MagicalBoba
MagicalBoba

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.

11mo ago
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SwirlyKoala
SwirlyKoala
EY11mo

best of luck on the journey.

MagicalBoba
MagicalBoba

Ofcourse bro. The journey is what makes life memorable.

GigglyPotato
GigglyPotato
Slice11mo

Have seen a handful of similar posts after mine, did I just started this trend *blushing

MagicalBoba
MagicalBoba

Probably 😃

WigglyBanana
WigglyBanana

@WhatsThePoint I think you did!

GroovyBanana
GroovyBanana

92k in the last 7 days?? Explain?

MagicalBoba
MagicalBoba

Bro that's exaggeration. Actually salary + freelance payment of last month came in last 7days😂.

GroovyBanana
GroovyBanana

Cool, btw which platform you use for freelancing?

CosmicBagel
CosmicBagel

Congrats OP . I also started small

Remember this "Little drops of water make the mighty ocean"

MagicalBoba
MagicalBoba

Yes. Best of luck to you.

SillyJellybean
SillyJellybean

Don't put everything in mutual funds. Diversify your investments and have some emergency funds of your own as well. You never know what might happen in life.

All the best 👍

MagicalBoba
MagicalBoba

Thanks for your feedback. Where would you suggest to put the emergency funds? FD? I don't like to put in savings account.

SillyJellybean
SillyJellybean

Yes, FD works. Try to get a good interest rate.

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