How can I reach โน1 Cr by the time I'm 30? Help a total noob out!
I'm 23, single, and earning around โน18 LPA, living in the pricey city of Bangalore. Hereโs my current monthly breakdown:
Rent: โน20K
Food, groceries, and paying house help: โน10K
Swiggy
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Anonymous 6
Hey I am on Medialย โขย 11m
Consider using the 50/30/20 rule for budgeting โ 50% needs, 30% wants, 20% savings/investments. This can help you manage your spending better.
๐ขThe 50/30/20 Rule๐ข
๐This is Exactly how successful people BUDGET their MONEY ๐ธ
๐ต 50% - NEEDS
๐ข 30% - WANTS
๐ต 20%.- SAVINGS/ INVESTMENTS
3 replies6 likes
Suman Meghwal
Wealthseekerย โขย 4m
Letโs simplify a great budgeting method: The 50/30/20 Rule. Itโs a no-fuss way to handle your income wisely:
50% for Essentials: Spend half your income on necessary expenses like housing, food, and transportโthings you canโt skip.
30% for Enjoyment
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0 replies
Praveena J
Stay Hungry, Stay Fo...ย โขย 1y
Do you know about 40:30:20:10 rule?
It is one of the most used formula to diversify your investments.
40% - Mutual funds/stocks (if you can take
risks)
30% - FDs
20% - Gold/ SGBs (Sovereign Gold Bonds)
10% - Risky investments ( very
Struggling to budget your rent? A good rule of thumb is to keep your rent at **30% of your monthly income** or less. This ensures you have enough left for savings and other expenses!
5 replies3 likes
Karunakar
Start, Build, Scaleย โขย 4m
Finance Concept โ Budgeting Basics
The Story of Aarav's Dream Journey
Aarav was a 22-year-old with big dreams of starting his own cafรฉ. He had a small savings account and a passion for coffee, but he didnโt know where to begin. One day, he decided t
Your all-in-one financial management app: Track savings, expenses, make payments, manage investments, and get personalised financial advice.
Features include bill & receipts management, payment & warranty reminders, rewards, subscription tracking, a
I have a plan to get 20 to 30% return and that too secure.. If anyone wants to invest contact me 9510032978.
0 replies2 likes
Shubham Bhatu Patil
INNOVATION PATHย โขย 3m
๐ MBUDGET is a game-changing fintech platform designed to help users manage their monthly budget, automate savings, and track expenses effortlessly. With a unique blend of smart financial tools, AI-driven insights, and seamless payments, MBUDGET emp
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1 replies5 likes
Dev Prakash Pandey
Learner || Content W...ย โขย 9m
What Successful People Don't Tell You About Success;
1. 70/20/10 Learning Rule: 70% of learning comes from challenging experiences, 20% from developmental relationships, and 10% from formal education.
2. 1-in-100 Rule: Out of 100 ideas, only one wi
๐ฑ๐ต Before becoming completely unfit for use, a banknote can pass through the hands of 30-50 thousand people.
By the way, the lower the denomination of the bill, the faster it wears out. Each banknote witnesses numerous events: from purchases and p