LinuxMint

Reached 1M USD networth in India 🇮🇳

Milestone crossed 1M USD combined networth (~9.15Crore Household Net-Worth) 46 M (Software Engineer/Founder) + 37F Wife (Lawyer) + 1 Kid (3 Year Old) based out of Delhi.

So last week me and my wife finally reached this milestone, >1M USD networth. Here is our portfolio. I hope people here can recommend what I should do next.

This chart was made by our Wealth Manager.

Rough Net Worth Breakdown:

Provident Fund and National Pension Scheme (EPF + NPS): 1.1 Cr

EPF: 75L NPS: 35L

Savings Account and Fixed Deposits: 20 L

Savings Account: 12L Fixed Deposits: 8L

Mutual Funds (MFs): 3.8 Cr (Breakup Below)

Index Funds: 25% Mid Cap: 15% Contra: 10% Small Cap: 20% Flexi Cap: 30%

Fixed Income: 1.3Cr

FDs: 50L (Spread in segments of 5L across 10 banks) NCD/Bonds: 80L

SGB (Gold): 80L
Crypto: 46L

Bitcoin: 35L Solana: 6L XRP: 3L other cryptos: <1L

International Investments: 1.49Cr QQQ: 30L NVDA: 32L AAPL: 28L AMZN: 33L GOOGL: 26L

We may get a good inheritance in the future, ~8Cr from my parents + ~15Cr from my wife's parents, but we are not planning on that.

Our primary goals are education for our kid(+planning another 1), their marriage, 2x vacations a year(1 domestic+1 abroad), a decent lifestyle, and a good car(we have a SKODA Slavia right now, planning an SUV as we are extending our family).

Please share your financial journey and any advice, we look forward to reading your comments.

10mo ago5.7K views

AlphaGrindset

Series A Startup10mo

Wow. Congratulations man. Tell us more about what seniority, what kind of company you're at.

Also, 23 Cr inheritance? You must already have been very well off.

LinuxMint

Stealth10mo

Worked as a Software Engineer all my life. Then got laid off during early 2010s to start my own business. Then there was no looking back. My parents made their wealth quite late in life when the business started to take off. This was excellent as they made several sacrifices when I was a kid and they couldn't afford any toys for me and by sister. My wife's grand parents were industrialists and owned coal factories up north.

MildMusic68

Stealth9mo

How did you meet your wife?

WoodenPub41

Stealth10mo

Dude, i am 33 M - i reached 1mn $ networth 2 years ago without counting my wife or parents wealth.

LinuxMint

Stealth10mo

Congratulations on reaching the club, If you ask me, it is less about getting there sooner when reaching there at all is a big deal. Havent counted my parents wealth in this yet.

Also, me and my wife are a team. We have combined accounts and shared access to investments. That is a call we both took. She has been with me throughout my ups and downs and so have I. To me it will always be our money and we don't have a concept of personal accounts.

We take every month to account for last month expenses and how we budget for next month. This helps us invest a larger quantity for a shared future rather than the solo approach YOU have highlighted for yourself.

WoodenPub41

Stealth10mo

To each his own.

mistral

Stealth10mo

23 cr in inheritance, ypu were fucking reach earlier too . Thankfully you didn't write a sob story on how you are 'self made'

LinuxMint

Stealth10mo

No one cares about that. Money is money and money is green. You wouldn’t care if it was generational or self made.

We made our own money. 23Cr is only what we expect as inheritance and haven’t received it yet.

UrbanIce14

Google6mo

@mistral oh stfu:

He didn't even count inheritence in his NW, how much of the 8 crores was inherited? 0.
Like he said in a previous comment, his parents made it well later in life. So stop being a jealous ass fucking loser and stop coping. At the end of the day we know who's rich and who's not, keep crying harder.

salt

Gojek10mo

This is really insane. Tells you a lot about getting rich is a slow game and it takes time to get there.

You are 42 and your wife is 37, do you find it difficult to plan another kid at this age?

LinuxMint

Stealth10mo

It was made very slowly by a ton of financial discipline. Yes we do plan on having another kid. We had opted for cryogenic preservation in our early 30s, so it shouldn't be impossible but yes it is difficult.

LinuxMint

Stealth10mo

Our first kid was due to assisted fertility and we did face some minor issues. We did end up opting for our cryo preserved samples.

FunnyBones

Plivo10mo

Wow I can only dream of this without making any financial mistake. Did u ever do any mistake or got scammed? What’s the rationale behind spreading FDs in segments of 5L?