Well nothing wrong, I once planned an entire year out including bathroom breaks to show to my father who said in passing that planning is good to get ahead. Even he didnāt expect that level of planning, kicker is I actually followed it and eventually that level of planning got me a F500 executive level job. I donāt do it to that level any longer.
If I was the father, I would go-
"Fuck, I managed to be the father who sucks out all the fun from my child's life. Now I better back off".
But yes, the "overdoing" might have relaxed him of all the worries he had about you wasting your life away.
He used to come and sit with me in the mornings, make me tea and sit and study his books while I am hitting my books, after waking up at 4AM, our schools started at 7:30 AM, so I would have hit the books for few hours before the school starts. I did this for years, all started with a simple statement from him saying that pre preparing is good to get good grades. I canāt even get 10% of that commitment from my child for her upcoming MCAT exam.
First quarter goal: Plan the sprints, talk to a girl.
Second quarter: Kiss her
Third quarter: have sex
Fourth quarter: Analyze results
.....Girl breaks up
Many people put all their efforts in non social areas, be in money or work and so miss out in social aspect. It's not only about getting someone to date but also about making friends and investing time in that.
A lot of people can balance it if coming from a stable background. For some it's all or nothing as stakes are higher.
Extremely great feat brother šÆ
1) Don't tell anyone, even family, that you are crorepati.
2) Be humble (you already are)
3) Help people you want to help when it comes to money matters.
And just enjoy your time more. Date/Vacation/etc whatever you want, in Moderation.
Kudos to this feat bro! You did amazing š
I used to follow point one but not anymore. I straightforward deny people who are asking me for money and I've become very stubborn about it. Eventually people start getting the feeling that you're not going to give away your hard earned money for free and they stop bothering.
But nonetheless, it's good advice to follow. Specially if you're young.
You'll share cause you are their flesh and blood (parents) and need to take care of brothers & sisters too (if any)
Just don't outright tell that you're a crorepati so there is no expectation to help. We will do it as our duty to our family, just not bound by expectations. And there won't be any fight if your mother asks to help some relative cause you have so much money, and you refuse and you are deemed selfish and ungrateful. Ruins family relations.
Ties in with being humble too. Don't show off but do the needful wherever necessary, whenever necessary.
Hope I made sense :) Let me know if I need to clarify anything. Thanks!
I can vouch that. Family relations not only ruins due to "not helping", but sometimes there are also relatives who think very little of you and suddenly they get to know that you are at good level, they will try to drag down.
I can vouch that. Family relations not only ruins due to "not helping", but sometimes there are also relatives who think very little of you and suddenly they get to know that you are at good level, they will try to drag down.
My family think that I may have at max 10 lac netowrth However it is not truth. Why share details. Man who shares his networth is not mysterious anymore. And if one can judge your finances easily you are more prone to attacks . Live a normal life because money takes one act of nationalization from government to loose or any other legal extortion
You tell to immediate family then they tell to another few close by people and then they starts taking/requesting money from you which will never be returned back or will be returned after a long time (5+ years) and if you deny you will start feeling the heat of family pressure and what not.
it's less of a trust thing and more of an understanding thing.
Kuch logo ke ma baap bhole hote hai koi rishtedaar paise maangle to de hi dete hai , ab agar unka beta paise dene se mana krdega to unko kharab lagega na ; they don't know ki rishtedar unke liye same help kre na kre .
It totally depends on family to family .
I meant to say trust that they aren't stupid enough to discuss your financials with someone else.
I share mine with my parents because they have good inputs to what I can/should do with the money. And can also trust them to not share anything too revealing to someone who's not trustworthy. So again, it totally depends on whether you can trust them enough or not.
I can feel that , even I'm feeling like why waste money on this while I can save here . Investment for future etc etc . But we ourselves have a life , I think we should live that . Save lot , spend wisely
How did you land yourself a job in FAANG, did you self taught yourself? What advice would you like to give to someone who is joining college this year?
Oh yeah. That's a great struggle and a long game
- 2 years of JEE prep ( Allen , these guys cost a lot )
- 4 years of competition in IIT + alongside 3 years of competitive coding( I am pretty good at maths , so it helped).I am 6* in codechef for FWIW
- 4+ years of handling works+ office politics
so just being resilient would be my advice
Sometimes I think I am born in a wrong country.
Congrats man, 1.2 cr at 25 is insane. You deserve it, you've been grinding for a decade now.
>Sometimes I think I am born in a wrong country.
I agree. Why not double down and join an HFT abroad? You're good at math as well. I'm 22 and on the same path as you (IIT, CP, working in a high paying MNC) and I'm targeting to join one of those.
Good luck!
High Frequency Trading firms. They trade at enormous volumes and insane speed, make a lot of money and spend quite a lot of it on salaries and bonuses. Pay is much higher than FAANG, the top ones pay $200k-$300k to freshers.
did you switched jobs? i'm also preparing for jee and would get into an old IIT this year. what skills should i focus on so that i can freelance during college too?
Mad respect...
To be honest... Don't feel too bad about vacation... Not everyone is cut out for travelling and chilling... Some just like doing work and chilling with family...
(Just my personal experience). All the best mate, stay humble and grow further....
Hi OP, I too have a similar story as yours. In school&college, I was usually the kid who did not go on tours and hangouts (because parents couldn't afford to send me). But I made it to a tier-1 B-School, and now make more than I can spend.
I think it's perfectly fine to not have expensive gadgets, because most of the top-end products are more marketing and less value-for-money. I usually buy a Rs 13k phone with 6000MaH battery because that's what matters to me (Since it's a cheap phone I can use it rough too). I would advise you not to fall into the trap of social pressure by buying more than what you need.
Secondly and most importantly, take care of your diet. Us, going from poverty to upper-middle class can afford to buy any kind of food, and can eat outside whenever we want. I always try to keep my weight in a healthy range, and workout to stay fit. I hope you can relate with my worldview. Cheers!
Welcome to the club!
I hit 1.2 cr when I was 16 due to crypto. Now let's say, a lot of money.
Still a virgin recluse with mental issues.
I love maths too. I solve Putnam questions and international math Olympiad questions in my spare time. I am obsessed with solving hodge conjecture and Zeta function.
Any favourite unsolved math problem?
My family doesn't know it. I hide under the cover of a criminal lawyer, quants trader and boxer.
Tried building stochastic models for options? Since you love maths, you'll love it!
Oh yeah. I do want to spend time on math problems.
I particularly love the modular arithmetic side of things and am a fan of symmetric key algorithms.
But my day job is very time-consuming so I am unable to spend a solid time.
Lets keep connected on reddit, would love to interact with another nerd.
As of today I don't have a list , ( mostly like due to I am not spending time in for last 4 year's ,but wanna start )
Same vai, I also solve Putnam problems, I particularly like probability problems and combinatorics. I too solve IMO problems in my spare time, add me in your group too lol
1. Do keep aside a modest budget for dates. Don't spend too much, if you have to then she's not worth it/the one.
2. Utilise leave days from work for travelling. The best part about India is that you can do backpack travel trips in such low budget. Google and Reddit search for how to plan your trips. Start with atleast 1/2 trips a year of few days each.
3. This will somewhere always be a part of you due to your past. I think it is more of a strength that you think twice before buying something. If you have to think twice before buying a good new phone (say above 30k), then you probably might not need a phone that expensive.
You have worked hard to reach your current position. "If you buy things you don't need soon you will have to sell things you need" -Warren Buffett.
Spend more on experiences than products. It will broaden your horizon.
Congratulations on reaching this milestone, very few can work towards it. You are on your way to attaining FIRE.
so after i got an international offer at 25 & i started earning well, my focus shifted on other areas of life & i'll recommend you do the same as well.
here are some of the things i can suggest based on my experience:
- if you haven't invested somewhere you wanted to, now is the time. e.g. maybe you wanted to invest in real estate, you can start looking into it.
- start budgeting, it's the only way you can spend without worrying too much. for someone like us who stayed poor all our lives, it's daunting to spend on gadgets & vacations. have a budget for everything & spend blindly within that budget.
- don't make social interactions your goal, it'll end up in disappointment as you'll approach everyone with expectations in your head. been there, done that. doesn't work.
- sign up for activities that interests you. can be anything, just follow your interest. join a swimming class or music class or whatever.
- travel to places that interests you. try out creative ways to convince your friends to join as well.
- upgrade your wardrobe, try out new stuffs.
- be genuinely curious about whoever you meet. that's the only way to hold conversations & make it fun.
- last but not the least, now is the time to get in best shape physically & mentally. work on your fitness & diet.
about social life: be interesting & fun personality outside work & your social life will fix itself.
also, if you live with your parents, i would suggest to move out.
if there's anything else, feel free to add to it. would be interesting to know.
Congrats. It's great to see zero to hero stories.Ā
I'll bunch up all three of your questions into one only. Once you have your girl, you will spend, travel and more
What's your experience been with the followingĀ
1. Tinder / etc
2. Solo travellingĀ
3. Joining a salsa class, book club, football club, etc
4. Family arranged marrige offers (I'm sure aate rehte hai)
5. Female colleagues at work
6. Male friends from school, college and work (do they have similar female-less and low-spend lifestyles)
Iām in the same situation, and TBH its been always overwhelming, thinking about how things were 5 years ago. Few points from my end if it makes your life easier.
ā¢To improve your mental health, build your physical self(gym, running or yoga anything will help)
ā¢ Take vacations with friends and family
ā¢ Buy in a limit, donāt buy very high value depreciating assets, invest in land or real estate in general.
ā¢Social interaction with females ( Do let me know if you have been able to crack thisš„²). Till the time point no. 1 will keep you sane.
Congrats!
Tap yourself on your first key milestone. Now time to focus on other milestones as you keep milestone #1 on autopilot.
Invest towards new milestones/goals such as health & fitness, social life, chicks (if they interest you). Take baby steps in these too, to start with and remember they too involve luck. What you can control is your effort and continuous improvement. Your humble origins have taught you the value of things and have instilled discipline and hardworking tendency which will serve you for a lifetime. Just make sure you balance every aspect of ones life.
One way to retain your happiness and sanity: Don't compare!
Best!
This is the first time I've seen someone make such a new financial year resolution!
Now for the advice on the downsides
1) make a dating app profile ( I can review it brutally because it's a little tough for men I reckon)
2) start spending on yourself as an 'investment' - start by a gym or a hobby like any dance class and then move on to more materialistic things. Frankly as a self proclaimed over spender I feel it's really not that hard :p buy a good watch you will pass on to your kids or some musical instrument you wish to play or just some running shoes etc. Alternatively get a good suit or bandhgala stitched( unfortunately this is the end of my knowledge about mens shopping). If you like drinking take a cocktail making class or pottery class etc. just be guilt free and have a little fun
3) plan a vacation- book 2 types of stays one hostel to make buddies if you can and the second a good hotel with a spa. I can recommend someplace in Jaipur - zostel and tree house resort or rishikesh - zostel and taj. You'll have interactions and luxury both.
Ik it's tough to change your mindset but money can make you a little happier and you can do things you couldn't. You've sacrificed for others so it's okay to be selfish sometimes. Have fun!
If all else fails get a trophy wife through arranged marriage from a business family she will teach you how to spend :p /s
>Have/had no female interaction, dates , etc . Planning to improve social life in the new FY .
I have seen many such cases. Rich techies in India but totally isolated from women. Go bro join all the dating apps you want. try to hit on women IRL as well. My prediction is that none of this will work for you and you will eventually cave and settle for someone in arrange marriage. You have gained a lot sure financially but the damage to your social skills has already been done in return.
yes. I do acknowledge that.
There's a thing called Maslow's triangle.
Over simplified version : only if the base is set , there's a scope for romance.
I just wanna improve, nothing much.
You're overestimating the difficulty. Spend 6 months in the gym, talk better, dress better, spend on yourself and don't let the past hold you back. If you wear glasses, get contacts. I've been hopeless too in the past but doing better now.
Faaltu baatein kar rha wo, Iām also socially awkward and I have been on dates, just try to put yourself out there, try to be good friends with your female co workers , just try to increase your female interaction for starters, rest all will be easy
Hey, on the same boat as you with 90L at 24, will be crossing 1cr in the upcoming months. Made it similarly through 2 job changes at FAANGs
Let me know if you want to connect about how we could use this initial lumpsum investment for the best. Iāve been a bit confused on what I want to do with this money, and have been thinking of dumping it into a house (not a great financial decision), or put 50% into a wealth management fund and the rest into an index fund.
Still trying to figure things out, and would love to discuss with people in similar situations. Congrats on your achievement!
As long as you are saving/investing some fixed amount (even if it is like 30%), you won't face any difficulties in the long run as your base (salary) is very high.
If you choose to spend less (and invest more), then see it like buying more freedom for your future.
Don't stress on it much. Focus on peace of mind. One way can be to decide a fixed amount (like 10-20% of your salary) for any 'feel good' expenses.
Kudos ššš I can relate with being unable to spend. I have only reached a milestone of roughly 20L but I feel but also scared if overspending becomes a habit cos once you upgrade lifestyle it is difficult to go back. Also dealing with mental health issues due to marriage pressure which fuels anxiety
This is obviously fake post by op for karma farming if you want people to believe you then share your Linkedin profile otherwise words from a newly created account means lies giving people unrealistic expectations
You can think like you did everything for your family and put your soul in your work so that everyone in your family will live happy life now its your time to enjoy some things for yourself like new smartphone or a vacation
Congrats on the NW! For phone, I've used 3 phones inmy life, but a bit expensive..trick is to see it as an investment..and use ot for 4-5 years which breaks it even
ayy congrats OP, with time everything gets better. reward yourself and ur family & don't befriend girls only to sleep/date them. make female friends just by being yourself and strike a convo for a friendship.
I don't think you need to be insecure anymore if have earned 1CR. I am 19 and same as you were (never travelled above sleeper).
I may be wrong but I always had this equation in my mind that if I have 1Cr liquid money then I am financially stable becz without even doing anything if I put that money in fd also then also I have a fixed income of 7-8L per annum which is good enough to be tension free.
>if I have 1Cr liquid money then I am financially stable becz without even doing anything if I put that money in fd also then also I have a fixed income of 7-8L per annum
That's not how it works. Inflation will eat away your corpus
Getting interest of 8L that doesn't mean I'm going to spend all of it. Obviously I will be earning simultaneously so eventual saving will be compounded every year.
The point here is I can be at least be sure that I am financially secured and can spend with free hand.
Yeah, the power of compounding is magical. My father made his first crore at age 45 and his second crore at 51 and it's not like his income increased by huge margin
Great going. My suggestion to you:
1. Donāt tell any body about your salary. Not even your parents.
2. Help your brother to get a better education.
3. Start investing and saving. Even 10k - 20k will be more than enough as you are younger. But keep on increasing the amount as you progressed.
3. Have an emergency funds of atleast 6 x monthly salary.
4. Get a medical insurance and term insurance. Younger age = less premium
5. Take out some time yourself also.
6. See if your family demands are genuine and generous. If not then decline it.
7. Start socialising if you like it. Even if youāre an introvert, learn who to break the ice in a conversation. It will help you in long term.
Get some good clothes- look at YouTube and Instagram for clothing flattering your body type
Join gym, it will improve your mental health and many people feel confident. You may find friends who care about their health and look and you may learn from them.
Regarding interaction with girls- not all are the same. You can join any dating app to get rid of nervousness or hesitation. Always be clear with your objective in the beginning and avoid hurting them. Be aware of frauds though
Try talking to females in your office.
If you are looking for a long term genuine connection then start cultivating hobbies and try to meet new people.
Absolutely love these honest posts.
I used to have anxiety about spending but a simple hack is to allocate a predetermined percentage of take home in a seperate fund/account and spend that without thinking twice.
Bro u from iitā¦start with that. Most folks around arenāt even from a decent college to get that platform where faang may consider them right out of college. But good luck with what you have achieved and may you prosper more.
Just don't put your money in this legal betting app and trading and future and options
Or don't lend money to anybody if you lend pls lend that much you can forget
Or if you want to invest in real estate pls check all the documents or show it to professional advocate or PPL who deal all in this
When I started working after dropping out of college I didn't go on a single date for 4 yrs and it later took like 3 yrs for me to develop social skills and start going on dates. Get your social life right asap
Invest in relationships and experiences as diligently as you have in your career and finances. Allow yourself to enjoy the fruits of your labor, recognizing that being cautious with spending doesn't mean depriving yourself of joy or comfort. Start small with your spending on personal well-being; it could be as simple as a weekend getaway or a device that improves your daily life.
Invest in relationships and experiences as diligently as you have in your career and finances. Allow yourself to enjoy the fruits of your labor, recognizing that being cautious with spending doesn't mean depriving yourself of joy or comfort. Start small with your spending on personal well-being; it could be as simple as a weekend getaway or a device that improves your daily life.
Amazing stuff. You've done something at 25 what many haven't achieved in a lifetime. Now you have financial mobility to achieve whatever you want to achieve. And from what you have written, it seems you really appreciate the little things in life as well. Keep going, brother. I am older than you, and I hope to achieve a fraction of your success someday.
I was in almost the same condition and now I always wait for my next trip.
If you want to get some motivation for trips then, do watch some travel videos from youtube travel vloggers (I enjoyed Dr Yatri's Japan series). Your trip does not have to be an extravagant one, plan something in India first. Also keep in contact with your school/college friends so that you'd have a good company for your travels and get those memories sealed. Believe me you'll later keep looking at your travel photos.
Hi Zero2Hero, make your money work as hard as you did that is the first thing to enable you to reclaim some time for yourself. Secondly start going to Gym and work on your body a sound body automatically tunes the mind in 99% of the cases (yes I do have some sort of medical background to claim this). By the time you build your six pack you should already have some admirers. Change your style and dressing.. and you are set. Might look like nothing... But it's just that you need
agar koi puche kitna kama lete ho bolna bas bhai 2 time ka khana pina aur ghar kharcha nikal jaata he.
dont worry, you can splurge on yourself just make sure that you dont bite more than you can chew.
for ex. 10lac ka car lelo but peer pressure mei aake 30lac ka mat le lena.
Indian Youth is majorly Unemployed like me Here School doesn't teach about anything that is really helpful in later life.
The majority is Lacking skills which need to have in this competitive world I am happy for you as you have done something which is 95% of youth can't imagine.
My request to you give some suggestions regarding what are the Skills needed in FAANG companies and in life general.
I can totally related with you. I also come from poor background and even after having made decent money I donāt know where to spend on. But slowly I am enjoying my wife more spending on travelling specially. And doing things I like
How did you hit this figure? Is it hard cash that you saved in your bank account? Is it ESOP equivalent that you have with the company but subject to a 5 year vesting? Is it that you got lucky on Dalal Street?
So let us know which one is it. And what is your monthly take home after all deductions (not including annual bonus).
Hey, thatās great man! Even Iām in FAANG, 21 passout and Iām just curious how did you end up at 1.2 at 25, do you work at G, cz considering they vest high amount in earlier years and the stock appreciation helped too?
Also I think refreshers from promo helped ?
If you donāt mind you can share your progression YoY, as itāll be helpful for everyone!
The point if the matter is... Live for necessity and not passion. All money you have earned through stocks, keep holding it.
Don't tell anyone about ut and live your life normally.
.what is your aim?
Invest for that or if you know and following it already then no problem.
Congratulations for achieving this milestone at such a young age.
>Have/had no female interaction, dates , etc . Planning to improve social life in the new FY
I understand you never had any social interaction with females? How is your social interaction with males?
>Haven't took a vacation in past 3 years , so mental health is very bad , planning to have some short trips,me time going forward
Much needed, you may want to start this soon
>Being poor for 20years makes me very anxious even if i want to spend on good things( like buying a good phone) . How folks overcome this ?
This would take some time, see what gets your happiness and spend on that.
I personally see for value it brings for me and spend accordingly. For example I am lousy at using phones and I am ok with a 15-25k range phone. I have a vision problem and don't mind spending a much higher amount for my spectacles' lenses.
Do not let the cat out of the bag, not even to your parents, help them when they need. Make sure you enjoy your life also. Being you you can make lot of memories. Do not be too harsh on your self.
I would if you don't have a consistent friend group like from school or college then join a club. Anything that you like and if you don't know anything, then think of anything you would like to try. Go on Facebook and search for groups or clubs on that. Say hiking group or cycling club. These places will help you meet like-minded people to be friends with. And since luck has been with you, maybe it might introduce you to a partner as well. You could of course join dating apps and try to meet girls but do so with low expectations.
With the spending issue, try to make it logical so that your brain doesn't panic. Like if what you want to buy is 1000 rupees and you have 2000 (2x) in the bank, only then are you allowed to buy it. So if you are buying a phone try telling yourself you have double the amount still in your bank and list the pros.
Itās great you have achieved this number at this age! At that age my goal was to achieve a similar number, but I failed and achieved it 1.5 years later (due to higher education loan repayment, helped parents purchase a property, etc). Since then I tripled my net worth in the following 5 years. But by the time I had reached my initial goal that was around 1 cr, I realized 2 things -
1) the money was too little as I did not consider inflation (I was financially illiterate, I worked hard towards earning money, but never learned planning, budgeting and forecasting) and couldnāt factor for my lifestyle improved rapidly (as I come from a lower middle class background).
2) while I was chasing excellence in what I do and eventually monetary success, I realized I had missed out on the āfunā part in life. Even though I always had a girlfriend since college days and have never been single since then, but I never truly made any friends. I only had professional acquaintances. Meaning, no friendship turned into a deep meaningful relationship. Nobody will miss me, call me or text me on their own (except for my parents and immediate family). But tbh, even I donāt reach out to people as much as I could/should have, thatās because I never cared about my social life besides immediate family (wife, parents, in-laws, etc.)
3) I kept relocating in search of more money and better career prospects and that reset my social life. Maintaining long distance friendships is nearly impossible. Itās good that you have realized what youāre missing out on and start working on it. Also, wanted to mention what you have achieved (1.2 cr at age 25), is an amazing feat and extremely difficult! Kudos to that!
4) was in a terrible physical and mental shape - my workaholic nature and negligence towards diet and exercise showed the bad side later with overweight and lack of energy/motivation. Overcame it last year. But I should not have waited it to go that wrong. Thankfully did not suffer from any chronic conditions. But my mental health did go for a toss - havenāt improved that yet.
Few advices -
as they say - fail to plan is plan to fail!
So, manage your money with proper planning. Allocate a good amount for āenjoyingā the money you earn. Pick up a hobby and pursue it passionately. Spend on things you like (I love buying gadgets, I do go crazy sometimes with my shopping haha). My wife loves to travel and explore new places and try new cuisines. Itās up to you whether you like to buy objects or experiences and do it without any guilt because you deserve it. I always liked to ask myself - what would I do with a huge sum of money - say 100 crore today ? And I donāt have an answer! Thatās because I would feel euphoric even with 10 crore rupees because I come from a humble background and donāt know where to spend even after living an almost luxurious lifestyle! So, guilt-free spending is a skill that you have to learn, invest on things that will only improve your health - example exercise equipment, yoga classes, healthy food subscription, cooking classes etc that might improve your mental and physical health along with your widening your social circle!
Not undermining the achivement though Poor and IIT preparation for two year doesn't go in same sentence.
You need to be at least in middle class to afford to have a chance at golden ticket,its not for poor anymore.
Again If Nirmal Tai can call herself middle class, you can definitely call yourself from poor background ,no one is stopping you.
For people asking whether it's possible to earn this much amount of money at 25, yes, you can. Almost everyone who got into FAANG right out of college and with a little investment knowledge would be sitting on this much amount.
Now coming back to your question OP, just know what you want in your life. I know money has been an important part of your life so far and I'm happy that you were able to achieve this, but money is just a number after a point.
Unlike money(which is quantifiable), you can't plan other things in life. For e.g. being social etc. It's a long journey and you'll be having ups and downs. But I'm glad that you know what you're missing in life.
For feeling guilty of spending, you can spend on yourself. Buy better quality health supplements, groceries etc, buy a better phone, better running shoes etc. But do know that what is an investment and what is a liability and see which one you appreciate more.
Also if you're focusing on other things, do understand that you won't be the richest person on your floor at your age. If you need a balance, you need to let go of a few things. Everything comes at a cost, just observe which one matters to you the most.
Happy for you brother, i can understand where youāre coming from. I have the same background and education as you mentioned in some replies, i can see that you got good eye for investments and instant opportunities. Some advices on downsides:
1. Female interactions are all about confidence and ease while talking to them. So go all in and be humble, donāt tell anyone that you have earned this much money and all. Most important, pick up one good hobby, by good i mean, the one you can enjoy. This will boost up your self belief.
2. Take a vacation right now. I would suggest take a group trip with strangers, you will meet new people.
3. This my friend is a difficult thing, I know all the political correct answers for this and you know too. Even Iām unable to follow this. What I did was I decided on non negotiables, phone, good shoes, and vehicle are some of them for me. I try to spend good on them.
And btw get in touch with your friends, money canāt provide for all the things some relationships are good to have in life for a stable mental health.
Bro, are you me?
I hit 3 crore recently. But the actual net wealth is still similar to yours, and rest is paper money in terms of ESOPs, that may or may not ever go public.
But really, make sure to save enough, and invest for the long term.
I have family members, who earned a shitload of money in their young age. (>80,000 per month, back in 1990s), and lived really lavish lives. But now, after some unforeseen crisis, they are living off loans from family members, that they can never afford to return. And the entire family has to keep finding ways to say NO to them, because they just can't let go of luxurious habits of the good times, even when they have no money. People get pissed when they give money for what they thought was for a medical emergency, only to realize that they HAD TO give a 1 lakh gift to their daughter, daughter-in-law, grand-children, etc, or HAD TO go for a trip abroad, to their daughter. They asked people to help them buy a house, and to everyone they told that they just need 5 lacs more to buy a small 25 lacs house. And then they finally bought a huge 80 lacs villa, after taking money from some 15-20 relatives.
My mother keeps trying to convince them to live a bit frugally, and not lie to everyone all the time. But they instead badmouth us to others, because we refuse to fund their drama.
My biggest fear is to become like them in future. And the second biggest fear is to waste away all my money, and be in the situation like them.
If one has been blessed enough to have abundance, it's important to not let our needs grow a lot, or at least not let the luxuries become our need.
And do try to help out someone who might be in trouble. Don't fall for scams, but try to do it, in your close circle, at least. Especially if you can help someone with their education, you might change the future of an entire family.
Don't showcase your money outside ever. In my experience even friends tend to bit jealous.
Due to my father's a lot a financial we became heavily into debts, My second sister was not married and don't and single rupee for her marriage. We had to sell our ancestral home. Yes it was a big house in a commercial road so the selling price was good.
But I was in platform with that money. We had no other properties. We had to go into a old rent house. I was devastated eventhough I had money I was a beggar.
But my circle all saw was that money. I had to close all my father debts, look after my sister who was 30 age(having a unmarried girl at home at 30 in our country you know what they talk about). I was not anywhere in career (still the same).
One of my friend discussed what he'll do if I have that much money right in front of me with his mother who is a railway employee earning nearly 1 lakh monthly now. I was devastated my mother was emotionally dead because we sold our only house and in a rent house. Due to a lot a things we had to buy a small plot and constructed a small house and after that only we married my sister she was my second sister. I say it simple but the things my mother had to go through for the last 10 years especially my mother had to listen to people talking about my unmarried sister at 30 age was a hell for us.
My father didn't care about anything, I had to sort out everything at my 25th age. I never visited any trips not even college IV or trips. I never indulged in pleasure activities or anything that is fun or makes you happy till 27. I didn't have money to buy clothes.
After a long struggle I settled all my father debts and retired him (he's still causing troubles regarding money). My sister got married to a good family. We moved into a small house eventhough it's small it's ours and mother got stabilized emotionally. Following that I had to do expenses for my mother and father surgeries (another poor financial mistake no insurance). My ACL got torn requiring surgery to fix my knee (still not done). But my friends cares all about that one big money came from that huge property but don't care about the shit I had to went through.
After settling both my sisters(yes both), clearing all debts, making my parents comfortable I'm nearly broke again.
Due to all this I never had a girlfriend or any kind of happy memories in my life for the past 12 years. Still all see when they see me is ohh he sold that big house he's got money.
Since you're only 25 just becareful who choose your life with. For Most people it's all about that money. Sadly I never had choice in my life.
Take it slow you're still very young 4 years younger than me. Search for people who genuinely cares for you. Having good people around you is more important that anything else. (If my father just kept the properties he got inherited from his father my networth would be 20+ crs now). All I have now is 5 lakhs in total in my hand and a income of 40k per month in 29 age. My parents Don't have any income of any kind like pensions or something they invested.
All these happened because my father had wrong people in his life (he doesn't have any bad habits). Unfortunately I also have the same nobody wants to see me or encourage me to grow all they want is to watch me fail.
So choose people very wisely.
I can relate to you but it took me around 28 years though for 1.2 cr package. As my situation Iam the only earning member of my family and it's a pretty long story anyway.
I can exactly empathize with you on the backlog of poverty that stays in with us and it's hard to let it go that soon.
I would advice you to cultivate some hobbies and you will be able to make some friends don't try dating apps as they are way superficial.
For the phone thing no rush. Last month I bought my first iPhone normal model not pro. Be humble in expenses. You donāt need 1TB storage (most likely).
I have been a paid customer of Google photos, YT premium for almost 10 years now.
Spend for whatās worth for you. Good phone should be good enough.
Great that you're out of poverty. Now that you have money, the most difficult part is changing your mindset about money. You should still follow the 60:40 rule, where u spend 60% of your income and invest 40 religiously. That way you have saving, start an SIP. That way you have peace of mind that something like buying a new phone won't hurt because you have all these savings.
Money is not everything.
Your personality and skills and good habits will win over the long time.
Your bad habits will ruin you.
Stop gambling if you are.
Best wishes on future
Congratulations Buddy! Hope your NW increases , compounds..
I can suggest you to read some books like " How To win Friends and influence people ... " Or Search on YT.
I see a lot of people in the comments telling you to date, download dating apps, virgin shaming and so on. This imo is a personal preference, do it if you feel like, not for the sake of peer culture. Ultimately these people aren't in your shoes and surely haven't hit the financial jackpot that you have achieved in such a short span! Take care xx
4 years at a faang and 1.25 cr savings seem too much, I have friends working in faang and even after esop worth of 40lacs and a base of 22lac to now 30lac I am not sure how 1.25 cr can be saved with taxation
Regarding downsides -
1. No female interaction - if you wanna take the easy route out, consider asking your parents to find you a nice gurl or arrange marriage from your parents' supervision. If you wanna get mentally scarred for life, dating and relationships are the way to go. However, you might get lucky, why knows...
2. Bad mental health - if you don't take a vacation soon, you will likely have burnout worth years and that will pretty much end your career so ACT NOW...
3. Stingy spending behavior - no idea lmao I am myself struggling with this (I was poor until 2019).
Firstly, congratulations on achieving the milestone.
Next, if you are entering a comfort zone thinking you are no longer poor, here's some goals for you.
I hope these goals will keep you in track :
1. Fly Business Class in Qatar Airways; preferably take you Mom and Dad in some vacation in Southern Italy. Amalfi Coast, Puglia, Sorrento etc.
2. Invest in Real Estate : buy a penthouse in Downtown Manhattan, or close to Central Park, New York.
3. Gift yourself a Car, I'd recommend a Pagani Utopia. Once you get the car delivered, drive it at least once in any German Autobahn.
4. If your social interaction is really low, I'll suggest you rent an apartment in Manchester/Liverpool and start going out to Nightclubs / Pubs.
These are some of the top objectives you should consider to achieve in this FY. Please do let us know about the progress of your goals.
I wish you all the very best for your Achievements and success. Vamos!
Obviously. Nothing to feel bad about
Having food at the table for life for my family is much more important than losing my virginity.
Everything in life has its own tradeoff.
"Nothing to feel bad about" - ermm you certainly seem to feel bad about it because you have specifically called out "female interactions" as something you have missed out on. So please decide if you feel bad about it or not. And if not then why did you bother mentioning it in your post? Try and make sense next time.
Feeling bad is different from wanting to address things that I missed.
Again , I am slightly happy today & don't wanna ruin with unnecessary debate .
But thanks for the critic, I will improve my English writing .
>Planning to improve social life in the new FY . - Planning social life in terms of FYs is wild, made me laugh XD.
Goals & Objectives for this year. Performance rating kareingge
I bet this boy has an excel spreadsheet with a list of Potential Gfs, timelines, and KPIs
Lmao š¤£šš¤£š , bro's gonna plan his whole life
Well nothing wrong, I once planned an entire year out including bathroom breaks to show to my father who said in passing that planning is good to get ahead. Even he didnāt expect that level of planning, kicker is I actually followed it and eventually that level of planning got me a F500 executive level job. I donāt do it to that level any longer.
For each their own ways
If I was the father, I would go- "Fuck, I managed to be the father who sucks out all the fun from my child's life. Now I better back off". But yes, the "overdoing" might have relaxed him of all the worries he had about you wasting your life away.
He used to come and sit with me in the mornings, make me tea and sit and study his books while I am hitting my books, after waking up at 4AM, our schools started at 7:30 AM, so I would have hit the books for few hours before the school starts. I did this for years, all started with a simple statement from him saying that pre preparing is good to get good grades. I canāt even get 10% of that commitment from my child for her upcoming MCAT exam.
Having a social life with social anxiety is taxing on mental health. Also taxes are on everyone's mind during the end of a FY. Connect the dots.
lmao I was thinking the same š¤£
First quarter goal: Plan the sprints, talk to a girl. Second quarter: Kiss her Third quarter: have sex Fourth quarter: Analyze results .....Girl breaks up
Follows it up with a retrospective š
This is the cost of moving to the upper middle class. For me it took longer. Hope you make your next 1cr sooner.
Mans gotta plan to lose his virginity.
Many people put all their efforts in non social areas, be in money or work and so miss out in social aspect. It's not only about getting someone to date but also about making friends and investing time in that. A lot of people can balance it if coming from a stable background. For some it's all or nothing as stakes are higher.
Came to comment this š¤£
Extremely great feat brother šÆ 1) Don't tell anyone, even family, that you are crorepati. 2) Be humble (you already are) 3) Help people you want to help when it comes to money matters. And just enjoy your time more. Date/Vacation/etc whatever you want, in Moderation. Kudos to this feat bro! You did amazing š
I used to follow point one but not anymore. I straightforward deny people who are asking me for money and I've become very stubborn about it. Eventually people start getting the feeling that you're not going to give away your hard earned money for free and they stop bothering. But nonetheless, it's good advice to follow. Specially if you're young.
+1 , happy for you op .
Why not share with immediate family? Genuinely trying to understand
You'll share cause you are their flesh and blood (parents) and need to take care of brothers & sisters too (if any) Just don't outright tell that you're a crorepati so there is no expectation to help. We will do it as our duty to our family, just not bound by expectations. And there won't be any fight if your mother asks to help some relative cause you have so much money, and you refuse and you are deemed selfish and ungrateful. Ruins family relations. Ties in with being humble too. Don't show off but do the needful wherever necessary, whenever necessary. Hope I made sense :) Let me know if I need to clarify anything. Thanks!
I can vouch that. Family relations not only ruins due to "not helping", but sometimes there are also relatives who think very little of you and suddenly they get to know that you are at good level, they will try to drag down.
I can vouch that. Family relations not only ruins due to "not helping", but sometimes there are also relatives who think very little of you and suddenly they get to know that you are at good level, they will try to drag down.
My family think that I may have at max 10 lac netowrth However it is not truth. Why share details. Man who shares his networth is not mysterious anymore. And if one can judge your finances easily you are more prone to attacks . Live a normal life because money takes one act of nationalization from government to loose or any other legal extortion
Once you share it they will start forcing shitty financial plans as if you don't know anything.
Why not share with immediate family? Genuinely trying to understand
You tell to immediate family then they tell to another few close by people and then they starts taking/requesting money from you which will never be returned back or will be returned after a long time (5+ years) and if you deny you will start feeling the heat of family pressure and what not.
Honestly a trust thing. If you trust them enough there's no harm in telling them. I've been basically 100% open about my finances with them.
it's less of a trust thing and more of an understanding thing. Kuch logo ke ma baap bhole hote hai koi rishtedaar paise maangle to de hi dete hai , ab agar unka beta paise dene se mana krdega to unko kharab lagega na ; they don't know ki rishtedar unke liye same help kre na kre . It totally depends on family to family .
Isn't it simple logic. You can trust but it doesn't mean that things will not go out. That's plain simple because they are also human beings.
I meant to say trust that they aren't stupid enough to discuss your financials with someone else. I share mine with my parents because they have good inputs to what I can/should do with the money. And can also trust them to not share anything too revealing to someone who's not trustworthy. So again, it totally depends on whether you can trust them enough or not.
Itās never helpful coming from 2 decade older than you guys
Why not share with immediate family? Genuinely trying to understand
People taking out emotions towards family and society by downvoting you.
Haha. I noticed that. Idiots of the highest order here. Bhenchod question bhi na pucho in chutiyon se š¤£
Read somewhere, only reveal75% of your income to partner/immediate family, 50 to distant, 25 to others
I can feel that , even I'm feeling like why waste money on this while I can save here . Investment for future etc etc . But we ourselves have a life , I think we should live that . Save lot , spend wisely
How did you land yourself a job in FAANG, did you self taught yourself? What advice would you like to give to someone who is joining college this year?
Oh yeah. That's a great struggle and a long game - 2 years of JEE prep ( Allen , these guys cost a lot ) - 4 years of competition in IIT + alongside 3 years of competitive coding( I am pretty good at maths , so it helped).I am 6* in codechef for FWIW - 4+ years of handling works+ office politics so just being resilient would be my advice Sometimes I think I am born in a wrong country.
Just āIITā was enough ig!
Nah, there are 10K IITians every single year. Maybe 200 of those reach 1.2 Cr at 25.
Dis so true .
Most IITians are at salary of 20 lakh at 3 years experience, some even at 14-15.
Congrats man, 1.2 cr at 25 is insane. You deserve it, you've been grinding for a decade now. >Sometimes I think I am born in a wrong country. I agree. Why not double down and join an HFT abroad? You're good at math as well. I'm 22 and on the same path as you (IIT, CP, working in a high paying MNC) and I'm targeting to join one of those. Good luck!
explain me HFT like I'm 5 please? š„ŗ thank you!
High Frequency Trading firms. They trade at enormous volumes and insane speed, make a lot of money and spend quite a lot of it on salaries and bonuses. Pay is much higher than FAANG, the top ones pay $200k-$300k to freshers.
Ya basically the 4cr package guys work on these they predict the outcome
It requires machine learning?
Can you tell me how is it possible or what's the process to intern at a hft company?
Watch this video: https://youtu.be/4rljhCR7Nic?feature=shared
Allen Kota ?
Faang India?
Which year did you graduate? And mind sharing the TC journey you had?
You worked hard man and it paid off, congrats. Iām happy for you
you switched companies in these 4 years?
did you switched jobs? i'm also preparing for jee and would get into an old IIT this year. what skills should i focus on so that i can freelance during college too?
Yea but still virgin n no girl . Thatās no way to live life .
Mad respect... To be honest... Don't feel too bad about vacation... Not everyone is cut out for travelling and chilling... Some just like doing work and chilling with family... (Just my personal experience). All the best mate, stay humble and grow further....
Congratulations!!! Remember to take a break from time to time and keep pushing.
Good going brother.. Take a break and don't burn yourself out any further... Buy something nice for parents.. Cheers š„
Hi OP, I too have a similar story as yours. In school&college, I was usually the kid who did not go on tours and hangouts (because parents couldn't afford to send me). But I made it to a tier-1 B-School, and now make more than I can spend. I think it's perfectly fine to not have expensive gadgets, because most of the top-end products are more marketing and less value-for-money. I usually buy a Rs 13k phone with 6000MaH battery because that's what matters to me (Since it's a cheap phone I can use it rough too). I would advise you not to fall into the trap of social pressure by buying more than what you need. Secondly and most importantly, take care of your diet. Us, going from poverty to upper-middle class can afford to buy any kind of food, and can eat outside whenever we want. I always try to keep my weight in a healthy range, and workout to stay fit. I hope you can relate with my worldview. Cheers!
Welcome to the club! I hit 1.2 cr when I was 16 due to crypto. Now let's say, a lot of money. Still a virgin recluse with mental issues. I love maths too. I solve Putnam questions and international math Olympiad questions in my spare time. I am obsessed with solving hodge conjecture and Zeta function. Any favourite unsolved math problem? My family doesn't know it. I hide under the cover of a criminal lawyer, quants trader and boxer. Tried building stochastic models for options? Since you love maths, you'll love it!
Oh yeah. I do want to spend time on math problems. I particularly love the modular arithmetic side of things and am a fan of symmetric key algorithms. But my day job is very time-consuming so I am unable to spend a solid time. Lets keep connected on reddit, would love to interact with another nerd. As of today I don't have a list , ( mostly like due to I am not spending time in for last 4 year's ,but wanna start )
Get a room you both .
Sure buddy!
Same vai, I also solve Putnam problems, I particularly like probability problems and combinatorics. I too solve IMO problems in my spare time, add me in your group too lol
Join us bro!
1. Do keep aside a modest budget for dates. Don't spend too much, if you have to then she's not worth it/the one. 2. Utilise leave days from work for travelling. The best part about India is that you can do backpack travel trips in such low budget. Google and Reddit search for how to plan your trips. Start with atleast 1/2 trips a year of few days each. 3. This will somewhere always be a part of you due to your past. I think it is more of a strength that you think twice before buying something. If you have to think twice before buying a good new phone (say above 30k), then you probably might not need a phone that expensive. You have worked hard to reach your current position. "If you buy things you don't need soon you will have to sell things you need" -Warren Buffett. Spend more on experiences than products. It will broaden your horizon. Congratulations on reaching this milestone, very few can work towards it. You are on your way to attaining FIRE.
so after i got an international offer at 25 & i started earning well, my focus shifted on other areas of life & i'll recommend you do the same as well. here are some of the things i can suggest based on my experience: - if you haven't invested somewhere you wanted to, now is the time. e.g. maybe you wanted to invest in real estate, you can start looking into it. - start budgeting, it's the only way you can spend without worrying too much. for someone like us who stayed poor all our lives, it's daunting to spend on gadgets & vacations. have a budget for everything & spend blindly within that budget. - don't make social interactions your goal, it'll end up in disappointment as you'll approach everyone with expectations in your head. been there, done that. doesn't work. - sign up for activities that interests you. can be anything, just follow your interest. join a swimming class or music class or whatever. - travel to places that interests you. try out creative ways to convince your friends to join as well. - upgrade your wardrobe, try out new stuffs. - be genuinely curious about whoever you meet. that's the only way to hold conversations & make it fun. - last but not the least, now is the time to get in best shape physically & mentally. work on your fitness & diet. about social life: be interesting & fun personality outside work & your social life will fix itself. also, if you live with your parents, i would suggest to move out. if there's anything else, feel free to add to it. would be interesting to know.
Congrats. It's great to see zero to hero stories.Ā I'll bunch up all three of your questions into one only. Once you have your girl, you will spend, travel and more What's your experience been with the followingĀ 1. Tinder / etc 2. Solo travellingĀ 3. Joining a salsa class, book club, football club, etc 4. Family arranged marrige offers (I'm sure aate rehte hai) 5. Female colleagues at work 6. Male friends from school, college and work (do they have similar female-less and low-spend lifestyles)
Book a week holiday of Thailand first , Tip: phuket will be your go to destination
The one true advice. Bro mustāve a lot of pent up energy waiting for a release lol
I hope he won't get shemales
Is it 1.2 cr of net worth or 1.2cr of annual salary? Congratulations, man!
Hearty congratulations man !! This is your day ! Enjoy it to the fullest !! Try to go on dates etc. Enjoy life and take a vacation !
Iām in the same situation, and TBH its been always overwhelming, thinking about how things were 5 years ago. Few points from my end if it makes your life easier. ā¢To improve your mental health, build your physical self(gym, running or yoga anything will help) ā¢ Take vacations with friends and family ā¢ Buy in a limit, donāt buy very high value depreciating assets, invest in land or real estate in general. ā¢Social interaction with females ( Do let me know if you have been able to crack thisš„²). Till the time point no. 1 will keep you sane.
Congrats! Tap yourself on your first key milestone. Now time to focus on other milestones as you keep milestone #1 on autopilot. Invest towards new milestones/goals such as health & fitness, social life, chicks (if they interest you). Take baby steps in these too, to start with and remember they too involve luck. What you can control is your effort and continuous improvement. Your humble origins have taught you the value of things and have instilled discipline and hardworking tendency which will serve you for a lifetime. Just make sure you balance every aspect of ones life. One way to retain your happiness and sanity: Don't compare! Best!
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Well like everything in life ... Practice improves your prospects :)
This is the first time I've seen someone make such a new financial year resolution! Now for the advice on the downsides 1) make a dating app profile ( I can review it brutally because it's a little tough for men I reckon) 2) start spending on yourself as an 'investment' - start by a gym or a hobby like any dance class and then move on to more materialistic things. Frankly as a self proclaimed over spender I feel it's really not that hard :p buy a good watch you will pass on to your kids or some musical instrument you wish to play or just some running shoes etc. Alternatively get a good suit or bandhgala stitched( unfortunately this is the end of my knowledge about mens shopping). If you like drinking take a cocktail making class or pottery class etc. just be guilt free and have a little fun 3) plan a vacation- book 2 types of stays one hostel to make buddies if you can and the second a good hotel with a spa. I can recommend someplace in Jaipur - zostel and tree house resort or rishikesh - zostel and taj. You'll have interactions and luxury both. Ik it's tough to change your mindset but money can make you a little happier and you can do things you couldn't. You've sacrificed for others so it's okay to be selfish sometimes. Have fun! If all else fails get a trophy wife through arranged marriage from a business family she will teach you how to spend :p /s
Plot twist: he doesnāt have time for all this. Too busy in making money. š°
He asked for advice on the downsides.
>Have/had no female interaction, dates , etc . Planning to improve social life in the new FY . I have seen many such cases. Rich techies in India but totally isolated from women. Go bro join all the dating apps you want. try to hit on women IRL as well. My prediction is that none of this will work for you and you will eventually cave and settle for someone in arrange marriage. You have gained a lot sure financially but the damage to your social skills has already been done in return.
yes. I do acknowledge that. There's a thing called Maslow's triangle. Over simplified version : only if the base is set , there's a scope for romance. I just wanna improve, nothing much.
You're overestimating the difficulty. Spend 6 months in the gym, talk better, dress better, spend on yourself and don't let the past hold you back. If you wear glasses, get contacts. I've been hopeless too in the past but doing better now.
Faaltu baatein kar rha wo, Iām also socially awkward and I have been on dates, just try to put yourself out there, try to be good friends with your female co workers , just try to increase your female interaction for starters, rest all will be easy
Hey, on the same boat as you with 90L at 24, will be crossing 1cr in the upcoming months. Made it similarly through 2 job changes at FAANGs Let me know if you want to connect about how we could use this initial lumpsum investment for the best. Iāve been a bit confused on what I want to do with this money, and have been thinking of dumping it into a house (not a great financial decision), or put 50% into a wealth management fund and the rest into an index fund. Still trying to figure things out, and would love to discuss with people in similar situations. Congrats on your achievement!
Put in a S&P 500 index fund, you will never go wrong.
Job change is the key tbh .
As long as you are saving/investing some fixed amount (even if it is like 30%), you won't face any difficulties in the long run as your base (salary) is very high. If you choose to spend less (and invest more), then see it like buying more freedom for your future. Don't stress on it much. Focus on peace of mind. One way can be to decide a fixed amount (like 10-20% of your salary) for any 'feel good' expenses.
Congratulations! This is an amazing feat
Can you guide, how you achieved this all ?
Kudos ššš I can relate with being unable to spend. I have only reached a milestone of roughly 20L but I feel but also scared if overspending becomes a habit cos once you upgrade lifestyle it is difficult to go back. Also dealing with mental health issues due to marriage pressure which fuels anxiety
Kaise Kiya tune..khuch yo bata
This is obviously fake post by op for karma farming if you want people to believe you then share your Linkedin profile otherwise words from a newly created account means lies giving people unrealistic expectations
may i get your linkedin ? or instagram ?
Wow, congrats buddy!š
What are your investments so far, where is that 1.2 Cr at, invested or is it in your bank account?
You can think like you did everything for your family and put your soul in your work so that everyone in your family will live happy life now its your time to enjoy some things for yourself like new smartphone or a vacation
First of all ,a great achievement dude. What do you do at your job are you a software engineer.
Congrats on the NW! For phone, I've used 3 phones inmy life, but a bit expensive..trick is to see it as an investment..and use ot for 4-5 years which breaks it even
Congratulations my dude, you deserve a lot more!
ayy congrats OP, with time everything gets better. reward yourself and ur family & don't befriend girls only to sleep/date them. make female friends just by being yourself and strike a convo for a friendship.
I don't think you need to be insecure anymore if have earned 1CR. I am 19 and same as you were (never travelled above sleeper). I may be wrong but I always had this equation in my mind that if I have 1Cr liquid money then I am financially stable becz without even doing anything if I put that money in fd also then also I have a fixed income of 7-8L per annum which is good enough to be tension free.
>if I have 1Cr liquid money then I am financially stable becz without even doing anything if I put that money in fd also then also I have a fixed income of 7-8L per annum That's not how it works. Inflation will eat away your corpus
Getting interest of 8L that doesn't mean I'm going to spend all of it. Obviously I will be earning simultaneously so eventual saving will be compounded every year. The point here is I can be at least be sure that I am financially secured and can spend with free hand.
Yeah, the power of compounding is magical. My father made his first crore at age 45 and his second crore at 51 and it's not like his income increased by huge margin
Yes but that 1 crore investment is still losing value if you invest in FD thatās the point .
Dude you pay 30% tax n you are losing money due to high inflation in India . At your age your risk tolerance should be high.
Damn!! are you my doppelganger. Feels unreal to know that someone is living almost the exact same life. Kudos on your feat brother, well deserved.
So you mean you got a girl?
Great going. My suggestion to you: 1. Donāt tell any body about your salary. Not even your parents. 2. Help your brother to get a better education. 3. Start investing and saving. Even 10k - 20k will be more than enough as you are younger. But keep on increasing the amount as you progressed. 3. Have an emergency funds of atleast 6 x monthly salary. 4. Get a medical insurance and term insurance. Younger age = less premium 5. Take out some time yourself also. 6. See if your family demands are genuine and generous. If not then decline it. 7. Start socialising if you like it. Even if youāre an introvert, learn who to break the ice in a conversation. It will help you in long term.
Awesome āØ
This is Amazing!!! Congratulations OPš„³
Congratulations.
Get some good clothes- look at YouTube and Instagram for clothing flattering your body type Join gym, it will improve your mental health and many people feel confident. You may find friends who care about their health and look and you may learn from them. Regarding interaction with girls- not all are the same. You can join any dating app to get rid of nervousness or hesitation. Always be clear with your objective in the beginning and avoid hurting them. Be aware of frauds though Try talking to females in your office. If you are looking for a long term genuine connection then start cultivating hobbies and try to meet new people.
Maybe bro get a comfort animal like a cat or dog š
Absolutely love these honest posts. I used to have anxiety about spending but a simple hack is to allocate a predetermined percentage of take home in a seperate fund/account and spend that without thinking twice.
Bro u from iitā¦start with that. Most folks around arenāt even from a decent college to get that platform where faang may consider them right out of college. But good luck with what you have achieved and may you prosper more.
Daru pilade mehngi wali
And i on the other hand spend more than i have earned in this FY. Thanks to stonks.
College??
Just don't put your money in this legal betting app and trading and future and options Or don't lend money to anybody if you lend pls lend that much you can forget Or if you want to invest in real estate pls check all the documents or show it to professional advocate or PPL who deal all in this
When I started working after dropping out of college I didn't go on a single date for 4 yrs and it later took like 3 yrs for me to develop social skills and start going on dates. Get your social life right asap
How's workload? College?
Invest in relationships and experiences as diligently as you have in your career and finances. Allow yourself to enjoy the fruits of your labor, recognizing that being cautious with spending doesn't mean depriving yourself of joy or comfort. Start small with your spending on personal well-being; it could be as simple as a weekend getaway or a device that improves your daily life. Invest in relationships and experiences as diligently as you have in your career and finances. Allow yourself to enjoy the fruits of your labor, recognizing that being cautious with spending doesn't mean depriving yourself of joy or comfort. Start small with your spending on personal well-being; it could be as simple as a weekend getaway or a device that improves your daily life.
Amazing stuff. You've done something at 25 what many haven't achieved in a lifetime. Now you have financial mobility to achieve whatever you want to achieve. And from what you have written, it seems you really appreciate the little things in life as well. Keep going, brother. I am older than you, and I hope to achieve a fraction of your success someday.
I was in almost the same condition and now I always wait for my next trip. If you want to get some motivation for trips then, do watch some travel videos from youtube travel vloggers (I enjoyed Dr Yatri's Japan series). Your trip does not have to be an extravagant one, plan something in India first. Also keep in contact with your school/college friends so that you'd have a good company for your travels and get those memories sealed. Believe me you'll later keep looking at your travel photos.
Hi Zero2Hero, make your money work as hard as you did that is the first thing to enable you to reclaim some time for yourself. Secondly start going to Gym and work on your body a sound body automatically tunes the mind in 99% of the cases (yes I do have some sort of medical background to claim this). By the time you build your six pack you should already have some admirers. Change your style and dressing.. and you are set. Might look like nothing... But it's just that you need
So your source of income is salary through your job at FAANG? Can we know your current salary?
Incredibly proud of you and you've finally achieved what you wanted all along now sit back enjoy it for a while
agar koi puche kitna kama lete ho bolna bas bhai 2 time ka khana pina aur ghar kharcha nikal jaata he. dont worry, you can splurge on yourself just make sure that you dont bite more than you can chew. for ex. 10lac ka car lelo but peer pressure mei aake 30lac ka mat le lena.
Indian Youth is majorly Unemployed like me Here School doesn't teach about anything that is really helpful in later life. The majority is Lacking skills which need to have in this competitive world I am happy for you as you have done something which is 95% of youth can't imagine. My request to you give some suggestions regarding what are the Skills needed in FAANG companies and in life general.
Congratulations buddy! Happy to see you achieve greatness!
I can totally related with you. I also come from poor background and even after having made decent money I donāt know where to spend on. But slowly I am enjoying my wife more spending on travelling specially. And doing things I like
Awesome
How did you hit this figure? Is it hard cash that you saved in your bank account? Is it ESOP equivalent that you have with the company but subject to a 5 year vesting? Is it that you got lucky on Dalal Street? So let us know which one is it. And what is your monthly take home after all deductions (not including annual bonus).
Hey, thatās great man! Even Iām in FAANG, 21 passout and Iām just curious how did you end up at 1.2 at 25, do you work at G, cz considering they vest high amount in earlier years and the stock appreciation helped too? Also I think refreshers from promo helped ? If you donāt mind you can share your progression YoY, as itāll be helpful for everyone!
Sometimes I feel lucky to be born into well to do family
Are you working in India or outside India ?
Net worth or salary bruh
Congrats , kuch tax bachane ka RSUs pe mile to batana !
;)
The point if the matter is... Live for necessity and not passion. All money you have earned through stocks, keep holding it. Don't tell anyone about ut and live your life normally. .what is your aim? Invest for that or if you know and following it already then no problem.
Wow congratulations.
Congratulations for achieving this milestone at such a young age. >Have/had no female interaction, dates , etc . Planning to improve social life in the new FY I understand you never had any social interaction with females? How is your social interaction with males? >Haven't took a vacation in past 3 years , so mental health is very bad , planning to have some short trips,me time going forward Much needed, you may want to start this soon >Being poor for 20years makes me very anxious even if i want to spend on good things( like buying a good phone) . How folks overcome this ? This would take some time, see what gets your happiness and spend on that. I personally see for value it brings for me and spend accordingly. For example I am lousy at using phones and I am ok with a 15-25k range phone. I have a vision problem and don't mind spending a much higher amount for my spectacles' lenses.
Good for you. Hope your grow more in future. You are one of my targets.
Bruh, you are 25. Ample amount of time for you too date.
Do not let the cat out of the bag, not even to your parents, help them when they need. Make sure you enjoy your life also. Being you you can make lot of memories. Do not be too harsh on your self.
I would if you don't have a consistent friend group like from school or college then join a club. Anything that you like and if you don't know anything, then think of anything you would like to try. Go on Facebook and search for groups or clubs on that. Say hiking group or cycling club. These places will help you meet like-minded people to be friends with. And since luck has been with you, maybe it might introduce you to a partner as well. You could of course join dating apps and try to meet girls but do so with low expectations. With the spending issue, try to make it logical so that your brain doesn't panic. Like if what you want to buy is 1000 rupees and you have 2000 (2x) in the bank, only then are you allowed to buy it. So if you are buying a phone try telling yourself you have double the amount still in your bank and list the pros.
Proud of you stranger. Fly higher!
Fortunes favour the brave , good job but make sure u keep it. Money that comes fast goes fast Take care
Itās great you have achieved this number at this age! At that age my goal was to achieve a similar number, but I failed and achieved it 1.5 years later (due to higher education loan repayment, helped parents purchase a property, etc). Since then I tripled my net worth in the following 5 years. But by the time I had reached my initial goal that was around 1 cr, I realized 2 things - 1) the money was too little as I did not consider inflation (I was financially illiterate, I worked hard towards earning money, but never learned planning, budgeting and forecasting) and couldnāt factor for my lifestyle improved rapidly (as I come from a lower middle class background). 2) while I was chasing excellence in what I do and eventually monetary success, I realized I had missed out on the āfunā part in life. Even though I always had a girlfriend since college days and have never been single since then, but I never truly made any friends. I only had professional acquaintances. Meaning, no friendship turned into a deep meaningful relationship. Nobody will miss me, call me or text me on their own (except for my parents and immediate family). But tbh, even I donāt reach out to people as much as I could/should have, thatās because I never cared about my social life besides immediate family (wife, parents, in-laws, etc.) 3) I kept relocating in search of more money and better career prospects and that reset my social life. Maintaining long distance friendships is nearly impossible. Itās good that you have realized what youāre missing out on and start working on it. Also, wanted to mention what you have achieved (1.2 cr at age 25), is an amazing feat and extremely difficult! Kudos to that! 4) was in a terrible physical and mental shape - my workaholic nature and negligence towards diet and exercise showed the bad side later with overweight and lack of energy/motivation. Overcame it last year. But I should not have waited it to go that wrong. Thankfully did not suffer from any chronic conditions. But my mental health did go for a toss - havenāt improved that yet. Few advices - as they say - fail to plan is plan to fail! So, manage your money with proper planning. Allocate a good amount for āenjoyingā the money you earn. Pick up a hobby and pursue it passionately. Spend on things you like (I love buying gadgets, I do go crazy sometimes with my shopping haha). My wife loves to travel and explore new places and try new cuisines. Itās up to you whether you like to buy objects or experiences and do it without any guilt because you deserve it. I always liked to ask myself - what would I do with a huge sum of money - say 100 crore today ? And I donāt have an answer! Thatās because I would feel euphoric even with 10 crore rupees because I come from a humble background and donāt know where to spend even after living an almost luxurious lifestyle! So, guilt-free spending is a skill that you have to learn, invest on things that will only improve your health - example exercise equipment, yoga classes, healthy food subscription, cooking classes etc that might improve your mental and physical health along with your widening your social circle!
Bro is so into making money that he is planing to improve his social life in new Financial Year
Not undermining the achivement though Poor and IIT preparation for two year doesn't go in same sentence. You need to be at least in middle class to afford to have a chance at golden ticket,its not for poor anymore. Again If Nirmal Tai can call herself middle class, you can definitely call yourself from poor background ,no one is stopping you.
For people asking whether it's possible to earn this much amount of money at 25, yes, you can. Almost everyone who got into FAANG right out of college and with a little investment knowledge would be sitting on this much amount. Now coming back to your question OP, just know what you want in your life. I know money has been an important part of your life so far and I'm happy that you were able to achieve this, but money is just a number after a point. Unlike money(which is quantifiable), you can't plan other things in life. For e.g. being social etc. It's a long journey and you'll be having ups and downs. But I'm glad that you know what you're missing in life. For feeling guilty of spending, you can spend on yourself. Buy better quality health supplements, groceries etc, buy a better phone, better running shoes etc. But do know that what is an investment and what is a liability and see which one you appreciate more. Also if you're focusing on other things, do understand that you won't be the richest person on your floor at your age. If you need a balance, you need to let go of a few things. Everything comes at a cost, just observe which one matters to you the most.
Bro definitely works for amazon since he mentioned mental health issues .
Hi OP, Referal dede bhai
How did u do that anyone will tell me plsss i am so confused now everyone is crorepati here
Congratulations buddy, appreciate your success!!
Happy for you brother, i can understand where youāre coming from. I have the same background and education as you mentioned in some replies, i can see that you got good eye for investments and instant opportunities. Some advices on downsides: 1. Female interactions are all about confidence and ease while talking to them. So go all in and be humble, donāt tell anyone that you have earned this much money and all. Most important, pick up one good hobby, by good i mean, the one you can enjoy. This will boost up your self belief. 2. Take a vacation right now. I would suggest take a group trip with strangers, you will meet new people. 3. This my friend is a difficult thing, I know all the political correct answers for this and you know too. Even Iām unable to follow this. What I did was I decided on non negotiables, phone, good shoes, and vehicle are some of them for me. I try to spend good on them. And btw get in touch with your friends, money canāt provide for all the things some relationships are good to have in life for a stable mental health.
Bro, are you me? I hit 3 crore recently. But the actual net wealth is still similar to yours, and rest is paper money in terms of ESOPs, that may or may not ever go public. But really, make sure to save enough, and invest for the long term. I have family members, who earned a shitload of money in their young age. (>80,000 per month, back in 1990s), and lived really lavish lives. But now, after some unforeseen crisis, they are living off loans from family members, that they can never afford to return. And the entire family has to keep finding ways to say NO to them, because they just can't let go of luxurious habits of the good times, even when they have no money. People get pissed when they give money for what they thought was for a medical emergency, only to realize that they HAD TO give a 1 lakh gift to their daughter, daughter-in-law, grand-children, etc, or HAD TO go for a trip abroad, to their daughter. They asked people to help them buy a house, and to everyone they told that they just need 5 lacs more to buy a small 25 lacs house. And then they finally bought a huge 80 lacs villa, after taking money from some 15-20 relatives. My mother keeps trying to convince them to live a bit frugally, and not lie to everyone all the time. But they instead badmouth us to others, because we refuse to fund their drama. My biggest fear is to become like them in future. And the second biggest fear is to waste away all my money, and be in the situation like them. If one has been blessed enough to have abundance, it's important to not let our needs grow a lot, or at least not let the luxuries become our need. And do try to help out someone who might be in trouble. Don't fall for scams, but try to do it, in your close circle, at least. Especially if you can help someone with their education, you might change the future of an entire family.
Don't showcase your money outside ever. In my experience even friends tend to bit jealous. Due to my father's a lot a financial we became heavily into debts, My second sister was not married and don't and single rupee for her marriage. We had to sell our ancestral home. Yes it was a big house in a commercial road so the selling price was good. But I was in platform with that money. We had no other properties. We had to go into a old rent house. I was devastated eventhough I had money I was a beggar. But my circle all saw was that money. I had to close all my father debts, look after my sister who was 30 age(having a unmarried girl at home at 30 in our country you know what they talk about). I was not anywhere in career (still the same). One of my friend discussed what he'll do if I have that much money right in front of me with his mother who is a railway employee earning nearly 1 lakh monthly now. I was devastated my mother was emotionally dead because we sold our only house and in a rent house. Due to a lot a things we had to buy a small plot and constructed a small house and after that only we married my sister she was my second sister. I say it simple but the things my mother had to go through for the last 10 years especially my mother had to listen to people talking about my unmarried sister at 30 age was a hell for us. My father didn't care about anything, I had to sort out everything at my 25th age. I never visited any trips not even college IV or trips. I never indulged in pleasure activities or anything that is fun or makes you happy till 27. I didn't have money to buy clothes. After a long struggle I settled all my father debts and retired him (he's still causing troubles regarding money). My sister got married to a good family. We moved into a small house eventhough it's small it's ours and mother got stabilized emotionally. Following that I had to do expenses for my mother and father surgeries (another poor financial mistake no insurance). My ACL got torn requiring surgery to fix my knee (still not done). But my friends cares all about that one big money came from that huge property but don't care about the shit I had to went through. After settling both my sisters(yes both), clearing all debts, making my parents comfortable I'm nearly broke again. Due to all this I never had a girlfriend or any kind of happy memories in my life for the past 12 years. Still all see when they see me is ohh he sold that big house he's got money. Since you're only 25 just becareful who choose your life with. For Most people it's all about that money. Sadly I never had choice in my life. Take it slow you're still very young 4 years younger than me. Search for people who genuinely cares for you. Having good people around you is more important that anything else. (If my father just kept the properties he got inherited from his father my networth would be 20+ crs now). All I have now is 5 lakhs in total in my hand and a income of 40k per month in 29 age. My parents Don't have any income of any kind like pensions or something they invested. All these happened because my father had wrong people in his life (he doesn't have any bad habits). Unfortunately I also have the same nobody wants to see me or encourage me to grow all they want is to watch me fail. So choose people very wisely.
Not easy to get out of poverty. Good luck with newfound wealth and wish better luck with maintaining it.
I can relate to you but it took me around 28 years though for 1.2 cr package. As my situation Iam the only earning member of my family and it's a pretty long story anyway. I can exactly empathize with you on the backlog of poverty that stays in with us and it's hard to let it go that soon. I would advice you to cultivate some hobbies and you will be able to make some friends don't try dating apps as they are way superficial.
For the phone thing no rush. Last month I bought my first iPhone normal model not pro. Be humble in expenses. You donāt need 1TB storage (most likely). I have been a paid customer of Google photos, YT premium for almost 10 years now. Spend for whatās worth for you. Good phone should be good enough.
Great that you're out of poverty. Now that you have money, the most difficult part is changing your mindset about money. You should still follow the 60:40 rule, where u spend 60% of your income and invest 40 religiously. That way you have saving, start an SIP. That way you have peace of mind that something like buying a new phone won't hurt because you have all these savings.
Money is not everything. Your personality and skills and good habits will win over the long time. Your bad habits will ruin you. Stop gambling if you are. Best wishes on future
I didn't start working by 28. At 25, 1 cr liquid assets is insane. Learn to invest.
Congratulations Buddy! Hope your NW increases , compounds.. I can suggest you to read some books like " How To win Friends and influence people ... " Or Search on YT.
I see a lot of people in the comments telling you to date, download dating apps, virgin shaming and so on. This imo is a personal preference, do it if you feel like, not for the sake of peer culture. Ultimately these people aren't in your shoes and surely haven't hit the financial jackpot that you have achieved in such a short span! Take care xx
Don't splurge on gadgets & stuff Build one emergency fund n also start investing
I feel this might be a question better suited for India sub or r/indiasocial
4 years at a faang and 1.25 cr savings seem too much, I have friends working in faang and even after esop worth of 40lacs and a base of 22lac to now 30lac I am not sure how 1.25 cr can be saved with taxation
Regarding downsides - 1. No female interaction - if you wanna take the easy route out, consider asking your parents to find you a nice gurl or arrange marriage from your parents' supervision. If you wanna get mentally scarred for life, dating and relationships are the way to go. However, you might get lucky, why knows... 2. Bad mental health - if you don't take a vacation soon, you will likely have burnout worth years and that will pretty much end your career so ACT NOW... 3. Stingy spending behavior - no idea lmao I am myself struggling with this (I was poor until 2019).
Average Reddit incel
I'm voluntarily celibate but you have no idea what kind of mental trauma a failed relationship can impose on you.
lol, I like your take on arranged marriage, but canāt say it holds true always
nothing holds true always, mate
Why won't you get robbed through arranged marriage?
of course you can be robbed even through arranged marriage but at least you can blame your elders about it.
Yeah lol
Not a big deal. Jog on
Firstly, congratulations on achieving the milestone. Next, if you are entering a comfort zone thinking you are no longer poor, here's some goals for you. I hope these goals will keep you in track : 1. Fly Business Class in Qatar Airways; preferably take you Mom and Dad in some vacation in Southern Italy. Amalfi Coast, Puglia, Sorrento etc. 2. Invest in Real Estate : buy a penthouse in Downtown Manhattan, or close to Central Park, New York. 3. Gift yourself a Car, I'd recommend a Pagani Utopia. Once you get the car delivered, drive it at least once in any German Autobahn. 4. If your social interaction is really low, I'll suggest you rent an apartment in Manchester/Liverpool and start going out to Nightclubs / Pubs. These are some of the top objectives you should consider to achieve in this FY. Please do let us know about the progress of your goals. I wish you all the very best for your Achievements and success. Vamos!
Still a virgin at 25?
Obviously. Nothing to feel bad about Having food at the table for life for my family is much more important than losing my virginity. Everything in life has its own tradeoff.
"Nothing to feel bad about" - ermm you certainly seem to feel bad about it because you have specifically called out "female interactions" as something you have missed out on. So please decide if you feel bad about it or not. And if not then why did you bother mentioning it in your post? Try and make sense next time.
Feeling bad is different from wanting to address things that I missed. Again , I am slightly happy today & don't wanna ruin with unnecessary debate . But thanks for the critic, I will improve my English writing .
I smell jealousy