For those who came recently..

[Undilaemanchikalam]

Just posting my thoughts.. since most of the folks coming from India are from middle class:

1. Please buy term life (35 years) it costs very less when you are below 25.

2. First thing you do after getting a job is take a loan and buy a house for parents. Believe me it gets very difficult later on after marriage.

Important: start putting money in your savings account for 6 months of emergency. Increase the amount as you see expenses grow:

3. Start putting money in 401 during your first job itself, even though you don’t plan to stay for long. 
4. before marriage buy a commercial property that gets decent rent, and it should take care of your parents for rest of their life. 
Important: remember this, the item that depreciates quicker, and faster is your car. Car should serve your purpose but not show who you are to the society. 

5. Buy a decent house here in US (don’t go beyond 2400 sq ft) and make sure to pay 20% down: 

6. Contribute to IRA and when you can, later it would be difficult. 

7. Invest in S&P index funds (5% of your salary). Never do individual stocks with out knowledge and experience.

8. Don’t force or influence your wife to work in the same industry or technology, you will regret later. Give her at least 2 years to explore. 
9. Plan for kids early, remember once women cross 30 it gets too complicated.

10. Buy a rental property and make sure there is a positive cash flow. 
11. Invest on kids education, basics are very important, make sure you send them to good day care or preschool at least for 2-3 years before kindergarten. 
12. buy an IUL (kids less than 10 years) or invest in 529 (kids greater than 10 years)

Important: plan a mini vacation with kids and family at least once in a year when younger kid turns 4. India trip every other year. 

13. Plan for place of retirement, if it is US and if retiring at <65 make sure to contribute to HSA. If India you don’t need too. 
14. Retire when your younger kid starts earning. This should be 58-60 (marry at 28-29, first kid at 30-32, second kid 34-35).

15. Withdraw no penalty money from 401 and Roth at 59.5. Spend good time with your wife in traveling and helping/supporting your kids to build their family. The maximum age an IT individual can survive is 75, which is 15 years post retirement, with house paid off, money from 401, Roth and SSN benefits it would be more than sufficient.

 

[Mr Mirchi]

good

 

but everything does not go smoothly as you mentioned...twists and turns......

[Undilaemanchikalam]

1 minute ago, Mr Mirchi said:

good

 

but everything does not go smoothly as you mentioned...twists and turns......

Twist and turn for sure will happen at least this will help to keep you good financially. 
Immigration, job loss, family issues are unavoidable, we just have to face it but the courage to face it comes from financial stability…

[Genuine11]

yes I agree to have good financial stability. I recently had family emergency which affected my family severely, but I was financially good and that gave me a bit of strength. financial stability cannot help emotional disturbance though

[fasak_vachadu]

Financial ga manchi plan chesuko kavali at early age like 24 to 35 age appudu rest of the things will fall into your feet

 

e planning lekha ne nenu ippudu struggling 

and more over update your skills every day and every week check new techs and do some work related to it. 
 

this is very good post aha bhaya entha experience and entha mandi nee chusi vesaddoo but no one cares 

40+ vachi realize avutharu 

After marriage extramarital affairs ki dooram ga unadandi don’t goku pakiniti pori or wife 

 

[Sucker]

4 minutes ago, fasak_vachadu said:

Financial ga manchi plan chesuko kavali at early age like 24 to 35 age appudu rest of the things will fall into your feet

 

e planning lekha ne nenu ippudu struggling 

and more over update your skills every day and every week check new techs and do some work related to it. 
 

this is very good post aha bhaya entha experience and entha mandi nee chusi vesaddoo but no one cares 

40+ vachi realize avutharu 

After marriage extramarital affairs ki dooram ga unadandi don’t goku pakiniti pori or wife 

 

Yendhanna 3 months back antha set annav financial ga. 

[fasak_vachadu]

4 minutes ago, Sucker said:

Yendhanna 3 months back antha set annav financial ga. 

Unnai money for this year …. But still running flow agindi kada adhe naa badha 

jobs ravatam ledu 

[Sucker]

1 minute ago, fasak_vachadu said:

Unnai money for this year …. But still running flow agindi kada adhe naa badha 

jobs ravatam ledu 

Yeah anna. Kashtam vunnai jobs

[meandhrakurradu]

Most important, Marry a supportive girl. Lekapote enni unna waste. 
Arranged marriage aite pure luck, no one can know what a girl mentality is until its too late. 

[CanadianMalodu]

2 hours ago, Undilaemanchikalam said:

Just posting my thoughts.. since most of the folks coming from India are from middle class:

1. Please buy term life (35 years) it costs very less when you are below 25.

2. First thing you do after getting a job is take a loan and buy a house for parents. Believe me it gets very difficult later on after marriage.

Important: start putting money in your savings account for 6 months of emergency. Increase the amount as you see expenses grow:

3. Start putting money in 401 during your first job itself, even though you don’t plan to stay for long. 
4. before marriage buy a commercial property that gets decent rent, and it should take care of your parents for rest of their life. 
Important: remember this, the item that depreciates quicker, and faster is your car. Car should serve your purpose but not show who you are to the society. 

5. Buy a decent house here in US (don’t go beyond 2400 sq ft) and make sure to pay 20% down: 

6. Contribute to IRA and when you can, later it would be difficult. 

7. Invest in S&P index funds (5% of your salary). Never do individual stocks with out knowledge and experience.

8. Don’t force or influence your wife to work in the same industry or technology, you will regret later. Give her at least 2 years to explore. 
9. Plan for kids early, remember once women cross 30 it gets too complicated.

10. Buy a rental property and make sure there is a positive cash flow. 
11. Invest on kids education, basics are very important, make sure you send them to good day care or preschool at least for 2-3 years before kindergarten. 
12. buy an IUL (kids less than 10 years) or invest in 529 (kids greater than 10 years)

Important: plan a mini vacation with kids and family at least once in a year when younger kid turns 4. India trip every other year. 

13. Plan for place of retirement, if it is US and if retiring at <65 make sure to contribute to HSA. If India you don’t need too. 
14. Retire when your younger kid starts earning. This should be 58-60 (marry at 28-29, first kid at 30-32, second kid 34-35).

15. Withdraw no penalty money from 401 and Roth at 59.5. Spend good time with your wife in traveling and helping/supporting your kids to build their family. The maximum age an IT individual can survive is 75, which is 15 years post retirement, with house paid off, money from 401, Roth and SSN benefits it would be more than sufficient.

 

Live life as you like man, and let others live life by their terms. You only live once. Poyaka peekedhi em ledhu. 

Pilla nachi chesukunta bavuntadhi Anna guarantee ledhu, chesukunnaka veredhi nachadu Anna guarentee ledhu. Asalu AI automation perige koddhi code rasevallu ekkuva untaru annadhi koda guarentee ledhu. 

Malli oka pandemic techi back lo sodhi podisthe, emavuthadho kooda teliyadhu. Ee matraniki oo planning endhuku?

[pandugadu999]

75 ke chachedaniki gintha planning enduku vaa..

[Kakynada]

[hch]

buy,buy,buy,save,save,save -> die antav anthena umkle

[Aquaman]

1 hour ago, meandhrakurradu said:

Most important, Marry a supportive girl. Lekapote enni unna waste. 
Arranged marriage aite pure luck, no one can know what a girl mentality is until its too late. 

super chepav...pellam sakkaga lekapothe life biscuit e.. 

if you are unlucky in getting  good wife... @Sucker anna chepinatu.. be brave and let her go and restart quickly...

[Mr Mirchi]

21 minutes ago, Aquaman said:

super chepav...pellam sakkaga lekapothe life biscuit e.. 

if you are unlucky in getting  good wife... @Sucker anna chepinatu.. be brave and let her go and restart quickly...

Vicer vesa le

 

pellam ki kuda manchi mogudu lekapohe .. thana life anthe