u/Cheemx

Hi all, I’m 22M will be 23 in a month,

1. Currently I’m doing an Software Development internship which pays around 15k monthly, there’s a high chance that they convert me to full time if that happens, will be earning 40k something monthly (first salary credit of FTE will be in August)
2. I have one LIC my father took that policy so I’m not quite informed about all of it.
   Don’t know too many things about insurance
   Emergency fund: Have 70k INR in my account remaining throughout my engineering that my father gave me to use for all engineering expenses
3. Don’t have any loans but it’s highly possible that my parents ask me to buy a home in 2-3 years in Pune(don’t know what tier pune falls in)
   Also I’m not very fond of bikes and cars but I don’t have any of them not even one car in family though one scooty at home town might consider buying bike and car in future as essentials (just a dream)
   I don’t think my parents will ever be financially dependent on me and I’m not yet married so no one financially dependent on me but maybe in 4-5 years if I marry then I believe burden will grow along with income too but that’s the thought for future.
   My parents own a good big 2 bhk house in hometown and don’t how much is that area but on basis of what I know I’m sharing my parents would probably never be dependent on me but any health emergency might take that away
   My parents are 52 and 49 right now.
4. Currently I’m living paycheque to paycheque maybe spending 2-3 more than what I’m earning tho no unnecessary spending just basic amenities
   I live with friends in a shared flat rn rent bills and mess charges round up to 14-15k and sometimes go to watch movies, and hometown visits too so it all rounds up to 17-18k.
   I need to learn about investments and becoming financially independent and retire early if possible maybe before my 40s I don’t know if it’s achievable or not but that’s what I need guidance for.
   I believe I’ve followed all guidelines for this post so I’m genuinely looking for guidance to achieve my goal anything and everything is appreciated
   Thanks in advance 🫡