Living on 60,000 per month in Bangalore | Fix your Finance Ep 20
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Hello guys, welcome to another episode of Fix your Finance. In today’s episode, I met Kumar, a 25 year old technical support executive working in an IT company in Bangalore. He has recently shifted to Bangalore after getting a 50% salary jump in his new company.
In this episode, we cover
➤ Kumar's income and expenses
➤ The importance of upskilling for a brighter future
➤ Kumar's current recurring investments
➤ How to analyze if you can afford to make a particular purchase
➤ Follow me on Instagram for bite-sized videos: / anshhuman
Enjoy :)
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MY TOP 5 FAV BOOKS 📚
Ride of a Lifetime: bit.ly/rideofalifetimebook
The Millionaire Fastlane: bit.ly/TheMillionaireFastlane...
Zurich Axioms: bit.ly/ZurichAxioms
Masters of Scale: bit.ly/masterofscale
Just Keep Buying: bit.ly/justkeepbuying
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#fixyourfinance #personalfinance #moneymanagement
Disclaimer: Neither the guest nor I am a SEBI registered investment advisor. Information shared is only for educational purposes and not investment advice.
Music licensed by Epidemic Music
@yogamrao1440 Жыл бұрын
For People wanting to get high salaries in places like bangalore, mumbai etc. Focus on increasing your networth investing in yourself (upskill, educating etc) instead of investing on mutual funds, stocks, debt instruments etc. I used one year of time and consistency to work my income from 9LPA to 35+ LPA. Now able to invest higher proportion on savings.
@agnimitram340 Жыл бұрын
You are also in IT I suppose?
@yogamrao1440 Жыл бұрын
yes sir.... but this applies to other industries as well. the hard task is to identify/research the skills needed to upgrade and betting on your research. For eg. if in marketing, upskilling on market research. marketing models and use cases etc. If you are a Core engineer, focusing on field work practices, management courses etc (I am not an expert, but you get my point) The point is be it what ever field, on top of hard and dedicated work, upskilling definitely will improve either the income or designation.
@chandan403 Жыл бұрын
What skillsets did you acquire?
@hemanggoyal8102 Жыл бұрын
Nice joke 😂..
@hemanggoyal8102 Жыл бұрын
Could u resonate the amount to in-hand?? Evan top iim people don't get these packages
@abhishekbhattacharya8388 Жыл бұрын
It feels very good to see people like him that at the age of 26 he gained a very good amount of financial literacy.
@CollinDavis Жыл бұрын
This guy at 25 is far ahead of the crowd. Kudos!
@sprajosh Жыл бұрын
Far ahead as in?
@CollinDavis Жыл бұрын
@@sprajosh doing very well with his asset allocation than a lot of people his age
@kumaramiya4488 Жыл бұрын
Thanks man
@availablehanddle 5 ай бұрын
@@kumaramiya4488how much u making now
@bangalorehousewifepoonam5956 Жыл бұрын
Bahut bada Dil Hona chahie Apna finance Kisi Aur Ke Sath discuss karne ke liye🙃
@kumaramiya4488 Жыл бұрын
True buddy
@LokiWhoRemains Жыл бұрын
thank you anshumann. superbbb audioquality. APPRECIATED
@shilpashree.g3908 Жыл бұрын
I am watching almost all your vedios... Basically you are concentrating on IT people and engineers... Could you please do a video with accounts background people so we will be aware of how the market is for accounting students??
@vishnubishnoivlog2652 Жыл бұрын
He is very intelligent regarding his investment and leisure activities 😊
@AvisekSen Жыл бұрын
Investing 20K (1/3 of income) in MF from age of 24.. Finance is already fixed Well done Anshuman for sharing such a case study.
@saman_pradhan 6 ай бұрын
I invest most of my salaries in MF/FD usually as I don't have much expenses. I live with parents, doing WFH. Parents are also financially independent.
@noone-zl2di Жыл бұрын
3:45 never trust cred they take all the permissions for email and can read you otps too. Also they track your number and whatever is joined with the number. Privacy ki hod ke rakh di hai
@ArijitsTube Жыл бұрын
Annuity is taxable under NPS.. Only 60% withdrawal on maturity is tax free
@keerti.maurya14 Жыл бұрын
Yayy..That's my brother there😍😍
@sonusuresh7346 Жыл бұрын
Awesome content. It's crazy how most people never discuss their income details, their spending and investment with friends .
@kumaramiya4488 Жыл бұрын
Thanks bhai for liking my interview
@raghubenakal2737 Жыл бұрын
NPS is not completely tax free during withdrawal ☝️But It's good to have something secured.
@adityamodi8922 Жыл бұрын
he should spend more in food.. if you eat only mess food you are likely to fall sick and it will increase medical bills. extra 2-3k on healthy food should be done.
@Mr.VAGlNA 13 күн бұрын
Yeah. Bad food decreases the productivity of an individual
@debaprasad9379 Жыл бұрын
This bhaiya inspired me 😁 . I am currently doing civil engineering . I didn't had any hopes of getting high salary but now I am motivated 😤
@gauravpunera3256 Жыл бұрын
Keep uploading such videos
@johnsonrajendran9938 Жыл бұрын
9:16 I believe the annuity amount received from NPS after retirement is considered as income and is taxable. Please double check it once Anshuman
@calvinlawrence6871 Жыл бұрын
It is taxable as per income slab Good catch
@BarkaDog Жыл бұрын
Yes it is.
@prathmeshsingh3912 Жыл бұрын
Minimum 40% goes to an annuity, the monthly income from this annuity is taxable only if your income falls under the tax bracket. After retirement I dont think we will have that much income that we need to pay tax 😉
@sheetalkumar3786 Жыл бұрын
Yes. PPF Returns are tax free.
@rahulkothari777 Жыл бұрын
Yes your understanding is correct, guess slip of tongue from Anshumann
@chiragklein4081 Жыл бұрын
Jabardast dada videos mast bhaiya!
@dhananjayvaish3276 Жыл бұрын
I wait for this series!!
@mohnishkumar9430 Жыл бұрын
I love these episodes!! I do the same conversations with my friends xD
@shubhamsachan6419 Жыл бұрын
Anshuman bhai in nps first 60% is taxable and rest 40% does not come under any tax.
@yashamgupta9750 Жыл бұрын
Please make a fiz with finance with yourselff. Want to know your income and investments
@sujitpoojari782 Жыл бұрын
This episodes fatafat finance questions were perfect… Ones which almost everyone watching this video might think and answer for👌🏼
@Reactwithshri Жыл бұрын
Love you bro it gives us impression
@Reactwithshri Жыл бұрын
Inspiration
@rehanahmed8967 Жыл бұрын
Should he increases his portfolio size in crypto? Yes or No...? He did not get a clear answer if anyone can help?
@debanjanachatterjee862 Жыл бұрын
Hi Anshuman , can you do this with a teacher?
@mumbaikachallenge5526 Жыл бұрын
Kumar is Amazing human!
@kumaramiya4488 Жыл бұрын
Thanks It's me
@pradeepnandi2599 10 ай бұрын
Could anyone tell me the insurance product he once promoted, which provides salary as backup? I somhow missed the video, but came to know from one of my colleague avout that!!
@abdulrahman4449 Жыл бұрын
Hi Anshuman... I am a fan of your content.. I don't know Hindi. It would be helpful if you could add Subtitles in English...
@aniketmane6232 Жыл бұрын
bro hindi is same as urdu, how come you aren't getting what they are saying
@abdulrahman4449 Жыл бұрын
@@aniketmane6232 bro, my mother tongue is Tamil and I don't know Urdu as well... And i didn't ask for myself alone... There are a lot of South indians who are not aware of Hindi... So, it will be helpful
@GetYourselfALife Жыл бұрын
@@abdulrahman4449 Bro, I am from North India, even I don't know Hindi.
@danishk4172 Жыл бұрын
What Hindus are getting in Islamic countries
@pranavtripathi791 Жыл бұрын
There are subtitles now.
@OMPRAKASH-ul2cc Жыл бұрын
Hey @anshuman, I am Om prakash, and I'll be joining a startup as an Intern from the 16th of January. I don't know about Investment but I'm very curious and ambitious towards investments and all. My stipend will be around 45k, Could you please suggest me, like where to start investing? Although thinking about filling your form after a month of my internship, such that we'll get a video about Living on 45k as an Intern. Thank you, lots of love.💓
@DevanshuPundlik Жыл бұрын
Hey, I am just curious to know what is your profile in the startup and how did you got the opportunity
@varinderjeetsingh4851 Жыл бұрын
Om prakaash, start investing in mutual funds
@39madhurie Жыл бұрын
Bring more videos on weekly basis
@akashdebnath8492 9 ай бұрын
I am 26. Living in Bangalore with a monthly in-hand salary of 62k. I am investing 22k in MF and 7k in PPF per month. Is it correct?
@Vishalshabra 7 ай бұрын
It's perfect
@MdAshraf007 7 ай бұрын
Can you share all your costs?
@RaJ2x4 Жыл бұрын
I am also a civil engineer in Mumbai, getting 60k is very difficult, can yu pls ask him what course he is Doing, Pls help this will mean a lot
@omkarnarvekar3012 Жыл бұрын
He is working in IT .
@RaJ2x4 Жыл бұрын
Yes omkar.. I am also ready to work with It field,, but need to knw the path for it
@dronabatch9834 Жыл бұрын
@@RaJ2x4 go for some placement guarantee programs
@kumaramiya4488 Жыл бұрын
I am doing full stack developer course from Scaler Academy
@SSS-yi2jz Жыл бұрын
His story is similar to mine 😊
@riser9644 Жыл бұрын
On anualty there is tax NPS is horrible don't invest unless govt employee
@dilsebloggingbyshef2384 Жыл бұрын
Bangalore m kya mehnga nhi hai, anyone can ans 😅
@hdkloh6857 7 ай бұрын
First guy I saw who is started SIP in earlier years. At the age of 40, he will have good corpus.
@jeevan554 Жыл бұрын
Civil engineers in IT 🤧. What vishweahwariah must be thinking
@AshutoshKumar-es8xy Жыл бұрын
Lol
@GetYourselfALife Жыл бұрын
Take interviews of people like me, who earns 2 lpa in Bangalore.
@GetYourselfALife Жыл бұрын
@warikoo.4956 Dei scammer
@kumaramiya4488 Жыл бұрын
Haha, sahi kaha, its my video only
@GetYourselfALife Жыл бұрын
@@kumaramiya4488 What? Sorry I didn't understand.
@kumaramiya4488 Жыл бұрын
@@GetYourselfALife I am in this video, I am the one who is giving interview to Anshuman
@GetYourselfALife Жыл бұрын
@@kumaramiya4488 Hahh, that part I understood. Its that "Sahi kaha" which I didn't. I don't speak or read Hindi.
@JayeshMehta03 Жыл бұрын
NPS is EEE, but the 40% annuity earning is taxable.
@kumaramiya4488 Жыл бұрын
Correct bro, its my video only, LinkedIn pr connect kr sakte hai
@adityabisen2362 4 ай бұрын
Where is the “FIX” part in this video btw..?
@aishwarya282 Жыл бұрын
Kumar could you please give some details of p2p lending platform you are using?
@kumaramiya4488 Жыл бұрын
Sure bro, its 12 percent club. Connect with me on LinkedIn
@vrushabshigvan8196 Жыл бұрын
Anyone into IT - PMO/ project management please help me if you have any job opportunities.
@pradyumnapatil5190 Жыл бұрын
I would like to know in which pg he is living. Compared to the price he is paying, it looking very good
@kumaramiya4488 Жыл бұрын
Its Sai Athithya PG near manyata tech park
@pradyumnapatil5190 Жыл бұрын
@@kumaramiya4488 thanks.
@kumaramiya4488 Жыл бұрын
@@pradyumnapatil5190 this is my video only bro
@Blazer39283 Жыл бұрын
@@kumaramiya4488 oh yes that’s you 💀
@ujjvalw2684 Жыл бұрын
@@Blazer39283hahahaa
@vundigalarohit8654 Жыл бұрын
Which P2P platform do you use ?
@kumaramiya4488 Жыл бұрын
I use 12 percent club in p2p
@swaroupbanikk4444 Жыл бұрын
Can you please make a video on p2p lending and how to do it legally in india
@sandeepguntupalli8482 Жыл бұрын
Bro that's very risky, you're lending to people who have more probability to default due to their poor credit repayment history that's why they're giving high interest better stay away
@atorbfire Жыл бұрын
NPS annuity is taxable .
@sumithhh9379 Жыл бұрын
Annuity is taxable. Please correct it 09:18
@ankurhotnot Жыл бұрын
Invest in PPF for 15 year locking. NPS only when tax slab is 30%🤣
@lakshmitejas1685 Жыл бұрын
Vpf is also there
@prajju8114 Жыл бұрын
I am surviving with 28kper month in bangalore😂
@ujjvalw2684 Жыл бұрын
how do you survive? Transport? this scares me 😢 I'm moving to Bangalore too as a fresher
@dhrumitkumarpatel8855 Жыл бұрын
Nice
@karanmittal3232 Жыл бұрын
Can you do a fix my finance of anshuman sharma??
@drmanideepveldandi Жыл бұрын
The show is most like expel, exposing people salary not that just fixing their finances, you are just telling about what are their earning, and what are the spending not the right way to spend well
@bharanidharanb9616 Жыл бұрын
I agree with you point, i feel 90% of the times it’s about discussing the compensation and rest is some advice..
@yuvrajjadhav8598 Жыл бұрын
How to buy a flat in Bangalore any suggestions
@GetYourselfALife Жыл бұрын
Give the money to builder, get your registration done. Its fairly a simple process.
@SanjanaSingh1998 Жыл бұрын
❤❤❤❤
@tapaskundu6668 Жыл бұрын
Core company job Karne bale logoki video banao
@shubhamsaraf07 Жыл бұрын
@anshuman kidhar rah ra h ye bhai hmare ko bhi bataye hame bhi shift hona h bangalore me
@shubhamsaraf07 Жыл бұрын
@Anshuman sharma㊉①⑦⓪⑧⑥⑧⓪⑥⑦①⑤ please don't spam on his name. Have power to reply from original id
@rajulgupta639 Жыл бұрын
NPS is not EEE.
@Brainwaveindia Жыл бұрын
One should always park their emergency funds in small finance bank fds, I just split the total amount into many smaller amount so that If I have to withdraw a small portion of money the 1% penalty would be only for the required fund instead of total fund
@mrcool6845 Жыл бұрын
please make videos in english
@anusuraj4458 Жыл бұрын
What course and where is he unskilling?
@GetYourselfALife Жыл бұрын
Where unskilling? Hmm maybe pornhub.
@kumaramiya4488 Жыл бұрын
Scaler
@vinaytalampudi4932 Жыл бұрын
@@kumaramiya4488 if you don't mind can I know the name of p2p lending platform
@kumaramiya4488 Жыл бұрын
@@vinaytalampudi4932 yes, I use 12% club
@vinaytalampudi4932 Жыл бұрын
@@kumaramiya4488 thanks
@DhananjaySatheCR 9 ай бұрын
Come to Pune also
@Vinaythunder Жыл бұрын
What p2p lending app are they talking about
@kumaramiya4488 Жыл бұрын
12% Club
@Vinaythunder Жыл бұрын
@@kumaramiya4488 what about hubble it gives 10% in 100 days
@kumaramiya4488 Жыл бұрын
@@Vinaythunder 12% is made by Bharat Pay. But hubble is risky
@Vinaythunder Жыл бұрын
@@kumaramiya4488 if its on playstore then they might be doing something legal🤔
@EpicTime33 Жыл бұрын
*Hello guys I'm 22 and i earn approx 77000* *per month* .. is it good for my age? I have seen people earning way more than me. And I'm kinda insecure about my income 😅
@souma321 Жыл бұрын
What is your job bro ??
@anshumanfinance Жыл бұрын
When I was 22, I used to earn 35k so you are doing great. High income should not be the best at your age, just focus on acquiring high value skills at the moment
@EpicTime33 Жыл бұрын
@@anshumanfinance my plan is to invest as much as possible and i have made a small Portfolio as well. Thank you for the reply. Keep posting good stuff 😁
@mohithd44 Жыл бұрын
Im 28 and earning 33k .. The fack are you insecured about lol
@GetYourselfALife Жыл бұрын
When I was 22, I was earning 12k in Accenture, Bangalore. My friend was jobless till he was 25. What the hell are you unsecured about?
@shamsiftikar8083 Жыл бұрын
he looks like 35 : /
@GetYourselfALife Жыл бұрын
No he doesn't.
@kumaramiya4488 Жыл бұрын
No I don't
@smallik8584 Жыл бұрын
NPS is not tax free
@SunburnX Жыл бұрын
Anshuman Bhai gol hote ja rhe ho... Fitness pe dhyan do
@surbhiverma5776 Жыл бұрын
Anshuman sote nhi ho kya? Ur eyes bro
@mohammedfahad4547 Жыл бұрын
Bhai bangalore me khana utna bhi mehenga nahi hi bass sahi jagah khana hoga, jaan buzke mehengi jagah jaake khayenge snaps k liye to vant do anythng.
@karanmittal3232 Жыл бұрын
Is 90 k pm good enough for a fresher?
@VikashKumar-bv4ju Жыл бұрын
No you need to earn atleast 90L per month
@soumengorai8346 Жыл бұрын
@@VikashKumar-bv4ju i am earning 1.5 lack per month that's only get me satisfaction but i will set my target more and 90 lakh per month is impossible it's will be for billionaire
@sumitkumargupta4125 Жыл бұрын
9-10 Cr retirement...... brother it's a dream for even people earning 2 lakh per month. Think before speaking.
@sumukhadn5060 Жыл бұрын
then according to you what should it be?
@MeraMohito Жыл бұрын
He has 35 years to make 15-20crore pre tax, which should yield him his corpus
@MeraMohito Жыл бұрын
@@sumukhadn5060 everyone has a different retirement amount requirement and goal, there is no universal number.
@Adgjmptw343 Жыл бұрын
@@MeraMohitothose are very optimistic assumptions
@ashwanishukla744 Жыл бұрын
Come on bro even if you invest 20k in MF for 25 years you will end up with 5cr with 15 % CAGR. With saving and pf another 2-3 cr. Not that hard
@wizcactus 11 ай бұрын
He is 25 earning 8 lakh I'm 34 I'm earning 8 lakh 😂
@aritrachakrabortysmartyaritra Жыл бұрын
Hindi bolne me sharam aati hai shayad inko
@anubhavsharma9325 Жыл бұрын
Koi 1-2 cr wala banda lao bhai
@shishirbhuyan3716 Жыл бұрын
Are bhai Bangalore ka spelling theek kar le title mein
@vishalrai2859 Жыл бұрын
9 cr chaiye 😂
@souma321 Жыл бұрын
50 cr
@GetYourselfALife Жыл бұрын
How much do you think you need to retire?
@vishalrai2859 Жыл бұрын
@@GetYourselfALife no one knows
@GetYourselfALife Жыл бұрын
@@vishalrai2859 I mean, your point is, it would be far less than 9 Cr or far greater than that?
@faizanansari4889 Жыл бұрын
10 cr to build my start-up
@babull7370 Жыл бұрын
Agaya phir irrelevant person ko leke 😂 now we know he doesn't give shit about his audience
@ashokchandola Жыл бұрын
8.3 lpa mai I was getting 56k only but he is getting 60k 🍋🥲
@soumengorai8346 Жыл бұрын
Kuch variable cost kah difference hoga phir
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