For a person having Rs. 1 crore cash and no other property, is job security a concern?



Even at 8% interest rate on fixed deposit, annual income will be Rs. 8 lakh ( after tax deduction Rs. 7.1 Lakh).
Nearly Rs. 59,000 per month, which can be considered a decent salary(like in a job). Is there any flaw in this concept?
Govt. job provides job security. But involves unpredictable transfers .Net starting salary is around Rs.45,000 with 3% growth per year.
In the above concept , one can stay in a place stably and do a job such as teaching in a college.
Any flaw?

For a person having Rs. 1 crore cash and no other property, is job security a concern?
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One Reply to “For a person having Rs. 1 crore cash and no other property, is job security a concern?”

  1. I would not depend upon it. Money loses value due to inflation. Interest paid is always less than the percentage of inflation. Interest rates can change.
    If I were you, I would invest the money in property and benefit from the rentals etc. that can be earned on it, so that even if the income is less, there is some guarantee that the assets do not lose their value due to inflation.





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