use google budget template to keep current on your income and expenses. This looks like a more realistic approach based on the savings rate.-Abhishek Singh ( Your middle class friend ) What is an old budget?
Thanks for reading ❤️Update 1 : I did some re-calculations and upgraded my targets as follow : Rs 10 Lakhs (Age 25) then Rs 30 lakhs (Age 30) later on 80 lakhs (Age 40) and 2 Crore (Age 50) and eventually 4.35 Crore (Age 60). We are achieving a combined savings rate of 50% every month.Shoot any doubts or criticism or blessings in the comments section. I just hope one of my stock in portfolio turn out to be a multibagger :PFinally I want to retire as a full time trader with a trading capital of 20 Lakhs atleast for future trading.That's all about me 😂 as I am married now, my wife also believes in Financial Independence. Rs 50 lakhs ( Age 40 ) Rs 2 Crore ( Age 50 ) and eventually Rs 5 Crore ( Age 60 ). Buy a 2BHK in a distressed society and flip it after remodelling ( still learning ). The first picture is the template which I created and the second is the result.Yellow is from Bride's side and the maroon is from my side.Upcoming goals interms of savings are Rs 10 lakhs ( Age 25 ) and Rs 20 lakhs ( Age 30 ). So no credit card debt.My mutual fund portfolio is close to 1 Lakh which involves Mid-Cap and ELSS fund.I invest heavily through medium of VPF towards the Employee Provident Fund and have accumulated close to 1 lakh there as well.My stock portfolio is 1.75 lakhs with an approach towards long term where 65% allocation is in ITC Ltd for dividend income and all the dividend income will be reinvested in buying the same stock.I try to save 50% of my monthly income which are diversified in the above mentioned funds along with Rs 10,000 sent to mom every month for her PPF account.I have side hustles like trading, blogging, goal based financial planner and writing reviews on Financial Instruments from which the income generated will be pushed into Stocks.I have developed one more side hustle when I was getting married as we wanted an out of the box wedding card so I decided to make it on my own. The biggest trap they like to fall into is no-cost EMI option.My net-worth right now :I use credit card to earn points ( 10200 ) and pay back every month before the statement genrates in full.
I have seen many of my friends who joined in my batch making the same statement where they want to Buy a Bike or iPhone instead of buying a mutual fund. I am 23 right now and working in the IT industry since the last 2 years.
0 kommentar(er)
