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Reached 10L networth

I know it's not a big amount, but felt like announcing this. Here's my nw breakdown- FD/Emergency fund: 5L MF/stocks: 1L Sitting around: 4L (can't get myself to invest it, the market seems very overvalued. Will try to invest this in small chunks over a duration) Next target is 50L, it'll take much longer than this 😭

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NightCoder

Stealth

9 months ago

yoe and ctc?
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HereWeGoAgain

Slice

9 months ago

23 grad, 30lpa
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Smurfminion

Stealth

9 months ago

Cash comp?
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BravePier92

IT World

9 months ago

Congratulations. 50 L is plenty for many. Have trust on yourself
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HereWeGoAgain

Slice

9 months ago

Yep depends on one's lifestyle but considering inflation, retirement amount should be upwards of 5 crore to afford a decent lifestyle
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DiwaliBonus

Zomato

9 months ago

'23 grad and thinking about retirement? Bro enjoy your life first. 20s end just like a fleeting moment, better to have good memories along with the inevitable back pain.
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Sherlock007

TCS

9 months ago

Congratulations 🎉 1st. You can live without job for 1-2y! Increase your skills and do think from a different perspective... Get a good health insurance for family though. 50L is just a no. Invest in quality blue chips after a bear 🐻 attacks.
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HereWeGoAgain

Slice

9 months ago

Thanks, I am planning to invest mostly in index fund. Health insurance is pending, will get a family floater plan
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data_nerd

Private company

9 months ago

10L is plenty. 50L will take less than you think. Have trust in compounding.
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HereWeGoAgain

Slice

9 months ago

Still it'll take atleast 2 more years
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splender

Startup

9 months ago

Just be consistent with sip and trust the market. Don't sell panicly
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D0nkey05

Stealth

9 months ago

Congratulations! Go treat yourself :) you've rightfully earned it (⁠ ⁠◜⁠‿⁠◝⁠ ⁠)
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HereWeGoAgain

Slice

9 months ago

I treat myself way too often 😭 thinking of following a good diet now. What's the point of saving all this if I die in my 30s due to heart disease lol
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D0nkey05

Stealth

9 months ago

Username checks out 😳 😂.
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noncorporate

Stealth

9 months ago

Very good bhai. 5 lakh cash and 5 lakh FD very good. You have unlocked good backup. Get 5 credit cards atleast. Get cc against the fds as well. CC is 48 day free cash. Dont be fooled by other about cc being riskt. It covers risk.u are smart enough to figure about that you need 10 lakh cash first then walk around market for stocks and gold and other risky and rewarding stuff. There is nothing more rewarding than having cash in pocket when u need it. You are smart you will not misuse cc i am sure. You have unlocked your position to now go in market for a fair risk return investment. Goood luck.
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HereWeGoAgain

Slice

9 months ago

Thanks a lot, already got 3-4 cc. I use cc for most of my payments, although my credit history is not old since I recently started using cc my score is near 800
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FineMonkey51

Samsung

9 months ago

Can you pls explain why cc is "48 days free cash " what are the perks of having 5 cc
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one_for_all

Stealth

9 months ago

There is no best time to invest. Better start from now and slowly keep investing and try to upskill a little bit on macroeconomics. Apart from this I would highly recommend taking term insurance and health insurance.
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HereWeGoAgain

Slice

9 months ago

Yep that's what I am doing rn investing in small chunks. Health and term insurance are pending will get these soon
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WholeLeave

Oracle

9 months ago

Kudos 👏 The first 10L is hard. You'll reach 50L in lesser time from here. G
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HereWeGoAgain

Slice

9 months ago

Actually I saved 10L seamlessly almost in half a year. 50L will take longer.
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Chirpy

Freelancer

9 months ago

Networth includs assets and liabilities also bro I hope you have considered them tooo
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HereWeGoAgain

Slice

9 months ago

Will inherit significant ancestral wealth with no liabilities, but I didn't earn it so...
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Eren

Student

9 months ago

Congratulations
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HereWeGoAgain

Slice

9 months ago

Thanks
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Chicken_shawarma

Student

9 months ago

Congratulations 🎯🎉
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HereWeGoAgain

Slice

9 months ago

Thanks
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igotyou

Student

9 months ago

To reach goals like 1cr networth, you have to start from somewhere, happy to hear people sharing their progress.
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UpsetLadle89

Stealth

9 months ago

Keep going. First 10 L / 1cr is the hardest All the best
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xcalabarat

Stealth

9 months ago

The first ones are the hardest. Don't look at the money , celebrate the habit that you have built so painfully. One suggestion move this sitting around fund to a liquid etf in your demat , you will get fd comparable rates and will be able to instantly redeem them during market hours (80 pct cash available instantly) to buy equities you believe are rightly priced at some point in the future.
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HereWeGoAgain

Slice

9 months ago

Hmm, but what's the benefit? my FDs are liquid too I can break them anytime and invest
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xcalabarat

Stealth

9 months ago

Dividends from liquid bees are units of the etf itself which although will be taxed similar to interest payout from FD but will accumulate over time and have a compunding effect. The difference between FDs and Liquid Debt is similar to the difference between payout MFs and growth MFs.
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givemehike

Stealth

9 months ago

How is WLB and PIP/layoff scene in your startup
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WideMail1

Google

9 months ago

Great! 50 will take you less than you think! I did the journey 4 years back :)
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NotAshutosh

teamcognito

9 months ago

Reached the same milestone after 1 year. I was jobless 1.5 years
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Investigator

Stealth

9 months ago

FD / liquid funds too high look at debt fund and invest Liquid funds are bad. What 5 l emergency you can have, they will give you loan on debt funds and or market
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Brutallyhonest

Stealth

9 months ago

Congratulations brother from Jammer Ahmed, ababababa lottery! https://youtu.be/V-gpmYkNT5g?si=1IwmHXclZo6VPTgC
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HereWeGoAgain

Slice

9 months ago

Tf is this 😂
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MuddyWave

Student

9 months ago

Congratulations brother
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HereWeGoAgain

Slice

9 months ago

Thanks
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Brutallyhonest

Stealth

9 months ago

https://youtu.be/V-gpmYkNT5g?si=1IwmHXclZo6VPTgC
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Curated from across

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Personal Finance on

by ExpertTech

Stealth

Reached 5L networth

I know it's not a big amount, but felt proud of myself because I was a big spender, but since last 6 months I have been saving aggressively. Breakdown!: Stocks: 2L MF: 1L EPF; 50k PPF: 50k FD/Emergency Fund: 1L Next target is 15L by the end of 2024. Let’s see if it’s achievable 🙏.

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by 1899

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How much wealth have you created yourself?

1. Real estate (invested value) 2. Liquid cash 3. Other Investments (invested value) The wealth should not be inherited. I'm 30. No house, 10L in cash and 5L in mutual funds. No inherited weath.

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by ShinyDoc11

Morgan Stanley

What is your net worth (Mega 🧵)

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Personal Finance on

by corporateCheesecake

Stealth

Reached 7L networth (all cash, need suggestions)

I am a 23 grad who has managed to save close to 7 L all cash till now. Plan was to enjoy the first 6 months of job and then start with the financial hustle. Seems, I am ready. Need suggestions to allocate ~5L across equity, gold, FDs and other investment instruments. I have an education loan, so tips on that will also be highly appreciated. Targeting 25 L net-worth (excluding the loan) by the end of ‘24 Thanks!

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Personal Finance on

by Calculator

Microsoft

What's your net worth?

Okay, this post is not for any comparison but genuinely want to get insight on where do i stand in terms of saving among the corporate employees. I will go first. Age :28 NW : 65L

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FAANG on

by DualWannabe

Zepto

Net worths target and goals by age...

What are your net worth targets and goals by age? Here's mine: 25: 10L ✅ 30: 50L ✅ 35: 1.5 Cr 🟡 40: 3 Cr 🟡

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Personal Finance on

by GooglingInJob

B2B SaaS

Reached 1.5L Networth

I know it sounds very funny as it's almost nothing, but considering my background, this is huge for me after just turning 23 and started working 4 months ago at 7k pm. I got 92k just in last 7days. I was in heavy depression for few years, had no plans for future even few months ago. My target was 1L at the end of 2023, got it after 3 days. Mostly I am putting all in MF now. I don't need emergency funds as of now, my parents have planned for those. Any suggestions would be appreciated. I need to upgrade to a mid level laptop asap. So it'll be big investment. An investment that I hope will give me massive return. Next realistic target 7-8L at end of 2024. Let's see if I can get there or not.