Popular Post Undilaemanchikalam Posted February 3 Popular Post Report Share Posted February 3 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. 3 Quote Link to comment Share on other sites More sharing options...
Mr Mirchi Posted February 3 Report Share Posted February 3 good but everything does not go smoothly as you mentioned...twists and turns...... 1 2 Quote Link to comment Share on other sites More sharing options...
Undilaemanchikalam Posted February 3 Author Report Share Posted February 3 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… Quote Link to comment Share on other sites More sharing options...
Genuine11 Posted February 3 Report Share Posted February 3 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 Quote Link to comment Share on other sites More sharing options...
Popular Post fasak_vachadu Posted February 3 Popular Post Report Share Posted February 3 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 1 2 Quote Link to comment Share on other sites More sharing options...
Sucker Posted February 3 Report Share Posted February 3 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. Quote Link to comment Share on other sites More sharing options...
fasak_vachadu Posted February 3 Report Share Posted February 3 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 Quote Link to comment Share on other sites More sharing options...
Sucker Posted February 3 Report Share Posted February 3 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 Quote Link to comment Share on other sites More sharing options...
Popular Post meandhrakurradu Posted February 3 Popular Post Report Share Posted February 3 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. 3 Quote Link to comment Share on other sites More sharing options...
CanadianMalodu Posted February 3 Report Share Posted February 3 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? 1 Quote Link to comment Share on other sites More sharing options...
pandugadu999 Posted February 3 Report Share Posted February 3 75 ke chachedaniki gintha planning enduku vaa.. Quote Link to comment Share on other sites More sharing options...
Kakynada Posted February 3 Report Share Posted February 3 Quote Link to comment Share on other sites More sharing options...
hch Posted February 4 Report Share Posted February 4 buy,buy,buy,save,save,save -> die antav anthena umkle Quote Link to comment Share on other sites More sharing options...
Aquaman Posted February 4 Report Share Posted February 4 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... Quote Link to comment Share on other sites More sharing options...
Mr Mirchi Posted February 4 Report Share Posted February 4 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 Quote Link to comment Share on other sites More sharing options...
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