMI, 7LPA as homeloan EMI. 3LPA for vacations. Live on 5LPA. Savings 0. Vicious cycle of middle class.
- Indian 23 year olds are working for Infosys 70 hr work week for 3.5LPA. European 23 year olds are working 38 hr work week for 4 months and chilling in Bali for 8 months while govt pays them unemployment money. 🤣 Power of ancestral money and being born in the right place.
- My MBA fees in 2012 was 10L. It is 35L now. Whoever thinks inflation is 6% should look at education and medical costs.
- How I categorise wealth in India: Poor : 10L Lower Middle Class : 50L Middle Class : 1 Cr Upper Middle Class : 2 Cr Rich : 5 Cr HNI : 10 Cr UHNI : 50 Cr Don't Care Wealth : 200 Cr Generational Wealth : 1000 Cr Which category are you?
- Zudio at every corner. Betting App ads in IPL. Millions of E-Rickshaws. 10k applications for a single job. More bike taxis than factory workers. What does this tell about our economy?
- 10 Cr = no need to work again in India. 30 Cr = no need to work again anywhere in the world.
