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I got a call from DXC for senior Java developer position in Bucharest (Romania). They have mentioned a pay scale of 17k to 18k RON per month after tax cutting
If i got selected I am planning to move with my family.
Will there be any savings and what would be cost of living for a 3 member family there.
Just
DXC Technology
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I Currently work for an MNC in Kerala, I've 4.4 years of experience in software development. Currently leading a team of 6 developers. Recently I got an offer from Rakuten India, Bengaluru location. As Senior Software Engineer 1, Rakuten offered 13.5L as CTC + 1.4L as joining bonus. My current CTC is 7.2LPA. As per my research on the salary for this role at Rakuten, the offered one is low. 48days of notice period is left What i can expect from Rakuten India for this role?,How can i negotiate?
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Saving : 2.5 cr
Age :34
All money invested in land
CTC: 20 lpa
I don't plan to save any money in fd and all, all I do is invest in land. Believe me that's the best investment.
Any suggestions how to achieve 1cr savings with 15 lpa
How did you save 80 lakhs in 30 yrs. What is your package journey in these 9 yrs curious to know
Started with 3, then switched to 7 then 10 then 14 then 24 then 35 then 41 now current.
Age - 29
YOE - 7
CTC - 24 LPA
Savings in Bank - 7436
Savings other than bank - 0
🤣🤣 Yaar pata nahi hone Wale bacho ko school bhi bhej pauga ya nahi
Well I'm in a similar boat except with an hole(EMI). I have around 1 Lakh savings, 48 L housing loan, 9L debts from our relatives. Every month the balance after EMI I invest 5k and remaining I save to repay the debts. CTC :19L YOE: 5.3
Also, how much corpus amount is enough for taking retirement from IT considering my existing average monthly expenses of around 50k ~ 6Lakh annual?
(With increasing inflation and all)
You can easily afford a financial planner and a professional investment consultant (you may also opt for PMS). If you need it for free check out Akshat Shrivastava on YT.
I believe you are a minimalist so Its right time 4u to diversify at least 50-60 lakhs into physical gold, silver, real estate, SGB and rest in MF, stocks (US Preferrred) and invest in small businesses if your are interested. All these should be able to compound at 10-12% pa and would give you good returns in longer term.
Apart from this If you want ur family to have a good corpus then have at least 5Cr term plan with income options.
Rising Star
9 YOE 80 Lakhs Savings?
Onsite Visit involved?
Or you were in some product based company who paid stocks and later you sold them?
Throw some lights on how you achieved these numbers with 9YOE!
Plot I got for 22L, villa 1cr. All are appreciated amount based on nearby sales of plot/villa
Took loan for the villa. That's the liability part.
They are all in my name.
I have another plot 600sqft (30 L valuation) haven't included as it's not yet in my name. Part of housing society, bought 7years back at 5L
I am 32 and have savings of 6Lakhs only.
Will society accept me😂
In all these 32 years, did u cared about society ? So why thinking now
Buddie, what are doing , with your life ? with so much less saving of "80" lakhs , you probably have eat with water in near future, or may be just have one time of food, inflation will make that lakhs to paise, haven't you heard from "influencers", you should invest all your money in crypto, SIP, mutual funds and share market.... High time bro wake up 😂
40 lpa would mean around 29lakhs post tax for that year. Can you please help us with your year on year savings upto 80lakhs.. it will really be a motivation for many youngsters to start saving.
Pro
If he was on 40 lpa package even for 3 yrs, he could have easily saved 20 lakhs each year, totalling to 60 lakhs this way only. 9 lakhs is more than enough if you are staying in hometown and you don’t go on expensive trips.
1. Get a good health Insurance
2. Invest in physical gold (not jwellary)
3. Invest into tier 2/tier 3 property, preferably commercial which has good rental yeild, compared to residential.
4. Find best bank interest rate, canara bank i think is 7.15 % , invest for long period approx 60 ( if not invested in land or gold)
5. Pick good stock of well known companies, do some basic research or at least look for bluechip stocks. Invest approx 6-8 lakhs onto stock, this is for long term 6-8 years. Don't invest more than 9% capital on one stock. ( Suggestions: L&T, Asian Paints, ITC, TCS, Tata Motors, Etc Companies well known and making significant profit.
6. Research on some Index funds, ( approx 8-10 lakhs) Index has usually given 10% + return over longer period. Invest on some 3-4 different type of fund.
7. Invest some 4-6 lakhs onto T-Bill ( govt backed )
8. Invest onto SGB (gold bond backed by govt)
9. Debt fund if you can
Balance out Between equity (stocks), mutual funds, debt and govt bonds.
10 Finally invest in yourself, upskill yourself. You'll earn more than 80LPA in a year of you do it right.
Awesome
I wish God hadn't made me view this post, let alone this thread.
I believe I am going to spend the rest of my life in depression.
Pro
Why live in depression? You can always pull the 🔌
How much you guys are earning ?🙄 Are you all working in some heist as part time jobs?
For some reason everyone on fishbowl is a millionaire!!
Damn I am uninstalling fishbowl 🤣
Definitely less than u bro
Earning 40L per anum and having zero financial knowledge is ridiculous. Just invest in nifty 50 ETF or index fund these are very less risky .
How come you decided that Im having zero financial knowledge?
Obviously I do know things but its just that looking at market crashes, inflation rates etc I was just trying to avoid losses and bad investments.
And now just trying to figure out the best ways from experienced folks to take a mature and planned decision.
That's impressive at the age of 31, I have managed to have assets worth just 2.1 cr in real estate at the age of 36
No, currently staying there. It'll fetch a rent is minimum404-45 k, new flat still under construction.
Looks like you are a very low-risk person.
For such low risks and okayish returns, you could try:
1. FDs
2. Government bonds
3. Corporate bonds
4. Gold bonds
5. Index Mutual Funds
6. Large Cap/ Blue chip mutual funds
7. PPF, NPS, NSC
Ignore blend, debt, midcap, small cap mutual funds, equity shares, cryptos as you don't have much of risk appetite. But, do think if you change your mind.
You could try real estate especially commercial spaces if you have an idea. Real estates are big money games if you want to play.
If I had this amount, I would invest 50% in low-risk instruments (mentioned above in 7 points) to save money, beat inflation and then invest 25% in higher risk/higher returns game. 10% in liquid as emergency fund (only use in emergency cases), 15% in liquid for use in savings Bank.
Thank you for the suggestions.
80L is very less, I am 27F and have 1.5 Cr as savings, planning to buy a bungalow in Alibaug.
How you achieved 1.5cr in 27yrs can you share some insights.
Looks like you don’t have much responsibilities. I have 10 years exp but I have taken of paying my education loans, RDs to spend for family during Diwali and Holi, my own expenses as I was living in diff state, taking care of my parents medical conditions (My mother is suffering since a long time), Brother’s education, Expenses during my own marriage, wife is homemaker and all family expenses, grown medical expenses for parents, taking care of family at hometown,
Bought Car, Bought flat and burnt savings, still I have hardly 8 Lacs of savings. I can be wrong but can’t assume if someone can have this much amount.
Pro
Respect for you brother :) good luck and hope your mom gets well soon! Take care
Gold, gov bonds and private equity
Pro
Buy some good commercial property which has both scope of growth and monthly rent.
In this amount you can try for Jubille project in Mohali; i couldn’t afford but i think you can. It’s quite a deal.
Seriously impressive well done , I would say well done as not many 31 year olds have even 20 Lakhs savings