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I m 34 too. Tier 1 from A0 till now. 12-14% returns per annum & pinching every penny I have about 2 cr.
I guess the reverse may be the case with people in litigation, disputes, IPR etc. as Delhi has comparatively robust market for such practices.
As for me, I have been in-house since the start (it has been 16 years now) in Mumbai with not much net worth as I didn't give much importance to investments in my early days. But really happy to note that youngsters are taking their financial planning seriously and I pray that you all achieve financial independence soon.
About 13L in investments + cash and about 1.5L in liabilities.
Hoping to wipe off liabilities once the bonus hits. Will then think of financing a home.
For instance, I can see this happening in smaller metro cities — Kolkata, Lucknow, Ahmedabad, Chennai etc, where there would be decently big commercial companies to work with etc. I don't see this being the case with Tier 3 cities like Nagpur, Allahabad, Thiruvananthapuram, Chandigarh etc, unless you are at the very top of your field (and that generally doesn't happen without generational contacts/wealth). Other places not on the same level sound too unreal for this to begin with.
Also, I'm assuming that this is commercial/corporate litigation, but I understand that this could be in-house as well (places like ITC?). Do let us know, will help in others like plan longterm. Thank you!
Chennai though ranks 4th in both the above parameters, Tamil Nadu is the second most industrialized State and Chennai is the hub and will soon go past Kolkata and even overtake New Delhi.
Not a lot of expenses, since I live with parents.
Venture is doing fine, but it sure is a risky move - let's see where it goes.
Haha, not sure if it was my calling, but at least it's more interesting than the corporate job (most of the time I was writing decorated emails, which I hated).
Genuinely interested in going independent in such sectors as I am an A2 working in the same field.
Have saved 9.2 L as on date. Haven't invested, will start investing in Jan 2024, very minimal risk investments only. All savings from my salary only.
It's not much but I just save a lot because I don't drink or smoke and travel by the metro among other things.
Thanking youseriouspen@mail.com
I am 29. Started in Lit (2 years approx), then T2- Disputes (1+ years) and now In House (1+ years).
Saved about 5-6 lakhs till now.
5 crores net worth.
Living well. Getting the things I want. Saving/investing where I can.
working in a litigation firm and have saved 5L. Only 5L because I am the sole earner in my family.
SA-2 with 1 career break, not from NLU.
Moved to a T1 for 2 years then moved in house for 1 year in the middle and have continued back to T1 the last 2.5 years. Based out of Bangalore. Saved about 60L (mutual funds, FDs, NPS and some smallcase equity). Savings have exponentially increased the last 2.5 years.
I need mentors
8 lacs saving.
Bought an 80 lac property with my wife (paying the emis] - now worth more than 2.5 cr.
Repaid my education Loan- around 9 lacs.
Spent around 15 lac in my elder sister's marraige.
Spent around 12 lacs in my own marraige including buying jwellery. Spent 10 lacs to renovate my old house for my wife.
Now planning for younger sister's marraige.
My only regret - unable to buy a car.
Upar ke answers padh ke phat chuki hai.
So no question of savings. Constant fight for survival. Brain is continuously stressed. Prices steeply rising.
I m waiting for 3 years (2021) to save to purchase many things.
Index funds- 60k
NCD issues- 10k
60k in Equity MFs
10k in direct stocks.
~900k in MF (current market value)
~600k in FD/RD
~1500k in PPF (parents were putting 150k/year till I graduated, I've been putting after that)
~200k stocks (current market value)
Everyone has their own journey, some may have crores saved with limited knowledge but a giant ego to show nothing for. Don’t compare yourself to a tier 1 kid who saved for 7 years.
Only advice I can give you guys is this: stop buying stocks in underdog companies. The government and establishment will do everything to F you up. Invest in Adani, Reliance and th