Hi,
Your main problem is expenses are growing faster than salary and it is common problem due to rapidly increasing inflation.
Your immediate solution lies on concentrating how to Reduce Expenses(can achieve faster), not on how to make more money(try later).
Stop worrying too much, bcoz you can see outside there are many peoples live happily with income much lesser than U. Being a s/w developer I know
you are earning decent salary but main problem is expenses are growing faster than salary bcoz of your present life style.
Frankly discuss with your wife about the ways where you can cut present expenses.
Like you can move to a lesser rental apartment which is little smaller or little away from the heart of your city.
Try to cut some unnecessary routine purchases like cold drinks,snacks, fast foods etc, excess bill due to overuse of AC/Heater/Expensive Lighting etc, buying of too much high budget fashion clothes.
Hopefully these ideas will help you get on your way to reducing your monthly expenses.
------------
Then come to next point how can you make more money?
Analise your strong points to making money and giving any additional service to the society. Like teaching. You can teach/guide Computer students (BCA-MCA etc) about S/W development projects in your spare time. You can advertise freely using many online sites like olx etc.
If you are not satisfied with your present salary also keep trying for a better job. But don't rush, take decision slowly. No problem of interviewing for new jobs with better salary.
-------------------
And lastly if you want to make money with trading. It will take time at least 5-7 years (whole process).
You need to learn tech analysis (lots of study mat freely available here and internet). You need to learn about fundamental things about market and economics. Follow CNBC18 to know about economic terms. Then you need to apply your knowledge in the market by doing paper trading. You need to track of every paper trades and build and follow your own systems using some tech indicators. You need to follow live market for paper trading. Buy don't worry. Every markets are same. You can follow Dow Jones at night LIVE for few hours using free charts in Google Finance. Keep track of NSE using your system. You need to know the strength and weakness of your system and indicators you are using. Every indicators are either leading or lagging has some strength or weakness. You can build your system using EMA, MACD, STOCHASTIC, RSI, ADX etc. A trading system is just like a Cricket Bat in Cricket. Every cricketer uses different kind of bat, you need to customize your bat. Then you need to find your strength and weakness just like a cricketer. And finally that bat(trading system) to don't make a cricketer (trader) a Sachin Tendulkar. Finally it all depends on you, your intelligence and psychological strength. To succeed in any profession like doctor/advocate/software developer you need high IQ [Intelligence quotient]. But a successful trader needs both high IQ [Intelligence quotient] and high EQ [Emotional Intelligence]. You can build high EQ [Emotional Intelligence] only by facing adverse condition (trading) again and again.
When you are confident of paper trading after 2-3 years, start trading with small amount. It will take time at least 5-7 years to be a Successful trader. But it can change your life forever.
It's worth to give it a try. :thumb:
Best Wishes.
H.C.
Your main problem is expenses are growing faster than salary and it is common problem due to rapidly increasing inflation.
Your immediate solution lies on concentrating how to Reduce Expenses(can achieve faster), not on how to make more money(try later).
Stop worrying too much, bcoz you can see outside there are many peoples live happily with income much lesser than U. Being a s/w developer I know
you are earning decent salary but main problem is expenses are growing faster than salary bcoz of your present life style.
Frankly discuss with your wife about the ways where you can cut present expenses.
Like you can move to a lesser rental apartment which is little smaller or little away from the heart of your city.
Try to cut some unnecessary routine purchases like cold drinks,snacks, fast foods etc, excess bill due to overuse of AC/Heater/Expensive Lighting etc, buying of too much high budget fashion clothes.
Hopefully these ideas will help you get on your way to reducing your monthly expenses.
------------
Then come to next point how can you make more money?
Analise your strong points to making money and giving any additional service to the society. Like teaching. You can teach/guide Computer students (BCA-MCA etc) about S/W development projects in your spare time. You can advertise freely using many online sites like olx etc.
If you are not satisfied with your present salary also keep trying for a better job. But don't rush, take decision slowly. No problem of interviewing for new jobs with better salary.
-------------------
And lastly if you want to make money with trading. It will take time at least 5-7 years (whole process).
You need to learn tech analysis (lots of study mat freely available here and internet). You need to learn about fundamental things about market and economics. Follow CNBC18 to know about economic terms. Then you need to apply your knowledge in the market by doing paper trading. You need to track of every paper trades and build and follow your own systems using some tech indicators. You need to follow live market for paper trading. Buy don't worry. Every markets are same. You can follow Dow Jones at night LIVE for few hours using free charts in Google Finance. Keep track of NSE using your system. You need to know the strength and weakness of your system and indicators you are using. Every indicators are either leading or lagging has some strength or weakness. You can build your system using EMA, MACD, STOCHASTIC, RSI, ADX etc. A trading system is just like a Cricket Bat in Cricket. Every cricketer uses different kind of bat, you need to customize your bat. Then you need to find your strength and weakness just like a cricketer. And finally that bat(trading system) to don't make a cricketer (trader) a Sachin Tendulkar. Finally it all depends on you, your intelligence and psychological strength. To succeed in any profession like doctor/advocate/software developer you need high IQ [Intelligence quotient]. But a successful trader needs both high IQ [Intelligence quotient] and high EQ [Emotional Intelligence]. You can build high EQ [Emotional Intelligence] only by facing adverse condition (trading) again and again.
When you are confident of paper trading after 2-3 years, start trading with small amount. It will take time at least 5-7 years to be a Successful trader. But it can change your life forever.
It's worth to give it a try. :thumb:
Best Wishes.
H.C.
