Plan your finance for stress free life

How ₹80,000/Month Can Beat ₹2 Lakh/Month: A Simple Story of Growing Wealth 1. Big Income Doesn’t Always Mean Big Savings Just because someone earns more money doesn’t mean they become rich. What matters is how you use your money , not just how much you earn. Example: A man earning ₹80,000/month can save and invest wisely. Another person earning ₹2 lakh/month may spend everything and save nothing. 2. Story 1: The ₹80,000/Month Man Who Grows Rich He has no loans (no credit card debt, no EMI). He keeps money saved for emergencies – enough for 6 months of his expenses. He puts ₹15,000 every month into investments (SIPs – explained below). Every few years, he adds extra money (₹90,000 in year 3, 5, and 7). After 12 years, his total savings grow to about ₹70 lakh – even though his salary was not very high. 3. Story 2: The ₹2 Lakh/Month Man Who Stays Poor He spends on a big house, car, holidays, and shopping. He doesn’t save or invest. Even after 12 years, he has noth...

 Here are **15 financial advice** tailored for the 22-year-old earning ₹2 LPA with ₹80K monthly surplus, based on the Reddit discussion and prudent financial principles: ### **1. Maintain Emergency Fund (6–12 Months Expenses)**      - Keep 3–6 months’ expenses in a **high-yield savings account** or liquid fund.      - Example: ₹50K–₹1L in an FD/Sweep-in account for instant access. ### **2. Diversify Investments Beyond SIPs**      - Allocate surplus across:        - **Equity (MFs/Stocks):** Continue SIPs but explore sectoral/thematic funds.        - **Debt (PPF/RD):** Safe options for long-term goals (e.g., ₹15K/month in PPF).        - **NPS:** Tax-efficient retirement savings (additional ₹10K/month).   ### **3. Travel & Experiences (Budget: ₹20–30K/Month)**      - Prioritize travel while young—use apps like **TripAd...