Personal Finance

From penny-pinching to investing, let's talk money moves that would make Warren Buffett proud.
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a team manager
4mo
I feel renting a flat/house is much more beneficial especially in the early career stage when you are expected to relocate based on your job. And then eventually buying an house as an investment for future generations in your late thirties. What do you guys say? Tbh, I am just seeking validation here🥲 Image credits: Marketing Mind
a software developer
5mo
High EMIs: Is It a Smart Move?
I'm thinking of buying a 2BHK in Mumbai, but the prices are sky-high! I'm looking at flats that are a bit small, but they're still going for around 2-2.4 crores. Since I don't have that much saved up, I'm planning to take out a loan of at least 1.5 crores. Combined with the EMIs I'm already paying for another house, my total monthly EMIs would be around 45% of my and my wife's combined salary. Do you think this is a good idea? I'm worried about having enough liquidity in case of an emergency. My wife does have some money invested in shares, though. Any advice would be appreciated!
crunchytikka
4mo
works at
How to Pay for a Home: My Options and Dilemmas
I'm thinking about buying a home in a big city and it'll cost around 90 lakhs. I've saved up half the money already, but I need help figuring out how to pay for the rest. I have a few options: Use my mutual funds and stocks: I could sell some of my investments. Take money from my PF: I could withdraw money from my provident fund. Get a home loan: I could borrow money from a bank. A combination of these: I could do a mix of these options. I'm planning to keep working for another 20 years, and I don't want to ask my family or friends for help. What do you think is the best way to go about this? Can you tell me the pros and cons of each option?
friendlyneighbour
5mo
works at
Net worth of Virat Kohli: 1100 crore Net worth of Ajay Jadeja: 1400 crore (after becoming heir to Jamnagar Royal throne) Years of talent vs inheriting generational wealth🥲 However, Ajay Jadeja might not be able spend his wealth as freely as Virat can! Afterall khud ka kamaya hua paisa hits different✨
What do you think is better?
Generational Wealth🔥
Talent😏
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a sales executive
5mo
How Much Do You Invest?
I'm curious to know how others manage their finances. I used to have a monthly take-home of 1.75 lakhs, but it's now around 2.1 lakhs. Out of that, I allocated 70k to SIPs and 30k to stocks (through a small case). On average, that's about 57% of my monthly income going towards investments. My current portfolio size is around 33.5 lakhs. Let's share our investment strategies! How do you allocate your income between savings and spending?
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