Bengaluru man with no debt, ₹2 lakh/month salary feels so ‘poor’ that buying ₹750 shirt stresses him
Can you earn ₹2 lakh a month, carry zero debt, and still feel broke? For this Bengaluru man, the answer is a resounding yes. Despite
Can you earn ₹2 lakh a month, carry zero debt, and still feel broke? For this Bengaluru man, the answer is a resounding yes. Despite “checking every box for a stress-free life” and pulling his family out of poverty, the 26-year-old shared in a viral Reddit post that purchases as small as a ₹750 shirt leave him stressed. “I'm 26, and I make ₹2 lakh a month. I don't have any debts, and neither does my family. It's just my parents and me,” he wrote. ‘Grew up pretty poor’ The Bengaluru man shared that he “grew up pretty poor” — “Like our household income was never more than ₹6-7k until I was 21, which is when I got my first job. We used to live in a tiny 10x10 room.” However, after he started earning, he said he made sure his parents stopped working. “They're retired now at our home. I moved them into a 2BHK in my hometown, and I live in my own 2BHK in Bangalore.” Also Read | Bengaluru college where students graduate with startups impresses Anupam Mittal Where does his salary go? The Bengaluru man said that, every month from his ₹2 lakh salary, he invests nearly ₹50,000, sends home ₹20,000, and uses about ₹25,000 for his rent. “Here's what I do with my money every month: I put ₹30k into mutual funds, another ₹10k into FDs or RDs, and ₹10k into gold chits.
I also send ₹15-20k home to my parents. Then there are all my rental and other expenses, which are around ₹25k,” he wrote in the viral Reddit post. The man said that since he started earning in 2021, “I've saved ₹4 lakh in stocks, ₹2 lakh in FDs, and about ₹2-2.5 lakh in gold. Plus, I have ₹6 lakh just sitting in my salary account.” Using his salary, he said, the “bigger things” he bought include a ₹60k scooter for commuting in Bangalore and furnished his parents' home with everything – a TV, sofa, fridge, kitchen supplies, rugs, and more. “This year, I bought health insurance for my parents for ₹30k/yr and life insurance for myself, which costs ₹24k/yr,” he said. “For myself, I got a MacBook M2 for ₹70k and a OnePlus phone for ₹25k.” ‘I never feel rich’ Despite what seems to be more than enough, the Bengaluru man said he never feels rich. “Honestly, I feel satisfied with what I've achieved, maybe even a bit accomplished sometimes, but I never feel rich,” he wrote in the viral post. The 26-year-old said he is looking forward to getting married this year, which “will probably cost me at least ₹10 lakh”. However, before the wedding, he said, he wants to buy a car for under ₹3-4 lakh, and gave some assets in his name, like a piece of land, “which will cost a minimum of ₹10-15 lakh in our town.” “I have money, but not enough for everything.
The BriefWire