u/Ecstatic_Bite_866

32M, Divorced, Financials review

A little about me:

\- Salary - after recent hike 17LPA, monthly around 1.1LPM (post Tax, ESPP and PF deductions)
\- Started earning in 2018 with 1.80LPA
\- Currently in a 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, I contribute to their expenses irregularly, around 5k monthly.
\- Father might retire anytime so I would take their expenses on me for calculations. There are no saving on their part.
\- No other property - 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, thinking to close it by the year end.
\- 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 20 lakhs, started the portfolio post covid and currently shows only 25 percent returns due to the market
\- Mutual funds (Midcap, Smallcap, flexicap, index funds - current worth 20 lakhs
\- US Stocks (ESPP & RSU) - current worth 20 lakhs
\- PF- 11 lakhs

Questions:

\- Need honest review on my financial situation and what can I so better?
\- 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. But then also scared of taking any loans due to layoffs everywhere
\- 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?
\- Not sure if I want to or if I will be able to marry again
\- Any other advices or opinions are also welcome

Thank you for reading and your time :)

32M, Divorced, Financials review

A little about me:

\- Salary - after recent hike 17LPA, monthly around 1.1LPM (post Tax, ESPP and PF deductions)
\- Started earning in 2018 with 1.80LPA
\- Currently in a 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, I contribute to their expenses irregularly, around 5k monthly.
\- Father might retire anytime so I would take their expenses on me for calculations. There are no saving on their part.
\- No other property - 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, thinking to close it by the year end.
\- 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 20 lakhs, started the portfolio post covid and currently shows only 25 percent returns due to the market
\- Mutual funds (Midcap, Smallcap, flexicap, index funds - current worth 20 lakhs
\- US Stocks (ESPP & RSU) - current worth 20 lakhs
\- PF- 11 lakhs

Questions:

\- Need honest review on my financial situation and what can I so better?
\- 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. But then also scared of taking any loans due to layoffs everywhere
\- 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?
\- Not sure if I want to or if I will be able to marry again
\- Any other advices or opinions are also welcome

Thank you for reading and your time :)

A little about me:

- Salary - after recent hike 17LPA, monthly around 1.1LPM (post Tax, ESPP and PF deductions)
- Started earning in 2018 with 1.80LPA
- Currently in a 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, I contribute to their expenses irregularly, around 5k monthly.
- Father might retire anytime so I would take their expenses on me for calculations. There are no saving on their part.
- No other property - 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, thinking to close it by the year end.
- 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 20 lakhs, started the portfolio post covid and currently shows only 25 percent returns due to the market
- Mutual funds (Midcap, Smallcap, flexicap, index funds - current worth 20 lakhs
- US Stocks (ESPP & RSU) - current worth 20 lakhs
- PF- 11 lakhs

Questions:

- Need honest review on my financial situation and what can I so better?
- 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. But then also scared of taking any loans due to layoffs everywhere
- 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?
- Not sure if I want to or if I will be able to marry again
- Any other advices or opinions are also welcome

Thank you for reading and your time :)

ITR season is on.
Let’s share the salaries, age and tax if you can.

I will start - 32M, 15LPA, around 1.5 lakh income tax.

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 :)