Buildr

How can you make your 1st 1Cr?

I’m looking to achieve FIRE, my figure is 8CR. Planning to accomplish it by 2030, I’m 27Yrs old today.

5mo ago

potatomato

Don't eat out, wake up at a 5am everyday, listen to finance bros 3h/day, take a small loan of 2cr from your rich parents, yolo in market/crypto, congratulations, you've "made" your first cr.

Source — generic financial publications' "success" story

potatomato

Fintech Startup5mo

In seriousness, you cannot achieve this from "investments" alone. The best thing you can do at 27 is skilling up focusing on increasing your take home pay.

Buildr

Razorpay5mo

Take home pay right now is 46Base 72ESOPs ~1.18Cr

SoulfulLunch

Student5mo

How much is your networth currently, just asking for fun? Don't count your parental home btw.

Buildr

Razorpay5mo

Currently have ~56L in Zerodha Equity Portfolio

ElonMast

Amazon5mo

Though many details are missing here, but if you’re looking to make 8 cr from 56L in 6 years. You need to grow money by 56% CAGR, some big multi-baggers are needed.

Buildr

Razorpay5mo

Also earning around 46L Base with 72L Esops across 4 yrs. Which might also grow in 6yrs.

LookingForGoodHike

Razorpay5mo

I have 62L in ESOPs. Do not count ESOPs in your net worth and feel happy. Such expectations will bring sadness when the real valuation kicks in. PS- if you think of taking a bank loan against even vested ESOPs as collateral, they are valued at 50% of their worth by them.

Zebrafish

PhonePe5mo

Imagine you're playing SimCity or Business Tycoon. Do you keep looking at the amount always and would you stop playing if you reach a certain target amount? If so, it's not a fun way to play the game, right? It's all fun till you make the first 1cr, then money doesn't make a big difference. Super rich Ambani also has to watch the same IPL final, same Netflix shows, almost the same iPhone. Not much difference. Don't waste time setting a monetary target. Instead imagine you have already attained FIRE and try to do stuff you would do then. Take sabbaticals, long vacations, start that business, etc.

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Curated from across

MichealScottAccenture10mo

Crossed 2 CR and 2.5 CR in the same year

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...

BuildrRazorpay5mo

Story of Middle Class guy from 3.5LPA CTC to 1.2Cr CTC (46Base + 72Esops) in 4 yrs

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 ...