How can you make your 1st 1Cr?

Hi everyone, The year end is here. It was a great year for my FIRE journey and I thought I'll share an update with you all. With few days left in 2023, I've crossed 2.65 CR in net worth after touching 2 CR in May this year. Here's the breakup: Direct shares: 1.7 CR (this was the major driver of growth), ELSS: 0.06 CR, Company shares: 0.06 CR, Real Estate: 0.4 CR (while it is between 42-45 now, keeping this unchanged from May), EPF: 0.34 CR (interest for last year kicked in), NPS: 0.06 CR (investing because I'm in 30% bracket, getting 14.8% xirr here), SGB: 0.03 CR The driver for growth has been a high saving rate. In 2023, i've added 29.5 lakhs in equity, about 2.5 lakhs every month. 6 lakhs in company shares (US listed). The EPF and NPS savings are on top of this. My target was to save 36 lakhs in equity overall, and it's done! Targeting the same for next year. I'm aiming to cross 2 CR in equity before July 24. Another change I did this year is that I've moved away from active advisory. I get the stock ideas from Twitter discussions, analyse them fundamentally and take bets based on the charts. I'm quite confident of my charting skills with max drawdown of 25-30% but upside of multiple x. I could capture 2-3 2x this year with sizable investment in them. I got this confidence after i could take my wife's account from 11 lakhs to 20 lakhs in about 2 years. While the next year can be a huge bull run if BJP wins, I'm still trying to diversify. I'm planning to add a real estate of about 75 lakhs by paying 10%. This will help me leverage as well. The rental yield is the property is approx 5% and calculations show that I'll have to only pay 40-45% of the EMI and rest will be covered through rent. This should bring my equity exposure down from the current 65% to less than 50%. In this I'm trying to diversify and leverage while not denting my current equity corpus. Suggestions welcome to make this FIRE journey better! Thanks!

Started working in 2017 (Graduation: Tier 2 College) in hand salary: 28K per Month. Worked for 2.5yrs, had big dreams, didn’t knew what to do, how do I 10x my salary, saw my manager 40yrs old earning 25LPA in the same company. Realised I don’t want to do this for the next 20yrs and the reach at 25LPA. Started preparing for UPSC (wanted to make it big) realised within 6 months, this is not my cup of tea, appeared for MBA entrance, cleared the exam joined Tier 1 MBA, post MBA: 25LPA + XX Esops in next two years at 1.2Cr CTC inc ESOPs. Before 2030 plan to achieve FIRE with 8Cr networth. By 2040 make it 100Cr and retire. Chill at beach with beer in hand and two other friends. What’s your story, do share those goldmine inspirational stories!!

For those who are planning for FIRE. Share your- 1) FIRE net worth 2) Target age to achieve FIRE 3) Current age and YOE 4) Current network

By what age did you achieve this? And how did you manage to do it? Did life change for you post that?

By plan, I mean - After what networth you want to FIRE? - By what age you think you’ll achieve that Networth? - How are you going to build that networth? - What are you going to do after you FIRE?

The FAANG and unicorn employee salaries for even 2-7 YOE engineers is quite insane compared to the average Indian employee pay in other sectors of the economy. The average SDE2 at these companies makes 50+ lakhs per year in compensation (not “CTC” but real money) The average SDE3 makes 80+ lakhs which is frankly insane. What are you guys doing with all that money?

How long and at what age your net worth reached INR 1 Cr? And if you are on the way then what’s your projections?

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