is it okay to invest 50% of the income every month?
i am 23, after taxes i get about 230k/m
30k i send home, 75k are my monthly expenses (living in bengaluru) and 100k i invest every month
although it's a remote US job, i want to continue living in BLR
i am just wondering if i should reduce investment and send more money home along with improving the current lifestyle?
long term i want to buy a car next year, a house 3 years later and want to also save for marriage expenses. i hate loans.
what % do you guys invest?
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You don't have to send home anything if your parents are not in need of it or they don't have any loans. Keep saving and investing atleast till your marriage.
i want to uplift their lifestyle too, they sacrificed too much for me :)
If it is possible just send as much as they spend. Not more cause in most cases - parents won't do intelligent investment. You can do more justice with imvesent. But do try to uplift their lifestyle - they won't do on their own.
Also I am assuming you are unmarried - consider next stage also.
Hey bro , which company you are working for
Stealth
Idk why people who post huge salaries in remote US jobs never mention the company name. Are they insecure that anyone will take their job or what? If I reach that level I'd be boasting about it to everyone because I'd know the effort required to get that job
I feel you're doing good. In case you do feel like you're compromising on your lifestyle you may think of changing the budget. The life you have till 30 is something you cannot get back ever but I feel 75k gives a decent lifestyle. Your parents may need a little more but why not set aside a budget of 10k to just spend on them with gifts or travel. It feels to me it'll be better than just sending more money to them
You are going right