FINANCIAL INDEPENDENCE
Rs 1 lakh salary, Rs 20,000 savings: Is early retirement possible? 22-year-old starts retirement planning from day one of career
A 22-year-old who is about to start a job in Mumbai with a monthly salary of around Rs 1 lakh turned to Reddit for advice on retirement planning. After accounting for rent, living expenses and family support, he expects to have about Rs 20,000 left each month for savings and investments. Reddit users advised him to first build an emergency fund, buy health and term insurance, invest consistently and focus on increasing his income through upskilling, arguing that career growth can have a bigger impact on long-term wealth creation than constantly tweaking investments.
IIT Delhi grad had to wait 7 years to start his business. Today, his net worth is over $2.3 billion. Who is Jyoti Bansal?
Jyoti Bansal, an IIT Delhi alumnus, faced visa hurdles in the US. He waited seven years for permanent residency before launching AppDynamics. Despite funding rejections and economic challenges, his company thrived. AppDynamics was eventually acquired by Cisco for $3.7 billion. Bansal's journey highlights the power of perseverance in achieving entrepreneurial success.
Ram temple donation row: UP govt forms 3-member SIT
A three-member Special Investigation Team has been formed by the Uttar Pradesh government to investigate allegations concerning donations and financial management of the Ram temple trust in Ayodhya. This move follows a request from the Shri Ram Janmabhoomi Teerth Kshetra Trust. The SIT will examine claims of missing funds. The trust has stated that internal audits are ongoing.
CLSA set to vanish as brand after 40 years in Asian brokerage: Report
Hong Kong-based CLSA will be rebranded under Citic Securities from 2027, ending a brokerage brand known for its distinctive culture and strong presence across Asian financial markets. The move reflects Citic's effort to integrate CLSA more closely into its institutional framework.
Proverb of the day: 'The woman who does not covet the possessions of her husband is...' Life lessons on marriage, love, relationships, emotional attachment and human nature
Proverb of the day highlights an old saying that links a wife’s lack of interest in her husband’s possessions to emotional attachment elsewhere. The proverb explores marriage, relationships, emotional disconnect, trust, companionship and human nature. While rooted in traditional beliefs, modern interpretations offer different perspectives on love, independence, loyalty and emotional fulfillment, making the proverb relevant in discussions about relationships today.
Quote of the day by Cher: 'Men are not necessities, they’re luxuries. You don’t need them, but they’re really wonderful...' A reminder from American music legend that relationships should come from choice, not dependency
Cher once said, 'Men are not necessities, they’re luxuries. You don’t need them, but they’re really wonderful' during a 1996 interview on Sunday Morning with Jane Pauley. The quote highlights her view on independence in relationships, suggesting that romantic partners are not essential for a complete life but can still add joy and value when chosen freely. It reflects a broader idea of emotional self-reliance, where love is seen as an option rather than a requirement.
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Woman’s ₹40K monthly budget hack goes viral: Saves ₹7.2 lakh in 18 months, then quits her corporate job
A woman's viral Instagram post details her disciplined 18-month "corporate exit budget," saving ₹7.2 lakhs by cutting ₹40,000 monthly from dining out, subscriptions, shopping, coffee, and trips. This financial discipline allowed her to surpass her salary and quit her job, prioritizing long-term freedom over temporary comfort while safeguarding her health and well-being.
Company triples workload but gives no salary hike: LinkedIn post on employee's 2-year pay freeze goes viral
An Indore professional's LinkedIn post highlighted a friend's plight: a marketing professional's workload tripled over two years with no salary increase. Despite taking on multiple new responsibilities, his only reward was a title change from 'associate' to 'specialist,' sparking widespread debate online about companies prioritizing designation upgrades over fair compensation and financial benefits for employees.
Weekly Horoscope for ♒ AQUARIUS (June 13 - June 19, 2026): A New Idea Could Change Your Future Direction
Aquarius Weekly Horoscope (13th June 2026 to 19th June 2026): Aquarius, this week brings fresh insight, stronger motivation, and a clearer understanding of where your future is heading. Many of the doubts or uncertainties that occupied your mind recently begin to fade as new possibilities emerge. You are entering a phase where your ideas carry greater power, and your ability to see beyond immediate circumstances becomes one of your greatest strengths. This week encourages you to trust your unique vision while taking practical steps toward your goals. What may seem like a small decision now could have a significant impact on your future direction. Sandeep Agarwal's insights in this aquarius weekly horoscope encourage balance, clarity, and resilience throughout this weekly horoscope cycle while offering guidance through this weekly horoscope for aquarius.
Not stocks or crypto: Gurgaon techie earning Rs 1.5 lakh a month, has a side hustle from which he earns Rs 15-20 lakh a year. What is it?
A software engineer in Gurgaon has built a lucrative side hustle by operating four coconut water carts. While working his full-time tech job, he manages the business by purchasing stock daily and collecting earnings in the evening. This seemingly simple venture reportedly generates an additional Rs 15-20 lakh annually, proving that profitable opportunities can be found in ordinary businesses.
CA believes your monthly salary is one of the least important money numbers. Here's why
Earning a large salary does not automatically mean wealth. Chartered Accountant Nitin Kaushik explains that focusing on income alone is misleading. True financial strength comes from what you keep, invest, and grow. A person with a lower income who is debt-free and invests consistently may be building more wealth than a high earner burdened by loans and expenses.
“How are people surviving?” Mumbai couple’s viral post breaks down monthly spending and struggle to save despite a good income
A Mumbai couple earning ₹2.2 lakh monthly shared their struggles to save money, detailing significant expenses like rent, household needs, and investments. They expressed concern about future financial stability, particularly with potential family growth, prompting online discussions about spending habits and financial planning.
Payoneer India Cross-Border Excellence Awards 2026 launched to recognise the country’s leading cross-border businesses
Payoneer and The Economic Times have launched the Payoneer India Cross-Border Excellence Awards 2026. These awards will celebrate Indian businesses and entrepreneurs contributing to the nation's cross-border commerce growth. Nominations are now open for various categories including service exports, e-commerce, and D2C brands. An exclusive gala in New Delhi will mark the culmination of this initiative in September 2026.
'He doesn't work, just plays video games and hangs out with his girlfriend': Frustrated father seeks advice on unemployed son
A father's frustration over his 21-year-old son's lack of work and financial independence has ignited an online discussion. The son spends his days playing video games and with his girlfriend. Parents are grappling with how to encourage responsibility without enabling dependency. This situation reflects a growing challenge for many families as young adults remain at home longer.
What Radhika Ambani wants young Indians to know about success
Radhika Ambani shared insights on success, purpose, and equality with students. She stressed defining success by personal impact rather than just quantifiable metrics. Ambani also discussed overcoming fear of failure through action and the importance of financial independence for women. Her message encourages a balanced, globally aware yet rooted perspective for young professionals.
‘A spa day won’t save you...’: CA shares what real self-care in finance should look like
Chartered accountant Nitin Kaushik redefines self-care. He argues true peace of mind comes from financial independence, not just spa days. Kaushik highlights that building income-generating assets is crucial for long-term security. This empowers individuals to make independent choices, escaping undesirable situations. His message encourages a shift towards wealth creation for lasting well-being.
Spanish Proverb of the Day: “In the rich woman’s house she always… — Life lessons on wealth, power, leadership and why money talks
Spanish Proverb of the Day highlights the meaning of “In the rich woman's house she always commands; he never.” The saying reflects how wealth and financial independence can influence authority and decision making within relationships and households. It suggests that the person who controls greater resources often holds a stronger voice in important matters and daily affairs.
RBI proposes unified framework for banks' risk, compliance and audit functions
The Reserve Bank of India has released a draft framework for bank control and assurance functions. This aims to simplify rules and boost governance. The new guidelines will be effective from January 1, 2027. Banks must ensure their risk management, compliance, and internal audit functions are robust.
‘You’re Indian? How are you so nice?’ Indian woman recalls Thai locals’ reactions
An Indian content creator's recent trip to Thailand revealed that locals were surprised by her polite behaviour. She observed that some Indian tourists have left a negative impression through actions like littering and disrespecting customs. This has led to locals showing unexpected hospitality towards her. The creator urged fellow travellers to represent India positively abroad.
Psychology suggests reason so many older parents won’t ask for help is a fear they’d never say aloud; moment they need their children more than their children need them, they stop being parent and become the responsibility
In various caregiving scenarios, many elderly parents show reluctance to accept assistance from their adult children. This hesitance often stems from a profound fear of losing their sense of self and independence. They worry about becoming a burden and changing the established family dynamics. While children are focused on ensuring safety, parents tend to prioritize their autonomy.
Quote of the day by Warren Buffett: "As bandwagon investors join any party, they create their own truth, for a while"
Warren Buffett’s quote highlights how herd behaviour can create temporary market realities detached from fundamentals. As investors chase trends, valuations may inflate beyond reason. However, such phases are short-lived, with fundamentals eventually prevailing. The lesson underscores the importance of discipline, independent thinking, and long-term focus in investing.
Infosys CFO Jayesh Sanghrajka joins Cars24 board as independent director
Cars24 cofounder and CFO Ruchit Agarwal announced the appointment in a blog post, describing the move as significant for the used-car platform as it scales operations and eyes a public market listing.
Financial independence: Why enabling agency and accountability matter for women, parents, and dependants
I would like to place for discussion not just the question of freedom to decide, but also responsibility and accountability. Why don’t we provide a monthly allowance in cases where explicit incomes that enable agency are not present? Does it denigrate the ‘care’ and ‘love’ to rupee terms, which makes it uncomfortable?
UFC White House event under threat? Federal lawsuit seeks to stop 'Fight Night' on Trump's 80th birthday
A federal lawsuit challenges a proposed UFC 'Fight Night' event at the White House, citing legal and ethical concerns. Filed by the Public Integrity Project, the suit alleges the event is intended for President Donald Trump's financial benefit and violates federal law by using national parkland without proper authorization or environmental reviews.
After Lalit Modi's 'diamond digger' remark on Sushmita Sen, director Vikram Bhatt recalls dating Miss Universe while being broke: 'I didn't have money to even buy poison'
Filmmaker Vikram Bhatt recently revealed he was financially struggling while dating Sushmita Sen, even struggling to afford basic items. He worked on major film projects and dated the famous actress during this difficult period. The director's comments echo Lalit Modi's recent defence of Sushmita, suggesting she was financially independent. Read on!
German car, designer bag, luxury watch? CA says none of these prove you're actually rich. Here's what really matters
CA Nitin Kaushik challenges the notion that luxury goods signify wealth. He argues that visible status symbols like premium cars or designer bags, often bought on EMI, merely show spending habits, not true financial security. Real wealth, he asserts, lies in savings, investments, and the freedom to leave toxic jobs, offering peace of mind over external validation.
Gurgaon CEO shares a shocking truth about modern Indian marriage: 'The person with more money...'
Gurgaon-based CEO Jasveer Singh sparked debate on X by asserting that significant income disparities in Indian marriages can lead to power imbalances and abuse. He argued that men earning substantially more than their wives may feel a sense of entitlement, leading to problematic dynamics.
Punjab to launch ‘Mawan Dheeyan Satkar Yojna’ from July 1, offering monthly financial aid to women, check registration details
Punjab is launching a new scheme to provide monthly financial aid to women. Eligible women will receive ₹1,000, and those from Scheduled Caste communities will get ₹1,500. This initiative aims to boost women's financial independence and self-respect. Enrollment is ongoing, with Mahila Satkar Sakhis assisting registrations. The scheme is set to empower women across the state.
'High salary is a comfortable trap’: CA explains why a big paycheck may not make you financially secure
A high salary does not equate to true wealth. Chartered Accountant Nitin Kaushik highlights that relying solely on a paycheck creates a 'comfortable trap'. Genuine financial security stems from multiple income sources, not just compensation. Wealth is built when money flows independently of active work. Professionals should convert earnings into income-generating assets for lasting financial independence.
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