Engineering is a fantastic field! I'm an engineer myself, and coding is a big part of my job. I Love Engineering is such an inspirational platform for those in the engineering community! It provides an incredible amount of resources and information, plus it's an amazing place to share tips, advice, and even our common struggles. It really helps to bring us together and build a strong engineering network. Thanks for everything you've done - keep up the great work!
It’s worth noting that it’s definitely important to enjoy your life. Sacrificing everything in the name of savings will leave you with a lot of regrets.
Hey Utsav - it's been a long time that you have released a video. Nice content and interesting that you spoke about your finances. Yes, Utsav it would be great to hear from you about personal finance.
Hey Utsav, great video. Following you since long! Can you please make a video on explaining your investment strategies along with diversification? That would be of great help. Thanks!
Totally agree with Coder Guy, it would be helpful to understand how you create other sources of incomes besides your engineer salary and RU-vid videos. Thanks Utsav !
As an intermediate soft eng I always struggle to feel at ease with my spending habits - i always feel like I’m overspending. Thanks for the insight, greatly appreciated
I just started my SWE job and I keep justifying getting a really nice car, but I work remote and I would hate to see such a depreciating asset just sitting there lol. Maybe when I'm more you're level I will consider it 😂 Thank you for your financial wisdom and transparency.
Cars aren’t depreciating as much as they used to. Especially with the chip shortage and how many chips cars use these days. Maybe it wouldn’t be such a bad investment.
@@adamdrake39 "Depreciating as much as they used to" is still depreciating! Imagine buying a 100k car only for you to lose 20-30-40% over the years.Also, markets for all assets are dropping like rolexes and more. Of course I do not care how others spend their money, especially if it's their dream car. I, personally, just do not like that. But I know when I get a big tech job, I will get a decent car haha.
Great video, this is my second time watching this. As a college undergrad student majoring in CS, I find this extremely valuable. It would be great if you share how you diversify your other income streams as well. Nonethless, great video!
Love your sincere and helpful approach here. Keep it up and don't mind any haters. There are plenty of supporters too. As a rescue dog owner, I completely understand that expense 🙂 A lot of young people will benefit from your candid disclosure of how to distribute one's savings and investments.
This is pretty much how I envision my budgeting plan to be once I've got my diploma/degree. Unfortunately more and more, you've got to make money, to make money. Especially with the looming worldwide recession. Minimum wage pretty much guarantees living paycheck to paycheck these days. Would have been good to mention the importance of education and correlation with career opportunities.
I'm so jealous of developers in first world countries who are earning money that I can only dream about. Here I am, a developer with 9 years of experience in a third world country, earning less than $2k a month before taxes. Hopefully, I can find a local or remote company to improve my earnings this 2023.
Ive always liked the feel of a real book, I’m sure you can learn the same with pdf or online versions. Do hobbies require you to live above your means?
I usually go with online-only bank accounts and just ditch the option to have a debit card. They generally have higher interest but taking money out means you have to do a slower transfer into your main account. A lot of newer accounts let you set a blocker that won’t let you withdraw below a certain amount unless you can the bank… things like these. But these are what work for me, maybe different things work for you. But in the end, if you are really gong ho on spending all you money, nothings going to prevent you. Maybe your wife haha
Hello, I am from Bangalore, India. My after-tax income breakdown. (In Indian rupees) 26k rent+utilities 14k food 5-8k misc. Total expenses are about 45k-48k. 143k after-tax income. So I save 2/3 of my monthly income.
800 for a dog who needs special treatment is the best thing your money can go. The health of a member of the family is even more precious than our health.
Dude I realise that at this point this is kind of a game for you, but your scheme is so complicated and time and mind consuming to rival all the bs that women think and do about fashion and appearance...
Where did you learn the rule for "Never let your expenses exceed 80% of the lowest erners income"? I'm just wanting to read more about that idea and share it with others, so I was hoping you would have a link or resource to the source of it (if it came from a financial advisor).
Hey Utsav, thought You mentioned that your shared expenses plus any individual expenses b/w you and your wife would not exceed 80% of the income of the lowest earner amongst the two of you…just curious if thats 80% of post-tax or pre-tax income
