Senior Bookkeeper

How does someone get into the startup culture?

A friend of mine is working at a leading financial services company with over 100k employees. He feels like he'd want to be part of something smaller, create more impact and help it grow rather than be just a part of the crowd. Where should he start? How can he find the suitable people and jobs?

How do I pay 2 loans most efficiently?

Hey Grapeviners, I need help from all the experienced folks out there. I and my father have 2 loans: 1. Educational Loan EMI - ₹6500/month for 15 years (₹ 7 lakh loan) 2. Home Loan EMI - ₹22500/month for 9 years (₹ 17.5 lakhs loan) I am 22 and started my full-time career this month and wanted to understand how to repay 2 loans along with my father quickly with less financial burden. (I am the only child) My expenses - 1. Paying Home Loan EMI - ₹ 22500/month 2. Investments - ₹ 30000/month 3. Petrol - ₹ 5000/month 4. Miscellaneous - ₹ 5000/month 5. Left with - ₹ 20500/month (lumpsum) Should I create an emergency fund for myself first with the remaining amount or what else should I do, totally blank in this case? My father looks after the household expenses, education loan, and his own investments. Not sure, how much he is left with at the end of the month as I am not aware of his income. (He has a private job) P.S. - 1. I spend consciously and don't have a bad spending habits. I love to drive (bought a car myself in Dec 2022) and climb mountains, so I manage to do treks every 3 months. 2. I am rigid about my investment amount, so may not compromise on that part. Would be forever grateful, if I get some helpful suggestions.

Pyramid scheme scam

Okay, so this happened to me last year. I was approached by a college alumni (got my number from college alumni group) who told me he had a side business going on which was leading him to earn more money than his corporate job and that he was going to leave the corporate for his “business”. I was initially not interested but he was insistent and also I was looking to explore some options (may be my naïveté) that I asked him more and so he setup a call with his senior to explain more about this “business”. Now this senior gave all sorts of gyaan regarding how to reach financial independence and picking up on the general mindset of how to make more money. They asked to create a list of 10 things that I desired the most at the point of time which could be solved with more money. I complied thinking it was a good exercise (again, I was a big fool). Now I was connected with another senior who gave all sorts of gyaan regarding how I could make more money and lead to financial independence. Please note, during all this time I was constantly asking what the business idea was and how it would be achieved but got no response on the details and only white washing regarding how I should be prepared to do anything to achieve my dreams. Now, it was revealed that I would need to put in 5L as investment to get bigger returns. Since I did not have that money in handy, I was suggested to get a personal loan through their agents. Also not to inform this to parents because they won’t understand this stuff and get “worried”. Luckily I did went with their suggestion and informed my parent about it. Thinking it was a startup idea, I got the investment from my father through an OD in my name. Now we get onto a call two days later, where they reveal the company QNet and makes me purchase 5L of stuff from their website and explained the business model which was to get other people from your knowing to buy products from this company and get commissions on the sale. Continued……