I am 29 , My Salary is 14 Lakhs PA , after Tax deductions I get 95K monthly , live in Chennai and i am happy with it
Reasons below:
- I didn’t buy a HOME worth 60 or 70 Lakhs , i am not a big fan of it by paying EMI around 35K per month & being in tension all the time and losing my daily happiness.
- Instead i pay 10K as rent for a Home which is worth 60L, which is also near to my office reducung my commute time, back-pain , traffic tension. Every-time i change my office i can switch my home as well, this will not happen with an Own house. Some of my colleagues are travelling 2 hours morning and evening as they are coming from their own house and they explain how irritating it is to travel 40 KM in the Chennai traffic and Hot weather.
- People who are commuting more than 90 minutes for work are not able to concentrate in their Work and miss good projects and they tend to grab a poor project which is near to them. if u live in rental you can be flexible in timings , and can spend quality time with your family.
- 20 K in Mutual Funds which gives more returns than owning an apartment.
- 25 K for House hold expenses like Petrol, EB, Milk, TV , Internet ,Grocery , Vegetables, Maid, Meat & ETC
- 6 K in gold purchase, every month investing in the scheme for my Wife (I don’t like it but what to do when you are married :) ).
- 2K to my single Grandma who lives in my Hometown village.
- 3K for Kid school expenses.
- 14 K is for eating out, shopping, outing.
- Remaining 15 K is my savings, any last minute surprises, Hospital bills, Family functions etc etc.
I don’t own a credit card, i don’t buy things with EMI(its a trap),i don’t have any loans. I will not have month end problems and i will not wait for my salary to be credited to buy any urgent things, i will spend from last month's savings.
I have a 125 CC bike (5 years old) and i am happy with it even though i love 2L worth Royal Enfield Continental GT, even though i have savings to buy in a single payment, i will not buy it considering the monthly expenses and service charges.
Have a 1000 CC Hatchback car which is enough for my Family and Indian roads.
I wont spend much in restaurants/shopping but instead utilize that money for trips , will travel with my family to all possible places (beaches, temples, amusement parks , new cities) with my small car, will pack food, spend time with them.
Living life simple makes me happy than others who earn more than me.
Edit 1 : I learnt this simple thing from My Dad, he is my role model for living a healthy life and saving from what we have in hand.
He doesn’t have any credit card or a loan, he has an own house 4 BHK, 3 lands at the his home town, still earning , living healthily.
He is 58 years old , has no BP , Sugar , Back Pain, the last time he went to hospital was 12 years back for a small accident in the bike.
His Routine : He wakes up by 5 AM , does Yoga , walks for 3 KM , reads news paper, chats with friends ,drops my sister to the college bus, goes to office , comes for lunch, goes to office, picks my sister from the college bus , takes care of home needs, goes to the market, gardening, visits temple, library, calls his close relatives and solves any problems in their family,spends time with my mom in the terrace, visits us in Chennai regularly once in a month, helps me to invest in good plans, plays with my daughter, visits his hometown for relatives function, Lives happily, He is a perfect example of how to live.
How many of you are having your lunch at Home today, will be very less, i used to go to Home for lunch twice in a week in between office time whenever the work is less, my dad use to come home daily for lunch (last 30 years) and help Mom in the kitchen for 10 mins , watches news while eating, he is not a billionaire but knows how to live without pressure, he knows to balance work and life.
My Dad’s cousins are earning more than him, working in the Gulf countries leaving their families here. my Mom usually worries about this as when relatives get richer, they only gain another home in Chennai and all kinds of diseases with them..My uncle who is the richest person in my entire family can’t eat a single food which has sugar/salt.He use to take insulin daily , whats the point of earning so much by working day and night!
I still say my dad is the richest person in my Family to have good children, good grand children, surrounded by positive friends (real friends), good environment , some good relatives & leading a peaceful life.
Till today i have never told him how much i admire him and how much i look to him as a role model for my Life, but he knows, does it need to be said ?
Peace be with you..
