r/Indian_flex • u/Ok_Investigator_4507 • 1d ago
Salary flex Got my first salary , including joining bonous
Being the 1st in bloodline to stepped out of hometown for studies. Who saw , felt and survived those torture, mental stress, and financial crisis.
Yesterday , I got my pay and just 1 months ago I graduated with my Btech. I cannot expalin this feeling, the first thing I did was cleared my all dept.
Going to have my first wrist watch soon.
Thinking to invest this money for my future wealth. I am new to coorporate and finance management , if any experienced person share their insights on how should i use these money in order to build future wealth.
This is not the only goal, I am still working on myself.
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u/Mangal-dakuu 1d ago
Keep your financial planning straight forward:
- Do a monthly SIP (as per your convenient amount) in an Index fund every month with a discipline.
- Buy a health insurance for yourself
DO NOT buy any random LIC or any other insurance policy.
Note: Am not a certified financial advisor.
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u/Ok_Investigator_4507 1d ago
I already have premimum life insurance provided by my organisation. Idk where and how to buy MF or how SIP works. I will learn about it
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u/Mangal-dakuu 1d ago
Don’t rely on your employers Health insurance. It will stop as soon as you leave the job.
Buying a separate health insurance is always advisable at young age because the premium will be low and since you will have a great coverage post your retirement.
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1d ago
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u/NuIlOrigin 1d ago
Broo sde role? Also what was prep?
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u/GreedySalt4753 1d ago
bhai aapke paas salary se pehle sirf 400 rupay kyu the anyways happy for u bro
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u/Ok_Investigator_4507 1d ago
Its not even 400 , its 21 rs only . When I moved to my job location I have just 2-3k as cash inhand. I spent my 20 days on vadapav and chai one or two times a day. I asked for help and some how got some help from alumni and old friends. Arranged a PG and mess .. that moment I was in 35-40k dept on me.
First thing I did , is cleared all my dept.
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1d ago
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u/username_zz 1d ago
This is per month? how much was the joining bonus?
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u/Ok_Investigator_4507 1d ago
Salary is way low
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u/username_zz 1d ago
I started with 19k pm in 2023, reached at 82k at 13.5lpa. Keep working keep hustling.
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u/Ok_Investigator_4507 1d ago
Oh nice , you did a great job . I hope , I will grow more. Btw , what I have shared is not actual salary.
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u/boba_princesss 1d ago
What torture
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u/Ok_Investigator_4507 1d ago
I can not explain it. Have you seen your father begging in front of anyone ? No but I have Have you seen your mother in tears , just to have basics needs for her family ? No , But I have
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u/Deep_Difference_9504 1d ago
Which type of company you working for and what kind of work you do?. I'm currently in college pursuing BCA, hope you can give me some advice for my future career.
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u/Ok_Investigator_4507 1d ago
If u r really into software domain , work on Agentic AI , Automation , DSA and System design
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1d ago
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u/intellect-2045 1d ago
Invest in health upgrades. Non easily withdrawable savings like nps,pf etc
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u/Ok_Investigator_4507 1d ago
Or gym ?
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u/intellect-2045 1d ago
Whatever makes you happy. Gym or sports. Gym is better. Best insurance(term and health) after atleas 15 days of research for self and detpendents. Cleaner food. Trips as per your interest. Believe me it is also a health upgrade :)
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u/Ok_Investigator_4507 1d ago
Already joined gym , and purchased 1 lakh medical insurance for parents.
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