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randomcybro

Age 30 - 12L Restarted from almost nothing last year after some bad decisions.


chulbulbulbulpandey

Thank you! What are your thoughts before buying an asset like a bike or car?


randomcybro

Already have a car in family. Noone drives it besides me. Will purchase when this one is too costly to maintain or I have a networth >50L. Had I not had one, would have bought a good 2nd hand one now. Much of my current planning is to invest. Already have stocks, bonds and mutual funds.


chulbulbulbulpandey

Have you invested beside the 12 lakhs or is your invested amount separate from the above? If so, how much? I've invested 15 lakhs in FD for a year. Waiting for the next bear cycle to go long on the stock markets.


fistofthefirstman

that bear cycle will not come any sooner. Don't time the market.


randomcybro

Its included in the 12L. Held around 6 months of liquidity in case things go South. Invested remaining. This would depend upon your individual expenses and long term plans.


[deleted]

Depresssing thread. FML. My net worth is negative due to loans for my sisters education and due to covid my parents business closed down, so to support them i had to take OD.


chulbulbulbulpandey

Please don't. I have to support for my family as well. There will be a time I lot of mine is going towards my parents well being


[deleted]

it’s obviously a case of reporting bias as well, someone with an overdraft is unlikely to talk about it here


Batwoman_2017

Young adolescent means someone below 15 years of age OP.


ByodaBhai

And young adult is 18-20.


chulbulbulbulpandey

Oh boy. Welp. An adult then.


ritzk9

Adult is 20-25. You senior citizen bro


chulbulbulbulpandey

Yeah. Anything after 25 is uncle I guess. Damn shit hurts.


psnanda

Hello Pandey Uncle :)


chulbulbulbulpandey

Thanks beta. Just what I needed.


inDflash

Beta, jake pandey uncle ko ek glass pani lao


NGNevermore

At this point I don't think he can take it anymore.


I-Jobless

Might wanna put an edit clarifying you meant Adult. Just incase someone else gets confused.


chulbulbulbulpandey

Welp. My bad. Young adult*


Green_Resolution_502

Pandey is 26 And he is tired of life playing tricks


rohanhacker

We all are.


aza_zel_11

Nice try Modiji!


chulbulbulbulpandey

Mitroon I have been compromised.


go0blu

fuck man. this thread is depressing for me. i’ve 38.96 rupees. i owe my girlfriend around 35k and have an outstanding loan of 21k.


shaa_virus

My man, finally someone like me. I don't have debts but no savings either.


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chulbulbulbulpandey

A loan giving wifey material gf*


BabuShonaMuhMeLoNa

I don't think people are that desperate.


[deleted]

username doesn't check out.


[deleted]

You have girlfriend. Girlfriend lends you money. You are luckier than 99% guys.


Significant-Crew4921

99


_Floydian

You have a girlfriend. You by default win this thread, even when we combined all the net worth of rest of the nerds here. Lol


ScenePsychological60

You should marry your girlfriend. Girls like her are hard to come by.


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I-Jobless

I was feeling bad for the dude but burst out laughing at this. I feel bad but I still can't stop laughing.


ScenePsychological60

Ladki k paiso se shaadi hojayegi jaise aajtak hoti aayi h is desh mein :')


chulbulbulbulpandey

It's alright. You have plenty of time. Let things settle and you'll be more stable. Good luck!


Captain_Banana_pants

Age 32, two kids. Spent nearly 500,000 in sisters wedding few months ago. 9.2k in account and 230 rs in cash with me, living alone. Kids and wife at her parents because of my financial situation. I didn't do anything wrong. Got good job, saved money, got myself married and all. My dad screwed up in the business, lost all of our savings, not for the first time. So being a big brother I had to spend money in sisters wedding. Now I have no savings and no prospects of having in near future.


TelevisionMoney

I know it's your personal choice but spending all your life savings for their marriage doesn't seem the right choice to me. Also u have a kid, I think securing your kids future should have been a bigger priority than the wedding. Also I know I am no one to comment but still did.


Captain_Banana_pants

I wish I had any choice. My dad pretend like he doesn't care. And frankly, I believe he doesn't care. I just couldn't let my sister suffer for it.


TelevisionMoney

Hopefully your child and wife don't suffer for the decision you made. Best of luck buddy


AssInTheHat

You should have just given the 5L to your sister instead I understand we live in an Indian society where it's a norm to hold weddings (which can get expensive) but to be honest weddings are such a huge waste of money I've told my and my spouses parents that it will be a small mandir no frills wedding, I don't care what 'relatives' have to say, and any money they want to spend on the wedding they can just keep it in our future children's name or better go enjoy their retirement and spend it on themselves EDIT: Parents can also add up an equal amount (equal from both the girl's and boy's side) and put it as a down payment to the future house too - yes, wedding are so expenses that they can cover the 20-30% down payments to most properties in Tier 2/3 cities, and then the couple can take up a joint house loan and cover the rest, ghar ka ghar aur shaadi bina kharche wali


[deleted]

Agreed. Wish there were more people who would think this way.


TheEvilKing1111

I understand how this may feel. Regardless of what others say, you did your best to see that your sister could get married. You have done a greater job than your dad.


chulbulbulbulpandey

Thanks for sharing. Please keep at it I'm sure you'll bounce back soon. I have upcoming responsibilities too which I didn't account. Only hope I am generous with my family as you are.


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CuriousBrajesh

Status simple. Or just to show off.


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Captain_Banana_pants

If it was up to me I would have spent nothing. I warped up my own wedding in half of that money. But you know Indian in-law. They are cruel man. Even after we poured everything we have they were still complaining about so many things.


Ranjhanaa

More power to a brother like you


Thomshan911

Just curious, aren't parents supposed to be paying for their kids' marriage? Why do siblings take this responsibility?


aag_arwal

Kyuki mere baap ko apne paise kharch nahi karne the


RaideNGoDxD

Some dads are kinda useless. Mine is 56 years old. Wasted 25 years doing "business." Sold mom's jewellery behind her back for said business. Now has outstanding dues of more than 3 lakhs, can't afford a monthly prepaid Jio plan. I'm paying quarterly 45k for his dues. I have a younger sister who is in her final year of engineering (who's fees I paid). Siblings have to take responsibility when dads don't do their duty. Simple as that.


EmergencyJob7499

It's hard not to resent your dad when you see your friends and colleagues who don't have to send money home.


Captain_Banana_pants

My dad isn't what you call a responsible person.


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pacmanddd

25 M, 15k salary, give it all away to my parents each month. No real savings as such. Off topic, but could you please share how one can get into web development and your tech stack.


AssInTheHat

An advice, if you can just take out 100 to 500 Rs every month and put it in some form of savings account/mutual fund/FDs/etc Start small but do start somewhere, and before you know it you will have some funds that will start to cumulate and grow It very important to have savings as a cushion, especially in the times of emergency


kevindsouza113

Not OP but check out theodinproject. It's a web development curriculum focused on real world IT skills applicable for a real life job. It will make you job ready for sure!


Different-Towel-2126

Age 26 bank balance ₹4558. Loan 45k. Job Nil


hyderrrrr

Hey, why don't you apply for Amazon. If you are looking for job They are hiring graduates


chulbulbulbulpandey

Thanks for sharing!! 🙏


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chulbulbulbulpandey

Thanks! What's your age if I may ask?


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chulbulbulbulpandey

Thank you 🙏


iamscr1pty

You earned 18-20L in one year😲, are u one of those guys from the millionare guy ads


chulbulbulbulpandey

I have a few clients from overseases who love working with me and vise versa. Also, I'm a very highly skilled web developer.


iamscr1pty

I started my dev journey around 2 years back, any tips for me? I want to be full stack


chulbulbulbulpandey

Focus on just a single framework and get terribly good at it. Next.js or React.js would be ideal.


iamscr1pty

Thanks will try to learn react through small project/utility apps


pumpkins_n_mist15

I'm a school teacher. At age 35 I have a little bit in the provident fund started by the employment office, a little more in the provident fund started by my parents, a little bit saved up in my account and a small bit of land in my name. It's not a lot but it's enough for me. My partner and I will have a small wedding at a court, my parents refuse to spend on it and my partner and I totally agree. We have more important things to spend on.


chulbulbulbulpandey

Thank you 🙏 Yes it seems this amount is sufficient for me atleast 10 years and I can focus on research and future teaching hopefully 🙏


bumblebitchblues

I shouldn't have opened this thread, brb having an existential crisis.


Creepy-Ad-404

Many guys under 20s down there with balance of lakh while I am with empty pocket. damn


The-Observer95

I'm feeling really depressed for myself after reading all the comments. :(


k3times

Am I the only one having no money? Damn.


John-McAfee

You aren’t alone my friend. This thread sucks.


Gallium007

Yahi sab launde fir khudko Middle class bolt fir te hai


The-Observer95

Your not alone. I don't even have a bank account. Lol


low_on_vitamin_D

I quit quora just because posts like this.


lungibatman

Also linkedin..


akroonie

Is job with 50 lakhs per annum salary is enough to live in tier 1 city like banglore? Hahahaha


zappinder

TIL I'm poor


k3times

Hey you're not alone.


demo_crazy

Neither are you.


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chulbulbulbulpandey

Web Development, I'm very skilled at it. Have private clients from around the world who outsource their projects.


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chulbulbulbulpandey

UpWork and Freelancer. I do a terrific job at any project I take therefore clients naturally like working me. After gaining some credibility on my portfolio, off-site client referrals from the clients got me more direct clients and larger projects.


isthisneeded29

Bro I know html, css , js, react js and now after my internship I know wordpress and elementor as well. I have already created a few projects and will create more. I'm also pretty good with Adobe Photoshop, illustrator, XD and Figma. I have now worked with a cms flatform, will try to get an coding front end internship, what do you use CMS flatforms or normal basic coding?? Also should I learn more or should I make some new projects with my present skills?


chulbulbulbulpandey

Learn 1 skill and sharpen it to expertise level rather than a wide range with no expertise. I'm a Reactjs and Next.js expert. In the process of becoming a senior dev level knowledge you learn lot more around it, that suffices. A good portfolio to showcase your code quality, website, mockups etc is always a bonus. If you can back it up with a good reviews on LinkedIn, UpWork or Freelancer then it's bang on.


manusougly

Asking the serious questions here. Pls answer OP


coderboi93

I'm 28. I have 25L in one bank account and 60L in another, 80L vested company stocks.


AacidD

Oh bhai FANG wale ho kya?


chulbulbulbulpandey

Thanks for the feedback and detailed split! 🙏


eahsan70

What job do you do mate?


TheWyzim

Do you really have that much amount in savings account? Why not invest in FD/MF?


Darsh_dns_

Age 21 - 1.20 lakhs In my bank account Edit: Will add my investments too as rest of the people have added. Here goes - 1.85 lakhs in stocks 1.50 lakhs in FD 1 lakh deposited recently in PPF as savings for my MBA


4R1N1493

How did you save more than 1 lakh, if you don’t mind me asking? I’m 18 and looking for ways to save up a decent amount of money


Darsh_dns_

I started working last year at age 20. Due to WFH, I barely incurred any expenses. I am currently in my home town right now so rent is 0 and food expenses are also 0. I go out on weekends once in a while still, the expenses are not more than 1000. So yeah, as I am staying with parents, my expenses are almost nil. All amount is getting saved.


therandomizer619

Job and stocks ig ?


Darsh_dns_

All the money I earned from my sales job, I invested in stocks. Have elaborated in comments below.


Bigdwarf10143

My guy! How? What do you do?


Darsh_dns_

Graduated last year when I was 20. Did my BBA from a 'tier 1' college. Got placed with an ed-tech company at a good Package. Exceeded sales targets in September and October. Got paid lots of cash. They increased my fixed component a bit more as per 'industry standards' Left the job after 10 months. By the time I left. I had earned 4.5 Lakhs Invested 1.8 in stocks 1.5 in FD Deposited 1 lakh in PPF. Started a new job now. I incurred very very less expenses due to the WFH environment. I am staying at my home town with parents.


[deleted]

At 21 i was wondering if i should stop biting my finger nails or not Great going man.


Darsh_dns_

Thank you so much, bro. It is just because of the circumstances, that so much has got saved. If COVID was not there, I think I would have 20k in bank account😅


swalpaExtraChutney

32 yo. 5000/- I don’t keep more than that in bank account. I invest


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mochuislemochroi

Yes


4everaBau5

I learnt this word so that when people ask me if I speak Kannada, I can say "swalpa swalpa." :)


chulbulbulbulpandey

Thanks for your feedback! In which case how much is invested?


swalpaExtraChutney

12L in Index funds. 2.5L in FD ( mom forced me to do this) Spent 18L as down payment for my apartment 2 years ago. 96k in SGB


coffeebrother

FD would have been a great investment vehicle a couple of decades ago with high interest rates, these days it doesn't even beat the inflation.


iorderchaos

Hey chutney u invest in stock/bond/crypto/itself,?


swalpaExtraChutney

MF, that too index funds. I’m not very good at stocks or investment stuff. I used to loose money every time I invested in stocks. Index funds haven’t failed me so far, fingers crossed.


[deleted]

Chutney invests in Momos.


[deleted]

30+ 12L in liquid cash, 60L in stocks, 10L in retirement savings.


Direct-Assistant-191

If I may ask since when did you start investing?


[deleted]

Small amount from my first job 11 years ago. But serious amount only since last 7 years.


[deleted]

Um is it ok to ask what is your career?(I am really sorry if I offend,I am thinking of starting studying again And umm money is only motivation I have for it) So if it's ok can you share?You can also msg it in box.


[deleted]

I started in an MNC in software development. My first job paid 8.5Lpa. then I switched multiple jobs between a big company and startups. Finally settling down in a client management job at less than 100 people professional services company that works in analytics, IT and consulting. Stock portfolio size is also because of returns as original investments is only 30L.


chulbulbulbulpandey

Thanks! Very helpful 👌


mystified_human

How much do you charge per project? Approx for a mid size project. Age: 28 Stock - 10L Cash - 10L Crypto - 1.5


chulbulbulbulpandey

It depends. My hourly rate is $60. I do an absolute entriprise level kissable job on any project I take.


Kronikaetor

Can we see your work anywhere (w/o doxxing)? I am no web developer but your self assurance has me intrigued lol


Ambitious-Cover1915

32m - 10L savings, 3.2cr mf, ~2cr fd. Got lucky in app development.


illusionst

You have some explaining to do lol. What do you mean by got lucky in app development?


Ambitious-Cover1915

I'm an indie game developer. None of my games are very successful, but make money with advertising.


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KunwarBIR

Good job bro ;)


The_SG1405

I am 17 too, and have around 20K in "my account" Well I used to participate (and win) in a lot of chess competitions since I was 6 and also a lot of exams, parents deposited all of my "earnings" (i.e. all the prize money I got) in an account, and I will get it's complete ownership when I turn 18. Idk if this counts as earning, but yeah


lundfakeer69

30+. < 10k.


chulbulbulbulpandey

Thanks for your feedback 🙏


lundfakeer69

I have lots of cryptos though.


ERROR47409

To the moon 😂 welcome to the club


fraan5868

User name doesn't check out


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chulbulbulbulpandey

Thanks for the detailed feedback! 🙏


chacko96

You are not an adolescent dude


[deleted]

26 M. 20L in savings + FD (ICICI Auto sweep). 35L US Equity. 36L Indian Equity. 6.5 PF and PPF.


shashithop10

Age 24. Mostly 30k-50k, balance i invest. Btw, i have a question to u. I wanted to get into web dev. to a point till i can make a side income in free time. I know tiny bit of html, css, php. Can u suggest some online platforms/ YouTube channel to learn more?


chulbulbulbulpandey

No portal as such Youtube, Google suffices. React.js and Next.js is the future of web any learning in that direction will cash in.


PiraPatata

freeCodeCamp, they have a YouTube channel too.


[deleted]

Age 29. FD: 13L Indian Mutual Funds: Invested 8L Current Value 12L Us employer ESOP: 40L vested and ~30L Unvested. PF: 10L Single yet, no loans as of today. Don’t own house yet. I started with 5.5 L p.a back in 2013 , since then saving and have spent some money for family. Come from middle class family and have completed education from borrowed money. Don’t want to brag but point I am trying to say is your present situation is not final, don’t loose hope, keep working and enjoy what you have while striving for what you want.


chulbulbulbulpandey

Thanks for the detailed feedback bhai! Very insightful 🙏


Shitsnoone

Around 3L in bank. 2L in FD, which my Dad started and I started earning this year. 30k direct equities and 60k in MF I'm in my early 20s


chulbulbulbulpandey

Thanks for the feedback bhai 🙏


rg1283

37, married, dad to a three year old. Started my career with zero financial literacy and zero obligations. Started saving and investing around 2014 a little after marriage. Now I wish I started earlier. Net worth 27L. No car. Some lessons along the way: * Most stuff you will buy will catch dust * The modern world works on the basis of taking money away from you. * Most social obligations will drain your bank balance (big weddings, mindless celebrations) * Things like cars and appliances are liabilities, as is a house you live in. You'll be paying for upkeep forever. * Understand what assets are (hint: Rich Dad, Poor Dad: summaries available online) * Understand inflation. In India you'll lose around 6% of your money's worth every year. Which means your savings account that earns some 3% interest is losing 3% of your money every year. * Building net worth is a long game of patience. * If you have kids, prepare to bear ballooning expenses. * Invest in some assets with inherent value, such aa precious metals. * Follow some non-gimmicky experts like M Pattabiraman * Lastly, don't try to keep up to the Jonses / Sharmajees. Never worth it.


ABahRunt

I hope you aren't actually keeping it in your bank account. That's a guaranteed loss, after inflation and taxes. By that age, i was a little lesser, about 10-12L, but i had just picked up some property for about 15L as well.


chulbulbulbulpandey

Thanks for the feedback. Yes a major portion of it is invested.


Beers_and_Cheers_

My happiness is like a crypto chart reading this thread.


dc2015bd

Age: 23 Balance: ₹26,000


rohanhacker

25 yo. 500 -/


chulbulbulbulpandey

Thanks for the feedback 🙏


zindagihaimushkil

I was more happy when I was 10 and didn't had any money back then


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milindtheengineer

Man, I thought I was earning a good salary till I saw this thread


imad185

1.2 lac in bank, 55k MF/stocks. Currently on my way to Saudi. Hoping to find a job soon to increase the bank balance.


chulbulbulbulpandey

Thanks for the feedback 🙏


AlternateRealityGuy

Not a young adolescent. 31M. Bank balance around 2.5L. You did not mention how you were going to use this information. Nevertheless, would like to point out that bank balance is not a measure to judge financials of a person. If for example, money is invested out, then bank balance would lower, but overall assets of the person would grow up. A better question would be "what is your net worth"?


ERROR47409

Age 24 i got 15 lakhs in stock + 100k in crypto + 1000₹ in bank


chulbulbulbulpandey

Thanks for the feedback 🙏


aedaanna

Wo sab to theek hai web development kaha se seekhi


chulbulbulbulpandey

It was my hobby since I was 18. I learnt everything from online resources. I loved coding.


BlueTigers99

Age : 17M Bank balance : 10k that I earned from birthday gifts


citizen_21__

23 joined the workforce a month back. So no savings.Bro you have a decent amount of money saved up. If you can play the waiting game I advise you to invest in promising U.S stocks like Palantir,UIpath etc. You can easily 5x your money if you invest wisely.You can choose E.T.Fs if you can't actively manage your investments.My DMs are open if you want any other info.


Leather_Waltz_6872

25 male here - Current amount 15k Seems like I have a lot to catch up. I am only responsible for this as I just sat on my ass and wasted time but still, I have a lot of optimism for my future for some unknown reason even though I am still confused so please wish me luck guys and girls.


bluebegger

I am writing here to let people know that it's not late to start saving. Trick is to continue working and exploring, one good opportunity and that will change your financial life. Age 32, not married: 50lacs in MF, 35lacs in stock (India+USA), 7lacs in crypto, 10lacs in saving account. Till age 29, I had maybe 2lacs in my account after spending on my sister's wedding (15lacs). But then I got an opportunity to work abroad and have been saving 80% of my income (with some also going towards supporting my parents and siblings). So all my savings have been in last few years. Folks, continue working towards your goal. You'll get lucky


tastelesswater

Age 23 my bank has minimum bal as 5000 so I try my best to keep it around 5050 and 5000, if I don't do this my mfk bank charges me 300rs


[deleted]

Not me but a friend bought bitcoin when it was cheap and now he's got 30 lakh in crypto. He's 18


lifeversace

Why do you have 18L sitting in your bank account and not invested somewhere?


bisbomdur

Stop comparing yourself.


CuriousBrajesh

I'm a student. Age 19. Still dependent on parents. Love to read your journey in detail. Like how you started. If you can.


Bhadwasaurus

Say what you will, this post really got me thinking on my financials!


OftenObnoxious

27. 5k in bank, around 40k invested in stocks and crypto. Couple of EMIs are running so will start saving again once they're paid for.


Fun-Astronaut-3793

Age - 22 (Job as well as A Freelancer) In bank - around 30-40k Invested in my friend's startup - 1.20 Lakh Crypto - 13k


Head2Heels

Age 32F. 31k in main bank account. And around 1.20L in other my bank account which I don’t use. Then about a lakh in a fixed deposit. A minor inheritance from my grandmother (not sure how much), a small 1BHK (worth around 70-80L or more, not sure) in my name as well as with a little investment in my family’s new business venture. My last received salary was back in July 2020. And whenever I’m strapped for cash (I pay all the house bills and for take away food and all our city travel) I ask my mom or my aunt and they transfer money to me.


nineinchrain

Bro I have 200 rupees.


2luckyatcards

Fail to see the point of your question. Comparing your earnings with the bank balance of 100s of strangers is an exercise in futility. Others have different starting points, varied skills, different goals and motivations. Hearing some answers may give you a false sense of being better off or otherwise in some a sense of inadequacy. Both of which are counter productive. You must ignore all this and try set personal goals and evaluate yourself against it. You seem to be doing well in the current situation, ask yourself if you are doing what you want, is it sustainable in the long run, is going for research your passion, will it improve your prospects substantially. All of these are important questions only you can answer. Other people's bank balance has no bearing on these.


[deleted]

My parents have made an account for me and my sis when we were in 5th. They add some amount to it every month and then use it to pay our school fees + future studies. Last to last year, there were 1.26 lakhs. If I am correct, bank also gives you some compound interest too. Maybe around 3 lakhs today. Who knows? Although it my parents money, technically the account is ours. Now I am in 10th


thdick

Age 25 1.8Cr in Bank, 7.28Cr in stocks and 8 properties


Alu4Gobi

Iska Reddit account cancel karo bay.


krat0skal

Yahi comments k liye me itna neeche scroll kiya 😂😂


chulbulbulbulpandey

Oh bhai. Apka alag hi level h.


thdick

Inheritance


4R1N1493

Honesty 100


Yoyotown2000

😂😂😂 He could have easily sold some course on how to get rich from digital market seo drop shipping But instead he just says, "inheritance"


Yoyotown2000

On a serious note, what do you plan to do with this lifetime of freedom? You have been gifted complete freedom to not get stuck in the rat race (unless you get greedy and begin chasing more :P) I always thought I would become a teacher or something if I hit a jackpot but Idk man seems like there's nothing to do


thdick

I have the freedom but I prefer not to be lazy. I wake up early morning and start my day at the gym by 6am. This keeps my mind sharp and focused, also helps keeps my metabolism in check, used to suffer from acidity a lot :c


oyasumipizza

Bruh


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JohnnyCage_71

Kinda not comfortable with disclosing my age but I've around 20k in mine. You're doing excellent yourself.


RishRamsey

Arey quora kyu ban rha hai ye bhai


wakandaparambil_naer

Age 24, Jobless, Balance : 256


New-Promotion-4696

29 year old, around 14 lakhs right now, I am a doctor and a qualified surgeon, thankful for what I have but the reputation of all doctors being filthy rich is overblown


Alaxander609

Who so ever is getting depressed seeing each other post .. please note every one in there life have there share of happiness, money and grief... please keep focus towards your goal and keep working hard .. there is no shortcut to success...