Reached 1M USD networth in India 🇮🇳

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.

How did you meet your wife?

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.

To each his own.

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.

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.

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.

I think this would be coz RBI insures max amount till 5L for FDs per bank

@tenet is right. It allows us to enjoy marginally better rate of returns.

Biggest scam is lending people money, so always keep it on a tight leash.

Quite happy. Apart from the obvious stress of running a business, quite content with my family. I have a loving wife who is ambitious and successful, a kid who adores me. What else could a man ask for?

Matters a lot.

More than worth $M

I came here to ask the same question, my guess most part of their generational wealth would be from Real Estate and hence no significant investment from OP maybe

We are firm believers in not owning a home until we are set on a location for the next 10-15 years. We have lived and worked from 5 major cities in India over the last 20 or so years.

Don't own one. We are firm believers in not owning a home until we are set on a location for the next 10-15 years. We have lived and worked from 5 major cities in India over the last 20 or so years.

And how about your stake in your startup? You said you are a founder?

It would be hard to estimate N/W at specific ages but when me and my wife got married, we started tracking combined net worth.

SDE all my life and then founded a company: background

Nice. You did not count the company value in your networth? Did the company contribute a lot towards the growth of your wealth? Most of us struggle with accumulating money by salaries.

will try to. MG Hector Plus is a nice option, we also are considering MG Gloster.

Oh yes, you might be having a solid budget, have you thought about the Jeep Grand Cherokee or BMW X1 ??
Also please post some advices with the same 🤲