Mumbai man asks Reddit if he should quit Rs 40,000 job to support wife's business
He went on to share that six months ago, he helped his wife launch a digital marketing agency: "She's incredibly talented and driven, and today she's earning nearly 1 Lakh per month from the business. But the workload is now overwhelming for her; she's handling everything alone."However, the pressure had affected the quality of their work, leading to a loss of clients. The user said that he had skills in cinematography, editing, and creative direction, which could help improve the agency's offerings if he were to join full-time."If I join her full-time, I know I can help scale the agency to 2 Lakh per month or more. We already have client interests, we just can't keep up with quality and delivery. But here's the thing: I'm scared," he wrote.He expressed concerns about losing financial stability, especially since he had already experienced financial hardship in the past, and the couple was now planning to expand their family."So I'm torn between choosing stability and betting on our own brand. Would really appreciate thoughts from anyone who's faced similar choices, or even just an outside perspective," he concluded.Take a look at the post here:The post quickly drew responses from Reddit users offering encouragement and advice. "Take the dive, bro. You have two income sources to fall back on if you quit your job. You all have a house and a car, so I don't think you all will need a loan anytime soon. What if it works out?" said a user.Another user added, "You're lucky to have your digital agency running. Join your wife and scale it. You won't regret it. Rs 40,000 isn't much anyway. Also, let me know if you need help with any marketing verticals — I tried to start an agency with my friend, but he backed out."advertisementHowever, not everyone agreed. One of the users, "Seems like too big a risk, considering the upside is only Rs 60,000 more per month. Plus, the digital marketing industry is so saturated that clients will leave you over the smallest discount. I'm sorry you lost your father. I know what that feels like. You already have a lot on your plate. And what good is money if we end up going insane to earn it?"The post left users divided, with many offering support, advice, and personal perspectives, while others urged him not to take such a big risk.- EndsMust Watch
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
4 minutes ago
- Time of India
PM Modi to visit Bengaluru on Sunday to launch yellow line metro, Vande Bharat Express
Prime Minister Narendra Modi will visit Bengaluru on Sunday to inaugurate the Yellow Line of the Bangalore Metro and flag off the Vande Bharat Express between Bengaluru and Belagavi. During his four-hour trip, Modi will also virtually launch two other Vande Bharat trains, ride the metro from RV Road to Electronic City, and lay the foundation stone for Metro Phase-3. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Prime Minister Narendra Modi will be visiting Bengaluru on Sunday to inaugurate the much-awaited Yellow Line of Bangalore Metro, and the Vande Bharat Express train between Bengaluru and per the itinerary shared by the Chief Minister's Office, Modi will participate in three events during his nearly four-hour visit to the landing at the HAL Airport here at 10.30 am, the Prime Minister will travel by helicopter and road to the KSR Bengaluru (city) railway station, where he will flag off Vande Bharat Express trains between KSR will also virtually flag off two more Vande Bharat Express trains between Amritsar-Sri Mata Vaishno Devi Katri, and Ajni (Nagpur)- will then travel by road to the RV Road (Ragigudda) metro station on the Yellow 11:45 to 12:50 he will be flagging off Yellow Line (reach 5) and take a metro ride to the Electronic City there Modi will travel to the International Institute of Information Technology (IIIT) Bengaluru, where at the institute's auditorium, he will be laying the foundation stone for Bangalore metro phase-3 and officially inaugurating the yellow line from RV Road (Ragigudda) to Bommasandra will then travel by helicopter to the HAL Airport and fly back to Delhi at 2.45 19.15 km yellow line from RV Road to Bommasandra of Bangalore metro with 16 stations has been built at the cost of Rs 5,056.99 to officials, the line is expected to ease traffic congestion in several heavily congested corridors like Hosur Road, Silk Board Junction, and Electronics City Metro Phase 3, also known as the Orange Line for which the PM will be laying the foundation, will be 44.65 km and it will be built at an estimated cost of Rs 15,611 crore.
Time of India
7 minutes ago
- Time of India
States' fiscal deficit at 1.8% of GSDP in Q1FY26, capex momentum strong: Report
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The combined fiscal deficit of 24 Indian states, representing nearly 92 per cent of the country's GDP, reached Rs 1.5 trillion or 1.8 per cent of GSDP in the first quarter of 2025-26 - April-June, according to a report by ICICI Bank Global Markets The ICICI Bank Global Markets analysis revealed that revenue receipts of these states grew 6.5 per cent year-on-year during the report, rebounding sharply from a 0.3 per cent decline in the same period last improvement was driven largely by stronger Own Tax Revenue (OTR), with all major components, except excise duty, registering higher State GST (SGST) collections rose 11.4 per cent year-on-year, while stamp duty, land revenue, and sales tax all posted healthy gains, benefiting from a low base the expenditure side, revenue expenditure remained broadly flat, but capital expenditure (capex) maintained its strong momentum, surging 28 per cent in the first quarter of 2025-26, after a steep 22 per cent contraction in the same quarter last fiscal, the ICICI Bank Global Markets report uptick in capex pushed overall expenditure growth to nearly double the pace seen in the same period last 2025 data underscored the base effect, with total receipts rising 16.8 per cent year-on-year and revenue receipts increasing 15.6 per cent revenue climbed 14.3 per cent, led by a 28 per cent jump in State OTR. SGST collections spiked 37.5 per cent year-on-year, aided by post-IGST and input tax credit settlements in earlier stamp duty growth moderated to 6.2 per cent year-on-year, sales tax and other taxes recorded strong gains of 36 per cent and 37 per cent, respectively. State excise duty and land revenue posted more modest increases of 8 per cent and 1 per cent from the Centre rose sharply by 42 per cent year-on-year in June, with grants-in-aid expanding nearly 50 per cent to Rs 332 billion. Capital receipts increased to Rs 31 billion, even as non-tax revenue saw a 3 per cent year-on-year contraction.
News18
14 minutes ago
- News18
Earning Rs 1 Lakh But Still Broke? How ‘Lifestyle Inflation' Eats Up Your Salary
Last Updated: Ten years ago, Rs 1 lakh had the value of about Rs 2 lakh today. Rising costs and inflation, often outpacing 6–8% annual salary hikes, have sharply reduced purchasing power Earning Rs 1 lakh a month once symbolised financial success, easily covering expenses, savings, and leisure. But in today's big cities, rising costs mean the amount disappears fast after rent, groceries, and a few outings. Many high earners still feel financially strained, with lifestyle changes, rising inflation, and social pressures leaving even those earning lakhs through hard work struggling to save. Strain On The Wallet The main factor is lifestyle inflation. As salaries rise, so do expenses. What was once a modest 1 BHK and home-cooked meals now gives way to better-located flats, Netflix subscriptions, frequent dining out, and weekend getaways. Many feel they have earned these comforts, but spending often grows faster than income, with social media comparisons further driving the urge to splurge. Rising Cost Of Living In Big Cities Another significant factor is the cost of living in big cities. In places like Mumbai or Bengaluru, rent can consume 30 to 50 percent of one's salary. For instance, if one earns Rs 1 lakh in Mumbai, a normal 1 BHK flat might cost Rs 35,000, with additional expenses like electricity and internet (Rs 3,500), groceries and dining out (Rs 10,000), daily travel (Rs 4,000), subscriptions and entertainment (Rs 2,000), clothing and personal care (Rs 3,000), and other expenses (Rs 5,000). Any EMI or credit card bills would add another Rs 10,000. At the end of the month, just Rs 27,500 remains, making saving or investing difficult. In contrast, in smaller cities like Bhopal, lower rent and lifestyle costs allow more savings even with a Rs 50,000 salary. Impact Of Inflation A decade ago, a Rs 1 lakh salary had the same value as about Rs 2 lakh today. Rising costs of food, fuel, healthcare, and education have eroded purchasing power, with inflation often outpacing the 6–8% yearly salary hikes. Spending Fueled By Comparisons Social media plays a significant role in spending. Platforms like Instagram showcase luxurious lifestyles, including brunches, holidays, and new cars, making individuals feel their lives are inferior. This leads to 'comparison-driven spending," where people increase their expenses to match perceived standards. Mental Pressure Mental pressure is another factor. Earning Rs 1 lakh a month disqualifies individuals from government schemes, yet it isn't enough to build wealth without financial discipline. Fear of job loss or medical emergencies looms large, especially without an emergency fund or health insurance. Smart Ways To Save Money Saving money starts with setting aside 20–30% of the monthly salary for investments in SIPs or mutual funds. Unnecessary expenses like frequent dining out or multiple subscriptions should be reduced. An emergency fund covering 4–6 months of expenses can provide security, while avoiding debt, especially high-interest loans, helps maintain stability. Financial success depends on consistent savings, wise investments, and effective expense management. First Published: News business Earning Rs 1 Lakh But Still Broke? How 'Lifestyle Inflation' Eats Up Your Salary Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
