Author: The 50 Year Old Guy
The 50 Year Old Guy
50 years young, proudly running on caffeine, Wi-Fi, and questionable financial choices. Writes about finance and tech, still learning the ropes of personal finance and investing—and sharing the chaos as I go. Successfully unsuccessful, but hey, at least I'm consistent!
Let’s be real — ₹1,000 a day may not sound like a lot, but it adds up to ₹30,000/month. That’s enough to save, invest, or even reinvest into growing your income. Whether you’re a student, working professional, or someone looking for extra cash flow, here are smart, tried-and-tested ways to hit that ₹1,000/day mark. 1. Freelancing Your Skills (₹500–₹2,000/day) 2. Micro-Reselling Business (₹300–₹1,500/day) 3. Delivery or Gig Work (₹500–₹1,200/day) 4. YouTube Shorts & Instagram Reels (₹0–₹2,000/day) 5. Affiliate Marketing (₹100–₹2,000/day) 6. Tutoring / Online Coaching (₹300–₹2,000/day) 7. Print-on-Demand Merchandise (₹200–₹1,500/day) 8. Stock Market & Mutual Fund Investing (Passive) 9. Dropshipping…
Spoiler: No, we’re not. And neither is compounding. In a world where your weekend coffee run costs more than an SIP, the idea that ₹2,000/month can make you wealthy sounds like a scam. But what if it’s not? According to CA Neha Pathak in a recent article by India Today, this small but consistent investment could compound into crores over time. Yes, really. How ₹2,000/Month Turns into ₹70+ Lakh Small money + big time = serious wealth. But 30 Years? That’s Forever! Yes, and so is retirement. SIPs aren’t get-rich-quick schemes—they’re get-rich-slow-but-sure plans. Most people spend ₹2,000 a month on…
If you’re salaried and planning for retirement, two of the most powerful tools at your disposal are: By combining these and contributing consistently from age 30, experts say you can build a ₹12 crore corpus by 60, with minimal or no tax. The ₹12 Crore Retirement Plan Based on estimates shared by wealth advisor Sujit Bangar (via News18): Source: News18 Why This Combo Works EPF: Stability & Tax-Free Growth NPS: Growth + Extra Tax Benefits Is ₹25,000/month Too Much? Yes, for many. But this is just a model. Start small and scale up: Limitations Sample Retirement Plan (2025–2055) YearEPF ContributionNPS…
“Why do I always feel guilty after buying something for myself?” “Why does money make me anxious, even when I have enough?” “Why do I save aggressively, but still feel unsafe?” If you’ve ever asked yourself these questions, you’re not alone. The way we think, spend, save, or even fear money as adults is often shaped long before we earn our first rupee. It starts with what we saw, heard, and experienced as kids. “Children are great observers, but poor interpreters.”— Dr. Brad Klontz, Financial Psychologist The House You Grew Up In Is Still Living Inside You Think back to…
Introduction: The Enemy You Didn’t See Coming Imagine this: You get your first decent job, start earning ₹40,000/month, and manage to save ₹5,000. Fast forward a few years—you’re now making ₹1,00,000/month. But your savings? Still stuck at ₹5,000. Or worse, you’re in debt. What happened? Welcome to the world of Lifestyle Creep, one of the most silent yet dangerous enemies of long-term financial well-being. Unlike bad investments or job loss, it’s invisible—masked as success, comfort, or even “self-care.” But make no mistake: Lifestyle creep kills wealth. What is Lifestyle Creep? Lifestyle Creep (also called Lifestyle Inflation) is when your expenses…
In today’s economy, simply letting your money sit in a regular savings account might mean you’re losing out. Most public and private sector banks in India still offer just 2.5% to 3.5% interest on savings accounts. Meanwhile, newer fintech and digital-first platforms now offer 6.75% to 8.25%—sometimes more—on savings accounts and digital fixed deposits (FDs). This guide will show you how to take advantage of these smarter options, especially if you’re: What Are High-Interest Savings & Digital FDs? High-Interest Savings Accounts These are savings accounts (often offered by neo-banks or fintech firms) that provide much higher interest rates than traditional…
I wasn’t an alcoholic. At least, that’s what I told myself for years. I was just a social drinker. A few beers with friends, a whiskey or two after a long day, the occasional party or celebration. Nothing out of the ordinary. But somewhere between the casual Friday evenings and the “I deserve this” nights, I was spending more on alcohol than I ever did on my own future. I never tracked it. I never questioned it. But the money was leaking — slowly, steadily — like a faucet left half open in an empty house. The Unseen Cost It…
Trying to take control of your money? Budgeting is the foundation of smart financial planning. Thankfully, there are powerful Indian apps that make tracking your income and expenses super simple—even for beginners. Here’s a list of the top expense tracking and budgeting apps that are trending in India in 2025, with direct links so you can explore them yourself. 1. Axio (formerly Walnut) Download for AndroidDownload for iOS 2. Moneyview Download for AndroidDownload for iOS 3. ET Money Download for AndroidDownload for iOS 4. Wallet by BudgetBakers Download for AndroidDownload for iOS 5. Monefy Download for AndroidDownload for iOS 6.…
If you’re just beginning your investment journey and wondering how to buy mutual funds, stocks, or even ETFs — you’re probably considering popular platforms like Zerodha, Groww, or Kuvera. These apps are beginner-friendly and have made investing more accessible than ever in India. In this guide, we’ll walk you through each platform and help you understand how to get started, what each one is best for, and how to make your first investment confidently — whether it’s mutual funds, stocks, or SIPs. Why Use a Platform at All? Before apps like Zerodha, Groww, or Kuvera, investing in mutual funds or…
Digital payments have made spending faster and easier — maybe a little too easy. Whether it’s UPI, credit cards, or wallet apps, here’s how they impact your budgeting and how to use them wisely. 1. UPI (Unified Payments Interface) UPI is instant and cashless — great for daily expenses, splitting bills, and small purchases. Budget Tip:Treat your UPI spend like cash. Set a weekly or monthly limit and stick to it. Use apps that track UPI outflows automatically. 2. Wallets & Payment Apps Apps like PhonePe, Paytm, and GPay offer cashback and rewards, but they also encourage small, frequent spending.…