So yeah my main source of monthly income is my salary which I have no idea, how much it is going to be from April onwards. It would be about I think 82k. Dude I am earning so damn less!!!
I don’t really have any other sources of stable income. I need to get some money out of my trading accounts!
My monthly expenses would be :
KSFE investment – 18+12+8 = 38k
HDFC EMI – 21k
ICICI EMI – 29k
Total – 88k
Rent – 10k
Other Bangalore expenses – 10k
Gym – 4k
Other expenses – 13k
Total – 1.25 Lakhs!!
So I need 40k extra income monthly no matter what.
So I need to withdraw 20k from each of my account every month. so my monthly income becomes 1.42Lakhs. Which gives me about 15,000 extra money.
I don’t even have money for bikes or trips anymore. I am 27!!
My ways out – Really save money on every unnecessary expenses – sleeper trains, cheap haircuts, no coffee dates, no drinking, no expensive cafes
Increase my income – Income from stocks. I have been losing money consistently ever since I started trading and I will keep losing it if I do things the same way. So I need to change. Just going to play it super safe here on! Going to slowly build my way up.
Anyways keep updating weekly. Withdraw – 5k weekly from all accounts. It will definitely keep the accounts liquid.
Get a high paying job- This thing really solves the problem in the short run but makes it even more difficult to quit the job
Pay out of the capital. In that case capital runs out in 2.5 years or even 2 years
Anyways everything ends in 4-5 years from now. By then I’ll be 32 and sitting in a huge corpus. At 32, I should take a 1 Lakh * 100 Chitti . My friends who are earning already have those.
Hoping to see that this ends well 🙂