From Rs 3.38 LPA to Rs 1.05L/month: Redditor shares regular journey to homeownership, important investments at 29
Not everybody’s monetary journey is a race to ₹1 crore by 30. A Reddit consumer, Sayad-GD, shared his sincere and detailed account of his monetary progress at 29 on r/personalfinanceindia. Sayad-GD’s story is a refreshing reminder that everybody’s timeline is totally different. His journey highlights the ups and downs of constructing wealth steadily, providing a candid perspective that struck a chord with many.
“I not too long ago calculated my web value, and right here’s the place I stand,” Sayad-GD writes earlier than breaking down his numbers:
- Fastened Deposits (FDs): ≈ ₹6L
- Financial savings Accounts: ≈ ₹4L
- Mutual Funds: ≈ ₹10.22L (Invested ≈ ₹8L)
- Shares: ≈ ₹1.2L (Invested ≈ ₹85K)
- EPF: ≈ ₹5.6L
- PPF: ≈ ₹3.5L
Reflecting on his profession, he shares how he began as a more energizing after engineering with a wage of ₹3.38 LPA. “After 6 and a half years, my month-to-month wage is round ₹1.05L. It’s not too excessive, nevertheless it’s wonderful with me,” he says.
One of many greatest milestones in his journey was buying a 3BHK flat in Kolkata in 2023. “It was a giant milestone for me as a result of I spent my whole life in a small, previous rented place,” he writes. The flat’s market worth is roughly ₹45L, although he has no plans to promote it.
To finance the house, he took a 25-year house mortgage. Nonetheless, due to elevated SIPs and half prepayments, he has efficiently decreased the mortgage tenure to 9–10 years. His present excellent mortgage stands at ₹21L, with a month-to-month EMI of ₹29K.
“After 6.5 years of working, this seems like a stable step ahead,” he provides. “I do know it’s not a large web value in comparison with some, however hey, it’s mine, and it offers my mother and father a snug house.” Greater than wealth, his precedence is making certain his household’s well-being. “I simply hope my mother and father keep wholesome and stress-free ceaselessly.”
Reddit customers have been fast to bathe the put up with encouragement.
One commenter wrote, “Heartiest CONGRATULATIONS on this web value. You ought to be pleased with your self for having a home at this age. It takes confidence in oneself to take such an enormous house mortgage. Sustain the great work.”
One other consumer highlighted his wage development: “Most individuals spend 40 years to earn ₹1L per 30 days. You probably did it in underneath seven years. Isn’t that an achievement?”
A fellow Redditor chimed in, “That is superior! Simply preserve the self-discipline, and you can be wonderful. Don’t overlook to take pleasure in life’s little luxuries—it’s value it.”
“Comparability is a thief of pleasure,” one other commenter reminded, praising the put up for its grounded and relatable perspective. “In tier 2 cities, individuals need crores for a 2BHK. Lastly, regular dudes are posting! In any other case, it’s miserable to see posts like ‘I’ve ₹100 crore at 21, am I doing good?’”
