Living on 60,000 per month in Bangalore | Fix your Finance Ep 20
ฝัง
- เผยแพร่เมื่อ 9 ม.ค. 2023
- ➤ For the best card payment experience, Download CRED : bit.ly/CREDWIN500
➤ Fill in to get featured: forms.gle/av6RLcaZCnTMMv3y8
Hello guys, welcome to another episode of Fix your Finance. In today’s episode, I met Kumar, a 25 year old technical support executive working in an IT company in Bangalore. He has recently shifted to Bangalore after getting a 50% salary jump in his new company.
In this episode, we cover
➤ Kumar's income and expenses
➤ The importance of upskilling for a brighter future
➤ Kumar's current recurring investments
➤ How to analyze if you can afford to make a particular purchase
➤ Follow me on Instagram for bite-sized videos: / anshhuman
Enjoy :)
Connect with me ►
Instagram: / anshhuman
Linkedin: / anshuman-sharma-20452b148
Twitter: / anshuman_306
______________
GEARS BEHIND THE VIDEO:
📷 Camera: bit.ly/sonyZV1cam
🎙️Indoor mic: bit.ly/Rodewirelessgo2
⚡Lights: bit.ly/digiteklights
🕹️Tripod: bit.ly/DigiTekTripod
MY TOP 5 FAV BOOKS 📚
Ride of a Lifetime: bit.ly/rideofalifetimebook
The Millionaire Fastlane: bit.ly/TheMillionaireFastlane...
Zurich Axioms: bit.ly/ZurichAxioms
Masters of Scale: bit.ly/masterofscale
Just Keep Buying: bit.ly/justkeepbuying
Subscribe for more videos ► / @anshumanfinance
#fixyourfinance #personalfinance #moneymanagement
Disclaimer: Neither the guest nor I am a SEBI registered investment advisor. Information shared is only for educational purposes and not investment advice.
Music licensed by Epidemic Music
![आपको कितनी salary SAVE और INVEST करनी चाहिए? [20,000 vs 50,000 vs 1 लाख Salary level पर]](/img/n.gif)
For People wanting to get high salaries in places like bangalore, mumbai etc. Focus on increasing your networth investing in yourself (upskill, educating etc) instead of investing on mutual funds, stocks, debt instruments etc. I used one year of time and consistency to work my income from 9LPA to 35+ LPA. Now able to invest higher proportion on savings.
You are also in IT I suppose?
yes sir.... but this applies to other industries as well. the hard task is to identify/research the skills needed to upgrade and betting on your research. For eg. if in marketing, upskilling on market research. marketing models and use cases etc. If you are a Core engineer, focusing on field work practices, management courses etc (I am not an expert, but you get my point)
The point is be it what ever field, on top of hard and dedicated work, upskilling definitely will improve either the income or designation.
What skillsets did you acquire?
Nice joke 😂..
Could u resonate the amount to in-hand??
Evan top iim people don't get these packages
It feels very good to see people like him that at the age of 26 he gained a very good amount of financial literacy.
This guy at 25 is far ahead of the crowd. Kudos!
Far ahead as in?
@@sprajosh doing very well with his asset allocation than a lot of people his age
Thanks man
@@kumaramiya4488how much u making now
thank you anshumann. superbbb audioquality. APPRECIATED
Bahut bada Dil Hona chahie Apna finance Kisi Aur Ke Sath discuss karne ke liye🙃
True buddy
he should spend more in food.. if you eat only mess food you are likely to fall sick and it will increase medical bills. extra 2-3k on healthy food should be done.
I am watching almost all your vedios... Basically you are concentrating on IT people and engineers... Could you please do a video with accounts background people so we will be aware of how the market is for accounting students??
3:45 never trust cred they take all the permissions for email and can read you otps too.
Also they track your number and whatever is joined with the number.
Privacy ki hod ke rakh di hai
He is very intelligent regarding his investment and leisure activities 😊
Investing 20K (1/3 of income) in MF from age of 24..
Finance is already fixed
Well done Anshuman for sharing such a case study.
I invest most of my salaries in MF/FD usually as I don't have much expenses. I live with parents, doing WFH. Parents are also financially independent.
Could anyone tell me the insurance product he once promoted, which provides salary as backup? I somhow missed the video, but came to know from one of my colleague avout that!!
Yayy..That's my brother there😍😍
Annuity is taxable under NPS.. Only 60% withdrawal on maturity is tax free
Awesome content. It's crazy how most people never discuss their income details, their spending and investment with friends .
Thanks bhai for liking my interview
Keep uploading such videos
NPS is not completely tax free during withdrawal ☝️But It's good to have something secured.
This bhaiya inspired me 😁 . I am currently doing civil engineering . I didn't had any hopes of getting high salary but now I am motivated 😤
Jabardast dada videos mast bhaiya!
I wait for this series!!
I love these episodes!! I do the same conversations with my friends xD
Please make a fiz with finance with yourselff. Want to know your income and investments
9:16 I believe the annuity amount received from NPS after retirement is considered as income and is taxable. Please double check it once Anshuman
It is taxable as per income slab
Good catch
Yes it is.
Minimum 40% goes to an annuity, the monthly income from this annuity is taxable only if your income falls under the tax bracket. After retirement I dont think we will have that much income that we need to pay tax 😉
Yes. PPF Returns are tax free.
Yes your understanding is correct, guess slip of tongue from Anshumann
Anshuman bhai in nps first 60% is taxable and rest 40% does not come under any tax.
Should he increases his portfolio size in crypto? Yes or No...? He did not get a clear answer if anyone can help?
This episodes fatafat finance questions were perfect…
Ones which almost everyone watching this video might think and answer for👌🏼
Love you bro it gives us impression
Inspiration
Kumar is Amazing human!
Thanks It's me
Hi Anshuman , can you do this with a teacher?
Bangalore m kya mehnga nhi hai, anyone can ans 😅
Bring more videos on weekly basis
Where is the “FIX” part in this video btw..?
I am 26. Living in Bangalore with a monthly in-hand salary of 62k.
I am investing 22k in MF and 7k in PPF per month. Is it correct?
It's perfect
Can you share all your costs?
His story is similar to mine 😊
Kumar could you please give some details of p2p lending platform you are using?
Sure bro, its 12 percent club. Connect with me on LinkedIn
Civil engineers in IT 🤧. What vishweahwariah must be thinking
Lol
On anualty there is tax NPS is horrible don't invest unless govt employee
Hi Anshuman... I am a fan of your content.. I don't know Hindi. It would be helpful if you could add Subtitles in English...
bro hindi is same as urdu, how come you aren't getting what they are saying
@@aniketmane6232 bro, my mother tongue is Tamil and I don't know Urdu as well... And i didn't ask for myself alone... There are a lot of South indians who are not aware of Hindi... So, it will be helpful
@@abdulrahman4449 Bro, I am from North India, even I don't know Hindi.
What Hindus are getting in Islamic countries
There are subtitles now.
First guy I saw who is started SIP in earlier years. At the age of 40, he will have good corpus.
I am also a civil engineer in Mumbai, getting 60k is very difficult, can yu pls ask him what course he is Doing, Pls help this will mean a lot
He is working in IT .
Yes omkar.. I am also ready to work with It field,, but need to knw the path for it
@@RaJ2x4 go for some placement guarantee programs
I am doing full stack developer course from Scaler Academy
Take interviews of people like me, who earns 2 lpa in Bangalore.
@warikoo.4956 Dei scammer
Haha, sahi kaha, its my video only
@@kumaramiya4488 What? Sorry I didn't understand.
@@GetYourselfALife I am in this video, I am the one who is giving interview to Anshuman
@@kumaramiya4488 Hahh, that part I understood. Its that "Sahi kaha" which I didn't. I don't speak or read Hindi.
Core company job Karne bale logoki video banao
Hey @anshuman,
I am Om prakash, and I'll be joining a startup as an Intern from the 16th of January.
I don't know about Investment but I'm very curious and ambitious towards investments and all.
My stipend will be around 45k, Could you please suggest me, like where to start investing?
Although thinking about filling your form after a month of my internship, such that we'll get a video about Living on 45k as an Intern.
Thank you, lots of love.💓
Hey, I am just curious to know what is your profile in the startup and how did you got the opportunity
Om prakaash, start investing in mutual funds
Which P2P platform do you use ?
I use 12 percent club in p2p
NPS is EEE, but the 40% annuity earning is taxable.
Correct bro, its my video only, LinkedIn pr connect kr sakte hai
How to buy a flat in Bangalore any suggestions
Give the money to builder, get your registration done. Its fairly a simple process.
Nice
Anyone into IT - PMO/ project management please help me if you have any job opportunities.
NPS annuity is taxable .
@anshuman kidhar rah ra h ye bhai hmare ko bhi bataye hame bhi shift hona h bangalore me
@Anshuman sharma㊉①⑦⓪⑧⑥⑧⓪⑥⑦①⑤ please don't spam on his name. Have power to reply from original id
Can you please make a video on p2p lending and how to do it legally in india
Bro that's very risky, you're lending to people who have more probability to default due to their poor credit repayment history that's why they're giving high interest better stay away
Can you do a fix my finance of anshuman sharma??
I would like to know in which pg he is living. Compared to the price he is paying, it looking very good
Its Sai Athithya PG near manyata tech park
@@kumaramiya4488 thanks.
@@pradyumnapatil5190 this is my video only bro
@@kumaramiya4488 oh yes that’s you 💀
@@Blazer39283hahahaa
Come to Pune also
❤❤❤❤
Annuity is taxable. Please correct it 09:18
Anshuman sote nhi ho kya? Ur eyes bro
NPS is not EEE.
please make videos in english
Invest in PPF for 15 year locking. NPS only when tax slab is 30%🤣
Vpf is also there
I am surviving with 28kper month in bangalore😂
how do you survive? Transport? this scares me 😢 I'm moving to Bangalore too as a fresher
One should always park their emergency funds in small finance bank fds, I just split the total amount into many smaller amount so that If I have to withdraw a small portion of money the 1% penalty would be only for the required fund instead of total fund
The show is most like expel, exposing people salary not that just fixing their finances, you are just telling about what are their earning, and what are the spending not the right way to spend well
I agree with you point, i feel 90% of the times it’s about discussing the compensation and rest is some advice..
What course and where is he unskilling?
Where unskilling? Hmm maybe pornhub.
Scaler
@@kumaramiya4488 if you don't mind can I know the name of p2p lending platform
@@vinaytalampudi4932 yes, I use 12% club
@@kumaramiya4488 thanks
Bhai bangalore me khana utna bhi mehenga nahi hi bass sahi jagah khana hoga, jaan buzke mehengi jagah jaake khayenge snaps k liye to vant do anythng.
What p2p lending app are they talking about
12% Club
@@kumaramiya4488 what about hubble it gives 10% in 100 days
@@Vinaythunder 12% is made by Bharat Pay. But hubble is risky
@@kumaramiya4488 if its on playstore then they might be doing something legal🤔
Anshuman Bhai gol hote ja rhe ho... Fitness pe dhyan do
NPS is not tax free
he looks like 35 : /
No he doesn't.
No I don't
Is 90 k pm good enough for a fresher?
No you need to earn atleast 90L per month
@@VikashKumar-bv4ju i am earning 1.5 lack per month that's only get me satisfaction but i will set my target more and 90 lakh per month is impossible it's will be for billionaire
*Hello guys I'm 22 and i earn approx 77000* *per month* .. is it good for my age? I have seen people earning way more than me. And I'm kinda insecure about my income 😅
What is your job bro ??
When I was 22, I used to earn 35k so you are doing great. High income should not be the best at your age, just focus on acquiring high value skills at the moment
@@anshumanfinance my plan is to invest as much as possible and i have made a small Portfolio as well.
Thank you for the reply. Keep posting good stuff 😁
Im 28 and earning 33k .. The fack are you insecured about lol
When I was 22, I was earning 12k in Accenture, Bangalore. My friend was jobless till he was 25. What the hell are you unsecured about?
He is 25 earning 8 lakh I'm 34 I'm earning 8 lakh 😂
9-10 Cr retirement...... brother it's a dream for even people earning 2 lakh per month. Think before speaking.
then according to you what should it be?
He has 35 years to make 15-20crore pre tax, which should yield him his corpus
@@sumukhadn5060 everyone has a different retirement amount requirement and goal, there is no universal number.
@@MeraMohitothose are very optimistic assumptions
Come on bro even if you invest 20k in MF for 25 years you will end up with 5cr with 15 % CAGR. With saving and pf another 2-3 cr. Not that hard
Hindi bolne me sharam aati hai shayad inko
9 cr chaiye 😂
50 cr
How much do you think you need to retire?
@@GetYourselfALife no one knows
@@vishalrai2859 I mean, your point is, it would be far less than 9 Cr or far greater than that?
10 cr to build my start-up
Are bhai Bangalore ka spelling theek kar le title mein
Koi 1-2 cr wala banda lao bhai
Agaya phir irrelevant person ko leke 😂 now we know he doesn't give shit about his audience
8.3 lpa mai I was getting 56k only but he is getting 60k 🍋🥲
Kuch variable cost kah difference hoga phir