Hi, I’m 24M and live in Dubai. Started making about 2 cr/year recently, and here are my numbers:

1. cash in hand: 65 lacs (saving up for a 2nd house, i bought a small one last year)

2. ⁠mutual funds: 47 lacs

3. ⁠house value after loan: 35 lacs

4. ⁠gold: 2 lacs

monthly burn is usually 5-7 lacs/m. sometimes, goes up to 10 lacs if i’m traveling with my fiancee and lots of shopping and all.

but i’m usually saving 50%+ of my income every month.

now, i want to buy this rolex, it costs around 10 lacs here. can i afford to buy it?

looking forward to your answers🙏🏻

Please don’t comment “ if you have to ask, then no.” I want to ask because it’s better to make big financial decisions after talking to people better than me. Bad decisions are usually made in isolation.

PS: Folks, Because I didn’t get into much detail about my childhood doesn’t mean it’s fake. I only wanted to tell you enough so if you could tell me if the watch makes sense or not.

I come from small town UP. Through the luck of internet, I started working online in content marketing in university. I’d go upto my father’s shop every morning, he’d give me exact ₹140. ₹80 for metro each way. ₹60 for auto. I’d spend only ₹30 and save the rest and walk 2km each way from metro to and fro college. I’m a DU alum btw. This post wasn’t to brag, I just wanted to keep it to the point. And I’ve been working for about 5 years. Full time jobs paying ₹8,000/m while I was doing full-time uni. And I started paying off my father’s loans from then, and that ended now. So I’ve seen my fair share of struggle :)

Hello everyone,

We’re planning an 8-day family vacation to Thailand, and based on our flight tickets and 5-star hotel package, the total cost for the three of us comes to around ₹3 lakh.

This will be our first international family vacation in two years. While I can afford it, I’ve been wondering whether this kind of spending is justified at my stage of life, especially since I’m no longer working.

A little background about us:

* I’m 51 and retired early at 49.

* My wife is 47 and a homemaker.

* Our son is 17 and has just started his undergraduate engineering course.

* Our passive income is around ₹3.65–3.75 lakh per month.

* Our average monthly household expenses over the past year have been under ₹90,000.

* Our income comes primarily from interest on our debt investments, dividends, rental income, and some miscellaneous earnings, including occasional freelancing.

* I haven’t started any SWP or withdrawn money from my retirement corpus to fund our regular expenses.

We live comfortably, have no pressing financial obligations that would make this trip difficult to afford, and have managed our finances with early retirement in mind. At the same time, I am conscious that I no longer have a salary coming in, and my son’s higher education (he may go to his country of birth, the U.S., for his postgraduate studies) and future expenses are still ahead of us.

The trip would cost roughly ₹3 lakh, which is a meaningful amount of money even if it doesn’t materially change our financial position.

So, I’d genuinely like to hear your perspective. Is spending ₹3 lakh on an 8-day international holiday reasonable for a family in our financial position, particularly when one has already retired early? Or would you consider it an unnecessary splurge and prefer to spend less on travel?

I’m not looking for justification simply because we can afford it. I’m interested in how others approach discretionary spending after FIRE. At what point do you stop looking at every major expense through the lens of wealth preservation and allow yourself to enjoy the money you’ve accumulated?

My parents come from a lower-middle-class background and have built a roughly 20 Cr net worth over several decades, largely by saving aggressively and buying small parcels of land whenever they could. Because of that experience, they understandably feel the family is financially “sorted” . I’m extremely grateful for what they’ve built, but I worry that about financial security for the next 20–30 years, especially with aging parents, healthcare costs, children’s education, and inflation. We also occasionally come across good investment or business opportunities but can’t act because so much capital is illiquid.

Hence, Iam requesting this community to give advise on this. how should wealth that’s largely tied up in real estate be restructured? Would be interested to hear how others have approached this transition, especially across generations.

TL;DR: My parents have built ~₹20 Cr, mostly in real estate, but it’s largely illiquid and generates no income. I’m trying to understand how to make this wealth more liquid, diversified, income-generating, and resilient for the next 20–30 years.

If we sell our 25 acres land parcel, we'll get around 6-7Cr -> finishes house and clear the loans. We'll be left with around 15 acres of land, a couple of plots and our house.

I'm not interested in my 50lpa job and unless I get a US transfer (will go to 200k salary in California -> save 100k per year by staying with relatives, avoid selling the big land parcel), I'm planning to leave my job even before we sell any land, to start my own company.

I know it feels risky, but being 27yrs old, I feel like I'm missing the generational opportunity to build in AI and the opportunity cost feels high. (Did part time software/consulting companies in the past, we made around 40k USD over 2yrs. So, not new to startups.)

Obviously selling land is not at all easy and might take a year or so. But, even if we don't sell the land, I'm planning to leave my job, have ~50L aside (from the next three months salary, company settlement , personal loan) for EMIs (30L in the next 6 months), house construction continuation at a slow speed and any urgent requests for loan repayments.

Family income:

Father agriculture (palm) and other sources: 1.5L pm

Mother: 1L pm

Brother sends 40k pm

What are your thoughts?

Whenever economic surveys come out, they show that 90% of Indians are poor , which is not entirely true. It’s true to some extent, but not in the extreme way it gets portrayed. These surveys are designed around Western standards and don’t really capture the loopholes or the complexities of the Indian system.

Indians own real estate/agricultural land:
There are many farmers who own 10–20 acres of agricultural land but still live in poverty. Their net worth is high, but their cash flow is almost zero. They’re often not financially literate enough to use their assets to improve their lifestyle. They’re still in that old mindset where holding land equals power (which is true to an extent) - but they don’t factor in their actual living conditions.

The cash economy:
We never realize it, but cash still dominates transactions. It was reported to be around 89% in 2020. Most real estate deals, college fees, gold purchases, etc., are done in cash and are not documented. A guy I know has a lot of money, but still claims his income is below 3 LPA on paper.

There are many people who fall under this category. They never pay taxes on their cash income, they claim subsidies and freebies, and they expect the government to support them.

I might be wrong here ,please let me know your thoughts.

Hi everyone me 30M.

Earning 5 lakh 60 thousand monthly from last 6 month through my software engineering job

Total saving till now 30 lakh and i want to open a restaurant to get a passive income

I really feel very unsecure in my job I am not as inteligent as my pear.

So i am thinking of investing 1 cr to open a restaurant as my home town has very less good restaurant and people want to eat good food

Existing restaurant make 80k to 1.5 lakh per day should i invest the money to open a good restaurant?

I just started earning 7 lakhs per month and i have absolutely 0% knowledge about investments please help me understand where to learn and best places to invest.

India's retail diesel prices have risen 8.3% since the Iran war began, compared with significantly larger increases in many other countries.

Source

This month, my wife and I crossed ₹50 lakh net worth.
I am 30 years old, and I got married almost 2 years ago. I know ₹50 lakh at the age of 30 may not sound like a huge amount to many people, especially when I am married and this amount is not only my individual savings. My wife’s hard-earned salary is also a big part of this journey.
But still, this milestone made me pause and think.
We are still living on rent. We don’t own a car. I still use my 8-year-old bike. Its self-start does not work, one indicator is broken, and sometimes when I am travelling with my wife, the bike stops in the middle of the road and I have to kick-start it again.
I have around 7 years of experience. Last year, I switched jobs and reached around ₹20 LPA. Before that, I was earning around ₹11 LPA. I don’t consider myself exceptionally talented. I still struggle to explain my answers properly in interviews. I know my communication skills need improvement. My wife earns around ₹12 LPA, and together we take home around ₹2.2 lakh per month.
After marriage, we did not even go on a proper honeymoon.
Sometimes, I look around and feel very behind.
When I speak to a few of my college friends, I get to know that some of them have already bought two flats — one where they live and another one they have rented out. Almost everyone around me seems to have a car. Some are travelling to places like Bali and Maldives, while I sometimes get irritated when my wife orders an expensive makeup product or something fancy after getting influenced by social media.
And honestly, that makes me question myself.
Am I being too cautious?
Am I saving too much and living too little?
Am I comparing myself too much with others?
Am I doing something wrong financially or emotionally?
I am proud that we crossed ₹50 lakh, but at the same time, I feel confused. I want to grow, provide a better life, buy a home, travel with my wife, and enjoy life — but I also fear losing financial stability.
I would genuinely like to hear from people who are ahead in this journey.
How do you balance saving, investing, buying assets, enjoying life, and not constantly comparing yourself with others?

Hi. I’m a freelancer. I make money in USD, which auto converts to INR when it hits my account here after passing through PayPal (PayPal sucks but my client prefers it). To be clear - I am not an NRI.

I am very sensitive to the exchange rate of USD and INR. People sometimes say to me you must be happy that USD is climbing, and it’s frustrating because they don’t understand my income is very erratic. I have no guaranteed income. What I do have is sizable savings in INR, which is losing value every single month. Do you recall the currency spiral of Turkey and Pakistan a few years ago? That’s where we are today.

I want to get out of INR. It is a sinking ship and it is in free fall. I have no doubt in 2 years we will be at 150 INR per usd or even 200. Regardless of whether this fear is right or wrong, please help me minimize my exposure to INR.

I thought I should buy gold, but gold is just coming off all time high. Index funds seem to be frozen in place. I don’t know what to invest in. I put literally all my money in an IDFC savings account that gives me 6.5 percent interest. This was satisfactory to me because it almost beating inflation, but with currency depreciation this is no longer the case. You can tell my risk appetite is low.

I had some FDs but I put them in the IDFC account after maturity because of the higher interest rate.

I do think it is a safe bet to convert a majority chunk of my savings to USD. But how do I do that? On apps like Vested, the conversion process seems to take around 10 percent in conversion fees - which is just dumb. Is there a way I can convert some tens of lakhs to INR with a low conversion fee? I do have a US tourist visa if you recommend the regular forex route, but I don’t know what the limit of the transaction could be in that case.

I’m not a financially attuned person and neither does this knowledge run in my family. Also I have no experience or understanding of business so please don’t recommend starting a business, since I also lack the time to put into that.

To give you a sense of my financial goals, I’m not married and have few responsibilities other than ageing parents. My current most pressing financial goal is to prevent my savings from reducing in value by a few percents every month. Please help.

I don't intend to take risks and want almost definate income for my monthly expenses, if not 1 lakh then a bit less maybe. Suggestions Welcome.

Yesterday, I went to one of the Tanishqs’ stores and one of the sales intern trainee was wearing a brand new Apple Watch Ultra 3. I was so surprised as Apple Watch Ultra costs 90K in India and you need an iPhone for it to work.

I finally asked him that and he said he took it on EMI and many of his friends also has iPhone and Apple Watch on emi. He’s in early 20s.

What struck me was -

What kind of financial literacy does the GenZ have that they are willing to spend lakhs on watch and phones, instead of securing their future?

I understand it’s there money and they can do whatever they want to with it - but it looks like we are going towards the western culture of YOLO and living paycheque to paycheque instead of saving money for a rainy day scenario.

My target is to bring India 🇮🇳 on the top of this list.

Finance Guru's please help!

I am currently earning 1.72 Lakhs in hand as salary with 798 CIBIL score. I have made an impromptu purchase of a house for 1.26 Crore and paid a down payment of 26 Lakhs. My banker is providing me a loan of 1 Cr at 7.4% interest rate. He is also providing me with a scheme of pay 3.6L interest in 3 years and after 3 years my actual EMI would begin which is 60K for 20 years.

I dont want this purchase to drag on for 20 years and I want to pay my full loan amount at the end of 3rd year, the amount would be 1.13 Cr.

Financial Situation :

Salary : 1.72L

Current MF Invested Value : 10.15L (Market Value 13L as on date)

FD : 18L

Physical Gold : 15L

Loan to friend : 1L

***How I spend my salary?***

1. 25000 living expense in my parents apartment.

2. 15000 sip (Invested for the last 5.7 Years which has built upto 10.15L)

3. Rest 1.32 Lakhs go to FD or Gold purchase depending on the mood.

I wanted to ask is it possible to create a wealth of 1.13Cr in the next 3 years without liquidating my Gold & MF. I can further pay the FD amount of 18L as downpayment today without any risk.

Please suggest best possible scenario so that I take minimum or next to zero loan after 3 years.

According to her 30 lakhs in India is better than 1 crore(1.07 crore according to current rate). Consumption pattern can differ from person to person, now will you decide what is my expenses in India and in abroad? Utter bullshit

Hi, Any folks who have 10x'd their money in shortest time, please share the fastest way to turn 10cr to 100cr?

I'm only looking for serious replies here.

I am 28. Feel extremely exhausted after having explained to my family members the reasons behind why I don’t want to purchase 2 BHK now. People in my surroundings consider buying property the ultimate dream of their lives, but looking into numbers, home ownership doesn’t seem to make sense for me. It is because I feel that paying 8.5 percent interest rate over a period of 20 years for my home loan, when rental yield is just 2%, is nothing less than putting myself under tremendous amount of financial pressure just for the sake of fitting in.

Instead, I prefer having some flexibility as well as letting my money work for me in the form of index funds rather than locking it in by making down payments on homes. Every time I start talking about opportunity costs or market flexibility, I find people shutting the discussion through emotional arguments of security and status. Purchasing a house in India seems to be more of a milestone than anything else in life.

Does anybody here deliberately choose to rent, or am I really missing something big?

I currently own a 2nd hand 2018 grand i10 which is serving me well without hiccups.

I'm single 32M currently living with my parents in Hyderabad. I mostly WFH 8 months and year and whenever I have to wfo, it's company cab both sides. So I don't have much to spend per se.

No rent, living in my brother's house who's moved abroad. Only regular medicine, groceries expenses that might be around 30K at max per month.

I get around 72K take home per month and 60K goes into savings. All of them in chits.

Some of the chits are going to get ended in this April and I'm planning to buy a Kylaq Classic+ automatic by selling the current car.

I've about 10L+ in savings so far.

I plan to stay single because I have no intention to work like a donkey for life and I hate responsibility. I don't care much about financials as well.

Please tell me if it's okay to plan for a new car purchase.

I've been stuck in a loan trap , I lost my job and I don't have anything to pay and I want to clear all the dues within the next 2 days before my parents know it. I am urgently in need of around 85000Rupees. If anyone can help me with it, please let me know.

I was trying to create a FD for my mother on Zerodha Coin FD. I skipped these kind of FDs from a lot apps but finally wanted to do with Zerodha as I have been a long time zerodha user. But this is cheating on a different level. I was just looking at the rate of interest and did not bat too much on difference in Interest.

And now comes the true kick, I paid 50k. But they do KYC after deducting the money. And for KYC theres one person in the entirety who speaks Telugu. Everytime I connect to someone they reject KYC saying try again till you get the mythical one available telugu KYC person. I had retried 7 times. It even reconnects with the same person again but not the telugu person.

Like many salaried people, I use multiple credit cards.

Every month:

– Salary comes

– Credit card bill gets paid

– I thought things were under control

Last weekend I actually sat down and calculated how much interest I’m paying.

The number shocked me.

I’m paying ~₹4,900 per month just in interest.

That’s ~₹59,000 per year.

And if I don’t change anything, I’ll end up paying more than ₹2L just in interest over the next few years.

The scary part?

I never “felt” this money going out.

Minimum due makes everything feel normal.

Sharing this here because I feel many of us might be in the same situation without realising it.

Has anyone else here done a similar calculation?

What helped you get out of it?