Living on a 1 Crore + Package in India | Fix your Finance Ep. 28
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- Опубліковано 20 сер 2024
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Hello guys, welcome to another episode of Fix your Finance. In today's episode, we meet Akshay (Senior engineering manager) and Tulika(Sectional manager) who work in the semiconductor industry and have a combined package of 1 crore + .
Today, we talk about:
-Their income, expenses and investments
-Real estate investments
-Real estate VS Stock market
-Portfolio Management Services (PMS)
-PMS vs Stock market
and much more.
Enjoy :)
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Disclaimer: Neither the guest nor I am a SEBI registered investment advisor. Information shared is only for educational purposes and not investment advice.
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I assume that, since they are both working, they only have time to spend with their child on weekends and holidays. However, this is the lifestyle they are striving to maintain, and it's exactly what I am trying to avoid. I've been working hard for the past 10 years to save enough to start something back in my hometown where my entire family and relatives live. My wife and I want to move there and start a family. We've invested heavily towards this lifestyle, having purchased a 2 bigha land and constructed a 3 bhk farmhouse with ample space to grow crops, raise chickens, and enjoy the clean air and pure water. We've even hired people to take care of the gardening and chickens. With all our relatives nearby, we can spend all the time we want with our kids while enjoying fresh, juicy homegrown veggies.
that sounds like a good plan, away from rat race, best luck !!
❤
Everyone can't do that, moreover why did you assumed these guys didn't saved. They can retire anytime they want. They have a lavish home which they bought and more than 50 L in savings, they are very smart, saving 3 L per month.
Glad you put it in a way which does not sound judgemental. You do you while they can do what makes them happy.
I am thinking of the same bro. I also bought land in hills, I am now investing 80 per of my income in hydropower projects and in 5 years my dream will be complete. I am going to make a wooden house and also a hotel for digital nomads.
Thanks a lot for featuring us. The conversations were insightful on and off camera. Great going.
You seem to be a very good listener.. any tips on how to develop it?? and had clear thoughts while answering.. patiently waited before answering too
@Narayanan Sreenivasan glad to be of help. I understand my shortcomings clearly, and I own them. So whenever I have someone/something to observe it triggers this response.
Great to see my St. Anselm's buddy featured on this channel :) -- (Amit Pathak)
U guys can be an ideal example here! This content should educate a lot of youngstar
Glad to see people from semiconductor industry getting featured in the series.
Binge watched all the Fix your Finance videos, great work !!!
Glad you like them!
@@anshumanfinance Quite a unique and simplified way of learning about Personal Finance, as they say, "one of the best ways to learn is through other people's experiences". Loved the Format, keep going !!!
Me too
They are both in lockstep. In agreement. This is very important for running a successful household. They trust each other and each others reasoning. That is the real wealth.
Great couple not just because of what they earn because of their eagerness to learn even at senior roles in their carrier.
Good episode. Good luck 👍
Glad to be here sir. Regards.
This is more like 'Flex your finance'. 🗿
I love this series! Keep them coming Anshuman
Bhai you take interviews of people earning and achieved so much in life
What have you achieved and who are you to give advice to them ???
I don't understand sometimes
the last 20 s what you said anshuman bhai was really worth hearing ki pehle hi sab kuch nahi Karo 1 st let us have enough to be sorted so that v shd not take money for our luxuries I always tell my wife ki pehle paise bana lete hein then need to think Abt luxuries ...v both get Abt 4lak 65 k in our hand nd have invested about 80 lk in real estate ,35 lk in Mf + stocks ,18 lk in Ppf ,not boasting of my self t s just hard v have put together becas some 4 years bk v had debts Abt 10 lakhs which v paid nd ever v took holidays r any luxury items for ourself nd most importantly v have 2 kids nd v r planning for there education ..but now v r more relaxed n the way tat v enjoy go for occasional vacations nd buy gold jewelleries ...thanks for the wonderful episode again
Great story Nagaraj, you are an inspiration :)
Can you share your role, tech stack and yrs of exp to reach this salary ?
Hi yogesh I am a doctor working as an radiologist and wife s an anesthesiologist she too is a doctor we both are being paid about 5 lk 19 k monthly so including incentives nd all ...we both are 7 years happily married with 2 kids nd have started our financial journey just 5 years back where we got a certain good hike in our salary and then we started saving money and doin something for us ..
@@nagarajbiradar2390 Hello sir can I know at what age does doctor can earn the amount you mentioned?
@@amazingworld8580 32 age . i m doc
Just 2 days I started watching ur channel.. I used to follow 4-5 financial influencers .. every influencers hav more than 1 million subscribers .. I see a different content with full transparency in practical counting .. keep continue your good job.. will watch your videos hereafter
Thank you and welcome to the world of fix your finance :D
2.5lacs school fee for UKG! Come on...
5 lakh bhi hai
@@dhanorilohegaon3472Aisa kya padhate hai ?
Schooling for kids start from 1.2 lakh in Bangalore/Mumbai.. 2-2.5 lakh comes under category of good schools in reasonable budget. There are schools which charge 4-5 lakhs as well.
My brothers daughters one is in 7th std other is in 2nd std. Older ones monthly school fees is 48k and small ones is 35k in Abu Dhabi. What a joke going around these education systems
@@dame_817 exactly i am also unable to understand that. My school fees till 10th was only 100 rs per month
Show some interviews on monthly salary of around 30k-60k
Where most of the people falls under this
His circles and target audience is different i guess always on the look out for 50 L and north salaries.
Don't get judgemental by seeing salary figures. Still there is always something to learn in these videos that I felt
Come to Bangalore/Mumbai.. people earning 25L CTC feels like begger here. As savings are hardly 10% for these people.
I have made a few episodes in this range and will continue to do even in the future
@@anshumanfinance Thank you
Anushman Feature a vedio about a government servant please!!
Yes please
Yes That is a very good idea
Looking for one, hopefully will find such people in other cities
Mithai ka dabba bhijwa dijiye,
Wo ajayenge
Usme aapke salary ke upar kitna side me kamaate ho? Would be a good question to ask!
Agree about PMSs. Avoid them. Only if you have a portfolio of 10 crore then invest 1 crore in PMS for diversification.
A humble request, please continue asking questions in line of what should a person do in order to increase earning potential.
I earn 20 k monthly.i m spending on poor children education n needs like foods I spent ....still m very happy
Are you really happy?
Anshuman you should have a small 30 sec intro explaining the series and also how to participate. Comments mai Logo ko pata hi nahi hai about the gform
Noted
I am kind of addictive to Fix your Finance videos :)
IT people who just started off , can see how expensive Bangalore schools can be 25k / month for nursery .
That's not all true. Maybe you are talking very specific. Its generally 50-60k per year.
Maine itne mai engineering ki hai
@@prathmeshsingh3912 Can you find schools under 1 lakh fees for cbse board in Indiranagar Bangalore City, not outskirts, will be grateful to you .
In Hyderabad it is the same. Any decent school is charging 25000 rupees monthly fees. The cheaper schools are full even before your fill the admission form.
@@varshasindhu5672 people outside of metro cities don't understand that. They think we are showing off by taking admission for child in 2 lakh fees school.
anshuman need a doctor on this series 😎
You should create a series of doctors only. There are so many myths around doctors.
Definitely, waiting for such profiles
Doctors earns crores of money as black
The number one reason, you are able to land in such companies with such high salaries is NETWORKING, NOT YOUR SKILL SET. I have seen the dumbest of students in my class who couldn't put 2 and 2 together land in such companies because they had extroverted personalities with good communication skills and confidence in bullshitting about learning and keeping updated with new technical skills.
Skills do not matter, the only thing that matters are your networking skills.
To anyone reading networking can be done even if you are introvert. Finding and Networking with right people doesn't always depend on personality type.
Agree
Agree.
I partially disagree on your take as networking do play a major role in cracking a good package but without enough skills they will eventually be fired because of incompetence
Skills do matter at job. Package grabbed through networking will continue only if you perform and don't become a liability for the referrer.
2.5 lac school fee ne garibi ka thappad maar diya
Itne mei toh BTech ho jayegi 😂😂😂
right 😢😢😢 etna ek middle class monthly kmata h
@@neeruksingh monthly ya yearly?
@@Mr.VAGlNA yes it depends. for ex- Few Software engineers earn actually in a month but its actually suits middle class as yearly 🙂
My engineering fee was 2.4 lakh per year when i passed in 2007😊
There is so much to learn from this couple 👏🥺👏👏😊👍🙏
Buying time for yourself is the best investment of your money, because independence is the main motive of earning money
Legend is watching this video just to check CTC and in which field they are working
Very insightful video. Its AMD and happiest minds i guess
Anshuman makes great series!!
My favourite UA-cam channel 🎉day by day quality of contents increasing,keep continue the good work
❤❤
5 lakh salary couple, you are asking Fridge, tv bought on emi . This is like a joke ?
this guys is good son. sending 40k for there parents.
I love it especially that it has only been 3 hours since the upload
Bro these videos make me question my skills and my existence on this planet earth.😢
School fees are insane 😂 : Anshuman said it there ki mere college ke fees v itna nahi tha 😅
You forgot to mention that 'past returns are not guarantee of smiliar future returns'. Check dow jones chart of 1920s-1930s, 30+ yrs of bear market.
Great episode! Thank you !
I NEVER WANT TO LEAD SUCH A LIFE
All the best
Great work Anshuman 🎉
Best video of this series. Learned alot
So this is a flex channel now?
Thats exactly what I feel too! Similar to guys posting is 50LPA salary enough in Banglore. Lol
My monthly income is 4,13,000 and my wife earns around 90k per month. Shes 27 and I am in early 30's. We both could pretty much relate to this video.
Loving the series a lot.
Jotted down few key points. Hope me and my wife would be able to achieve like these couples in the coming future.
What do you do for a living sir ?
Anshuman, aapki advice seriously bohot zyada basic hoti hai. If someone does not know anything about money then it might help, but it's nothing advance which is a displace of expertise
When they talk about the in hand salary, do they include the bonus and RSUs as well?
no
Nope
in hand salary is what you get in the bank after taxes and all, CTC includes bonus and rsu's etc
No. That's why CTC is very much
Please do consider adding subtitles when you speak Hindi. Humble request
My business revenue this month is 420000₹ but my bank balance is 1500₹
Remember learning has earning in it ....upskill learn which leads to higher package very simple . Dont just jump companies eventually you will be overpaid and may not sustain. The value you bring on table is determining factor for your compensation and professional growth.
Bro you deserve more subs ❤️ keep making more realistic videos
Mutual funds are overrated please explore ETF’s like nifty bees, mid cap bees, etc
Since how many years are you investing in mutual funds?
Meanwhile me and other doctors like me working for 20+ years and earning about 1.5 lacs / mth now! At almost 50 years of age. So kauch for higher education
private practice chalu kro mam
A very informative episode..
Not wahi ghisa pita Q&A..
This is what maturity is... A very well planned couple in most of the aspects of life.. earn enjoy and save for the future.. fulfill ur fancy dream but no need to rush..
Abe uska package to dekh
Mare circle may sab ka yahi range package hay par not everyone has such clarity with wants and needs..
What to buy in EMI not what not to...
Nice video, Ashutosh you are giving really nice advice to people and i m also following it
Thank You Very Much
Informative and practical learning video.
plz share a complete video on mutual fund and PMS.
Tulika works at American semiconductor company in Bengaluru……is that LAM or AMAT ?
brother could you please make a detailed video about the comparison between PMS vs mutual funds vs index funds.
thank you for the video
You should talk in English and encourage the guest also to talk in English so more people can understand
Or provide subtitle.
To those who are confused, 50 lakhs is the ctc and not the actual inhand. Thats why inhand is 2.3 lakhs after tax deductions, so 34 lakhs maybe inhand.
Yes,I have a similar question ...60lakhs CTC and in hand is only 2.5 ....assuming another 30% tax adding to it 3.3 lakhs in hand .....
Bhai sabki linkedin I'd bhe attached kr diya kr
Anshuman try to invite people from different profession s aswell not only IT people
Bhai jinka yearly income 1cr rs hogi wo q emi m khareednege
I have never seen a guy telling 10percent of money goes to the needy and poor orphans education, 😢
Do you give your 10 percent to poors and orphans?
If no then gyan mat pelo khud ki mehnat ki hai unhone shakal dekho unki 12 baje huwe hain raat din mehnat karke
CTC is so misleading man, ctc 55 crore take home 2 rupaiyaa!
Feel bad for the poor cook getting 4k/month.
Underpaying these workers is a shame.
So if the cook works 8 hours a day like every1 and 1 hour per house, he earns 32k a month ... true he should earn at least 1 lac...
exactly this filthy rich always exploits poor
He is coocking once a day just once a day
You give half of your salary to cook bro
Dude there is a limit. One can only cook at a few houses, and the real problem is physical work, as you have to be walking or standing up all day, with the constant thought that food has to taste good, else they may lose their job. Also, kitchens are usually hot and humid and they cook twice a day for all, so I doubt they can work for more than 5 houses a day.
Also spend on health ,that's an investment too ,or do savings regarding health (dont do stuff at price of health ),kindly include this point as well.
Your videos inspiring us to switch the low paying jobs.
I've a PMS account with a SEBI registered company and I pay only fixed fee of 2%. There is another plan where you pay 1% fixed fee and 15% profit share after 10% hurdle rate. This is almost comparable with mutual funds but gives better r turns on long term. If you can afford, i would suggest you to go with PMS.
Hi Nandini, PMS from which AUM ??, Can you pls tell me the returns they r giving yearly ...
Ok aunty
@@sivanagendra1541 I'm invested with Stallion Asset since last 4years... although returns from last 2 years aren't good in a bear market, I'm still in profit of around 60% ..
@Nandini MS 60%...amazing
@@nandinims9472 can we connect via LinkedIn ..?
@Anushman Sharma, can you give me some advice, my current monthly income is 4.3L. I am 34 years old. I do not have any loans. can you give me some advice on how i can invest to have a better future and also plan on getting a house and a car in the next 1-2years
Tell me this is a joke 😂
Itni salaries kaun de rha h?!?
@@pranitgandhi6832 why would I joke?
@@YASH-cz6ir if your skilled you are valuable
@@Ye3t572 are you in tech or managerial position?
I tried searching video for "how to select mutual funds" , couldn't find
Easier times create weak people. They are living a dream life no doubt about that but their kid is gonna grow up detached from their parents. Fax
mam has very good biceps😁
Ye kya ctc hai... 53L ctc and in hand 2.4 L ? So much bloated ctc 😮
heard of ESOPs?
Muskuraiye aap Private sector me hai 😂
Yes it's correct, life mein jab age badoge to apko pta chalega all the instrument to keep you middle class, package 1 CR ka ho tb in hand 5 L milega, ghar lelo for baki kharche even top people can't break barrier and bcom rich. Tax invasion is a method
He pays a more than 1 lakh per month as taxes
Out of this around 15 lakh tax and 5 lakh variable and 3 lakh pf.. so after these deduction it's only 30 lakh in hand.
Very Good video 🎉
12 percent club or Bharath pay 12% interest on max 10lakhs gives 1,20,000 every year. It is comes with no risks and you can take your money whenever you want, what is your opinion bro?
Damn.. am poor... 😅😅😅
Most surprising facts out of all these clips is the School fee of kids !! insane amounts for youngsters !!
Government school are best
Sorry Anshuman, I will be unsubscribing from your channel. Your content is no more relevant to me.
Not sure how many of us have 30, 40, 50Lac & 1Cr. Packages.
This doesnt makes sense to most of us
That's because you are just like your friends. It's entirely upto you. This type of fixed-mindset leads to scenarios like this only, wo kahan aur hm kahan !
Awww 😂😂😂
Think how you can reach that level. Try to Increase the skill set. These people also tell which certifications they did which gave them this great hike. Try to relate things to your life and learn :)
@@msdadsfsx really everyone earns 50?
Aww bura laga
Male voice is very low and unclear...
make videos about other fields too like graphic designers and so
Yes... Jaise hi m Apna Pehla Payment kRunga... Vaise hi aapko bhi meri taraf se ek special Bonus 🤣😂😂😂
can any one plz tell me what semiconductor company are they talking about is it writing the software for vsli or manufacturing company in India
Looks like broadcom or Deloitte.
Bro please create a course on investment for newbies like me🙏
Which companies do they work in?
Kaam wali bai "saheb pagar badana padega" after this video
They can buy index etf and gold etf in 10years surely they will beat their counterparts for sure
Wow my dream job.. SC fav
Semiconductor industry will be the next big thing for n india
Term insurance from company side ok but please check if they have included all riders.. usually small private companies don't include critical illness such as heart attack! .... of course for these high earners people it's not a problem
They dont look happy ...
@ayushman , is there any trusted platform where we can Invest in startups ?
They look kinda tired and depressed. I think some people get so lost in work they forget to have a life
Thank God make more I live for this shit
Fix your finances best
Power couple
I have term insurance with 1cr which includes critical illness and accident cover .
And I have health insurance offered by my company .
Do I still need to opt for separate health insurance .
Can you tell which company they work for ? I also work for semiconductor industry 😄
package tho 52L hai 1 Cr Kyu likha hai
Including both compensation Bhai
dono ka milake
@@blockchainbantaisikhnatoub3923 dono ko mila k 55L hai bhai
CTC/ package dono ka milake is 1cr
In-hand is 2.4 lac + 2.6 lac = 5 lac/month dono ka milake
Yaani 60 lac/year in hand
@@Gauravbedii CTC 1crore after taxes 5 lack
If you make 1 crore per year, it will take 50 years to Make 50 Crore. Assuming you stared at 30 years.
Kim Kardashian charges Rs 8 Crore per post 🙄
Heard of compounding.. your comment is incorrect..
Omw to get a boob and ass job done. (Shit main toh ladka hu)🥲
Kha hum normal indian middle class log kha wo kardashians bhai, comparison hi ni h bc 😂
@@saksham_mahendru Compounding works but I don't wanna enjoy my life when I'm 80 years old 🤗
bhai jo 1 cr kama raha.. wo tax nahi bacha sakta..
Dude add their LinkedIn too , duh 🙄
Ye bohot Jada spending karte h bhai bachha to Sala Pura expenses kha ja raha h .kon sa guaranteed collector ban ke niklega.
Agreed
Kuch ni bhai ab itna pesa hai to bache pe hi kharch kar rahe wo log. Inko khud me pese udana ata nahi hai to theek hi hai
Ctc is 50 lakhs plus and in hand only 2.5 plus ..?
Adding another 30% will bring them to 3.3 lakha which is 40 around ....
Why not mutual funds? Why not nifty SIP?