PrancingPotato

Which stage of wealth do you believe you’re currently at?

I am at 2 🥲

For those who have achieved financial independence or freedom, what was the most significant habit or decision that helped you get there?

5mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

ZestyNarwhal

Razorpay5mo

2->3 is a huge jump.

PrancingPotato

Stealth5mo

I know….2-3 years is doable by 5 and 10 that’s something a big shot

JumpyHamster

Career Break4mo

On the contrary, it's 3 to 4 which is typically harder to do because your earning potentially increases along the way, and hence your asset needs to increase in both value and dividend/rental which is harder imho

SparklyBiscuit

Stealth5mo

Kanjoosi

PrancingPotato

Stealth5mo

Ha ha….Kanjoosi se kis stage tak you have reached?

SparklyBiscuit

Stealth5mo

SqueakyQuokka

Microsoft5mo

I don't think debt freedom is a good measure of stability. I have a home loan but consider myself secure.

FluffyKoala

Edgeverve5mo

Consider a pandemic worse than Corona for the next 5 years.

SqueakyQuokka

Microsoft5mo

I think discretionary debt would be the ideal way to state it. This is not my first property, and I can sell it to pay off my debt.

SparklyMochi

Infosys5mo

0 at 30+ age ,wtf I'm doing

FloatingSushi

Bristol-Myers Squibb5mo

Leave Infosys. Switch.

PrancingPotato

Stealth5mo

Everyone has their own journey

PerkyDumpling

Stealth5mo

PrancingPotato

Stealth5mo

Kudos man

PerkyDumpling

Angel One5mo

how much yoe you have

ZippyMochi

Stealth5mo

Financial discipline in purchase, saving and investing helps the most. Impulsive purchases may feel good in short term but long term can affect your finances a lot.

That's why goal setting is important. Otherwise you're just winging it and can get lost without purpose.

That's why so many high income folks feel blank about their wealth and future goals. They never thought about what to do with their money and resources.

PrancingPotato

Stealth5mo

So aptly put. I can say been there and done that. Now I am super disciplined in my expenses

WobblyPancake

Meta5mo

Shouldn't 4 and 5 be swapped?

ZestyPickle

HSBC5mo

Thank god someone noticed.

FuzzyMochi

Google5mo

PrancingPotato

Stealth5mo

Maharaj ki jai

PeppyPretzel

Accenture5mo

Achieving 4 and above is quiet difficult, the usual income generating assets are property from which one can earn rental income. But purchasing property requires a very large investment. Property prices are very expensive.

PrancingPotato

Stealth5mo

True…hence called wealth

PrancingBurrito

Infosys5mo

It could be large fixed deposit or a systematic withdrawal plan mutual fund also.

ZoomyMuffin

Stealth5mo

Admire the clarity in this framework! No absolute nos and relevant irrespective of the times

PrancingPotato

Stealth5mo

True…solely dependent on ones lifestyle and aspirations.

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Curated from across

Salary Discussion5mo

by GroovyDumplingProgram Manager

Which stage of wealth you are at ?

Misc16mo

by WigglyPenguinSenior Software Engineer

Do you know what you are earning for ?

What are you earning for ? Is it concrete or something vague that one day you will need this amount or something? Is it more than you or your family needs?

Or are you just a sheep like me ?