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When you hit 45 or 50, you will realize that there are many many people in your circles who make the kind of money you will never dream of. No one who can afford it really cares about this kind of flashy lifestyle. Yes, you need to spend money (non- entry level German car, the "right" address), but that is to fit in, not to stand out.
You want to know what actually matters? And what you are judged on?
Health parameters, looking fit, club and society memberships, being invited to exclusive events (meet the celeb, launches of anything new, and all the other things that no amount of money will buy you). Who you know. Who knows you. Who you know. Who you know. Who you know.
- Base saving of 3 cr from age 23 to 30 and 9 cr from age 30 to 40. Total base saving = 12 crore.
- On top of the base saving, investments in MFs and stocks . 12 crore base savings increases to 30 crore total saving.
Now, if this person also marries someone with the same career trajectory, then the total combined savings for both at age 40 becomes 60 crores. With that money, you can buy a luxury flat for 30 cr and a Maybach for 3.5 cr, with plenty left over for the other things.
Do family / social connections matter in corporate, too?
If that is the case, all this seems so bleak and futile
"uski biwi bhi achchi nokri karti hai" should be translated to "even his wife has quite a decent job" and not "his wife also does a decent job".
I personally dont care, but snooty partners and uppity clients will.
- BMW/Merc: Possible for all partners, since you can get one for only 1 cr
- Lamborghini: Possible only for top-level partners, as they usually cost 6-7 cr upwards
- Glamorous wife: Depends. Some girls chase money, some don't.
- Children in US college: Possible for all and nowadays pretty much everyone sends their son to the US for an undergrad
- Cigars, watches, MF Hussain paintings: Affordable for all, but not all together.
- 4 to 6,000 sq ft 4BHK in posh area or elite gated community in Mumbai or Gurgaon
- One BMW/Merc for family use and one Lamborghini for self use
- Glamorous wife plus kid studying in top IB school, subsequently undergrad in US college
- 10-15 high end luxury watches
- Smoke Cuban cigars everyday
- 10-12 paintings by top artists like MF Hussain
- First class plane travel and holiday in Europe twice a year
- 10-12 absolutely top luxury watches