Why Salaried People Don’t Have Savings ?

Some clarifications 1. Salary increment wmd inflation not included cause if salary increases, toh mehengai bhi badhegi so baat barabar hai 2. I should have included atleast 2 cars over 30 year period, so add that in ur calculations

I got married in second lockdown. So the government imposed guest limit was max. 50 people. No relative was disappointed for not being invited and I saved a ton on expenses 😂

That's why it's so important for each individual in a family to start earning as soon as possible. If there's a will, there will be a way.

My marriage income was less than my monthly salary. In all the functions I invited only close relatives. No neighbours. This helped me save a lot. The same savings I will use for my kids education.

Words can't explain how difficult it is to see practical side and thanks to you for presenting to the world. Thanks is not enough but still best wishes for your life.

Yes, the entire game is of mindset, I have seen people earning 35k-50k and are living better settled than the ones earning 100k K per month. They buy gold, minimalistic house, no unnecessary show off.

" 2 days ko better banane ke liye, 98 days ko ordinary banaa dete hai " a very well placed thought ! Thank you for making such fact based insightful and relevant video...Sir !🙏🙏

Me to bolta hun acche logon se dosti rakho jo financially Strong ho.. khud bhi wo log accha jiwan jite hain aur aapko bhi sahi guidence dete hain❤

Pranjal, this video is eye opening. I am earning and have just started my career, and I am in my third year of working. I have recently bought a car for myself which I feel happy everyday driving. And yes, it fit into the requirement of not being more than 2 years income. I too use iPhone and ave bought the latest model, and it also gives me immense happiness everyday. I don’t know for how long I will be on this earth, but I feel we can spend well to enhance the quality of our life. My car will be used as the primary one for our house, and I feel very happy to be able to afford it and provide the comfort to my aged parents.

I would like to add what my father advised me. Whatever job or work you do, whatever might be your monthly income. Still make sure to have another source of income from where you can make at least 25k extra each month. This 25k might sound very less but having it extra can reduce a lot of financial burden and stress. My father was a govt employee with 48k salary but he also ran a small Chemist shop in my grandmother's name, so he had a nice second source of income. I'm also going to follow him

Facts! I can relate to the house part! I feel a house is a 2-3 generation property. Many of us have lost a house due to partition and as we had to migrate to a new city for a job. I suggest investing in a plot though on the outskirts of the city and live close to the office & school to get more time in hand for focusing on career and children. If you have a remote option, then you can live in the outskirts to reduce expenses. Cities are expanding so every suburb will develop today or tomorrow. Not commenting on other things.

EMI is nothing less than a life partner this days😢

Pranjal ji, this comment comes from my heart. I watch many videos from many finfluencers. Being a banker, I too advise my customers to save and invest. I did find out these major expenses of our life too but most of the finfluencers say to live a frugal life. Many talk about financial freedom which has been in trend in recent days. I am an old school person and believe in simple ways of living, saving and investment. The bifurcation of salary and also person wise in a family is the reality. The presentation of this life upgradation is the reality and you have said it in very simple manner. Thank you for understanding the true middle class. Most of us are in the same boat. If you are reading my comment, I would request you to make a detailed video of savings, investment strategy and retirement of government employees as this is one of the most not spoken topic. Every finfluencers assume 10% incremental salary and calculate the returns. But we have totally different salary structure where 50:30:20 rule is a bit tricky too. Gross and net salary has huge differences. So, this is a request from a youtube friend to decode this confusion. Love from Sandipan. ❤

One of the finest and down to earth folks on yt... Following since his day 1...

Very practical suggestions. What I liked is you didn’t give any magical formula to double one’s income, rather how to reformulate one’s financial priorities and manage within one’s limited income. I have a decent salary but I don’t have very good savings. This have changed my perspective to an extent 🙂

Superb informative video🧡in Rich Dad Poor Dad when I read for the first time that “money can’t solve your problems”…it took me months to understand that how accurate the statement was…it all depends on the mind set..who earns 10k n have the habit of spending 12k ..will even spend more when the income will multiply. Thank you for sharing the valuable insights😊.

90% people watching this video, who don’t even have job 😂

What I believe is we Indians believe in saving, no one thinks about increasing income no one what's to work hard. Then come and see these kinds of videos. Live as you want and make sure if you spend well you make sure you have the guts to earn more

It's absolutely true ekdam relatable yearly my salary is increasing and my lifestyle also changing I am spending more than before

Such an amazing analysis! Worth watching multiple times.