Living on 60,000 per month in Bangalore | Fix your Finance Ep 20

Hello guys, welcome to another episode of Fix your Finance. In today’s episode, I met Kumar, a 25 year old technical support executive working in an IT company in Bangalore. He has recently shifted to Bangalore after getting a 50% salary jump in his new company.

In this episode, we cover

➤ Kumar's income and expenses
➤ The importance of upskilling for a brighter future
➤ Kumar's current recurring investments
➤ How to analyze if you can afford to make a particular purchase

Enjoy :)

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GEARS BEHIND THE VIDEO:

MY TOP 5 FAV BOOKS 📚

#fixyourfinance #personalfinance #moneymanagement

Disclaimer: Neither the guest nor I am a SEBI registered investment advisor. Information shared is only for educational purposes and not investment advice.

Music licensed by Epidemic Music

[yogamrao]

For People wanting to get high salaries in places like bangalore, mumbai etc. Focus on increasing your networth investing in yourself (upskill, educating etc) instead of investing on mutual funds, stocks, debt instruments etc. I used one year of time and consistency to work my income from 9LPA to 35+ LPA. Now able to invest higher proportion on savings.

[abhishekbhattacharya]

It feels very good to see people like him that at the age of 26 he gained a very good amount of financial literacy.

[CollinDavis]

This guy at 25 is far ahead of the crowd. Kudos!

[LokiWhoRemains]

thank you anshumann. superbbb audioquality. APPRECIATED

[shilpashree.g]

I am watching almost all your vedios... Basically you are concentrating on IT people and engineers... Could you please do a video with accounts background people so we will be aware of how the market is for accounting students??

[bangalorehousewifepoonam]

Bahut bada Dil Hona chahie Apna finance Kisi Aur Ke Sath discuss karne ke liye🙃

[vishnubishnoivlog]

He is very intelligent regarding his investment and leisure activities 😊

[noone-zldi]

3:45 never trust cred they take all the permissions for email and can read you otps too.
Also they track your number and whatever is joined with the number.
Privacy ki hod ke rakh di hai

[ArijitsTube]

Annuity is taxable under NPS.. Only 60% withdrawal on maturity is tax free

[sonusuresh]

Awesome content. It's crazy how most people never discuss their income details, their spending and investment with friends .

[raghubenakal]

NPS is not completely tax free during withdrawal ☝️But It's good to have something secured.

[AvisekSen]

Investing 20K (1/3 of income) in MF from age of 24..
Finance is already fixed
Well done Anshuman for sharing such a case study.

[debaprasad]

This bhaiya inspired me 😁 . I am currently doing civil engineering . I didn't had any hopes of getting high salary but now I am motivated 😤

[adityamodi]

he should spend more in food.. if you eat only mess food you are likely to fall sick and it will increase medical bills. extra 2-3k on healthy food should be done.

[yashamgupta]

Please make a fiz with finance with yourselff. Want to know your income and investments

[johnsonrajendran]

9:16 I believe the annuity amount received from NPS after retirement is considered as income and is taxable. Please double check it once Anshuman

[sujitpoojari]

This episodes fatafat finance questions were perfect…
Ones which almost everyone watching this video might think and answer for👌🏼

[mohnishkumar]

I love these episodes!! I do the same conversations with my friends xD

[shubhamsachan]

Anshuman bhai in nps first 60% is taxable and rest 40% does not come under any tax.

[pradeepnandi]

Could anyone tell me the insurance product he once promoted, which provides salary as backup? I somhow missed the video, but came to know from one of my colleague avout that!!