How much Indian salary would make u return?
Jump to Page:
< Previous [ 1 ] [ 2 ] [ 3 ] [ 4 ] [ 5 ] [ 6 ] [ 7 ] [ 8 ] [ 9 ]
Posted on: 22-10-10 13:57:55
Quote:
Originally posted by web2000
.......
But I wanted to guess is that if a person who earns 200,000 per month(Spending 12 hrs everyday including driving time)
and lives in big metros will have the same lifestyle and another one earning80,000 per month (Doing nothing) and living in an average town will be more relaxed and happier. It is like living a retirement life.
Depends a lot on you age too. You will see the value of Rs. 80,000 erode over time. Interest that you earn is not even covering inflation if you put you money in bank fixed deposits. Inflation officially is around 10% to 11%, official rate is usually less than what you see practically.
-----------------------------------------------------------------
Give free food http://www.thehungersite.com ||
Quote:
Originally posted by chcool
Quote:
Originally posted by web2000
Quote:
Originally posted by dimple2001
Quote:
Originally posted by web2000
It will be better if similar break up of expenses be shown in cities which are next to major metros. I can see that expenses are much higher in metros like Mumbai,Bangalore etc, but I don't think those are the only cities to live in.
Any input for the cities like Jaipur,Vadodara,Chandigarh, Panchkula etc. I am just picking up above average cities.
I have heard rents for similar apartments (decent area and decent apartments) in the city of Coimbatore (in the south in TN), is around 12k.
I am not sure if the salaries would be lower in such places. Isn't salary tied to cost of living in a more significant manner than what you see around here in Canada? That was my impression, at least.
I totally agree that salaries and cost of living are directly related.
In my example the situation is little different. My query can be answered based on the following conditions:
1. The person is not willing to do any job as he/she has enough savings to generate enough money from the bank investments (Approx Rs 80,000 per month). This means there is no dire need to live in metros where the expenses are high.
2. The person is already have a house, so no need to worry about mortgage or rent.
Based on the above conditions do you think Rs 80,000 pm will not be enough.
It would be enough in cities, all tamil nadu cities, but at some point of time, you will feel you are not doing anything and get bored.
Take my case, i can live a very comfortable life in India, I have one house and one apartment, vacant lands, apart from this i have decent savings which will give me good returns for monthly expenses, but i am only worried if i will get bored doing nothing.
That is also true but there is a difference in doing job for someone and doing something for yourself.
There is always a chance to do something for yourself if u feel u r getting bored. My vision was to start from Rs 80,000 and I am also sure that this income may not be sufficient in next 10 yrs. If u r free then u can definitely think about to learn more about investment techniques. The opportunities are much more than doing job in a company and struggling in metros. I also don't like to be totally free.
My first and foremost reason to ask was if it is possible to remain ahead of inflation while living in an average town.
Thanks for all who gave suggestions honestly.
Quote:
Originally posted by web2000
Quote:
Originally posted by chcool
Quote:
Originally posted by web2000
Quote:
Originally posted by dimple2001
Quote:
Originally posted by web2000
It will be better if similar break up of expenses be shown in cities which are next to major metros. I can see that expenses are much higher in metros like Mumbai,Bangalore etc, but I don't think those are the only cities to live in.
Any input for the cities like Jaipur,Vadodara,Chandigarh, Panchkula etc. I am just picking up above average cities.
I have heard rents for similar apartments (decent area and decent apartments) in the city of Coimbatore (in the south in TN), is around 12k.
I am not sure if the salaries would be lower in such places. Isn't salary tied to cost of living in a more significant manner than what you see around here in Canada? That was my impression, at least.
I totally agree that salaries and cost of living are directly related.
In my example the situation is little different. My query can be answered based on the following conditions:
1. The person is not willing to do any job as he/she has enough savings to generate enough money from the bank investments (Approx Rs 80,000 per month). This means there is no dire need to live in metros where the expenses are high.
2. The person is already have a house, so no need to worry about mortgage or rent.
Based on the above conditions do you think Rs 80,000 pm will not be enough.
It would be enough in cities, all tamil nadu cities, but at some point of time, you will feel you are not doing anything and get bored.
Take my case, i can live a very comfortable life in India, I have one house and one apartment, vacant lands, apart from this i have decent savings which will give me good returns for monthly expenses, but i am only worried if i will get bored doing nothing.
That is also true but there is a difference in doing job for someone and doing something for yourself.
There is always a chance to do something for yourself if u feel u r getting bored. My vision was to start from Rs 80,000 and I am also sure that this income may not be sufficient in next 10 yrs. If u r free then u can definitely think about to learn more about investment techniques. The opportunities are much more than doing job in a company and struggling in metros. I also don't like to be totally free.
My first and foremost reason to ask was if it is possible to remain ahead of inflation while living in an average town.
Thanks for all who gave suggestions honestly.
My honest opinon, 80,000 too much money to spend in small cities like coimbatore, madurai etc.
There is a say:
Whatever you get from the soil, when you go from the soil, you leave it and go. Lord krishna said right ? It is fact too.
Every one's duty is to see that their children get proper education and stand they on their own without looking for dad's money.
Our indian mentality is for saving....saving..... what for you save ?
Assuming a person has a crore rupee the normal intrest returns on the 1 crore (80,000 ) will be eaten away by inflation.
But a wise investment will not be eaten away by inflation.
1) Invest in lands.
2)Invest in Post office fixed deposits.
3)Invest in mutual funds.
4) Invest in stocks.
Alternatively you can have your own business which will fetch good returns.
Unlike in canada, india has large population so start any business it will grow.
Quote:
Originally posted by chcool
Quote:
Originally posted by web2000
Quote:
Originally posted by chcool
Quote:
Originally posted by web2000
Quote:
Originally posted by dimple2001
Quote:
Originally posted by web2000
It will be better if similar break up of expenses be shown in cities which are next to major metros. I can see that expenses are much higher in metros like Mumbai,Bangalore etc, but I don't think those are the only cities to live in.
Any input for the cities like Jaipur,Vadodara,Chandigarh, Panchkula etc. I am just picking up above average cities.
I have heard rents for similar apartments (decent area and decent apartments) in the city of Coimbatore (in the south in TN), is around 12k.
I am not sure if the salaries would be lower in such places. Isn't salary tied to cost of living in a more significant manner than what you see around here in Canada? That was my impression, at least.
I totally agree that salaries and cost of living are directly related.
In my example the situation is little different. My query can be answered based on the following conditions:
1. The person is not willing to do any job as he/she has enough savings to generate enough money from the bank investments (Approx Rs 80,000 per month). This means there is no dire need to live in metros where the expenses are high.
2. The person is already have a house, so no need to worry about mortgage or rent.
Based on the above conditions do you think Rs 80,000 pm will not be enough.
It would be enough in cities, all tamil nadu cities, but at some point of time, you will feel you are not doing anything and get bored.
Take my case, i can live a very comfortable life in India, I have one house and one apartment, vacant lands, apart from this i have decent savings which will give me good returns for monthly expenses, but i am only worried if i will get bored doing nothing.
That is also true but there is a difference in doing job for someone and doing something for yourself.
There is always a chance to do something for yourself if u feel u r getting bored. My vision was to start from Rs 80,000 and I am also sure that this income may not be sufficient in next 10 yrs. If u r free then u can definitely think about to learn more about investment techniques. The opportunities are much more than doing job in a company and struggling in metros. I also don't like to be totally free.
My first and foremost reason to ask was if it is possible to remain ahead of inflation while living in an average town.
Thanks for all who gave suggestions honestly.
My honest opinon, 80,000 too much money to spend in small cities like coimbatore, madurai etc.
There is a say:
Whatever you get from the soil, when you go from the soil, you leave it and go. Lord krishna said right ? It is fact too.
Every one's duty is to see that their children get proper education and stand they on their own without looking for dad's money.
Our indian mentality is for saving....saving..... what for you save ?
Assuming a person has a crore rupee the normal intrest returns on the 1 crore (80,000 ) will be eaten away by inflation.
But a wise investment will not be eaten away by inflation.
1) Invest in lands.
2)Invest in Post office fixed deposits.
3)Invest in mutual funds.
4) Invest in stocks.
Alternatively you can have your own business which will fetch good returns.
Unlike in canada, india has large population so start any business it will grow.
That is absolutely right.
My long term vision was not to depend upon just the interest income (This only at the start up). Down the road once I get more familiar with different types of investments and more confident, it will be a lot more fun.
Quote:
Originally posted by ashedfc
I am aware of a lot of people in late 1990's, who came back from Gulf (Middle-east) after Kuwait war.. with the expectation to survive on interest income of their assets earned while working at Gulf.
Those who were lazy, became broke over time.
Those who were active, got into inflation adjusted means & survived/thrived & prospered. The objective is, if you are active - you will prosper (no matter what). Being active can be doing business, trade, investing, consulting, etc.
All these will keep you ahead of others.
In inflationary times, to stay ahead - your wealth should grow more than loss of value in the currency. You will be the winner.
Bottom line - if you have made up your mind, venture out. 80k Rs is still a big deal, Pizza is Rs400, but if things get bad, you can avoid it to conserve cash.
Expenses can be divided into: Necessity; Comfort & Luxury... prioritize it & you will have no problems.
Great answer.
The best was the last paragraph. This reflects how i grew up. lol
Quote:
Originally posted by ashedfc
Buy Gold - its behaving as currency & offers the best hedge against deflation/inflation/store of value/risk/safety, etc, etc.
If your base currency is US dollar than the benefits are even more...
Gold prices are likely to hit $1850 an ounce by the end of next year on strong demand from emerging economies and supply side constraints, Paul Horsnell, managing director of Barclays Capital said in a media briefing here today.
http://sify.com/finance/gold-to-hit-1-850-by-dec-2011-barclays-capital-news-default-kkwaPjciaad.html
If you have come to Canada to make big money, then you made a mistake. Go to USA/Middle East to make big money and get back to India.
Advertise Contact Us Privacy Policy and Terms of Usage FAQ Canadian Desi © 2001 Marg eSolutions Site designed, developed and maintained by Marg eSolutions Inc. |