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, lives in Bangalore in good society, owns a car, don't thing much before spending.
Still after everything left with 3 lakhs every month in bank account. Not sure how to use that. We both don't have any fancy "shauk" where we can spend and hence don't have an urge to earn more.
Any suggestions???
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Hey - we are also similar to you. Would strongly suggest finding something you’re passionate about.
For us (primarily me) - got a dog, took a 6 month sabbatical, travelled to 30+ countries in this time, left job to pursue startup idea, spend time with parents, learn language, improve fitness, learnt some coding, etc
It’s a pretty good position to be in - just explore I’d say
Bro
My suggestion is
Buy some big land in outskirts and save some in your Account.
Once you fell not interested to work
Then Start a Home for both Old Age and Orphans combining together.
So that Old age people can enjoy with Orphan Kids.
and
Orphan Kids can get their Parents and grand parents.
Both will help each other.
If you are ready to start this, MSG me, I am the first person to come and do Service there.
P.S I know this doesn't sound good. When I was 22 years old I started with 5 lpa package and always seen my parents struggling for basic things like education fees since we were 3 kids, vehicle loans , house EMIs. Always thought of making a lot of money. But now when I am here I don't feel making extra effort for money. I have lost that motivation.
Money is not enough
Are u in TCS
Donate to charity some amount ????
Yes. Good suggestion. Where to find the genuine ones. I get alot of fake calls for charity.
You can donate in kinds and goods, like stationary to needy students, donate medicines to old age homes. Grocery to orphanage
You will have to encounter some bad apples before finding good apples
I'm running a YouTube channel with over 600K subs since last 7 Years. I'm doing everything individually till this date. I thought to create a team and expand my content creation journey, but could not do that because of low funds, I earn 10K per month because I am barely able to upload just one Video in a month. Less Video= less Revenue.
If I get some funding from you, I would be able to keep a Video Editor and Script Writer to increase no. Of videos In a month and hence the revenue from the Channel. If you DONATE me even 2 Lakhs, I promise I'll get my channel on track and after some months will repay you the 2 lakh to you. No profits to you but yeah you'll be helping an educational channel which indirectly educates millions of Indians. I'll be checking back and forth if you reply me on this comment. This is my email in case you want to help me escapedegree@gmail.com
PS: I joined a pvt. Job 3 days back after giving up on my content creation journey. If you help me, you'll be more than an Angel to me.
Probably you can share the channel link here as well
You should offer a profit share in your channel in exchange of like just like equity in a company
Have a kid. Your expenses will shoot up/ income may go down/ free time will go down / may get a purpose and things to look forward to with your kid. It’s your biological clock telling you to get kids 😛
You don't have fancy 'shauk' but still spend 1.5 lakh per month as a couple.
Can you share the rough breakup of expenses?
