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HI.. I am Naga Srinu ..I have experience of 11 yrs in Accounting & Finance..Still my CTC is 6.70 lacs as Sr.Execuitve (Branch Reviewer)
My query ..I want to Increase my salary package and shift to software MNC companies. What are the channels to get into big 4.
I am feed up with salary increments frm past 11yrs.
Kindly any one advice n share ur experience.so i can get awareness.
Note: Software i worked on GAC Dolphin ,SAP ,Oracle ERP, Tally ERP.
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Chief
You’ll be fine
i think if ur making 100k and saving that much, you’re very very ahead of the any average American. You’re doing great don’t stress :)
Why compare with the avg american? Avg american isn't making 100k. Infact they didn't even graduate from college.
Chief
Put your money in target retirement funds. They're like managed funds without the high fees. It balances your risk so it's higher early and slow shifts to low risk as you near retirement. Especially because it gives you anxiety this is the smart solution where you don't think about it. Also just max everything you can afford to max.
The best thing to do is not compare yourself to others. Everyones situation is unique, set a goal and stick to it. Dont stop pushing to better yourself and find happiness in progress you’ve made personally
Money doesnt equate to happiness. It can certainly help. But at a point the people you surround yourself with (family, friends) is what will truly bring you joy in life.
I’d consultant a financial advisor on your personal savings goals.
Not that its worth anything but I try to bank 30% of my net income in savings/investments
i personally would find a job that pays more, but also depends on where you live
- live as frugally as you’re willing to - cook instead of eating out
- contribute at least the 401k match amount, more if you have the funds, straight into roth 401k since your tax rate is presumably lower than it will be in the future
- max out your roth ira
- contribute to the espp if you can, 15% discount if you can hold out for 6 months
i stuck to the basics for strategy. anything leftover i throw into my personal brokerage
don’t stress! compounding interest is amazing
Thank you! So helpful.
My guy I’m almost exactly in the same spot as you. 29, 30 this year. 25-30k in 401k, another 13k in another retirement account and another 18k in brokerage. Don’t stress out we’re gonna be just fine for retirement. Couple career changes with some solid pay increases will surely help.
Comparing yourself to others is literally the worst thing you can do. I recommend this instead:
https://financialtherapyassociation.org/find-a-financial-therapist/
I feel like sharing my goals are just gonna stress you out even more. Focus on reducing costs, saving and investing
That's awesome. Can I ask what your real estate game was? I'd like to buy but not sure where to start even though I've read a lot about it online.
The other thing I wish I'd known is to make sure you're putting a lot of that 401k into the Roth 401k. You get to keep all the earnings. That's going to be equally important.
No offense, but outside of consulting, industry pays a fraction of what you're earning. The majority of the US makes less than what we do. Remember there's work/life balance and to enjoy today. You're doing an amazing job with $30k in 401k and another $30k in brokerage saved already. Enjoy the journey, not the destination.
Thank you for the tip re: Roth. I am planning to do that. Interesting you say industry pays less because others have noted in other threads that a lot of people in consulting are looking for exits because industry can pay a ton more.