SqueakyKoala

JP Morgan

How am I doing financially and what can I improve?

City - Bangalore, both Software Engineers

My salary - 48LPA Wife’s salary - 30LPA

In hand salary both - 4L per month Yearly bonus - 8L

Monthly expense - 1L Rent - 35k Car EMI - 16k Other expense - 50k

Investments - Monthly SIP - 1L Stocks - 50k

Remaining 1.5L saved in account for big investments and emergency

Current assets and portfolio - MF and stock - 20L PF - 15L Land value - 1.3Cr Flat - 1.6Cr

Term insurance - 3 Cr Health insurance - 10L

10mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

SnoozyNarwhal

PhonePe10mo

This is utopia. You have achieved the peak mode. Enjoy life, go on international trips every quarter. Play a lot of sports. Take care of your health. Keep winning. You are the reason why the next gen will take up IT jobs. Kudos amigo 👏

JumpyKoala

Persistent Systems10mo

Compared to how much you earn , amount invested in mf and stocks is too less I would say.

SqueakyKoala

JP Morgan10mo

It was more but I liquidated for some of the real estate investment

SleepyBanana

PhonePe10mo

You have 3 cr in real estate, crazy good

SwirlyMuffin

Morgan Stanley10mo

Quora ki yaad agayi bhai

SqueakyKoala

JP Morgan10mo

😂

QuirkyHamster

Stealth10mo

same this platform will go to shit in few years

SillyPenguin

Salesforce10mo

I am not eligible to comment as I am not worth even 50% of you. (Currently)

PeppyNugget

Stealth10mo

Me reading with 25k stipend 🥲🥲🙂

SqueakyKoala

JP Morgan10mo

Your age?

PeppyNugget

Stealth10mo

20 🙂

PrancingPancake

Juniper Networks10mo

Do u regret not going to usa Do u think u could have saved more/less there. I'm 24 and am contemplating Ms on loan

SqueakyKoala

JP Morgan10mo

Hey, I have stamped H1B with me still valid for 1 more year. I am not interested in going to US. To point saving in US is a myth you can earn less and have far better lifestyle and access in India than in US. If you both are earning in India it’s never a good option to travel at all

SqueakyKoala

JP Morgan10mo

MS on loan is not a something I would prefer just to get into US. It will take few years to close all your loans and come back to positive side financially. US was craze 10 years back, I know many of my friends who are willing to come back to India because of the lifestyle

SillyBanana

Stealth10mo

Which car do you own?

SqueakyKoala

JP Morgan10mo

I have a Creta

FluffyPanda

Accenture10mo

I can't help you with investment plans as of now, but you can consider spending for some luxury!

SqueakyKoala

JP Morgan10mo

Age 31, No kids

FloatingMuffin

Google10mo

Comparison is thief of joy

SparklyNugget

Infosys10mo

prepayment / pre closure of car loan would help.

SqueakyKoala

JP Morgan10mo

Not much I believe.. paying 7.5 interest on active loan and just 3L remaining, I can earn more interest by investing

Discover more

Curated from across

Personal Finance5mo

by FloatingJellybeanSoftware Engineer

How am I doing financially?

IT professional, 35M. 240K take home per month.

20K rent. 50K monthly household expenses 65K EMI towards plot. 5 more years of EMI pending 20K SIP across 4 different MFs. Invested 2 lacs only till now as I started SIP from Jan 2024 onl...

Bangalore19mo

by SnoozyCupcakeSwiggy

How much do you save per month?

What is the biggest expense, how much do you save and how much do you invest

Top comments

Wtf everyone here 2l+ pm 🥵🔥

Save around 90% of my salary. Biggest expense is rent (25k).

Income - 50k expenses - 15-20k saving - 30-35k

Personal Finance11mo

by FuzzyCoconutSoftware Developer

Post tax 7 lac a month. Double income no kids, but not sure what do with all the money.

Me and my wife are 30 years old software engineer with no kids. Draw 7 lac a month please some yearly bonus. We invest 2 lac a month combined into equity market through mutual funds.

Expenses: 1.5 lac a month including everything, li...