Question: Is Rs 50000 A Good Salary?

How much should I invest to get 50000 per month?

Now, let’s see how much corpus would be needed to get Rs 50,000 monthly or Rs 6 lakh annually by investing the amount in FD.

Assuming that the average current FD rate of 7 per cent per annum would remain constant, to get Rs 6 lakh annually, the lump sum amount to be invested is about Rs 85,71,500..

Can you live in NYC on 60k a year?

60k is the median household income in nyc. You won’t be living wild and large, but it’s feasible. … You will need a guarantor for the apartment, and you will be paying for than half of your income to rent, but if you “don’t like people” then you will be spending most of your money on rent.

Is 50 lakhs a good salary in India?

Some dreams do come true and you reach a goal of having an annual income of 50 lakhs. The lifestyle that comes with it is luxurious to say the least. You can look forward to owning a large home in a posh locality, furnishing it well, ride the car of your dreams, and wear the best brands that markets can offer.

What is middle class income in India?

Those with a per capita income between $10 and $20 a day belong to the global middle class, according to a 2015 Pew Research Centre report. This would translate into the top 3% of India’s population.

Is 30000 a good salary in India?

A good income is that which takes care of necessary living expenses and still gives good amount of saving every month. Ideally, considering average retirement age as 55 yrs, you should save around Rs. 30000 every month from your salary so that you and your spouse can live a comfortable life with dignity till death.

How should I invest my 50k salary?

Debt Mutual Funds: Invest in good quality Debt mutual fund. Debt investment provides capital protection and guaranteed return compared to equity. … PPF: Public Provident Fund. … Bank Fixed deposits: Bank FDs are the most favorite investment options among Indians which provide guaranteed interest also principal is secured.

Is 80k a good salary in NYC?

You can do quite well in NYC with 80k/year depending. If you’re sharing an apartment you’ll have a lot more buying power, but 80k won’t put you in the lap of luxury. … If you’re sharing an apartment you’ll have a lot more buying power, but 80k won’t put you in the lap of luxury.

What salary is considered rich in India?

Notably, India’s richest 1% includes more than 13 million people and their annual pre-tax income amounts to USD 77,000 or an estimated Rs 55 lakh, according to a Bloomberg report, titled, This Is What It Takes to be in the 1% Around the World.

Can you live in NYC on 50k a year?

“I definitely think you can live comfortably on a salary of $50,000, even in New York City,” says Haskins. “It’s an expensive city, but I think if you know where your money is going and you recognize what your priorities are, it’s totally doable.”

Is saving 500 a month good?

Like always in saving, it’s not the absolute figures that matter, but the relative ones. The golden rule of saving money is that at least 10% of your income should be saved for the future. So, the monthly saving of $500 is good if you earn $5000 per month, awesome if you earn $3000 per month.

How can I earn 50000 per month?

earn 30000 to 50000 per month without any investment JobsAuto detailing/ Auto Upholstery.E-Rickshaw Driver.Livein maid.food packaging.Anchor. News Editor. Reporter/Sub Editor.Retired Military Personnel.Abacus.

Can you live in NYC on 40k a year?

Total: $2,524.50 per month. That’s $30,294 per year after taxes, which means that to live a reasonably comfortable life in New York City, a single person would need to make a salary of roughly $40,000 per year.

Is a salary of 50k good?

For most people in India, 50,000 still remains an unbelievably large amount. India is a poor country with very low per capita income. So in general, it is a very good salary. … So in general, it is a very good salary.

What salary is considered rich in USA?

about $100,000To be considered “rich,” most Americans say you need an annual income of about $100,000.

How can I be filthy rich in India?

People think that doing investment is the only way towards rich lifestyle….So, here are 5 smart ways to start making lots of money:Invest your money the right way: … Have emergency cover: … Make a budget: … Stop buying unnecessary luxury stuff: … Diversification is important: