What amount of money would prompt you to quit? Retire? Follow up with where you are in life. Mid 30s / married + 2 kids / etc.

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

My magic number used to be 7Cr. I think somewhere between 7-10 Cr, allowing me to earn about 50L-1Cr of money (not necessarily liquid) per annum would be good enough for me to go to Goa and open up a small shack.

Early 30s, married, 1 kid. Possibly will plan another in 3-4 yrs.

like

Yes. I was thinking net worth.

Lots of variables there. If I'm considering what amount I'll be happy with right now, it would be 7-8 crore. Basically, a dollar millionaire. I'll not have to spare a single thought about finances then.
But if you're asking about setting a target for yourself, then factor in the time value of money, asset value appreciation/depreciation, inflation etc etc.

like

With monthly systematic flow of 1.5 Lakhs, lump-sum savings of 3-4 Cr would be enough.

Related Posts

Simply wondering, once PP or EXP on AA, why do you stop earning 500 mile certificates? I know you they’re no longer necessary at these levels but what if I don’t hit top tier the following year?

Just downloaded Robinhood on my phone and going to learn investing with small amounts. What are some resources to read and make informed decisions? How many $s should a complete noob start with ?

like

What credit cards does everyone use to maximize rewards points? What bank accounts to maximize sign up bonuses?

like

Working as a senior data analyst at startup clinical trial company in the NE. Have 6 years full time work experience in data analytics post graduate degree. With part time positions during and post undergrad + quantitative masters, more like 8-10 years. What is considered a good salary? I’m currently at $115k + 10% bonus (no 401k match), and might soon be considered for a promotion that involves managing. Just want to make sure I’m ready for salary negotiation. Thanks so much!

like

Any twin toddler parents? I have twins (2 years old) and i am unable to figure how i would get them into college. With the current tuition costs and living expenses of attending college, i feel i can either buy a house or get them education. Any advice on how to plan savings?

like

Can anybody help me find a 2bhk appartment near technopark Trivandrum for rent around 10k

like

Do you suggest booking profits now (even if they are less) to reduce the risk profile, given that market is moving sideways and bubble might finally burst 😬

like

Trying to open an account on TreasuryDirect to buy i bonds, and I am required to get an authorized certifying officer to sign a form to complete the process to open an account. Anyone know what that is? I went to my bank and asked, they don’t think they can sign it 🧐

like

How much is “market” comp for a 5th year, general civil lit, AmLaw 200 defense firm with usual benefits (health, dental, 401k match up to 6%). I’m LA based. TIA

like

Assuming you didn’t pay them off completely, how much were your student loans when you left biglaw? And what was your salary in your new role? How did that work out for you?

like

Hi all- new to fishbowl. Not really sure how to use and explore the app yet but I saw this bowl and figured I would introduce myself. I am a wholesaler for 401K and I am able to partner with advisors who currently uncover 401K opportunities or are looking to learn how to. Reply if you are an advisor in the NYC area and interested in learning about how to expand your business.

likeuplifting

Has anyone ever just said YOLO and splurged? I’m debating getting an expensive car. What’s holding me back is that I don’t drive a lot and I could make more $ long-term investing the $. (Cont.)

like

Hey all! Would really appreciate feedback on my current financial approach and making an actual financial plan (HELP pls lol)
This assumes I just got my direct deposit.

I contribute 25% to my workplace retirement acct. when I get paid, I apply a lump sum to my student loans or other debt. With the leftover, I’m having trouble coming up with a monthly investing plan. I have a Roth IRA and will max for 2022 (VT/VTI). I fund a rollover IRA+brokerage, no traditional IRA. Any thoughts, ideas?

like

Has anyone made a property purchase using sheriff sales? Can you shed any light on the process or share tips or resources?

like

While hype is on the squeeze what else are folks looking on buying on the dip?

like

RIOT - thoughts on selling Jan 22 15p for $4? 26% return for 8 months. If assigned, cost basis around 11. Seems too good to be true. What am I missing?

like

Anyone know what is the financial requirements to be approved for Fidelity level 2 option trading?

like

How much I can expect monthly take home salary. I pay rent 1LPA,1.5 LPA 80c. Any suggestions to minimize the tax deductions?

Post Photo
like

How should one properly calculate total comp? Base + bonus + stock options? Should you only include options that vest that year or include the total $ granted that will vest over 4 years?

What is the best way to get euros out without fees and at the actual exchange rate? Is it best to use an ATM at the destination or is there a better alternative?

like

More Posts

How much is a nice salary to move to LA with my wife? I’m a Senior Art Director and she can’t work.

like

How much TCS will offer for candidate with 3.3 YOE and technology MSSQL and SSIS with package in old organisation around 7lk

Currently have Series 24, 7, 63,65

Currently work in a very unique Wealth Management ops role.

Getting paid 85k base with 40k in bonus plus about 35k~ in OT.

Money isn’t everything but in my late 20s it feels like the only thing important right now.

WLB is next to zero as 60hr weeks are the minimum as of late. Management feels like they are trying to push a few of us out. Was told not to expect much come year end for comp. Any suggestions on finding a new role/pay expectations?

like

Has anyone had good experiences taking ashwagandha for daily stress?

like

Hello! I was wondering if someone can explain the difference between PM vs. PMM, and tips for non-PM/PMMs in making a transition to the industry. Are there preliminary skills I should acquire before applying? Any info on day to day and salary will be helpful! Thank you :)

like

Anyone have a ballpark range on dataiku price per seat or however they price? It looks like an interesting product.

How is the final settlement calculated at Accenture? Notice period is 3 months.
Will I get normal monthly pay for the first two months? I'm leaving after completing 12 months.

like

Anyone know of a Spanish-speaking catholic priest in the area that can do a wake service and burial prayer? My mom’s funeral is this Saturday and the priest we had made arrangements with can no longer attend. Any help/leads would be greatly appreciated.

like

Can someone help me in facing a product management mock interview? Need someone who is a product manager. Pls DM

like

Does TCS force specific number of hours (working hours policy) to be in office premises?

like

Hi sharks your help needed,

Is there any opening for Kolkata Location for
Deloitte ?
YOE 2+ ExTcs, currently in Axtria working as Data Analyst, Ready to work on new tech stack

Skills known - Sql, jira ,jenkins, java, Excel, FTL, Html, css, bootstrap , python & angular( beginner lvl) , Agile methodology, SIT testing

Please help me out.

Can someone help with the monthly in hand salary calculation for below fixed salary? YoE: 3 years

Post Photo
like

Hi fishes. Can anyone help me compare the average CTC of SA2 at PwC IAC and other Big 4s.

like

Got a decent looking opportunity for St. Louis. Anyone been there? Whats the outlook look like?

like

Tux rental vs. buy. Any suggestions for renting in NYC. My main worry with the rental is the fit.

Some one help which company I can choose for work culture, Life balance , company shift timings

Tech Mahindra 12 LPA (50k) joining bonus

ATOS 11 LPA

 I want to extract the data from a word file into
 sql server tables. Like after uploading a word
 file it will pull the data from it and then 
 update the various tables in SQL server. 
 I google it and found something called 
 Smart Forms. Anyone have any idea about this?
 Or any way to perform this work.
 
 Note: We can create the Word File as we want.
 Technology: C#, .net

How abut the job security and appraisal in BNY chennai . When is the appraisal cycle ??? And what is the maximum % they provide .

like

Pwc India : 9.2 Lpa fixed
Cognizant : 9.55 fixed
E&Y India : 11 Lpa fixed .

Where should I join ? Please suggest. PwC Cognizant EY SAP

SAP ABAP

like

Additional Posts in Consulting India

Hey Mates
I'm working in pretty good fintech firm.

I'm in my 30s with 2 kids and they are calling everyone to office by January
I want remote job and would never want to live in any city again.
Wondering which route to opt?

1. Start investing in open source and build a profile, find freelance jobs on upwork/Fiverr
Or
2. Start giving interviews in remote jobs. FYI I'm terrible at interviews and spoken communications.

Please provide your inputs. I want to work remote with good pay.

like

Hi, how to improve spoken english?
I have very good command over English, have been dealing with clients since long but i feel that theres a fluency with mild accent that gives an impact.
How to level up from here?

like

How much time after joining IBM you get your laptop delivered?

So, I joined a company recently, the work they are giving is not what I expected.

I gave interview for different skill but here there is no relation between my skills and work given.

It's very new to me. I feel stupid in front of juniors.

Kindly suggest your advice, recently I have switched as they gave better CTC than other companies,

Hopefully I have made right decision.

like

Hello everyone,

I have started working in Sutherland in December 2021 for a different profile other than my previous experience. And to be true i am not enjoying this role. So recently i got offer from SAS for the same profile as I had before Sutherland. I cleared all the rounds with 70% hike.
Now I am worried how do I put down my papers? As i am still in training can I ask for immediate release? How do i put down things in Sutherland? Do i have to face any consequences?

Please help.

like

Can you pls like my post so that direct messaging is enabled. It is very much essential as I am trying to switch organisation.
Please help!

likehelpful

How is like working for Maersk in SAP domain? What is the average increment ?
How much salary one can expect as Software Engineer ? Would appreciate reply!

like

Deloitte India (Fidelity international client) VS Blackrock (AWT)? WHICH ONE IS BETTER? PLEASE REPLY.. Almost Same CTC. BlackRock Deloitte

like

Guys need help. Verizon or an early stage startup. Same CTC. Can't negotiate further with either of them. Which one should I choose?
Yoe is 1.5 years and tech stack is Nodejs PostgreSQL Aws.

Thanks

Which one is good to join legato or nagarro?

like

Epam
Before : work from anywhere
Now : work from nowhere

funnylike
like

Hi Friends,

I got offers from IBM (GBS) and CapGemini.

CapGemini - 21 LPA (incl 10 % variable)
IBM - 16 LPA (fixed)

Trying to negotiate with IBM for matching the CTC offered by CapGemini.

Which is better and stable company to join as an experienced Java resource.

Thanks

Hi fishes, does anyone know about Baker Hughes? How is the job security and work life balance there? Got an offer from there but I am confused.

like

My manager told me “you don’t have soft skills in your gene”. Is this ok or HR red flag?

like

Anyone position available for a employee having 2 years of experience in Java...?

like

Am I the only one who faced this scenario?
North Indian HR not selecting south Indian candidate into the company even if he on par with North Indian candidate. I see this attitude amongst most of the interview which I had attended.
This seems to be a gray area somewhere in their recruitment .
Let me know your thoughts. I may be wrong.

funnylike
like

EY Promoted to Manager from Senior Consultant 2 yesterday in business risk consulting domain of EY India LLP. Current CTC is INR 16.5 L with 7 years of work experience. What would be the increment% on the CTC (approx figure would be great). When will the letter be released..?

Thanks in advance.

like
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