[India] savings goal evaluation / validation

Microsoft carburetor
Aug 17 33 Comments

Have somewhere around 35L in savings (includes approximately half liquid & half further split equally in cryptos & 80c instruments over the years, absolutely illiquid)

this is coming from 5yoe (3 of which happened at 🥜 paying company)🙍🏽‍♂️

assuming that I sell stock harvests every year I evaluate a safe ballpark for savings to be 25L/year now onwards (have set a safe 50k/month expenditure)

so the plan is to hit 1cr liquid in dot 3 years.

hows the plan look like? when were you able to hit 1cr liquid?

also this post assumes that I dont cater to my AMG or Jag itch🤦🏻‍♂️

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TOP 33 Comments
  • New / Eng CoolKid!
    Saving 25L/yr ? Can you explain how? Also what's your TC?
    Aug 17 11
  • Amazon halfasser
    I hit 1cr at 31. On course to hit 2cr at 34. As they say first million is the hardest.
    Aug 18 11
    • Facebook / Eng
      dividebyz

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      dividebyzmore
      Nope. Plain old investing. It's just a target, I'm not at 70Cr. Not even halfway there yet.
      Aug 19
    • Microsoft veg momos
      Mind if I ask what is your age? You can give a range too. 34-36?

      Oh I just saw your tag. Facebook. So you are not in India & 70cr == 10M$

      Dont know if criteria & saving goals would be geography agnostic. Cant be. Purchasing power parity 🤔
      Aug 19
    • Facebook / Eng
      dividebyz

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      dividebyzmore
      I moved out of India because I wasn't meeting my target.
      Aug 19
    • Qualcomm / Eng qcomSam
      @dividebyz when did you move out? Ms or internal transfer through a company or directly applied in US? Are you planning to come back to India at 40?
      Aug 20
    • Facebook / Eng
      dividebyz

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      dividebyzmore
      I moved out about 5 years ago, applying directly to FANG. Was originally planning to return at 40, but if I meet my financial targets I have a lot more options.
      Aug 20
  • Facebook / Eng
    dividebyz

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    dividebyzmore
    What's dot 3 years? Is that 0.3 ?
    1 Cr per annum ?
    Aug 17 6
    • Facebook / Eng
      dividebyz

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      dividebyzmore
      You should aim higher. 1 Cr per annum isn't hard
      Aug 17
    • Microsoft carburetor
      OP
      🙄 I am not in super senior management / principal levels.

      I am in mid senior career level. 5YOE.
      Aug 17
    • Facebook / Eng
      dividebyz

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      dividebyzmore
      As an engineer. You have 5 YOE. Not a bad target to have for 3 years
      Aug 17
    • Microsoft carburetor
      OP
      Oh I think we are talking about two different aspects. Sure I do aim to hit 1cr tc in 3-4 years.

      The post is about having saved 1cr ₹ in next 3 years. Are we on the same page about this? 😟
      Aug 17
    • Facebook / Eng
      dividebyz

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      dividebyzmore
      You're currently saving about 50% of your pre-tax income. Why won't you reach 1 Cr of savings if you hit 1 Cr per annum of income ?
      Aug 17
  • Amazon
    unclebejjo

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    unclebejjomore
    What is your TC, how much of it you save, what are your stock grants worth?
    Aug 18 0
  • Medallia qwertyca
    Don’t you pay tax??
    Aug 17 0

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