How to generate monthly income in India from savings only.

drV · Post by **drV** » Thu Aug 11, 2011 10:04 am

[INDENT]What i agonies about is how am I really going to comfortably generate 1.5lac / month and increase it with inflation ( for monthly expense excluding mortgage / rent ) just from my savings, since i do not want to work for living after R2I.

What I am looking for is suggestions about macro financial planing before R2I.

How much savings.......
how much to bring to India....
how much to leave in USA....
invest it in which Equity, Debt and Cash vehicles in what proportions in India and in USA.
and so on...

Thanks a million
[/INDENT]

Golfdude · Post by **Golfdude** » Thu Aug 11, 2011 10:21 am

1.5L * 12 = 18L + 25% taxes = 23L approx. 3 Crores in FD at 9% interest should do it. Now you have to consider inflation.

drV · Post by **drV** » Thu Aug 11, 2011 10:44 am

So considering inflation would you suggest increasing the suggested 3 cr to about 6 cr?

Golfdude · Post by **Golfdude** » Thu Aug 11, 2011 11:56 am

drV;404069So considering inflation would you suggest increasing the suggested 3 cr to about 6 cr?

You should try a financial consultant or an online retirement calculator. Amounts depend on years, inflation percent etc. Life is just too complicated to plan for decades ahead.

mn_op · Post by **mn_op** » Thu Aug 11, 2011 12:56 pm

The question is NOT how much you need. The question is how much you can realistically make.

You cannot come up with numbers like 6 or 7 crores and then start working towards it. By saving $400 more per month.

I personally know people who talk about these numbers but a single visit to a neighborhood strip club will unbalance their portfolio.

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mn_op needs to justify his poverty. And easiest way to do that is to attack rich.

cmk786 · Post by **cmk786** » Thu Aug 11, 2011 2:24 pm

If you can come up with 6 to 7 cr rupees than rest will automatically takes care of it and you do not have to worry for the rest of your life. But not majority of the people can make that kind of money. If they can than I bet they wont be in this forum. They will try to look for million dollar rich peoples forum and not ours.

cyberabadi · Post by **cyberabadi** » Thu Aug 11, 2011 6:04 pm

cmk786;404144... But not majority of the people can make that kind of money. If they can than I bet they wont be in this forum. They will try to look for million dollar rich peoples forum and not ours.

Why that assumption?

mn_op · Post by **mn_op** » Thu Aug 11, 2011 6:50 pm

cyberabadi;404159Why that assumption?

You have to rub it in. Don't you???

Jaggudada · Post by **Jaggudada** » Thu Aug 11, 2011 9:40 pm

Has anyone stashed 2-3 crore rupees in Indian banks( i.e. in black and white) and not faced hassles from IT officers etc? Do you keep that much money on one name or several names? Or am I being to paranoid as 2-3 crore is normal these days and not hefty amount as it used be a decade ago?

Imissindia · Post by **Imissindia** » Thu Aug 11, 2011 9:55 pm

Jaggudada;404237Has anyone stashed 2-3 crore rupees in Indian banks( i.e. in black and white) and not faced hassles from IT officers etc? Do you keep that much money on one name or several names? Or am I being to paranoid as 2-3 crore is normal these days and not hefty amount as it used be a decade ago?

I don't see why it would be a hassle as long as it is legal income. The "black and white" part you mentioned might be what is causing you the worry :)