Hello sharks. Just wanted to get an idea how much you guys have saved including your assets by the age of 30. I'm 26 and I have zero savings or no asset.

likesmart
Posting as :
works at
You are currently posting as works at
Highlighted IconHIGHLIGHTED

You are too young to worry about these aspects. Just start a SIP of 5-10K, or whatever small comfortable amount, and continue with that for a few yrs, and then think about this issue. Enjoy your life!!

like

No need to be worried. You can start now. Better late than never. Start by investing in SIP/MFs in amounts based on your convenience.

like
Recent IconRecent

Not my intention to brag here. I have saved around 70+ lacs and I'm 26 too

like

@larsen and toubro No, I was just lucky because I had no educational loans since my dad was able to pay for my college himself.

like

M27:
Nothing! only pf and 1.75 lac FD.

like

I had almost no savings(very low pay) until 25-26 too. Lock down and job switch helped. I have saved 20L now.

like

You pay must increase as you are more experienced now. All the best

Instead of how much I saved. I'll share what we can do!! Let's say your take home is 70k and unmarried!! Strictly save 50% of it which is 35k, keep it in small cap mf which you can expect 12%, and I'm under assumption you might stay for a company for 2 years so sip amount will come to 9.5lks

After switching your company you may get around 1lk take home and this time save 60% strategy(assuming you'll be married and your wife contribution will be there). This time your initial investment 9.5lk which is from previous 2 years and now sip of 60k monthly. So after 2 years urs will be 28.8lks.

After switch I can assume 30% hike which you'll may get 1.3lk take home and if possible increase saving to 10% so then 70% sip which comes around 90k sip. After one year you'll be 30+ and your value will be 43.8lks..

If you could invested early this numbers would reached to 1cr !!!

Post Photo
like

Under assumption 14lpa is fixed so 14lpa/14 = 100000 approx is ur take home. Out of that ur car loan usually people should not exceed 30% of their take home (as per financial thumb rule) so around 30k will be ur cut from take home and for a couple with decent life style with rent and groceries 40k will be sufficient, entertainment and shopping let it be 10k per month so total exp is 80k so you only left with 20k. Strictly do sip from now and try to improve your skill set and switch job also increase your sip amount. Never too late !!! Hope ur wife will get job soon and will contribute to saving !!


Note if your doing PKG/14 you'll be mostly getting amount after taxes

like

I am 23 and I have bought a plot worth 30 lakhs with my savings, loan and parents savings

like

29M, 6 yoe.
Right now 25L in cash, some of that with parents. Apart from that I've invested 30L in real estate last yr. Zero debt.
NW this yr - 90L with no debt.

In 1 yr I'll have 1.3 Cr worth real estate, atleast 30L in liquid, some 10L in gold, 18-20L in Adobe stocks, all after taxes & wedding expenses (expecting 18-20L wedding expense).

NW would easily be 1.7-1.8Cr after 1 yr 🙂, with some 30L property loan. Not counting wife' s assets if I get married.

PS : This is all from my own money, not much from parents.

like

2 lakhs and 33 thousands only.

like

🥹

Maybe 2LPA and i am 32

like

Around 35 includind epf but i am 30

like

Same for 90% public

Around 25+ Lakh including plot, stocks, lic, sips, pf

1crs including Vila and BMW .

Bro, BMW is not an asset, it's a liability.

likefunny

Im 28 and I just started my career after an MBA! I spent all my before MBA savings in mba 😥
Lets see how thing goes from here!

I thought I was the only 26 YO without savings. I was merely earning 35-45k (still do) and did save around 30-40k once only for my mom to donate half of it to temple. And since then I was done saving. I would have been happy if she used it on herself. Jab khud ka paet nahi bhar raha toh charity karne ki kya zarurat.

At 26 I had no savings, but no debt as well. Had just started working.
Now 28, have 5L in savings and 5L in FD. Looking for ways to start investing more but afraid of the share market.

26 bought property worth 50 lakhs (15L paid by father and 17.5 lakh debt home loan) and 8+ lakhs in account 1.5lakhs in ELSS and looking forward to start a small medical shop in 2 months that will pay my EMI

I am 27. And have 3.5 lacs in MF & Direct stocks, 2.6 lacs in debt instruments (savings account+ RD) , 2.5 lacs in PF. Saving 40k/month now. Lets see what happens next.

Related Posts

I went for 3 interviews with a company met with vp and was given package thinking I aced interview there was another candidate 😞 the other person for the job. The VP calls me to tell me I didn’t get position however he wants me to re apply in new year that something else will be open, and that he wanted to keep a copy of my resume what does this mean ? Should I apply again in new year or don’t bother ?

like

Do you have a LinkedIn? Do you think it's useful to have one?

like

I am joining PWC SDC next week and I needed a leave on 25 th will it be a problem?

I hope everybody received 2k Amazon voucher as Xmas gift

like

Accenture India Hi I am looking for referral for Product management roles. Capgemini Amazon Amazon India Meesho Flipkart Lowe's Accenture India Accenture Cognizant

like

I’m a Civil Litigation Paralegal in Florida. I have over eighteen years of experience with a team driven vision and hunger to provide superb customer satisfaction

anyone which from tax to advisory? if so what kind of advisory?

like

Looking to get into a CRE analyst position. I’m in my early 40’s and have been a landlord and doing fox and flips for my own business. I graduated in 2018 and minored in real estate. In striking out in the few interviews I’ve gotten but haven’t had much luck w my resume despite accolades from those that have reviewed it. Wondering if it’s an age thing or maybe being self employed is a turn off. Any suggestions?

like

Welcome to Freshworks' open bowl. Feel free to ask questions or share useful stuff. Meanwhile please avoid sharing sensitive and confidential information. For specific chats, move the conversationsover to DMs...

like

I will be entering into salary negotiation with Powerschool for Product Manager role. How much should I be aiming for ?
CCTC- 16.5 (all fixed)
YOE- 4 ( relevant-2yrs post MBA)

like

Hey Folks,
I received an offer from Amazon before the stock split event. I am entitled for 11 RSUs (as per the offer).
Would this mean that I'll get 220 RSU or only 11?

like

Accenture- Multiple opportunities for QA tester, Business analysts, automated and manual testing, functional Test Planning.
Experience 2-12 years
Dm me.

like

Received an offer of 15.5Lpa fixed, Grade B2.
Is this average salary offered to B2?
Background : MBA + B Tech, YOE: 3 years.

like

One of my relative is looking for a change . Preferred location : Gurgaon
Domain : E-Commerce - Category Management, Operation
Experience : 6 yrs
Dm me so that i can share CV

like
like

I was recently promoted and will be taking on a supervisory role; any tips for someone who doesn’t have too much experience managing someone?

likeuplifting

Anyone have thoughts on a MDM on your personal phone? I want to be able to check my email/slack on my phone but I don’t want my company to also have all this access to my personal device. Can anyone give insight if I’m overthinking this or if it’s a definite “No”.

like

NYC native fish, did you go to a specialized high school? What are your thoughts on abolishing the specialized Hs admissions exam?

likesmart
like

DM if anyone interested

Post Photo
like

Additional Posts in Tech India

Is unlimited paid leaves a scam? I see some companies offering it but it looks like you end up taking less leaves as there are no mandate leaves and there's no encashment as well.

like
like

Friday it is! Finally almost end of week!!

likefunny

Just an observation...

Fellow fishes, the company name is spelled as "Deloitte" 👍🏻

and not Delloite or Deloite or Delooite or Delloitte 🤦‍♂️😓

like

Hi Sharks,

I have an offer from ellucian Bangalore.
Could you please help me to understand culture and growth opportunity?

like

How is the life at HCL Technologies Learnings, Job Security, Yearly hike and Promotion
Please advise

like

UBS Can I take back resignation in UBS? I want to negotiate with my Manager and if he agrees, I will take my resignation back.

like

What are some good documentaries to watch?

like

My grandmother passed away i requested unpaid leave (i took 11 days of paid leave last month) to join ritural and help my parents as they are aged persons but my manager denied and his behaviour was worst like who cares what can I do please suggest it's a 3rd party company.

like

Guys pleas help me choose which offer to choose. My current ctc is 9lpa.
TCS- 15lpa (IT Analyst)
Mindtree- 18lpa(Module lead)
I am looking for good WLB as I am having 1year old daughter.

like
like

My salary is very low as per 10 yoe which is 20 LPA.I asked my managers to increase my salary as per market standard till 25lpa. They said talk is going on with HR as like me there are multiple employees who are not satisfied with yearly hike, but for sure they will give and it won't take much time. Do you think I should trust them and start looking outside. Here wlb is good which was my priority. Deloitte EY Barclays Deutsche Bank
Nagarro EPAM Systems Harman Globant TietoEVRY Xoriant private s

like
like

Which is the most impressive startup in your opinion

like

Will your company adopt 4 day work week?

like

Hello friends, can any one comment about how is work life balance, employee benefits like Insurance, bonus in BA Continuum?

like

Please suggest some product Based companies that usually have .NET (fullstack or backend )openings?

like

Hi All,
Please suggest "Best JAVA Course on Udemy"
Basic to Advance learning.

like

Best city in India to to work from?

like

Do anyone know about McLaren Strategic ventures.
Please comment

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal