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“Saving ₹5,000 a month will not change your life”: Why Ranveer Allahbadia’s money advice for people earning under ₹50,000 hits different for women

If you earn less than ₹50,000 a month, should your biggest financial goal be finding the perfect mutual fund? Or should you focus on increasing your income first? That question has sparked a lively conversation online after YouTuber and podcaster Ranveer Allahbadia shared his thoughts on money, savings and wealth building.In a post on X, Allahbadia argued that people earning under ₹50,000 a month should stop spending so much time worrying about where to invest their money. Instead, he believes their energy is better spent figuring out how to earn more."If you're earning under 50,000 a month, stop obsessing over where to invest. Start obsessing over how to earn more. Saving 5,000 rupees a month will not change your life. Doubling your income will. And never increase your lifestyle as fast as you increase your income. Fix the input before optimising the output. Something I had to figure out while building BeerBiceps from scratch," he wrote in the post.His post quickly caught people's attention. But amid all this, Ranveer’s advice is resonating with many women across the country. Why this advice may especially resonate with many womenFor many women, money decisions often come with an extra layer of responsibility. There are many financial priorities that compete for attention, be it contributing to household expenses, supporting parents, repaying education loans, raising children or restarting a career after a break.That's why Allahbadia's advice has struck a chord with many working women who sometimes feel guilty about not being able to invest "enough."Financial experts have long pointed out that while investing is important, your income is one of the biggest factors that determines how quickly you can build wealth. Simply put, there's only so much you can save from a limited salary. For someone earning ₹35,000 a month, increasing their income to ₹60,000 or ₹70,000 through a promotion, a job switch, freelance work or learning a new skill could have a much bigger impact than trying to squeeze an extra ₹1,000 into investments every month.The "Save first, ask for more later" trapAsk any woman who's ever negotiated a salary hike, or tried to, and she'll tell you it comes with a particular kind of guilt that her male colleagues rarely seem to carry. Multiple studies on India's workplace behaviour have found that women are statistically less likely to ask for raises, less likely to negotiate starting salaries, and far more likely to accept the number they're first offered. The instinct isn't laziness or lack of ambition, it's conditioning. Allahbadia's advice essentially says: the ₹500 you're saving by skipping lunch out isn't going to be your ticket to financial freedom. Learning a new skill, switching jobs, negotiating harder, or starting that side business might be. The message isn't 'don't save'Allahabadia isn't telling people to stop saving altogether. His larger message is about priorities. If most of your salary is already going towards rent, groceries, transport and bills, spending hours comparing investment products may not create the biggest difference in your financial future. Instead, that time could be used to upgrade your skills, negotiate a higher salary, build a side income or prepare for a higher paid role. For women this might mean taking an online certification, learning digital skills, improving communication, starting a freelance service or turning an existing hobby into an additional source of income.The lifestyle trap he warns againstAnother part of Allahbadia's advice that resonated with many people was his warning against lifestyle inflation. It's a pattern many young professionals fall into. A salary hike often leads to a bigger house, more shopping, expensive gadgets, frequent food deliveries or luxury holidays. Before long, the higher salary disappears into higher spending. His advice is simple: don't let your expenses grow as quickly as your income does. For women working towards financial independence, this can be particularly valuable. Allowing salary hikes to increase savings and investments instead of only upgrading lifestyle can help build emergency funds, retirement savings and long-term security much faster.Whether or not you agree with Allahbadia's exact words, his post highlights an important financial question: Are you spending more time trying to maximize a small income, or finding ways to increase it?For women, financial independence isn't built only by cutting expenses or choosing the perfect investment plan. It also comes from asking for the raise you deserve, switching to better opportunities, learning high-value skills and creating multiple income streams.Saving wisely will always matter. But in many cases, your biggest financial asset isn't the ₹5,000 you invest every month: it's your ability to increase what you earn over the years.
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The Times of IndiaLife & Style

Quote of the day by Harrison Ford: "Romantic love is one of the most exciting and fulfilling kinds of love," when the 'Shrinking' star's words about love at any age feel more relevant than ever at 83

At 83, Harrison Ford is experiencing a career resurgence, earning accolades like the SAG-AFTRA Life Achievement Award and an honorary doctorate. His acclaimed performance in 'Shrinking' showcases his enduring talent. Ford's enduring partnership with Calista Flockhart, which began when he was 60, exemplifies his belief that romantic love can flourish at any age, a sentiment he openly shared over two decades ago and continues to embody.
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The Times of IndiaMost Read

The United States in 1906 planted Australian melaleuca trees to drain Florida's wetlands, but scientists now say they spread across nearly 500,000 acres, replacing native sawgrass marshes with dense invasive forests that alter fire and water cycles

Florida's wetlands are battling an ecological crisis, with Australian melaleuca trees, introduced over a century ago to drain swamps, now dominating 400,000 acres. These invasive forests disrupt vital water systems and alter fire patterns, transforming native marshes. Experts highlight the immense challenge of managing this widespread infestation, emphasizing the need for coordinated efforts to reclaim the land and restore the delicate balance of the Everglades.
Captured at: 2026-07-06 20:00:11

The Times of IndiaMost Read

Amitabh Bachchan called at 3 am to buy Ayodhya land and transferred Rs 15 crore the next day, recalls Abhinandan Lodha

Amitabh Bachchan personally called The House of Abhinandan Lodha founder and chairman Abhinandan Lodha at around 3 am to enquire about buying land in Ayodhya and transferred Rs 15 crore the very next day after learning the price, the real estate entrepreneur has revealed. Bachchan has steadily expanded his real estate portfolio in Ayodhya over the past few years.
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The Times of IndiaMost Read

Stock market today: Will Nifty50, Sensex continue to rally for the fifth session?

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The Times of IndiaBusiness

Oil price today: Crude benchmarks inch higher as focus shifts to supply, demand and Hormuz shipments

Oil prices saw a slight increase Tuesday after a tanker was struck near the Strait of Hormuz. This incident raised security concerns on a vital global oil shipping route. However, market gains were limited as traders focused on rising crude supplies. The United Arab Emirates and OPEC+ have agreed to increase their oil production levels. Saudi Arabia also lowered its August crude selling price for Asian markets.
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The Times of IndiaBusiness

Tears and applause: Ronaldo bows out of his final World Cup with a heartbreak

Cristiano Ronaldo's illustrious World Cup journey came to an emotional end as Portugal faced defeat against Spain. While sadness enveloped him, he remained proud of his legacy, being the sole player to score in six different World Cups. Having secured three titles with Portugal, including the 2016 Euros, he announced this bittersweet event as his last World Cup appearance, marking the conclusion of an era.
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The Times of IndiaSports

'Despicable woman': Mbappé explodes at Paraguay senator over racist attack

French captain Kylian Mbappé condemned racist social media posts by a Paraguayan senator. The senator's remarks targeted Mbappé's background and appearance after a World Cup match. Paraguay's government and the French Football Federation also denounced the senator's unacceptable comments. French officials, including President Macron, voiced strong support for Mbappé and condemned racism. This controversy follows similar remarks made by a former Paraguayan goalkeeper before the game.
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The Times of IndiaSports

'Euro is just as significant as World Cup': Ronaldo sparks debate after Portugal exit

Cristiano Ronaldo stated Portugal's Euro 2016 win holds immense personal value. He expressed disappointment after Portugal's World Cup exit, his final campaign. Ronaldo affirmed he gave his best and has no regrets about his efforts. He won three titles for Portugal, ending their trophy drought. The Euro 2016 victory remains a defining achievement in his career.
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The Times of IndiaSports

Wife, lover held for killing Gulf returnee, death staged as accidental fall

Police uncovered an alleged murder plot by a wife and her associates. The victim was initially reported to have fallen from a cot. Sedatives and cleaning liquid were allegedly administered through a cannula. The accused attempted to pass the death off as an accident. Three individuals, including the wife, were arrested for the crime.
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The Times of IndiaTop Stories

FIFA World Cup: Belgium march into quarter-finals after ruthless 4-1 demolition of USA

Belgium ended the United States’ World Cup 2026 dream with a ruthless 4-1 victory in Seattle, reaching the quarter-finals after punishing costly defensive errors. Charles De Ketelaere scored twice, while Hans Vanaken and Romelu Lukaku completed the rout. Despite dominating possession, Mauricio Pochettino’s hosts fell short of a first World Cup quarter-final since 2002.
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The Times of IndiaTop Stories

'History points to downside': Michael Burry warns on Micron after Trump-linked donations

Renowned investor Michael Burry has initiated a short position against Micron Technology, citing 'historically extreme' stock valuations driven by AI hype and investor FOMO, not fundamentals. Despite a recent $250 million donation to a children's savings scheme, Burry warns of significant downside due to the memory chipmaker's cyclical nature and poor profitability metrics. This move aligns with his broader bearish outlook on AI semiconductor stocks.
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The Times of IndiaTop Stories

Bomb blast at anti-Sheikh Hasina rally in Bangladesh, three injured

Captured at: 2026-07-06 20:00:09

The Times of IndiaTop Stories

'Despicable woman': Kylian Mbappé explodes at Paraguay senator over racist attack

The Times of IndiaTop Stories

'He will kill me': Delhi newlywed told mother days before fatal fall; husband held

A newlywed woman died after allegedly falling from a building in Delhi. Her family accused her husband and relatives of dowry harassment and abuse. The woman had reportedly told her mother about physical beatings and fears for her life. Police have arrested her husband and registered a dowry death case. Investigations are ongoing into the circumstances surrounding her death.
Captured at: 2026-07-06 20:00:09

The Times of IndiaTop Stories

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