Living a Comfortable Life WITHOUT a Fat Paycheck in Bangalore | Fix Your Finance Ep 3

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Hey Guys, In today's conversation we will look closely at the finances of Anirban Sarkar (Freelance Content Writer) who earns approximately 6 LPA. We will look at his income, expenditure, loans, investments. I'll also be talking about When to buy Insurance, How to pick the right mutual fund, When to sell stocks, Emergency funds, Tax and Investing.
Check if stocks are overlapping in MF: www.advisorkhoj.com/mutual-funds-research/mutual-fund-portfolio-overlap
About me ►
I Help Finance Brands Grow their Digital Presence | Honestly By Tanmay Bhat | Stocktwits India | Tickertape
This channel is an attempt to make finance a part of pop culture :)
#personalfinance #moneymanagement #fixyourfinance
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Instagram: / anshhuman
Linkedin: / anshuman-sharma-20452b148
Twitter: / anshuman_306
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Disclaimer: Neither the guest nor I am a SEBI registered investment advisor. Information shared is only for educational purposes and not investment advice.
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MY TOP 5 FAV BOOKS 📚
Ride of a Lifetime: bit.ly/rideofalifetimebook
The Millionaire Fastlane: bit.ly/TheMillionaireFastlane...
Zurich Axioms: bit.ly/ZurichAxioms
Masters of Scale: bit.ly/masterofscale
Just Keep Buying: bit.ly/justkeepbuying
Subscribe for more videos ► / @anshumanfinance
Music licensed by Epidemic Music

[@rsrinivas6076]

Bro Anshuman, 50k for a single is way more than enough, find a guy who lives with his family and earns 50k, that's when you'll understand why living with 50k in Bangalore is hard

[@anshumanfinance]

yes noted

[@ysnthings7225]

@@anshumanfinance please make a video on salary range of 3.5lpa or 20-25k per month

[@atulsinghbangalore]

True, i am at 50k but it's hard. Started with 14 7 years back

[@AnimalKingdom2510]

@@ysnthings7225 eat sleep repeat

[@ashutosht10]

True it's more than enough for a single or even a family of two. A whole family needs to be shown in this scenario.

[@smartindian7641]

I earn 70k and invest 80% of it, no Zomato swiggy, no shopping,no iphone , no travel, no fancy lifestyle,only spend is food, living in parents house.

[@bhanuverma8083]

That is smart! Living in hometown is a smart decision. We should all strive for it.

[@bindutiwari4263]

Ngl that's kind of a boring life for a person like me but you are extremely disciplined

[@abhishek2275]

Everything sounded good, except that living in parents' house. You haven't experienced struggle unless you live away from your parents, who are your comfort zone.

[@CyPsyGuy]

@@bhanuverma8083 you strive for it maybe, but do not tell others to live such pathetic lives. Cockroaches might want to live like that.

[@kakadiazeel]

@@abhishek2275 @@abhishek2275 I live with my parents and earn same money. I still know all hardships and struggle. Any mature guy can learn to live outside hometown. Its not big deal.. everyone learns with time

[@nayaksandeep2001]

This is the best series on financial planning. Real ,honest and practical feedback for young investors.Great work Anshuman

[@somsundar96]

Rent of 7.5K per month in Bangalore is the biggest achievement of all for him, I would say :')

[@TattooedWanderer]

I'm sure there are other feathers in my cap, but honestly here even in 7k you can find decent 1bhk rooms

[@somsundar96]

@@TattooedWanderer I think you haven't gone out now for house hunt :') Since this May '22, the prices have at minimum doubled.

[@TattooedWanderer]

@@somsundar96 sir I have shifted in Bangalore on 16th May :) Prices in my area are still the same in Neeladri Nagar

[@somsundar96]

@@TattooedWanderer Whatte coincidence, same here on the 16th! Aah so, Neeladri nagar landlords are good and not milking their PGs xD

[@TattooedWanderer]

@@somsundar96 not PG, staying in a private 1bhk flat, also no extra charge for water too :)

[@vaibhavkumar2218]

Anshuman , brother please don't stop this series , make as much videos as you can , and thank you your video helps me a lot

[@mithunnair8587]

Man this is one of the best financial series i have watched on KZbin ❤️. Keep going anshuman

[@ridhwikvinod]

Fantastic series Anshuman, absolutely loving it!

[@shanthgaitonde]

This is awesome content, keep meeting folks of different income levels and keep inspiring!

[@anirudhraghunath313]

I would really love to see a video where the salary is of a fresher, say about 3.5-3.75 lakhs which is an average CTC for a fresher for their first job. The take home salary however comes down to 22-24k a month. Would love to see a video for people in this price bracket because I'm sure there are budgeting tips which will help freshers like me

[@vibhakulkarni8791]

yup just graduated kids moving to a city with this amount is tough af

[@bhanuverma8083]

Dont take a job in Bangalore if you have this salary.

[@bhanuverma8083]

Even though you can, you need to find some niche areas in the city where there are villages and local population living like its 2004-2005 still. I am in Gurugram and there are areas like away from Main Gurugram that are cheaper to live for freshers. It takes time to find those areas, hence you should not stop exploring your own city. You might be paying 30-40% extra (at max) in the same city, whereas you can reduce you rent by moving to a lesser developed area. Of course, take into account the total cost and time of commute to your workplace. Good luck!

[@randomboi637]

bro why would anyone choose Bangalore then🤣🤣🤣 it will be a foolish decision your rent can easily eat up more than 60% of your whole salary forget about other expenses..I'm sure if you can crack 4lpa then work a little hard you can negotiate, or crack 7-8lpa ctc too

[@ameya6215]

If that's your whole salary like 22k in hand live in pg in banglore, yes u will have no privacy but you will have 3 meals a day a roof and wifi for 6000₹ or less with 3 sharing or sometimes 4 sharing too. Because in that salary range its time to just preserve and upskill yourself.

[@rahuljoshi2708]

I am glad that you are doing this series as financial literacy is important in India. But I feel like you don't have much connect with masses. In India, I would guess much more than 50% of youth struggle at around 30-35k in their late 20s. 50k is a huge amount and ofcourse people can live comfortably in it. Anyways, I am learning a lot of financial principles from your channel.

[@tyaggh]

50k I mean you are telling 50k is just. Man only 2 percent of private sector employees comes under tax deduction.Forget 50k, even 35 k is not the salary of most of the employees in private sector..

[@jake_runs_the_world]

Facts

[@rajvir9778]

This channel is becoming too rich for us.

[@anshumanfinance]

this is a relative observation. most of the people who filled the form from bangalore were making more than 10 LPA. I myself earned less than 40k in my full time job so I know 50k is a big amount but today things have become extremely expensive in bangalore. It is really very difficult to find a 1BHK for less than 20-25k per month in the central locations. Even in this video, Anirban was able to get a house for less than 10k because his office is in the outskirts (Electronic city). If his office was in HSR, Sarjapur road or near Koramangala where a lot of companies are located, the same 1 BHK would have probably costed 20k.

[@likhithramesh9065]

Absolutely true....Freshers nearly make 20-25k in their first 2 years(IT sector) If Civil and Mechanical then done Dona done 8-10k per month. Please try making more videos on 3.5-6LPA

[@rajvir9778]

@@likhithramesh9065 Yep especially if graduated from private university then sometimes people don't even get a job after engineering

[@anishdasgupta8949]

I love this series man... Keep doing this amazing work :))

[@pappuchak8605]

It took 13 years for me to reach the level of 85K gross and being a young guy you are getting 50k, so how is that less???! Most people in India live with less than 30K pm...

[@ghost93700]

Sir inflation

[@pranoy.chakraborty_]

*your relationship with money is shaped by your personal experiences* i can feel it

[@jatin-motwani]

Hey Anshuman, this is a great series. Excited for this episode.

[@JB.635]

Bhai content ho to aisa 👏👏...lots of things I m getting to learn and plz keep it up this series as long as possible cuz every individual stories are different and reflecting new perspectives...as a student and a beautiful life seeker ... Thanks a lot

[@jamesmathew9619]

Really good initiative Anshuman! India will be much better economically if 25% of the people has financial discipline and knowledge

[@shivamchawla6206]

This is the type of conversation we should look for

[@its_just_me_]

Started with 22k per month in 2018, reached 1.83Lakhs per month(before taxes) by the end of 2021. I still feel it's not enough. The more you earn, the more you spend. Your life style changes. You needs and wants increases accordingly.

[@atithembram9768]

Are u a developer

[@yzeegaming8681]

Hey what you do?... Common man spoke up.

[@abhinavsrivastava5881]

Of course it's not enough. It's never gonna be enough. People die before they have enough usually.

[@MsCharul]

Only IT professionals can achieve this

[@s.justin3477]

Bro can u help me with something

[@GetYourselfALife]

Consider bringing the life of 1.9-2.3 LPA folks in Bangalore like us, because that is what most entry level are paid in all major IT biggies for non-engineering grads.

[@GreenDriveIndia]

That's sad, minimum should be 30k.

[@GetYourselfALife]

@@GreenDriveIndia Agree, but most employers doesn't pay that much.

[@msdadsfsx]

yes but every year 50% increment is common, 60 lpa is common in IT

[@GetYourselfALife]

@@msdadsfsx what are you smoking?

[@msdadsfsx]

@@GetYourselfALife telling Bengaluru IT reality, why.. which field you work in?

[@sreyoshisengupta2049]

Learned a lot from both Anshuman and Anirban. A great venture.

[@Anonymous-by3wm]

50K is just enough?? For a person who's in 20's ? Seriously?? It's more than enough it's a dream salary , in banglore we're working for 15K-20K per month and sending money to our family and surviving. And you're saying 50K is just okay.

[@jerobyarts5654]

I know people who earn 1 lakh and still feel unsatisfied, you can't understand people's prespective

[@vishnukumarkr3499]

I earn 25 k a month and have a family to support.

[@saurabhkumar6027]

50k is not low, ask the fresher who earn 15k and he manages his living with little savings

[@kaustubhsure8099]

So true.

[@bhanuverma8083]

Thats true

[@anshumanfinance]

when I was a fresher, I also used to earn way less than 50k. But once you shift and start living independently, your expenses will increase!

[@moyeenshaikh9915]

What about 65k a month, soon going to be married

[@kashutosh9132]

​@@moyeenshaikh9915 Does your wife earn? Depands on that?

[@1618yt]

This format will go big !! Loved it

[@abhyudaychandravanshi9049]

Loving this series brother.... keep it on!!!

[@samratbasu2441]

Waited for the video for so long❤️.. About to start my early 20s journey. Excited thanks for the content Brother.

[@sudarshan3965]

My gross income is 82k and net income is 70k. Living in Delhi with this income for a single guy is more than enough. But i struggled with my finances. Just started regulating it.

[@harshk3351]

Hi bro, Mine is 70K gross getting 62K in hand. same I am struggling with my finances. 😔

[@surajkumaragarwal3514]

You can talk to some good financial experts or if you can you can share with me also your expenses i will try to give advice....😅😅

[@SuBhAmVLoGS]

man....such a good episode....loved it

[@nidhi_t]

Such a genuine and honest video! Great work Anshuman and team!

[@Pyarse1]

Simply superb way to get connected with.

[@susanthomas9721]

Great work Anshuman. Lots of learnings on financial management .

[@Abhizit]

I mean seriously, in last video a guy with 24lpa too had 30-40k expense.. so 50k is still some saving... I lived with my wife in Pune and comfortable lived on salary of 40k... 8-9yrs back lived in Mumbai at 20k, yeah didn't had saving but i was not like bhuka mar raha hu or living in cramped up PGs and lived and had job in Bandra West.... Stop using Instagram and you can live at very low expense...

[@Theworkoutpump]

Instagram haha amazingly said 👑

[@TattooedWanderer]

fair point

[@AshwiniKumarS]

Exactly, i am amazed at comment section that calls 50k low, sure it's low for a aspirational person but comeon, there are many bpo employees in banglore and much costlier Mumbai, avg salary of bpo is much lower than 50k. But the video has valid points regarding sustaining a lifestyle for much lower income, which can be worded better.

[@rockisrealmusic5338]

Lived in Mumbai alone or with wife with 20k ?

[@TheMusicINDIAA]

I'm loving this series!

[@sreejithiyer7540]

In your younger age, you don't have money to invest big in your middle age the responsibilities make sure you are not able to invest big By the time you are able to invest big the life runway becomes short. Hence don't wait. Invest in SIP and you can beat the best of investors

[@sushantkumar4863]

Hello Anshuman This video just popped randomly on my youtube. The way you talk, the way you suggest anything financially related.... I became fan of yours. Subscribing you buddy!

[@lifeofshekhar1744]

Moment he said his Father passed away, I understood his view about money. Bravo man

[@balajiquiz]

I traveled across india and other parts of the world for 12 years without a break on a (freelance) income far less than 50k a month. If I was living in a city like Bangalore in India I would need far less money than I did traveling. It totally depends on how content you want to be in your life. When you figure out that the best things in life come cheap (or even free), you can subsist on any income.

[@TattooedWanderer]

fair point!

[@mumin9436]

what kinda works u take up as a freelancer ?

[@balajiquiz]

@@mumin9436 video editing, writing, proofreading, translation, stock photography

[@kashutosh9132]

Flex karne ka tarika thoda casual h

[@lucygaming9726]

I can understand why the person is frugal. Dealing with that stuff in such young age. My father is a self made man. Lost both his parents before turning 18. I learned a lot from his life lessons on managing finances. I have a huge respect for everyone who lives below his income. Frugal is such a wrong word. We are proudly financially independent.

[@TattooedWanderer]

🙌🏽

[@religionofpeace782]

Facts!

[@aakasharya6918]

He is not frugal he is miser😂

[@mayankagrawal1594]

I think 50k is more than enough. IDK why these guys are thinking its low and saying things like there will be struggle

[@suyash.bengani]

I guess in a city like Mumbai, where rent itself is very high, one can find it difficult to save. But in other cities, it is possible to save a significant portion of income

[@mayankagrawal1594]

@@suyash.bengani i agree

[@vanshvansh4360]

Can anyone guide me which city is best to live alone, with average rent..

[@gouravjain4743]

50k is enough or not that depends on the city plus your lifestyle. For eg:A monthly income of 150000 is required to sustain my lifestyle and expenses.

[@suyash.bengani]

@@vanshvansh4360 depends on whether you can work remotely or not. If you can work remotely, living in tier 2 or tier 3 cities makes sense financially.

[@rohitmanshani519]

Great work Sir! Huge fan

[@AvisekSen]

Thanks Anshuman for coming up with different case studies

[@ArkaprabhaDe2]

Dude hasn’t seen the struggle at all. 50K is a dream salary for many IT professionals in Bangalore with nearly 5+ years of experience😂

[@amoghlakkanagavi10]

That's a bit exaggerated man!! 50k for 5+ years experience is hard to believe.

[@gauravmohanty8370]

"Dude hasn't seen struggle at all". Saying this about a man who lost his father while he was 8 years old is a criminal thing to say.

[@ZZZZZZ-eu7ui]

@@amoghlakkanagavi10 thats normal

[@shashwattripathi11]

Are you stupid? 50k is very easy to get even as a 2 years experienced.

[@ritambhrapathak2284]

I am a female working in Bangalore. I am in my mid 20s earning good money to sustain. But somehow, I always find it less. I got some really great ideas from this video.Today only I came across your channel and really impressed by your simple explaination. Thanks a lot 😊

[@chefroyale]

How much do u earn?

[@vaibhavjoshi4932]

Bahut badiya series hai bhai 👌👌🙏🙏❤️❤️

[@sangeetha-lg3ez]

Great job yaar..amazing content..keep going

[@my_j.a.r.v.i.s.]

First time viewer. Great video something unique.

[@MohitKumar-sm7vb]

Very smart and mature guy. God bless!

[@aditi107]

Realistic!!! Good video !!

[@rashmibru8086]

Great episode 💞😊

[@sanketgote5455]

Thanks for all the information bro

[@sachin4789]

Like it... gives gen z also to plan life better.. especially financially

[@AshwiniKumarS]

50k in 20's is not low at all, for couple with kids, this could be a point for discussion. Your channel's target croud would be well paid or those aiming to be well paid, that way this interview makes real good stuff. But calling 50k low paid is highly insensitive for Indian cities.

[@sumitmukherjee7131]

Exactly in a country with average income of 13.6k a month. 50k is not low. It's 5x of average.

[@AshwiniKumarS]

@@sumitmukherjee7131 the one 13.6k or even 25k income in later 20's or 30's won't watch this channel, so they might not want to cover them, which makes sense, actually if they cover also they might not be able to provide good advice as their advice is for well paid to maintain their future healthy. But saying 50k mein kaise.... Ooh...50k is low is not valid points.

[@zetaforever4953]

@@sumitmukherjee7131 average income of India doesn't make any difference. It includes people living in small towns and remote villages. In a small village an income of 13k will allow you to raise a family comfortably, whereas in Bangalore you'll barely survive. Plus most people earning 15-16k don't live alone. They either live with family or roommates, which also drastically reduces your expenses. When I lived with my parents in kolkata i barely spent more than 5k a month, now that I live alone in the same city i spend at least 20k, usually closer to 25.

[@sumitmukherjee7131]

@@zetaforever4953 If you take Bangalore (except Bangalore Urban part) the per capita income is 1.6 LPA. So even inside Bangalore there's a huge income disparity. Calling 50k low is coming from a little privileged place. It's like an American calling 5x of their per capita USD 250k low salary.

[@zetaforever4953]

@@sumitmukherjee7131 but i just said I'm talking about cities and urban areas. That's the whole point. That a big city will have a higher cost of living than smaller towns of villages. The more rural the area the lower the cost of living and the average income.

[@pratikpatil4]

I earn 38k per month living in Mumbai with my family. I am married and my wife earns too. I save 26% of my salary (some for emergency savings, for travelling and some investment in SIP). Spend 50% on fixed expenses like phone bill, house expenses and some emi. And remaining 24% spending for other monthly expenses like having dinner, with wife, friends and family, enjoying life.

[@Adilahmadofficial]

Awesome vidoe dude 😍😍😍

[@nvm3172]

wow i asked for it and you delivered it!!

[@dikshantagarwal3518]

Thanks bro. Great series

[@pratishthamudgal8566]

This series is so good ♥️♥️

[@fredericksharon6908]

He is street smart and knows what he wants in life, a person who knows what he desires has already scored big in life, i like his outlook on life and it goes in hand with what i believe, i do travel every quarter and probably spend 50-60k on that but then again im in to sales, and only travel on my commision :) work harder and party even harder.. Great show as always. 50k to 90k is almost the same in metro cities.

[@wasimm4023]

This series is awesome

[@Ravi-jn9ln]

Awesome financial knowledge

[@AkashSingh_de]

50k with that lifestyle for a bachelor is enough in any city in India except Mumbai! It’s good to be disciplined but not at the cost of life and happiness which sometimes can be achieved by materialistic things after all we live in a world full of materialisation.

[@kunalpardeshi1328]

Loved it!

[@rX0769]

Awesome insight

[@nithinbhandari3075]

07:18 Very nice point 👌 And very nice video.

[@chetan.s.k6055]

Awesome keep going 🤗☺️

[@pradeepthawani7471]

Great Series

[@arpitbatri1419]

Most of us started with 25k as starting salary that too in in Bangalore.

[@onuverma7593]

What an amazing session

[@himawants1520]

this is the content people should see

[@kedarkalokhe7837]

Too good content...

[@ImTheShrey]

I appreciate this, rather being any other fin-tuber and posting redundant videos on stock investing and same old topic, I like this, taking interviews of people and showing how things done by normal people. That's the bottom line not any excel sheet that someone shows to you.

[@RohitKumar-gd8vu]

I started with 20k 3 years ago. Right now, I earn 60k. It's still not enough. It will never be enough

[@preethamkonda5011]

Bhai start with investing, now i earn 5k a day

[@viveksingh-fy7tg]

@@preethamkonda5011 how

[@contact2ck]

I survived in Bangalore with 25k salary for more than 1.5year. 50k used to be dream !

[@ysnthings7225]

Can you share your expenses

[@contact2ck]

@@ysnthings7225 Monthly Expenditure: 6000 House Rent (Apartment) + 5000(Bike EMI) + 2000 Cook and Maid + 2000 Petrol +1200 E bill, Broadband bill and Mobile bill + 3500 Misc.

[@ysnthings7225]

@@contact2ck is it according to todays rates in Bangalore?

[@contact2ck]

​@@ysnthings7225 The data is five years old, but I believe you can still live comfortably with the same amount of money. 12-15k 2bhk (Sharing will come around 6-7k Rent Standalone building ) Rest justifies the current price!

[@ysnthings7225]

@@contact2ck thank you so much for sharing this...I am a fresher recently joined Wipro and i'm scared to relocate to Bangalore with a low package...Any tips

[@rahulvadone4197]

Anshuman.. this channel with 40k subscribers is like undervalued stock with high ROCE , ROE with PE < 15

[@swarup3853]

This is the most effective communication.

[@bhagyalakshmi1348]

This really helped thanks a lot!

[@zubinnagpal8818]

Tanmay bhai ne bola to main aaya air subscribe Bhi Kia. Aaj se full support

[@shngain]

This is the kind of video i was seeking all along...thanks Anshu.... from Shillong

[@notinbengaluru884]

Very informative Anshuman jee

[@kanavgupta2816]

Great vid

[@JithendharS]

Hope this video's reaches to all those mnc confession pages

[@tanvid007]

Started my career in bangalore with 25k in hand and has fun with friends, traveled, shopped, invested and saved. Now even though I earn a lot more it's still not enough and always make me wonder how I survived on 25k.

[@henririba6073]

Sounds so relatable. 2 years back i was earning 22k in hand but life was easy and never did i felt it was less. Now i am earning 70k in hand but still that doesn’t suffice. Still wondering how i survived 😂

[@keshavgarg1564]

Great video

[@rheanarula7881]

Thankyou for this video . Really shows kitne paani me hai hum

[@asdasdasdqwe123]

For anyone complaining... If your salary is less than 50k then your priority should be to increase the income and not think about investing.

[@bhavanaganugula3401]

thnku fr sharing

[@bhargavreddy7038]

He is the most disciplined guy in terms of finance

[@loocrednahc]

in your sip calculator never put interest beyond 10% for realistic outputs.. 8% is considered below average and 12-15% is very good

[@shahbaazzz]

Bro most of have started with less than 20k in bangalore and grown. 50k is still a dream for a huge chunk of people.

[@Rmm1236]

Good video.. Ab toh akshat srivatsav bhi yeh concept try karne wala hai.. But anshuman does the beat job still underated in youtube

[@ashutosht10]

Concept is good no doubt but his videos are not scripted properly and lack good content or info. Akshat is a professional he will make a lot better video on same concept.

[@nitishkumarsinha2572]

Thanks 👍

[@yogeshsuryawanshi4861]

Best video ❤

[@1312kanika]

Useful information

[@dakshaswal1607]

One thing that is being promoted too much nowadays is a conservative mindset. One should focus on savings 100% but make sure you use some portion of that to upskill yourself and improve your earnings. Invest on yourself before anything else.

[@shahrukhsyed8165]

Very nice video @anshuman, really loving this series

[@davidjeevaratnam925]

Nice one

[@moowntherusvartt2827]

I’m a fresher and will be starting my job soon. My ctc is 8lpa and my inhand will probably be around 50k. I know a lot of ppl are talking abt how it is not realistic but more ppl have told me that I have not worked hard enough coz apparently in software I’m supposed to start from a higher salary than ppl who told me thats its fine for me to start with this package. That’s the reason I feel like this is not enough and I’m not enough coz everyone around me keeps saying I haven’t worked hard enough, settled for less than my worth or not built opportunities myself for a 10-12lpa job.

[@priyanshupathak5606]

Maza aa gaya!!

[@adityakishan589]

Would love if you summarised the video learnings at the end.

[@sudhanshuyadav2756]

Income anusar kharcha is my takeaway line!