Comments on: Can you live with 90% of your Salary http://www.jagoinvestor.com/2009/06/can-you-live-with-90-of-your-salary.html Financial Planning , Insurance , Mutual Funds , Investments Sat, 11 Feb 2012 14:23:57 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Manish Chauhanhttp://www.jagoinvestor.com/2009/06/can-you-live-with-90-of-your-salary.html#comment-24356 Manish Chauhan Mon, 27 Jun 2011 13:08:59 +0000 http://www.jagoinvestor.com/?p=209#comment-24356 Ankit Great to hear that ! . Keep going like this ! Manish Ankit

Great to hear that ! . Keep going like this !

Manish

]]> By: Manish Chauhanhttp://www.jagoinvestor.com/2009/06/can-you-live-with-90-of-your-salary.html#comment-24355 Manish Chauhan Mon, 27 Jun 2011 13:07:27 +0000 http://www.jagoinvestor.com/?p=209#comment-24355 @flubber 1. Thats really amazing , Your peers will envy you later, take it from me !.All I would say is , if you need some thing in life, go for it , dont compromise so much that saving all the money becomes a pain in your life . 2. Yes definately , its opportunity cost ! . If you have Rs X today with you , You could have had 1.5X or 2X if you had taken care of how well it should be invested , so its an area of improvement for you ! Manish @flubber

1. Thats really amazing , Your peers will envy you later, take it from me !.All I would say is , if you need some thing in life, go for it , dont compromise so much that saving all the money becomes a pain in your life .

2. Yes definately , its opportunity cost ! . If you have Rs X today with you , You could have had 1.5X or 2X if you had taken care of how well it should be invested , so its an area of improvement for you !

Manish

]]> By: Flubberhttp://www.jagoinvestor.com/2009/06/can-you-live-with-90-of-your-salary.html#comment-24353 Flubber Mon, 27 Jun 2011 13:03:30 +0000 http://www.jagoinvestor.com/?p=209#comment-24353 @ Mr Krishnan - Thank you for your insight. It is interesting I have noticed many of us who have stayed considerable time in west and now relocated to India, have very conservative spending habit and ultra conservative investment style. Cheers Flubber @ Mr Krishnan – Thank you for your insight. It is interesting I have noticed many of us who have stayed considerable time in west and now relocated to India, have very conservative spending habit and ultra conservative investment style.
Cheers
Flubber

]]> By: Muthu Krishnan Vhttp://www.jagoinvestor.com/2009/06/can-you-live-with-90-of-your-salary.html#comment-24342 Muthu Krishnan V Mon, 27 Jun 2011 08:57:23 +0000 http://www.jagoinvestor.com/?p=209#comment-24342 @flubber My take on this. 1. awesome! Thats the way to go. Live with what you need and not with what you can. 2.Yes, 95% in debt and 5% in equity looks bad. should be around 40:60 or 30:70. @flubber
My take on this.
1. awesome! Thats the way to go. Live with what you need and not with what you can.
2.Yes, 95% in debt and 5% in equity looks bad. should be around 40:60 or 30:70.

]]> By: flubberhttp://www.jagoinvestor.com/2009/06/can-you-live-with-90-of-your-salary.html#comment-23462 flubber Fri, 03 Jun 2011 10:02:39 +0000 http://www.jagoinvestor.com/?p=209#comment-23462 Manish, Am I spending less - I'm 35 yr old with one toddler child and wife. Wife has decided not to work and thoroughly enjoying her motherhood. I have saved which is 95X of my present gross monthly salary (we saved as a DINK NRI couple for last 6 yrs or so). The almost whole money is lying in FDs and yielding an average return (7.5-9.25% before tax). About my expenditure - At present, I can sustaining my family in approx. 30% of my take home monthly salary and can save 65% (again goes to FDs). I am living below my mean with estimated monthly expense of 37000 Rs (As I keep track by on-line Quicken-like tools), My expenses are considerably less than my peers, they spend on an average Rs 80-100k/month. However, I am happy with my present lifestyle and expenses. I have purchased Car, invested in home and bought other stuffs all out of my pocket, so I have no loans on my shoulders. I used credit card only for gasoline purchase, paying utility bills and groceries. My questions are 1. Am I making mistake by choosing middle income life-style and not spending more, which I can do easily? 2. Am I going somewhere wrong by not investing in more riskier investment tools as I have only 5X of my monthly salary in equity linked investment tool? Manish,
Am I spending less -
I’m 35 yr old with one toddler child and wife. Wife has decided not to work and thoroughly enjoying her motherhood. I have saved which is 95X of my present gross monthly salary (we saved as a DINK NRI couple for last 6 yrs or so). The almost whole money is lying in FDs and yielding an average return (7.5-9.25% before tax).
About my expenditure – At present, I can sustaining my family in approx. 30% of my take home monthly salary and can save 65% (again goes to FDs). I am living below my mean with estimated monthly expense of 37000 Rs (As I keep track by on-line Quicken-like tools), My expenses are considerably less than my peers, they spend on an average Rs 80-100k/month. However, I am happy with my present lifestyle and expenses. I have purchased Car, invested in home and bought other stuffs all out of my pocket, so I have no loans on my shoulders. I used credit card only for gasoline purchase, paying utility bills and groceries.
My questions are
1. Am I making mistake by choosing middle income life-style and not spending more, which I can do easily?
2. Am I going somewhere wrong by not investing in more riskier investment tools as I have only 5X of my monthly salary in equity linked investment tool?

]]> By: Ankithttp://www.jagoinvestor.com/2009/06/can-you-live-with-90-of-your-salary.html#comment-22833 Ankit Fri, 06 May 2011 12:22:10 +0000 http://www.jagoinvestor.com/?p=209#comment-22833 HI Manish, Thanks for this useful guidance, but I have already started saving into other account from 3 months(and still continuing) before reading this article :), because I also had a bad time when all my money goes in one shot and every month I remain empty handed. still worth to read this article :), Great JOB dear!! HI Manish,

Thanks for this useful guidance, but I have already started saving into other account from 3 months(and still continuing) before reading this article :) , because I also had a bad time when all my money goes in one shot and every month I remain empty handed.

still worth to read this article :) , Great JOB dear!!

]]> By: Manish Chauhanhttp://www.jagoinvestor.com/2009/06/can-you-live-with-90-of-your-salary.html#comment-18005 Manish Chauhan Thu, 23 Dec 2010 13:40:08 +0000 http://www.jagoinvestor.com/?p=209#comment-18005 Rajdaphale Nice to know that you liked the article , What are your plans to follow the advice ? Manish Rajdaphale

Nice to know that you liked the article , What are your plans to follow the advice ?

Manish

]]> By: Rajdaphalehttp://www.jagoinvestor.com/2009/06/can-you-live-with-90-of-your-salary.html#comment-18002 Rajdaphale Thu, 23 Dec 2010 13:02:32 +0000 http://www.jagoinvestor.com/?p=209#comment-18002 Hats Off!!! Manish.... for a Such a Eye-Opener Article. Thanks alot buddy. Rajesh Hats Off!!! Manish…. for a Such a Eye-Opener Article.

Thanks alot buddy.
Rajesh

]]> By: Manish Chauhanhttp://www.jagoinvestor.com/2009/06/can-you-live-with-90-of-your-salary.html#comment-17970 Manish Chauhan Wed, 22 Dec 2010 17:08:14 +0000 http://www.jagoinvestor.com/?p=209#comment-17970 Welcome ! :) Welcome ! :)

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