A developer's guide to wealth

5fa2fd48b3ad0ca24734e53d29e794bb?s=47 Adnan A M
December 13, 2020

A developer's guide to?wealth

Slides from my talk at GDG MAD 2020

5fa2fd48b3ad0ca24734e53d29e794bb?s=128

Adnan A M

December 13, 2020
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Transcript

  1. A Developer's Guide To Wealth 01 ADNAN A M GDG

    MAD 2020 d
  2. 02 WHAT IS GOING TO BE COVERED? Today's Agenda Hello

    World Understanding Your Salary & Taxes Inflation Being Wealthy Compound Interest Budgeting & 99 others..... d
  3. d 03 Hello World GDG MAD 2020

  4. d 04 Salary & Taxes GDG MAD 2020 Gross Salary

    Net Salary Taxes
  5. 05 Salary Components Gross Salary Total salary before tax deductions

    Professional Tax Tax levied by state govt for practising your profession Net Salary Take home salary after taxes & other deductions Income Tax Amount owed to the govt based on tax bracket d
  6. 11 GDG MAD 2020 What is Inflation & why should

    you care? Because it affects you! d
  7. 08 Cost Inflation Index Average growth of 7% YOY CII

    is used to calculate indexation benefits & is proportional to Consumer Price Index GDG MAD 2020 d 0 25 50 75 100 125 2015 2016 2017 2018 2019 2020
  8. 09 How Inflation Affects You Items you could buy for

    ?100/- in 2015, you would spend ?140/- today (2020) for the same items. GDG MAD 2020 d 2015 2016 2017 2018 2019 2020 150 100 50 0
  9. 10 GDG MAD 2020 If your hike was less than

    7%(YOY) on avg in the last 5 years you are making lesser than before! d
  10. 11 Avg rate of interest from various banks 4.5% GDG

    MAD 2020 So if you kept your money in the bank, you would roughly lose 2.5% of the value every year d
  11. d Being Wealthy? GDG MAD 2020 12

  12. 11 GDG MAD 2020 Would you rather have $1M today

    or a penny doubled everyday for 30days? d
  13. d Power of compounding 09 GDG MAD 2020

  14. How To Be Wealthy? 18 GDG MAD 2020 Wants vs

    Needs Buy Stuff At Fair Value Control Expenditure Delayed Gratification Avoid deprecating assets & liabilities d
  15. 09 50/20/30 Budgeting & Expense Planning Essentials 50% Personal 30%

    Savings 20% GDG MAD 2020 d
  16. 20 Financial Plan Emergency Fund 3-6 months worth of expenses

    Invest Grow your money while idle Expense Planning Annual expense planning Charity/Donations Giving back to the society Goal Setting Define long term & short term goals Debt Payoff Pay off outstanding debts d
  17. d Investing GDG MAD 2020 12

  18. 16 Goal Based Investing A smarter way to invest Invest

    to achieve your goals, not because your friend asked you to. Goal based investing lets you take a methodical approach to tying your real life goals to investments & funding them. GDG MAD 2020 d
  19. 14 Investment Options Real Estate Residential/Commercial spaces Mutual Funds Managed

    stock investments Fixed Deposits Fixed term deposits Stocks, Cryptocurrencies Direct equity, exposure to market & volatility d
  20. 11 Real Estate - Rental returns 3-5% GDG MAD 2020

    Across various cities & locations. Doesn't generate enough to beat inflation. d
  21. 11 Fixed Deposits 6-8% GDG MAD 2020 This beats inflation

    just marginally. d
  22. 11 Mutual Funds - Avg Returns 8-15% GDG MAD 2020

    Beats inflation but comes with a risk trade off d
  23. 11 Stocks, Cryptocurrencies - Avg Returns ?? % GDG MAD

    2020 Highly volatile, hard to estimate returns but generally tend to beat inflation easily d
  24. d 10 A few things about building wealth Get Rich

    Slowly Goal Setting Helps Accountable Setting goals will help you track progress. Time Is King Growth The more time you allow you investment to grow, the more you will gain. Patience Most of your wealth will be built over time & with not much happening.
  25. 11 GDG MAD 2020 Thank You! d

  26. 21 GDG MAD 2020 Twitter @ADNANM0123 d

  27. 11 GDG MAD 2020 Spend Stack spendstack.in d

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