33, IIT Kharagpur alum | Goal 20+ crore at 2028 End, 1.6+ crore own money, no debt, India & World Technical & Fundamental Cash & Futures - Long & Short Trading.
Booked 25 lakh Rs Loss. Happened 2nd time in 3 months. Not acceptable !! Paid price for not listening to markets, Twitter friends and not keeping stop loss.
SDE2 in Amazon India at 60 lakh(42 lakh Rs in hand, 24 lakh Rs annual savings ) while in USA its 280K$(200K$ in hand, 1 crore Rs annual savings). So person in India has to work 4 times more to save same money.
Top Government employees earn Crores of Rs per year, but never talk about leaving job and financial independance. Top businessman earn Crores, but never talk about closing business and financial indendance. Only private sector employees talk about financial independance.
@_M0neyMatters
1 trip in year is necessity, 1.5 lakh min expense even for Indian trip, 1 car for family of 4 in metro is necessity, 10 lakh Rs is min cost of car india. Dog expense is just 6K Rs per year.
Median salary after passout from Top IIMs : 33 lakh Rs
In hand salary after tax: 25 lakh Rs
IIM Fees: 34 lakh Rs
Loan EMIs: 6 lakh for 7 years including education loan tax benefit
Yearly couple expense: 19 lakh Rs
Savings: 0 Rs for initial few years.
IIT Fees are 12 lakh for 4 years, BITS fees are 24 lakh Rs for 4 years, private colleges are near about same. Is it worth going for any other branch than Computer Science ?
Minimum Cost of living for family of 4 in India per month increases 10 times in every 20 years:
1940 = 10 Rs
1960 = 100 Rs
1980 = 1,000 Rs
2000 = 10,000 Rs
2020 = 1 lakh Rs
2040 = 10 lakh Rs
2060 = 1 crore Rs
Like April & May 2023 were life changing months for me because of Future Buying, Feb & March 2024 are life changing months because of Option Selling. I have proved myself in all market conditions. Sky is limit now !!
Ended FY24 at 1.17 crore capital. Aiming for 3 crore before tax at end of FY25. Here is simplified tentative plan to achieve it. (This may change according to market conditions and my expertise)
Middle class family of 4 Expense in Metro city in India is 20 lakh per year for comfortable life. No luxury expense added. Updated Details are as follows:
30's are most stressful period of life:
1. Parents getting older
2. Relationship stress since new relationship and not 100% commitment
3. Child caring
4. Career pressure
5. Investment pressure
6. Body requires physical and mental exercise
8. Most friends are busy in own lives.
Middle class man has been made weak by being emotional:
1. He gets emotional when rejected in interview/ girl/ customer.
2. He gets emotional when scolded by boss.
3. He gets emotional when exam marks are less.
4. He gets emotional when makes losses in business/ stocks.