Just another rant about this subreddit - feel free to ignore and scroll past if it's not your thing.
I love Reddit because I always come across interesting stuff, and I joined this sub to experiment with my money and learn new things.
But after being away for a while, I came back and felt that same lost-in-life vibe, like I'm not doing enough.
You have to dig deep to find any post that doesn't talk about inheritance or 2 LPM. I thought even 1 LPM was wild, yet most days you won't see anything below 2 LPM.
Reading this, some might tell me to stop reading here. Well, that seems like the only option.
Some of those posts are pure rage-bait, man!
In real life, earning 1 LPM puts you in the top 1 % of earners in India. Yet on this subreddit it feels like you're not even in the top 80 %.
We should just rename the community to r/richpeoplepersonalfinanceindia already.
That's true - below 40 k there's no room for investment; between 40 k and 80 k banks, PF and insurance eat up everything. So the lowest earners here are around 1 L, and the active members are typically 1.5 L+.
Lol, got frustrated with this one? Check out r/FatFIREIndia. Spend 10 min there and you'll see a billionaire.
If you total up all the incomes shared in Indian finance subreddits, it would probably surpass the combined GDP of the rest of the world.
I've been following this subreddit for a few years. I avoid the number-crunching game because it gets disappointing when we compare our own path to others. Still, I've learned a lot about investing, building an emergency fund and other investments here. I take most advice with a grain of salt and cherry-pick what fits my simple lifestyle.
Aren't you also seeing a lot of debt-and-loan-trapped posts on this same subreddit?
Sometimes it blows my mind how ineffective our country's leadership is - earning 1 LPM and still feeling like you're just barely staying afloat with all life's expenses.
I began with a 12 lakh debt, no house, no car, and I've been working for almost 7 years now. I'm just an average developer, so I never know when I might get laid off. The upside is that I'm aware of my situation and not over-confident like many, which gives me time to take sensible steps to avoid bankruptcy.