At 26 itself this guy knows what he wants from life, I am 40 right now and I had this maturity when I turned 38, kids these days are super smart and mature.
This guy represents the majority of Software engineers in the country. Everyone has the same thought process which has given a new meaning to the rat race. Instead of climbing the corporate ladder , everyone wants to be financially free. I hope the golden day comes for all.
If i had this much salary i would have all saved it for 10 years and invested in UK real estate to get at least 10k pounds per month so that i can freely roam around the world without any tension for the rest of my life.
@@bendover-bz4bc What will you do for survival for 10 years while saving this money? Let's assume you had no liabilities or assets and you managed to accumulate 55 lacs a year and for 10 years that 550k£ roughly. I currently reside in the UK and the house where I live usually costs around 300k£ minimum for 3 rooms. Again having assumed you purchased 2 houses both having 3 rooms. If that isn't a student property you are not getting beyond 1200£ a month from a house and combined of both you will have 2400£ a month. This has a lot of deductions to be done like property tax and blah blah but even in the bestest case you won't make more than 3000£ a month with 10 years of saving. Cheers
After working in tech for almost 6 years what I have come to realise is your hikes and jumps just get you a higher EMI. Choose wisely where you wanna spend your time( time is the focus point here because time spent more or time spent less on things you value most will create a happy or a sad life for you) and then take financial decisions.
"Hikes and Jumps just get you a higher EMI" - No. Many people in comment section earn close to this under 30 years. It depends how you choose to spend and save.
Yaar Anshuman you are again bringing people who are set for life. Please focus on how he reached the 55L salary, or how to manage to invest with a 30K salary in Bangalore. Thanks
If you have a 30k salary in Bangalore, you should not be focusing on a investing in equity, you should be investing in yourself, because the rate at which your salary can increase from here is exponentially higher than any market returns
@@spencer214 bt if he is living with parents in banglore then he can. I also live in mumbai bt with parents. So I started investing when my salary was 20k since last 4 yrs.
@@spencer214 i mean buying any new course doesn't cost that much. I also done several courses it was 20-50 k with emi. In india everything is cheap except house rent. And in usa also now 60% genz and millennial started living with parents. Cuz that rent amount actually killing our savings. Although living with parents is depressing many times. As I live with parents I saved 14 lacs in 4 yrs by investing stocks, mutual funds, ppf, fd. Now I can use that money for going abroad for study.
For them who are feeling left out, remember we all are learning and growing in our own timeline. You have to be mentally happy. The less you want, the more you will have.
@@dibyanshumishra3536 There is no slow or fast concept in a timeline. Everyone moves smoothly and gradually. Do not compare or compete with world. Half of the world is faking it.
I will just say, the earlier u switch to those companies, the easier it is. Later expectations rise. After 3-4years it becomes next to impossible to get calls. The changes after becoming senior. Its good to be positive but being realistic is actually better.
@@shilpamanocha2941 He is M.Tech(CS) and is a Senior Software Engineer heading a front-end development team. If he moves to the US, he will be earning in Crores not Lakhs. I can't get why he is still in India as most Telugu techies move to and settle in the US. He is slow and late.
Everyone in comments talking about his salary, pls remember he is an engineer in the world that’s extremely tech heavy. He is the king, can get any salary. So don’t compare yourself but yes don’t stop learning new things that are relevant. Secondly, if you want to get paid higher there is nothing better than job hops every 1.5-2 years in your early career. Once you hit an experience of 12-15 years then you can start in same company for stability coz you’ll be so much more ahead in salary than peers who didn’t not job hop. This has worked brilliantly for me. I’m a millennial.
@@abhijeetdey bro I'm bachelor living with parents and highly spiritual actually I was victim of office politics and couldn't survive so I'm happy with how life is now...
Hum log tehlte hue kuch bhi compensation le lete te.....i like his mindset....either do something big or dont do anything at all. He knows the worth of his skillsets in the market....a very crucial information which 99% of us r unable to get information about. Compared to the majority of us, he has clarity of things at a much younger age.
11:07 It's all about priorities...He can cut some cost in vehicle or online purchases...The family vacation can be completed within 1 lakh (compared to his salary it's nothing for him) even after having a luxury 3 days.
Hey Anshuman, Fix your finance series is really great and helped me a lot. But it would be great to see some realistic salary videos in between as well like not everyone earns so much.
I think these unrealistic ones are good as well. You realise that even with higher salaries, yeh log kuch ni bacha paare. Even with our current salaries we can easily beat them in what they're saving.
@@chhavikantsingh You are wrong actually! all the top companies pay this package. But most aren't in top companies.. majority will be in service companies where the package range you mentioned is correct. Its good to show these salaries too because now ppl can broaden their thinking on how much package is possible in the market if they try forit.
*Brother Anshuman While you were asking questions about money expenditures, you left the baniya people behind. Compared to what other TH-camrs had done, it was very distinct. I've always believed that posing such questions is challenging because they might sound weird, but you accomplished it. You even asked how much the vehicle would cost each month🤗. Bravo, that's great. Keep doing a great job*
it could be but at the emergency you will not get money instance from gold as compared to money in fd + saving account and also rate of interest is not calculate for example in 2020 the gold price is same as of 2022 so if anybody invested in gold in 2020 as emergency fund and he needed that money in 2022 for some emergency he would get same money with almost 0% interest on it
What I am saying is valid only in case you already have gold jewels or have a need to buy gold. If you have a need for buying gold, you are going to buy it anyway. if you already have gold then no need to keep a separate emergency fund. It’s like two times your emergency fund sitting with no/low interest rate. In his case, he has to get gold jewel for his mom. That’s a need. He already spent for it. Now no need to spend again on emergency fund. He can use that money to invest now as he already have gold to safeguard him in times of emergency.
And gold has super high liquidity. You can pawn gold in all banks and sell it in Al jewellery shops and also pawn shops. Atleast where I come from, within 5 km radius max (even if it’s village) there will either be a bank/co-operative society/pawnshop/jewelleryshop.
It is important to keep milestones for any buying decision. don't buy a car till u have family. build a corpus for every purchase u made, don't break ur existing savings for any purchase. Keep one loan at a time and pay as fast as possible. diversify ur portfolio and yes...don't copy other's lifestyle.
It's so sad to hear in India people having 50+ LPA package and getting ~2L monthly salary. I'm working in an foreign company, working from home here in India. Trust me you'll get 100% in hand and also there is tax benefits as you'll counted as self-employed.
Most of the people in your videos are from tech background and also they persued BCA or Btech! There are very few videos with people who are from different background and making it big.
Videos like these make me quit my job on the spot 😂😂😂. but kudos to the guy and congratulations to him. i personally would not have bought that car on a loan. Its better to buy a second hand car with all the money paid upfront. Once you go debt free trust me you will never want to take out an EMI again 😊
Hi All, Package doesn’t matter. It’s about understanding, what is your actual need and How do you manage your money. The one who doesn’t have Financial literacy will end up with liabilities and unhappy life even if he/she earns in Cr. Many of us having peer pressure that will make you unhappy and might lead you to take some bad decision.If we start worrying about what are missing then we will not enjoy what we have. It’s just my thought 😊 Ultimately everyone wants to live a happy life that’s why we do all these stuffs but that shouldn’t spoil our time and happiness..
Its only possible it tech, but it will fall very soon... Amazon placement is very hard,the boy is a genuine, keep it up , save some money,pay all the dept ASAP
Videos like this are like two faced coins.....one side it will motivate and gives hope that things will get better🥺....on the other side it will depress you with ... what am i doing with my life😥 ....by the way.. financial tips at the end of videos is helpful
I apologize if this is an unrealistic request, but could you please provide information on taxes, specifically TDS? The fluctuation of monthly salary can make it difficult to understand, as someone earning 30 LPA could earn the same or close to someone earning 25 LPA or less
Depends on Tax Planning & Tax benefits provided by employer. Many employers provided ways to draw a part of your salary as reimbursements e.g. car lease, professional edu., telephone, internet, food coupons. The more options the employer provides and you opt you get more in hand salary.
@@mayurkachchhava139 I could be wrong but based on what I understand there's a limit on how much one can save based on the instruments you have mentioned. What makes me curious is how someone with 30LPA has monthly in-hand almost similar to someone with 20LPA (this are just ballpark figures please don't take it literally)
@@imjshnu It’s function of 3 items. 1. Fixed compensation vs ctc. One can have 30L CTC but 25 as fixed and another 22L fixed only no variable. The in-hand salary is based on fixed portion and not CTC. 2. Tax planning. The 30L person if taking no deduction will end up with low in-hand per month ( most impacting are HRA & Home loan). 3. Tax saving options provided by employer. A best example is HRA. Assume both have 5L as HRA. A pays rent to family and claims full 5L as HRA. B just claims 1.8L. The difference can amount to 10k in hand changes p.m. Combined all 3 you can have large fluctuations brining 20L & 25L fixed at par. One other way of temporary increasing the in hand salary for first 10 month is to delclare maximum amount of deduction to employer. It will increase inhand and defer tax liability.
He will be fired, if he doesn't fit to that role hired for or doesn't perform well. Now a days, every IT person wants to earn more money, even though he/she doesn't have a caliber or deserve for such CTC's.
Sir Can you please put up a vlog on financial planning for single Unmarried people at their 50s and couples without children..I believe they have a different financial requirement in comparison with people with families of their own....big fan of your vlog...keep up the good work
Yes i agree... It's all about priorities...He can cut some cost in vehicle or online purchases...The family vacation can be completed within 1 lakh (compared to his salary it's nothing for him) even after having a luxury 3 days.
Isko dekh ke lagta he ki.. khamkha itna schooling,clg, engineering,pg kra....direct ek sal ka software development ka course krke join kra hota to 17 sal ka experience ho jata
@@mithunbobade1 Yeah. But I mean it's basic bread & butter is not selling tech products like Microsoft, Google etc. Or even say Amazon whose main business is AWS. Leave that also, it's not even in the SAAS business like Zoho etc. It's more operations heavy where vendor management & logistics are more important than high tech. My point is an Ecommerce company doesn't need any revolutionary tech like any hardcore tech copy. Then why pay such ridiculous amount of money to a techie? Thoughts?
Hey Anshuman, After tax-shield from the home loan, the interest rate would roughly be 6/7% and he would be able to easily get a better annual return from the stock market in the long run, why should he invest his capital towards reducing the home loan in this scenario?
Personally I agree with him paying his home loan asap given the layoffs we are seeing in the technology sector losing job with a hefty debt can put him in a bad spot
If you are a SDE who's really good at data structures huge packages like this can be easily achieved. It gets bit tricky for non software developers. But I can say with certainty that switching jobs really help. You can get unrealistic hikes. I jumped from 3.4LPA to over 20LPA + stocks + bonus in span of 14 months (switched 2 times) I am sure if I make another switch in next 7-8 months i can again try to get over 60℅ hike on my current package. I believe the key is aming for mid sized publicly listed SAAS companies.
@@imjshnu What do you think is this much compensation sustainable in the long run. I mean do you think that even in future can just knowing DSA beg such a large package? Just curious
@@souviknaskar9902 What exactly do you mean by managing money? I believe everyone should have their freedom while spending. Like If I was earning that salary I would have definitely bought a luxury car but I know for sure that society and people would have told me to “Better manage my money”. Like who the fuck are you to tell me what I should do with my money. The amount this guy is earning, he can easily afford entry level luxury cars or can easily get 2-3 cr bungalows in metro cities, the only thing holding him back is the target he has setup in his mind due to societal influence. Life can end in a second, spend on things that you like, just remember to have emergency funds and investments. And please stop this bullshit about “Someone not able to manage money”.
Actually a lot of people end up broke after spending money on wrong things ,like if you earn 1lakh per month and buy a luxury car worth 60 lakhs like fortuner then by the time you pay emi the value of car will drastically get low and one day it you will end up in a an old car and old house living on their children's money
Make 15000 Rd on salray day bro its will be helpful its will restrict you from some impulse buying and some unnecessary spendings.. Make sure you did that and forget you saved it
The young guy has made many mistakes which he will realize in 40s... Guys if you are reading this ...Start investing when you are young ..don't take loans like him.. rather stay on rent which will be cheaper and buy later post investments grow by 10x
First of you you should have buffer amount of at least 5L liquid. Tech Industry is extremely unstable and going through huge layoff. This layoff can continue with AI and Automation. Its important to have money for sunny days.
I am not sure whether he is doing right. But I would spend his savings money 80% to payback car loan first then home loan, and 20% I would invest for future until the loans are closed. Maximum both of the loan will be closed in 3 years to 5 years (Based on EMI I am guessing). Then utilize the remaining amount for gold purchase and index savings together.
The only thing more surprising in the comments section is the people who are surprised how a professional SDE earns this much amount. I'm 27, 6 years of experience and earn around 1.5L monthly, I'm doing my best to cross 2L/month amount and even then I'll not be comparable to my MAANG batchmates and friends(I'm currently in a startup) People really really need to start paying attention to their surroundings, our population is not only financially illiterate it's also socially illiterate when it comes to salaries.
What did I just hear. 10 Lakhs Medical insurance top up? And then 90 lakhs kaa super top up.. Then What is the base coverage? The terms are really confusing. Main Medical Insurance coverage Top Up Super Top -Up There are 3 terminologies. Hope Ayushman clarifies this in one of the sessions and also explain the help of a Medical Insurance for self and parents and also, if or not to Trust corporate insurance.
I am working as income tax inspector. I feel very low whenever i see this much salaries in it sector and regret my decision of joining in income tax department. I am 25 and graduated in mechanical branch is there any possibility for me to settle in it sector with good packages?
IT is like a passing cloud. Man you are in goverment job in income tax department. this guys earn quick and vanish quick, you guys can stable for ever. Don't quit your job seeing this kind of videos.I am 20 years in it industry seen all up and downs. wise man advice.
I think bro if you could have ask your organization to give more ESOP instead of getting it in hand you would have save more money in taxes in my opinion.
@@RiturajSinghs abeee lekin use har saal itna tax nahi dena padta na aur vese bhi stocks me long term capital gain almost negligible rehte he tuze pata nai kya
![⭐ฮิตในTikTok!! ( หมูเด้ง MooDeng ) Ver. แดนซ์โจ๊ะๆ ReMix BY [ ดีเจกิต รีมิกซ์ ]](http://i.ytimg.com/vi/3krsyfWUeHU/mqdefault.jpg)
At 26 itself this guy knows what he wants from life, I am 40 right now and I had this maturity when I turned 38, kids these days are super smart and mature.
Enjoy Life and Be Happy with what you have..is the biggest maturity ..
Never met a 40yo who has a youtube dp and the name what ever
@@thedislikebutton163 hhhhhhhhhb
I am 40+ and I completely agree with you..
Its all about Flex your finance
This guy represents the majority of Software engineers in the country. Everyone has the same thought process which has given a new meaning to the rat race. Instead of climbing the corporate ladder , everyone wants to be financially free. I hope the golden day comes for all.
Moral of story is - Even 50lakhs package also can make liable to loans for 29 years😏.
Imagine people doing it with much lesser than 50 lakhs
If i had this much salary i would have all saved it for 10 years and invested in UK real estate to get at least 10k pounds per month so that i can freely roam around the world without any tension for the rest of my life.
@@bendover-bz4bc who will give 10k pounds per month on that little investment?
@@bendover-bz4bc What will you do for survival for 10 years while saving this money? Let's assume you had no liabilities or assets and you managed to accumulate 55 lacs a year and for 10 years that 550k£ roughly. I currently reside in the UK and the house where I live usually costs around 300k£ minimum for 3 rooms. Again having assumed you purchased 2 houses both having 3 rooms. If that isn't a student property you are not getting beyond 1200£ a month from a house and combined of both you will have 2400£ a month. This has a lot of deductions to be done like property tax and blah blah but even in the bestest case you won't make more than 3000£ a month with 10 years of saving. Cheers
Bro he chose that. He could easily make it to around 10 years or even lesser!
After working in tech for almost 6 years what I have come to realise is your hikes and jumps just get you a higher EMI. Choose wisely where you wanna spend your time( time is the focus point here because time spent more or time spent less on things you value most will create a happy or a sad life for you) and then take financial decisions.
That's a very good point!
true
"Hikes and Jumps just get you a higher EMI" - No.
Many people in comment section earn close to this under 30 years.
It depends how you choose to spend and save.
@@dev_sa how many people earn close to this?
Yaar Anshuman you are again bringing people who are set for life. Please focus on how he reached the 55L salary, or how to manage to invest with a 30K salary in Bangalore. Thanks
If you have a 30k salary in Bangalore, you should not be focusing on a investing in equity, you should be investing in yourself, because the rate at which your salary can increase from here is exponentially higher than any market returns
@@spencer214 bt if he is living with parents in banglore then he can. I also live in mumbai bt with parents. So I started investing when my salary was 20k since last 4 yrs.
@@sankkham you should always make sure you get independent before investing in equity. Why not look for career growth in 4 years?
@@spencer214 i mean buying any new course doesn't cost that much. I also done several courses it was 20-50 k with emi. In india everything is cheap except house rent. And in usa also now 60% genz and millennial started living with parents. Cuz that rent amount actually killing our savings. Although living with parents is depressing many times. As I live with parents I saved 14 lacs in 4 yrs by investing stocks, mutual funds, ppf, fd. Now I can use that money for going abroad for study.
@@sankkham yes that's fine if you're goal for the investing is set for near future and it is for expanding education 👍🏻👍🏻
This guy is actually auditioning for marriage proposals 😂😂😂
Age 27
Ambitious, career oriented guy
55 lakhs package
Own house
Own car
He looks idiot 😂 making fool of himself
For them who are feeling left out, remember we all are learning and growing in our own timeline. You have to be mentally happy. The less you want, the more you will have.
If u are too slow in ur own timeline the world will move forward before u can breathe. :). Be realistic.
@@dibyanshumishra3536 There is no slow or fast concept in a timeline. Everyone moves smoothly and gradually. Do not compare or compete with world. Half of the world is faking it.
I will just say, the earlier u switch to those companies, the easier it is. Later expectations rise. After 3-4years it becomes next to impossible to get calls. The changes after becoming senior. Its good to be positive but being realistic is actually better.
Great thought
First time dekha 50 lakh ka package hai but zero emergency fund.
Bhai wo jitna talented dikh ra uske liye bahut mushkil nhi hoga manage karna Bina emergency fund k
@@varrnitjaiswal1484 isiliye itne talented logo ka layoff ho raha hai loss making companies me
Uska har mahina salary == emergency fund 😂
50 lakh ka package and financial independence ke liye 4 Cr only
@@saurabhghule7284 financial independence depends on your expenses , not income. If his expenses are 10L/annum, 40X being 4cr is pretty decent amount
26 year olds earning 2.3 L in hand ... I’m speechless 🙌 even top tier mba college pass outs don’t earn this much per month in hand
100%. In in IT those with 20 yrs plus exp don't get so much - i am referring to traditional IT companies.
@@ravipro One who loves computer science can make crores.
you mean coolie WITCH companies ??
@@torrtuganooh2484 Right
My friend with no formal tech education is a senior software architect earning 2 crore p.a.
He's 29 years old.
Yeh Hyderabadi logo ka chit fund ke sath koi alag hi rishta hai
Would have been extremely difficult to manage his life at a mere 55L package. I have complete sympathy for this poor individual.
Wtf
😂😂
He gets 1 lakh in hand rest is stocks
Fake inflated packages of India. Common story. Going abroad is better @@krox477
A brief on how he reached that position or the skillset required would be more appreciated in the coming episodes
It's through DSA and development
Data structures, subjects - oops, DBMS, CN, OS, problem solving skills, aptitude.
Eligibility - B.Tech/M.Tech in Computer science.
He mentioned that dude
@@shilpamanocha2941 He is M.Tech(CS) and is a Senior Software Engineer heading a front-end development team. If he moves to the US, he will be earning in Crores not Lakhs. I can't get why he is still in India as most Telugu techies move to and settle in the US. He is slow and late.
Crack JEE and go to fkin IIT or NIT. Then crack faang interviews.
No shortcuts.
More discussion here is on his salary than financial planning. Salivating on others salary is a very Indian trait.
Everyone in comments talking about his salary, pls remember he is an engineer in the world that’s extremely tech heavy. He is the king, can get any salary.
So don’t compare yourself but yes don’t stop learning new things that are relevant.
Secondly, if you want to get paid higher there is nothing better than job hops every 1.5-2 years in your early career. Once you hit an experience of 12-15 years then you can start in same company for stability coz you’ll be so much more ahead in salary than peers who didn’t not job hop.
This has worked brilliantly for me. I’m a millennial.
I'm 40 and earning 25k pm only and I'm happy for myself and this guy just state of mind
wtf
That's too little.. hopefully you are happy with your work
@@abhijeetdey bro I'm bachelor living with parents and highly spiritual actually I was victim of office politics and couldn't survive so I'm happy with how life is now...
@@chillingwithjai6351 This happens with everyone 🙃
@@chillingwithjai6351 that's good always choose happiness
Thank you for the video.
No matter how much india tries to curb inflation, it will stay around 9 to 11% per year
It's been 6-7 for almost a decade now
No you are so wrong
Hum log tehlte hue kuch bhi compensation le lete te.....i like his mindset....either do something big or dont do anything at all.
He knows the worth of his skillsets in the market....a very crucial information which 99% of us r unable to get information about.
Compared to the majority of us, he has clarity of things at a much younger age.
11:07
It's all about priorities...He can cut some cost in vehicle or online purchases...The family vacation can be completed within 1 lakh (compared to his salary it's nothing for him) even after having a luxury 3 days.
Even with 2.5lac pm still postponing the family Jaipur trip😢. God bless this engineer 🙏🏼
Yes, that's correct mindset. One should be able to postpone such things. That's real enabler, not the paycheck one gets.
Hey Anshuman,
Fix your finance series is really great and helped me a lot.
But it would be great to see some realistic salary videos in between as well like not everyone earns so much.
Truly said. I too learned a lot.
I think these unrealistic ones are good as well.
You realise that even with higher salaries, yeh log kuch ni bacha paare. Even with our current salaries we can easily beat them in what they're saving.
Most underrated comment 👍🏻✌🏻
Exactly not everyone in tech gets this package .... mostly would be between 5 to 20 ...
@@chhavikantsingh You are wrong actually! all the top companies pay this package. But most aren't in top companies.. majority will be in service companies where the package range you mentioned is correct. Its good to show these salaries too because now ppl can broaden their thinking on how much package is possible in the market if they try forit.
Money is an enabler...
Nice quote Anshuman !!!
19 to 55 lacs is something I am astonished, and most surprising that being bachelor he still needs need to fix finance?
This is quiet common in IT now a days.
Any idea which company?
Didn't you heard his 29 year home loan tenure lol
Ye to kuch bhi nahi hai, kabhi IIM grads ke “dukh” dekhoge to life se resign krne ka mood ban jaega 😂
@@parammirani5517
I hope this guy does not lose out with the startup ..God bless him
@@chaitanyakumar3817 2017
yeah no job stability. I hope he saves some bit for himself
*Brother Anshuman While you were asking questions about money expenditures, you left the baniya people behind. Compared to what other TH-camrs had done, it was very distinct. I've always believed that posing such questions is challenging because they might sound weird, but you accomplished it. You even asked how much the vehicle would cost each month🤗. Bravo, that's great. Keep doing a great job*
Anshuman Bhai thank you so much. Aapne itna acha advise dia mujhko 11:00 se 11:30 pe.
Holding gold as emergency fund is a good strategy actually.
Nope, it is not
it could be but at the emergency you will not get money instance from gold as compared to money in fd + saving account and also rate of interest is not calculate for example in 2020 the gold price is same as of 2022 so if anybody invested in gold in 2020 as emergency fund and he needed that money in 2022 for some emergency he would get same money with almost 0% interest on it
What I am saying is valid only in case you already have gold jewels or have a need to buy gold. If you have a need for buying gold, you are going to buy it anyway. if you already have gold then no need to keep a separate emergency fund. It’s like two times your emergency fund sitting with no/low interest rate. In his case, he has to get gold jewel for his mom. That’s a need. He already spent for it. Now no need to spend again on emergency fund. He can use that money to invest now as he already have gold to safeguard him in times of emergency.
And gold has super high liquidity. You can pawn gold in all banks and sell it in Al jewellery shops and also pawn shops. Atleast where I come from, within 5 km radius max (even if it’s village) there will either be a bank/co-operative society/pawnshop/jewelleryshop.
@@thewiseinvestorTamil Konjam paarthu ezhuthu ma...Engayavathu Income Tax pasanga veetuku vanthuda poranga!!😜
Kabhi mechanical ya electrical engineer ko bhi lao bhai. IT industry me to sab he ameer hai aisa lagta hai
Pata nahi bhai Baaki Trade lgra he sb bekar he
He is managing the money very well. I think he was reducing the monthly liability while going for 29 year loan.
Le me watching this video with 5LPA CTC...😂😂
🤝🤝🥲
Mera 4LPA🤣🤣
Apna 2.4 lpa
My CTC - 7 crore 😎🤣🤣🤣
@@skmillionaire333 Haa ha don't say you play In IPL🤣
I am also software engineer, my in-hand salary is 2.4
it's ok for freshers
@@kunal6353 seems u r fresher
@@ankeshverma5229 not yet but soon 🥲, it feel very hard to survive in low salaries
Company?😅
lpa per month?
It is important to keep milestones for any buying decision. don't buy a car till u have family. build a corpus for every purchase u made, don't break ur existing savings for any purchase. Keep one loan at a time and pay as fast as possible. diversify ur portfolio and yes...don't copy other's lifestyle.
Your comment is like IKEA for wisdom ..😊
This guy can probably write code or ai to manage his finance
Or may be ask chatgpt to fix it.
It's so sad to hear in India people having 50+ LPA package and getting ~2L monthly salary.
I'm working in an foreign company, working from home here in India. Trust me you'll get 100% in hand and also there is tax benefits as you'll counted as self-employed.
What company are you working for?
which company are you working at?
Role konsi h?
Hard to get such positions
@willingtushar guidance do thoda how you cracked it...
Most of the people in your videos are from tech background and also they persued BCA or Btech! There are very few videos with people who are from different background and making it big.
Videos like these make me quit my job on the spot 😂😂😂. but kudos to the guy and congratulations to him. i personally would not have bought that car on a loan. Its better to buy a second hand car with all the money paid upfront. Once you go debt free trust me you will never want to take out an EMI again 😊
This guy seems smarter than Anshuman. The secret is to invest early to compound and delay gratification.
00:32 One of the best answer I heard in my entire life of "Aur kya chal Raha hai, How it's going?"😇
7.45 would probably be fixed rate on car which would be around 10% reducing
Hi All, Package doesn’t matter. It’s about understanding, what is your actual need and How do you manage your money. The one who doesn’t have Financial literacy will end up with liabilities and unhappy life even if he/she earns in Cr. Many of us having peer pressure that will make you unhappy and might lead you to take some bad decision.If we start worrying about what are missing then we will not enjoy what we have. It’s just my thought 😊 Ultimately everyone wants to live a happy life that’s why we do all these stuffs but that shouldn’t spoil our time and happiness..
Lovely,
Its only possible it tech, but it will fall very soon...
Amazon placement is very hard,the boy is a genuine, keep it up , save some money,pay all the dept ASAP
Wont fall anytime soon dude... its all cope and sour grapes we can do...
I came here from the shorts and I DO NOT regret it..
“Money is an enabler”
Wow 👏👏
Videos like this are like two faced coins.....one side it will motivate and gives hope that things will get better🥺....on the other side it will depress you with ... what am i doing with my life😥 ....by the way.. financial tips at the end of videos is helpful
Defines your character which side you look at
Same shit is happening with me, feeling sad after watching this earning 20% percent of what he is taking home
@@srivignesh3643 it"s just normal human trait. Unless you are more successful than that guy.
I apologize if this is an unrealistic request, but could you please provide information on taxes, specifically TDS? The fluctuation of monthly salary can make it difficult to understand, as someone earning 30 LPA could earn the same or close to someone earning 25 LPA or less
Depends on Tax Planning & Tax benefits provided by employer. Many employers provided ways to draw a part of your salary as reimbursements e.g. car lease, professional edu., telephone, internet, food coupons. The more options the employer provides and you opt you get more in hand salary.
@@mayurkachchhava139 I could be wrong but based on what I understand there's a limit on how much one can save based on the instruments you have mentioned. What makes me curious is how someone with 30LPA has monthly in-hand almost similar to someone with 20LPA (this are just ballpark figures please don't take it literally)
@@imjshnu It’s function of 3 items.
1. Fixed compensation vs ctc. One can have 30L CTC but 25 as fixed and another 22L fixed only no variable. The in-hand salary is based on fixed portion and not CTC.
2. Tax planning. The 30L person if taking no deduction will end up with low in-hand per month ( most impacting are HRA & Home loan).
3. Tax saving options provided by employer.
A best example is HRA. Assume both have 5L as HRA. A pays rent to family and claims full 5L as HRA. B just claims 1.8L. The difference can amount to 10k in hand changes p.m.
Combined all 3 you can have large fluctuations brining 20L & 25L fixed at par.
One other way of temporary increasing the in hand salary for first 10 month is to delclare maximum amount of deduction to employer. It will increase inhand and defer tax liability.
@@mayurkachchhava139 Thank you! That was really informative ❤️
IT is all about uncertainty. So, most important thing is to keep some emergency fund.
Me if asked about retirement money : * inserts 7 crore meme *
Bangalore is officially the ONSITE for tech people 😅
He is from Hyderabad, working in Hyderabad 🤦🏻♂️ Bangalore
Good going sumanth, keep it up buddy🔥
He will be fired, if he doesn't fit to that role hired for or doesn't perform well. Now a days, every IT person wants to earn more money, even though he/she doesn't have a caliber or deserve for such CTC's.
Getting fired is common nowadays due to recession
No company fires an asset even in recession
@@tubepeeper no one is irreplaceable
Sir Can you please put up a vlog on financial planning for single Unmarried people at their 50s and couples without children..I believe they have a different financial requirement in comparison with people with families of their own....big fan of your vlog...keep up the good work
11:07
Man never miss a chance for vacation with family
Yes i agree... It's all about priorities...He can cut some cost in vehicle or online purchases...The family vacation can be completed within 1 lakh (compared to his salary it's nothing for him) even after having a luxury 3 days.
Itne package mein 10 fresher apna finance fix krlete.
Even more if it is tcs😅
I can totally relate 😂
@@anshumanfinance Apki bhi TCS me job lagi thi kya? :)
10freshers 10 thousand bugs😂
Isko dekh ke lagta he ki.. khamkha itna schooling,clg, engineering,pg kra....direct ek sal ka software development ka course krke join kra hota to 17 sal ka experience ho jata
Company :- Myntra
Myntra pays 55 lpa to their engineers? It's not even a tech company!
Isiliye layoff ho raha hai
@@vipulchandrajha8533 Who said myntra is not tech company! its online shopping right?? just like amazon!
@@mithunbobade1 Yeah. But I mean it's basic bread & butter is not selling tech products like Microsoft, Google etc.
Or even say Amazon whose main business is AWS.
Leave that also, it's not even in the SAAS business like Zoho etc.
It's more operations heavy where vendor management & logistics are more important than high tech.
My point is an Ecommerce company doesn't need any revolutionary tech like any hardcore tech copy.
Then why pay such ridiculous amount of money to a techie?
Thoughts?
How did you know bro
Hey Anshuman,
After tax-shield from the home loan, the interest rate would roughly be 6/7% and he would be able to easily get a better annual return from the stock market in the long run, why should he invest his capital towards reducing the home loan in this scenario?
Personally I agree with him paying his home loan asap given the layoffs we are seeing in the technology sector losing job with a hefty debt can put him in a bad spot
Sath me chawanni v nhi jayegi....kamao utna hi jitne me life smoothly chle ar khus rahe ...baki sb moh maya h.....
✨
Enjoy life also bro..covid taught all of us..people died on street leaving crores in bank account.
He should tell what was his strategy to get this much amount in a separate video
Efforts
Hard work
I think the question was to the person in the video who achieved the package.
If you are a SDE who's really good at data structures huge packages like this can be easily achieved. It gets bit tricky for non software developers. But I can say with certainty that switching jobs really help. You can get unrealistic hikes. I jumped from 3.4LPA to over 20LPA + stocks + bonus in span of 14 months (switched 2 times) I am sure if I make another switch in next 7-8 months i can again try to get over 60℅ hike on my current package. I believe the key is aming for mid sized publicly listed SAAS companies.
@@imjshnu What do you think is this much compensation sustainable in the long run. I mean do you think that even in future can just knowing DSA beg such a large package? Just curious
this guy needs no advice he is already doing great in his life
Earning money and managing that money are two very different things
@@souviknaskar9902 What exactly do you mean by managing money?
I believe everyone should have their freedom while spending. Like If I was earning that salary I would have definitely bought a luxury car but I know for sure that society and people would have told me to “Better manage my money”.
Like who the fuck are you to tell me what I should do with my money. The amount this guy is earning, he can easily afford entry level luxury cars or can easily get 2-3 cr bungalows in metro cities, the only thing holding him back is the target he has setup in his mind due to societal influence.
Life can end in a second, spend on things that you like, just remember to have emergency funds and investments. And please stop this bullshit about “Someone not able to manage money”.
Actually a lot of people end up broke after spending money on wrong things ,like if you earn 1lakh per month and buy a luxury car worth 60 lakhs like fortuner then by the time you pay emi the value of car will drastically get low and one day it you will end up in a an old car and old house living on their children's money
Love this guys clarity of thought
Details on his skill should have been very useful.
maybe in devops
I am 36 and my package is just 26 lakh with a loan of 30 lakh and zeo emergency fund. Kya life hai meri😢😢
Make 15000 Rd on salray day bro its will be helpful its will restrict you from some impulse buying and some unnecessary spendings..
Make sure you did that and forget you saved it
His one month savings are more than my total bank balance.. :D
Anshu....
It was a great video...
Proposing suggestions at the right point. That I felt very good.
Crazy man, meanwhile me 2 years experience still on 8 lpa 😭, next year for sure badi chalang marunga 🤞
Average case me itna hi hota h bhai...
Sabka IQ 200+ nhi hota ki faang clear krle
Do more Fix Your Finance videos dude.. this frequency is not enough.
55 Lpa also need to "FIX YOUR FINANCE" means I am like "OMG"😂🙄😭
There is a huge mismatch between IT packages and packages in other streams, it’s not healthy for our country.
Correct brother
Specifically no one would after 2-5 yrs ever will want to do medicine or PhD in non tech or other things like MBA or other professions
We will definitely meet soon to discuss my planning... 🤞
The young guy has made many mistakes which he will realize in 40s... Guys if you are reading this ...Start investing when you are young ..don't take loans like him.. rather stay on rent which will be cheaper and buy later post investments grow by 10x
Mazaaa aaya bhai❤. Zabardast video. Dekh raha hai binod kaise quality dheere dheere upscale hothi jaa rhi hai
Best video series ever!!
Very calm soothing interview
First of you you should have buffer amount of at least 5L liquid. Tech Industry is extremely unstable and going through huge layoff. This layoff can continue with AI and Automation. Its important to have money for sunny days.
I love these series!!!
He can’t buy a independent home even after 10 years 🥰🥰
But a RE agent can buy independent home in 3 years..
RE agent???
@@gauravruhela007 Real estate agent
Why does a bachelor guy with 2.3 lac per month salary needs fixing the finance.
Higher the amount the more reckless you become, scarcity teaches more than abundance.
I am not sure whether he is doing right. But I would spend his savings money 80% to payback car loan first then home loan, and 20% I would invest for future until the loans are closed. Maximum both of the loan will be closed in 3 years to 5 years (Based on EMI I am guessing). Then utilize the remaining amount for gold purchase and index savings together.
Companies have so much money to waste. No doubt why inflation is always on the rise.
Teri kyu jali... sabko thode na bant rhe h paise...
My previous was 33L ( 30Fixed and 3 Var ) i used to get 2L in hand monthly. He needs to check the deductions again
Exactly what I thought 37 se 2.3
JAB TAK AISE LADKE HAI...TAB TAK HUME LADKI NAHI MILEGI 🤣🤣
The only thing more surprising in the comments section is the people who are surprised how a professional SDE earns this much amount.
I'm 27, 6 years of experience and earn around 1.5L monthly, I'm doing my best to cross 2L/month amount and even then I'll not be comparable to my MAANG batchmates and friends(I'm currently in a startup)
People really really need to start paying attention to their surroundings, our population is not only financially illiterate it's also socially illiterate when it comes to salaries.
Wow Anshuman, really great videos you create.
@Anshuman …. Kya Sahi banda hai yaar tu …. Keep it up bro
❤️❤️❤️
What did I just hear. 10 Lakhs Medical insurance top up?
And then 90 lakhs kaa super top up..
Then What is the base coverage?
The terms are really confusing.
Main Medical Insurance coverage
Top Up
Super Top -Up
There are 3 terminologies.
Hope Ayushman clarifies this in one of the sessions and also explain the help of a Medical Insurance for self and parents and also, if or not to Trust corporate insurance.
At age 26 my monthly turnover is 1cr..
Wtf kya kaam karta Hai Tu Or Business?
I am 26 and earning 28k per month. I am depressed after watching this... What to do to earn money man.. in what to upskill and from where to upskill..
Same dude. I'm 23 making 26k. I don't know what's going on. I will just a start a small store.
Are you graduate btw?
do business and expand it year by year, the money you will make would be huge
For just clarifying: i have CTC for 35lpa.
And trust me guys i get in hand 2.5lpa.
Now u just imagine 50+lpa is just a myth.
Possible e nehi hai 35 LPA pe 2.5 lacs in hand
Your employer is fooling you. 35lpa ctc and you get just 2.5lpa in hand? Total exploitation.
My friend is getting 1.6 L per month on 27 LPA
And 1.28 per month in 21.25 LPA
@@rohink9266 how tf is it exploitation? It's CTC not in hand
@@Vsk-xd8nc It's just a joke. Take a look at his comment again. He has typed 'lpa' after both figures 😜
All indian girls busy sending this guy shaadi proposals lol
Areee Allahabad ka ladka. Apne sheher ka bhai ❤ proud
Car emi 🤣🤣🤣 no logic 😂😂😂 but he is earnings dream salary of us ❤️
If he's laid off in unforeseen circumstances and without a job for months....he will go bonkers
I am working as income tax inspector. I feel very low whenever i see this much salaries in it sector and regret my decision of joining in income tax department. I am 25 and graduated in mechanical branch is there any possibility for me to settle in it sector with good packages?
Yes by taking brbes
IT is like a passing cloud. Man you are in goverment job in income tax department. this guys earn quick and vanish quick, you guys can stable for ever. Don't quit your job seeing this kind of videos.I am 20 years in it industry seen all up and downs. wise man advice.
This type of conversation are best
Never compromise your present and special your family’s happiness
Does all your videos try to convey a message that Getting a high pay job is not enough in India? And businesses are better?
I think I found this guy on quora to ask is 60lpa is good money to live in city like banglore.
I'm college dropout, I do business my income 4lakh per day 😄😄😄
Bhai kya kr rha h?
Profit batav not income
I think bro if you could have ask your organization to give more ESOP instead of getting it in hand you would have save more money in taxes in my opinion.
Ghanta. 12 stock grant hota hai aur tax kaat kar 8 stock vest. Duniya bahut zaalim hai.
@@RiturajSinghs abeee lekin use har saal itna tax nahi dena padta na aur vese bhi stocks me long term capital gain almost negligible rehte he tuze pata nai kya
@@sh73764 it will vary company to company if you think your company will perform good then you can take that risk.
stocks are taxed when they are granted from what I have read@@jhmshorts6071
Kudos brother..!!
Great …Even Uber car drivers getting 1.5 - 2 lakhs per month … but tech industry jobs we need to pay much taxes
Lol Uber drivers don’t earn more than 50k
@@exoticindiaa I heard not all ..but mostly seniors holding four and five cars …getting good revenue s
@@EVikasamapptha😢s basically is a busineess not a job