Just came across this community, trying to see if I can find someone here.
A few more details about me:
- Hindu
- 5’9”
- Fair
- Slim
- Working in Hyderabad
- Living on rent
I don’t know what else to share on public forum, feel free to DM for more details.
A little about me:
- Salary - 1LPM (post ESPP and PF deductions)
- Non-technical role but in a big company, limited growth, tough competition for promotions
- Frugal lifestyle
- Dependent parents in hometown staying in a 25 year old flat, which I bought on loan as a poor decision 5 years back and it’s still worth the same around 20 lakhs.
- Father earns a modest amount 12k per month and it’s mostly used in my parents expenses for now, but he might retire anytime so I would take their expenses on me for calculations.
- No other property - my major worry
- Started from scratch, no family assets or properties
- No emergency fund or insurance yet apart from my health insurance from the office, invested most of the idle money in the equity during the current market fall
Monthly commitments:
- EMI for the above home loan 20k, 2 years left
- I stay alone in Tier 1 city - 18k rent
- Approximate expenditure of both the household - 25k
- Mutual fund SIPs 35k (recently increased from 15k)
- 10k ESPP (outside of in hand salary)
- Random Indian stocks purchase
Current assets worth:
- Indian Stocks - current worth 22 lakhs, started the portfolio post covid and currently shows only 30 percent returns
- Mutual funds (Midcap, Smallcap, flexicap, index funds - current worth 15 lakhs
- US Stocks (ESPP & RSU) - current worth 15 lakhs
- PF- 10 lakhs
Questions:
- Need honest review on my financial situation and what can I so better? If I marry again, expenses could increase.
- Is the salary enough, low or average? I understand it’s never enough but I just want to know if I just keep going with this salary with 5-7% annual hike, is it enough for life?
- What should I do about property? It’s a big decision which I am not able to take. Whether I should I buy a plot or a flat or just stay on rent. But then I am scared how the rents could be inflated in future. If I should get into it, how much should I first have for downpayment, I believe the downpayment will mostly be possible after selling all my stocks and mutual funds.
- Considering my current financial condition, when do you think I can retire comfortably. I haven’t thought of a figure but seems like I should aim for 10 crores considering the inflation in future. Is this enough and attainable?
Thank you for reading :)
A little about me:
- Salary - 1LPM (post ESPP and PF deductions)
- Non-technical role but in a big company, limited growth, tough competition for promotions
- Frugal lifestyle
- Dependent parents in hometown staying in a 25 year old flat, which I bought on loan as a poor decision 5 years back and it’s still worth the same around 20 lakhs.
- Father earns a modest amount 12k per month and it’s mostly used in my parents expenses for now, but he might retire anytime so I would take their expenses on me for calculations.
- No other property - my major worry
- Started from scratch, no family assets or properties
- No emergency fund or insurance yet apart from my health insurance from the office, invested most of the idle money in the equity during the current market fall
Monthly commitments:
- EMI for the above home loan 20k, 2 years left
- I stay alone in Tier 1 city - 18k rent
- Approximate expenditure of both the household - 25k
- Mutual fund SIPs 35k (recently increased from 15k)
- 10k ESPP (outside of in hand salary)
- Random Indian stocks purchase
Current assets worth:
- Indian Stocks - current worth 22 lakhs, started the portfolio post covid and currently shows only 30 percent returns
- Mutual funds (Midcap, Smallcap, flexicap, index funds - current worth 15 lakhs
- US Stocks (ESPP & RSU) - current worth 15 lakhs
- PF- 10 lakhs
Questions:
- Need honest review on my financial situation and what can I so better? If I marry again, expenses could increase.
- Is the salary enough, low or average? I understand it’s never enough but I just want to know if I just keep going with this salary with 5-7% annual hike, is it enough for life?
- What should I do about property? It’s a big decision which I am not able to take. Whether I should I buy a plot or a flat or just stay on rent. But then I am scared how the rents could be inflated in future. If I should get into it, how much should I first have for downpayment, I believe the downpayment will mostly be possible after selling all my stocks and mutual funds.
- Considering my current financial condition, when do you think I can retire comfortably. I haven’t thought of a figure but seems like I should aim for 10 crores considering the inflation in future. Is this enough and attainable?
Thank you for reading :)
A little about me:
- Salary - 1LPM (post ESPP and PF deductions)
- Non-technical role but in a big company, limited growth, tough competition for promotions
- Frugal lifestyle
- Dependent parents in hometown staying in a 25 year old flat, which I bought on loan as a poor decision 5 years back and it’s still worth the same around 20 lakhs.
- Father earns a modest amount 12k per month and it’s mostly used in my parents expenses for now, but he might retire anytime so I would take their expenses on me for calculations.
- No other property - my major worry
- Started from scratch, no family assets or properties
- No emergency fund or insurance yet apart from my health insurance from the office, invested most of the idle money in the equity during the current market fall
Monthly commitments:
- EMI for the above home loan 20k, 2 years left
- I stay alone in Tier 1 city - 18k rent
- Approximate expenditure of both the household - 25k
- Mutual fund SIPs 35k (recently increased from 15k)
- 10k ESPP (outside of in hand salary)
- Random Indian stocks purchase
Current assets worth:
- Indian Stocks - current worth 22 lakhs, started the portfolio post covid and currently shows only 30 percent returns
- Mutual funds (Midcap, Smallcap, flexicap, index funds - current worth 15 lakhs
- US Stocks (ESPP & RSU) - current worth 15 lakhs
- PF- 10 lakhs
Questions:
- Need honest review on my financial situation and what can I so better? If I marry again, expenses could increase.
- Is the salary enough, low or average? I understand it’s never enough but I just want to know if I just keep going with this salary with 5-7% annual hike, is it enough for life?
- What should I do about property? It’s a big decision which I am not able to take. Whether I should I buy a plot or a flat or just stay on rent. But then I am scared how the rents could be inflated in future. If I should get into it, how much should I first have for downpayment, I believe the downpayment will mostly be possible after selling all my stocks and mutual funds.
- Considering my current financial condition, when do you think I can retire comfortably. I haven’t thought of a figure but seems like I should aim for 10 crores considering the inflation in future. Is this enough and attainable?
Thank you for reading :)
A little about me:
- Salary - 1LPM (post ESPP and PF deductions)
- Non-technical role but in a big company, limited growth, tough competition for promotions
- Frugal lifestyle
- Dependent parents in hometown staying in a 25 year old flat, which I bought on loan as a poor decision 5 years back and it’s still worth the same around 20 lakhs.
- Father earns a modest amount 12k per month and it’s mostly used in my parents expenses for now, but he might retire anytime so I would take their expenses on me for calculations.
- No other property - my major worry
- Started from scratch, no family assets or properties
- No emergency fund or insurance yet apart from my health insurance from the office, invested most of the idle money in the equity during the current market fall
Monthly commitments:
- EMI for the above home loan 20k, 2 years left
- I stay alone in Tier 1 city - 18k rent
- Approximate expenditure of both the household - 25k
- Mutual fund SIPs 35k (recently increased from 15k)
- 10k ESPP (outside of in hand salary)
- Random Indian stocks purchase
Current assets worth:
- Indian Stocks - current worth 22 lakhs, started the portfolio post covid and currently shows only 30 percent returns
- Mutual funds (Midcap, Smallcap, flexicap, index funds - current worth 15 lakhs
- US Stocks (ESPP & RSU) - current worth 15 lakhs
- PF- 10 lakhs
Questions:
- Need honest review on my financial situation and what can I so better? If I marry again, expenses could increase.
- Is the salary enough, low or average? I understand it’s never enough but I just want to know if I just keep going with this salary with 5-7% annual hike, is it enough for life?
- What should I do about property? It’s a big decision which I am not able to take. Whether I should I buy a plot or a flat or just stay on rent. But then I am scared how the rents could be inflated in future. If I should get into it, how much should I first have for downpayment, I believe the downpayment will mostly be possible after selling all my stocks and mutual funds.
- Considering my current financial condition, when do you think I can retire comfortably. I haven’t thought of a figure but seems like I should aim for 10 crores considering the inflation in future. Is this enough and attainable?
Thank you for reading :)
A little about me:
- Salary - 1LPM (post ESPP and PF deductions)
- Non-technical role but in a big company, limited growth, tough competition for promotions
- Frugal lifestyle
- Dependent parents in hometown staying in a 25 year old flat, which I bought on loan as a poor decision 5 years back and it’s still worth the same around 20 lakhs.
- Father earns a modest amount 12k per month and it’s mostly used in my parents expenses for now, but he might retire anytime so I would take their expenses on me for calculations.
- No other property - my major worry
- Started from scratch, no family assets or properties
- No emergency fund or insurance yet apart from my health insurance from the office, invested most of the idle money in the equity during the current market fall
Monthly commitments:
- EMI for the above home loan 20k, 2 years left
- I stay alone in Tier 1 city - 18k rent
- Approximate expenditure of both the household - 25k
- Mutual fund SIPs 35k (recently increased from 15k)
- 10k ESPP (outside of in hand salary)
- Random Indian stocks purchase
Current assets worth:
- Indian Stocks - current worth 22 lakhs, started the portfolio post covid and currently shows only 30 percent returns
- Mutual funds (Midcap, Smallcap, flexicap, index funds - current worth 15 lakhs
- US Stocks (ESPP & RSU) - current worth 15 lakhs
- PF- 10 lakhs
Questions:
- Need honest review on my financial situation and what can I so better? If I marry again, expenses could increase.
- Is the salary enough, low or average? I understand it’s never enough but I just want to know if I just keep going with this salary with 5-7% annual hike, is it enough for life?
- What should I do about property? It’s a big decision which I am not able to take. Whether I should I buy a plot or a flat or just stay on rent. But then I am scared how the rents could be inflated in future. If I should get into it, how much should I first have for downpayment, I believe the downpayment will mostly be possible after selling all my stocks and mutual funds.
- Considering my current financial condition, when do you think I can retire comfortably. I haven’t thought of a figure but seems like I should aim for 10 crores considering the inflation in future. Is this enough and attainable?
Thank you for reading :)
A little about me:
- Salary - 1LPM (post ESPP and PF deductions)
- Non-technical role but in a big company, limited growth, tough competition for promotions
- Frugal lifestyle
- Dependent parents in hometown staying in a 25 year old flat, which I bought on loan as a poor decision 5 years back and it’s still worth the same around 20 lakhs.
- Father earns a modest amount 12k per month and it’s mostly used in my parents expenses for now, but he might retire anytime so I would take their expenses on me for calculations.
- No other property - my major worry
- Started from scratch, no family assets or properties
- No emergency fund or insurance yet apart from my health insurance from the office, invested most of the idle money in the equity during the current market fall
Monthly commitments:
- EMI for the above home loan 20k, 2 years left
- I stay alone in Tier 1 city - 18k rent
- Approximate expenditure of both the household - 25k
- Mutual fund SIPs 35k (recently increased from 15k)
- 10k ESPP (outside of in hand salary)
- Random Indian stocks purchase
Current assets worth:
- Indian Stocks - current worth 22 lakhs, started the portfolio post covid and currently shows only 30 percent returns
- Mutual funds (Midcap, Smallcap, flexicap, index funds - current worth 15 lakhs
- US Stocks (ESPP & RSU) - current worth 15 lakhs
- PF- 10 lakhs
Questions:
- Need honest review on my financial situation and what can I so better? If I marry again, expenses could increase.
- Is the salary enough, low or average? I understand it’s never enough but I just want to know if I just keep going with this salary with 5-7% annual hike, is it enough for life?
- What should I do about property? It’s a big decision which I am not able to take. Whether I should I buy a plot or a flat or just stay on rent. But then I am scared how the rents could be inflated in future. If I should get into it, how much should I first have for downpayment, I believe the downpayment will mostly be possible after selling all my stocks and mutual funds.
- Considering my current financial condition, when do you think I can retire comfortably. I haven’t thought of a figure but seems like I should aim for 10 crores considering the inflation in future. Is this enough and attainable?
Thank you for reading :)