What's your net worth?
Okay, this post is not for any comparison but genuinely want to get insight on where do i stand in terms of saving among the corporate employees. I will go first. Age :28 NW : 65L
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5.75 crore including flat . Not including car or jewellery. No loans or emis or debt of any kind . Age 41
That's great. Did you do any side geeks to achieve this? What financial suggestions do you have for someone who is below the age of 30 ?
No side hustle . Just regular employment and investing in equities consistently . My advice would be to earn as much as you can , save aggressively, invest in equity index funds consistently and ignore everything else . Do it for 10 years straight and you are set for life . Have term and own health insurance. Keep an emergency fund . Concentrate on work . Most most most important than any of the above , spend time with family and friends , enjoy your life and never worry
Where did I spend my salary on š¤
Name checks outš
3.4 CR, no real estate, mostly equities except 50 lakh in psychological safety fund
Iām 32.
When you make surveys/posts like this, you wouldnāt get an accurate idea actually. It would mostly be ppl with high net worth posting here to flaunt it resulting in survivorship bias
Absolutely Correct
This is exactly what is happening with a lot of comparison posts
Age 25 NW 10lkh, no home, only stocks, cash, some crypto. (started from 4lpa job hence not a large amount)
Many people have liked this post. Thought to add something more,
I would have 50+ lkh NW at this time if I didn't wasted money in margin trading (read gambling) btc in search for quick money had to just wait and hold (bought in early 2017)
Learnings form past - Trading is best left to full-time professionals
About 8 Cr, including real estate. Age 41. No debt
Age 28 NW ~ 8 CR How: Early employee in a US based startup that went public- liquidated stocks for 5CR Rest all from salary/equity investments growth Low living expenses since covid
NW- 1.65cr. No loans, no real estate
Age - almost 35.
Similar trajectory here:
NW - 2.1 cr. No debt, no real estate.
Age - 39
I have worked in a service based IT firm for most of my career.
We make more money in equities with far less headache to what real estate can offer.