What advice would you give to you younger self?
( Someone in his/her early 20s )

likehelpful
Posting as :
works at
You are currently posting as works at

I would suggest these
1) Start investing in mutual funds. Start a monthly SIP and get that deducted on 1st of the month. Focus on long term investment.
2) Start investing extra in your provident fund through voluntary provident fund. This is over and above your default 12%.
3) Enroll your parents in Health insurance if they are dependent on you.
4) Create a trading account (probably zerodha or groww) and use smallcase to start investing in stock markets. Meanwhile you can use zerodha's app to learn about investments.
5) Always remember, small amount invested in a desciplined way for long term compounds to a huge value.
6) Try to invest/save atleast 20% of your in-hand salary. This is mandatory. Do it 1st day of your month. Set auto debit. You can increase the amount but don't decrease it.
7) Spend 50% of your salary on your NEEDS - rent, bills, grocery, etc.
8) Spend 30% of your salary on WANTS - shopping, movie, outings, gf/bf, daaru, gadgets, etc. These are important but do it in a limit.
9) Try to reduce the 50% and 30% and increase the 20%. You can do this by not living lavishly. Live in shared appartment and reduce your rent as munch as possible, no extravagent spendings, etc.
10) Create a monthly budget for spending. Don't go above that.
11) Work hard till 30, make money, invest, make money work for you. Your future self will be at peace.

likehelpful

Thats so well summarised ♥️

like

Attend you BTECH classes and learn some coding f**ker 😂

likefunny

BTech completed brother, with fame. 😊

like

Buy a term insurance as soon as possible as you end up paying less overall. As of now you may add your parents as the nominee and post marrige change it to your wifes name.
Start investing early even if its a small amount doesnt matter.The thing that matters is to get into that habit of investing like in SIP,NPS etc.Once you get into the habit then you yourself will save first for investing and then will spend on your expenditures.

like

I opted fot Max Life Term insurance as their premium was reasonable and the claim ratios were also good. Most of the players offer almost the same benifits.What differs is the premium you pay.For Life insurance i opted for LIC almost 10 years back and have been paying that premium ever since.People say its a waste of money but then its better to waste that money on LIC than on foolish spends and needs which are not a necessity.Atleast after the term completes ill get something.When i invested the options to invest and save tax were less.Nowdays thats not the case. So chose what suits your requirement even if its a LIC policy.

like

Start investing early.

like

Kuch nahi ukhaad paaoge tum, chill karo thoda

like

Okay Boomer

like

Related Posts

I am interviewing for a Sr. Program Manager role at Adobe. Glass door says ~252k. What a typical base would be? How does adobe feel in the market right now as far as layoffs and expansions?

like

Which one to choose
1 Mercedes-Benz, banglore, 28lpa
2 Impetus ,pune 26 lpa
Yoe 10
Skill sql, plsql
Help me to decide which one is best in terms of learning and growth.

like

How do you handle all of that I9/tax stuff when starting a new job virtually?

like

Did 4 rounds of interviews. Last 2 with 2 partners at EY. Haven’t heard back even after 1 month. One partner even commented “you will be a good addition to the team”. Hiring manager gave EY email after her interview call with me.
Fast forward two weeks, no communication. Recruiting was surprised that I was still chasing for this position, month later. Got to know last week that hiring team was continuing to interview candidates. Should I drop the idea to get hired? EY hasn’t rejected me yet.

like

My fiancé will NOT stop talking about her ex. After I found out they were texting arguing she justified it by saying it was about the dogs and not them. Even though Her social media is full of his pics. She still sends him $50 a month for dog food, still goes to work right by his place and suspiciously needs keys. I try to bring it up and I get dismantled for being too mean and making “false accusations.” How much more obvious can it be?

like

Can anyone recommend a good headhunter that has experience in placing agency strategists on the client side (not just agency only)?

likehelpful

So I had 3 deals scheduled to either close end of May or mid June which were all pushed to end of June/beginning of July. Which is when I have my first vacation planned for over a year (I take 0 time off). My whole family is flying up and we’re renting a cabin near me. What do I do? I’m running one of the deals, semi running the other one and not doing much leading on the other one. Note: I was supposed to not be running any of these. Do I find a back up first or tell the partners first?

like

Recommendations on the best podcast, book, or other medium to learn more about “entrepreneurship through acquisition”?

like

Hey, I am looking for an Angel investor to invest in our idea. Can someone help me to connect with the person.

like

Hey everyone,

Can anyone here give me a referral in their company, I am looking for a Front-end web developer role with reactjs.
I have 3 years of experience in non-IT field and trying to switch domain now.

Thanks

Restructuring/Bankruptcy associates, how slow have you been this year so far? Seems like industry wide it’s been a very quiet year.

like

Junior associate. Should leave my firm and I follow a new partner in another firms’s established debt finance dept., or follow a new partner creating another big law debt finance dept. ? I’m leaving my firm no matter what, but have to chose between these two options - I’m looking for the most interesting experience !

like

What’s the craziest thing you’ve done at a work party?

I know there is no black & white answer, but what’s your thought process in deciding when to sell and keep the profit?

like

Anyone try Brooklyn Biltong? Thoughts?

acd: “would you do meth everyday for a year for ten million dollars? you'd be able to choose where you rehab for free and —”

ad: “i’d do it for one million”

likefunny

My friend’s parent’s jewelry store has a Bluesy (ref 16613) in “like new” condition + box from 2008 for 10k. I had been contemplating buying a Rolex, but wasn’t super set on it. Is this a solid deal? Chrono24 seems to have couple years older ones for around 8-10k in very good/with papers, so not sure if I should keep shopping around

Post Photo
like

Hi Fishers, What can my expected CTC be for a PO role at Servicenow? My current profile is 6 years experience with 19 LPA. I have couple of offers with 23LPA and 25 LPA.

like

Hey Guys, does anyone know if jp has plans to call people to office full time from next year? I have my joining date as 1st November and want to know if they’ll continue with the hybrid model or no?

Any openings PWC global in consulting for SM or client engagement role. Can't DM. Any idea on My Manager and SM salary

like

Additional Posts in Consulting India

Guys, what is this Sapience buddy - Time tracking tool ? Does HCL track time from this application and how to avoid this to track you ?

like

Hey just out of curiosity what is in the joining kit of ZS Associates?

like

What technical questions can we expect for business analyst/ product owner/ Scrum master role?

like

Does cognizant update every person offer one week before joining by 1.5 lakh or to selected?

like

Hi Fishes,

How much time does
Infosys take for rolling out offer letter. I had discussion for compensation and role on 12th August, he told that I will be receiving offer letter in 2 weeks. Today 2 weeks has been completed no update yet. Is their a possibility that they might not send offer letter ?Infosys

like

What would be my in-hand salary if yearly fixed is 14lk. Given that I declare my tax savings all properly. Home loan 35 lakh+ some lic and Mediclaim + ppf & nps stuffs

like

Hi sharks,
Please tell me the work life balance and culture in Altimetrik Corp.? Is it better than Cognizant and Infosys??

Hi fishes,

Can anyone tell how is persistent systems for experienced (3 yoe) considering work life balance and job security? I am thinking of joining as a front-end developer.

Thanks!

like

People saying that yearly hike in Genpact is very low. May I know what percentage it is in average? @genpact

like

Society generale - 16 fixed+ 3vp
Altimetrik - 18 fixed

Both are giving same jb.

Java developer
Yoe - 5

like

How is Deloitte USI for Consultants in Oracle Cloud Service line ? Please share your views.

My TL gave me low rating (3.9) just because I resigned. On the other hand, TCS is giving me retention offer. I am getting 4 LPA more outside compared to retention offer made by TCS.

Should I accept the retention offer? Which band can I expect if I withdraw my resignation?

YOE - 2.9
OCTC - 18 LPA

like

Can anyone who recently got offer letter from impetus tell how long does it take for them to release offer letter? It has been more than 10 days now for me

like

How long does it takes to release offer letter after uploading all the documents in jio career portal???

like

I got offer from Infosys, TCS, Xoriant. Which company should I join. I am 8.8 year of experience in Mainframe

CTC
TCS - 15 lakhs
Infosys - 15 lakhs
Xoriant - 19 lakhs

like

Jan 28 is my final day in USI and I won’t be working for any corporate firm post this. At this point, I’m looking for inputs regarding what would be a good medical insurance policy to opt for. Looking for fuss free claims and decent coverage.
Female, 24 years age.

like

Off-topic: Air conditioner

We don't have any ACs at home but going to buy one soon.
Can you guys please suggest some good models in split AC and also what points to consider before buying one?
I don't have any knowledge about ACs, so if someone can guide me on what are the parameters I need to check before buying AC?
Budget - ~40000
Capacity - 1.5 ton
Energy Rating - 5*

like

What's stopping you from opening your own small business along with your day job? You could earn a lot without much effort. We all are educated people, working in MNCs, very good at what we do then why not earn more? You could open small business such as fast food corner or even small restaurant. This does not stop us doing our day job, after setting up your business you can just recruit right people seeing it and only small input would be needed from you. Opinion?

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

Scan your QR code to download
Fishbowl app on your mobile

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