With a bit of luck and a lot of perseverance, becoming a millionaire is not insurmountable these days. Taking to the subreddit Personal Finance India a few days ago, a 33-year-old man revealed how he now has a net worth of Rs 1 crore; despite graduating from a tier 3 engineering college and beginning his career with a relatively low salary package, he steadily climbed the financial ladder through consistent effort and wise money choices.
Early Career Struggles and Growth
His professional journey began in 2014, when he joined a WITCH company as a junior developer with an annual income of ₹3 lakh. Although he received an opportunity to pursue a master’s degree abroad, family health concerns prevented him from taking that route. Instead, he focused on progressing in his career within India. By 2018, he transitioned to a senior programming role at a banking product firm with a salary of ₹8 lakh per annum. Over the next six years, through dedication, networking, and relocating across cities, he managed to increase his pay to ₹18 lakh by 2022. Eventually, he secured a position as an architect at a smaller software product company, drawing a package of ₹40 lakh plus an additional ₹10 lakh performance bonus.
Property and Passive Income
Growing up, he lived in a small two-bedroom apartment, which later became a valuable asset. After his father’s passing, the property was rented out for ₹13,000 monthly. His parents also owned a compact one-bedroom flat that brought in another ₹6,000 per month. The combined rental earnings conveniently covered the rent of his current residence near his workplace, reducing his living expenses significantly.
Financial Planning and Investments
He carefully managed his monthly expenditure, keeping it between ₹60,000 and ₹90,000, excluding rent. His investment portfolio was structured across multiple channels: about ₹80 lakh in mutual funds, ₹12 lakh in PPF and EPF, ₹1.5 lakh in restricted stock units, ₹2 lakh in savings, ₹4 lakh as an emergency reserve, and around ₹50,000 in gold funds. Additionally, he held vested RSUs worth $2,000 with another $28,000 set to vest over the next four years.
Debt-Free Lifestyle and Future Outlook
A key principle guiding his financial journey has been avoiding loans. He preferred delaying purchases until he could afford them outright, such as when he bought a car for ₹6 lakh entirely in cash. While he dreams of owning a house in a metropolitan city, he acknowledges the challenges posed by rising prices. His strategy revolves around building strong emergency reserves, preparing for potential layoffs, and aggressively investing in equity to secure long-term stability for his future family and parents.
Early Career Struggles and Growth
His professional journey began in 2014, when he joined a WITCH company as a junior developer with an annual income of ₹3 lakh. Although he received an opportunity to pursue a master’s degree abroad, family health concerns prevented him from taking that route. Instead, he focused on progressing in his career within India. By 2018, he transitioned to a senior programming role at a banking product firm with a salary of ₹8 lakh per annum. Over the next six years, through dedication, networking, and relocating across cities, he managed to increase his pay to ₹18 lakh by 2022. Eventually, he secured a position as an architect at a smaller software product company, drawing a package of ₹40 lakh plus an additional ₹10 lakh performance bonus.
Property and Passive Income
Growing up, he lived in a small two-bedroom apartment, which later became a valuable asset. After his father’s passing, the property was rented out for ₹13,000 monthly. His parents also owned a compact one-bedroom flat that brought in another ₹6,000 per month. The combined rental earnings conveniently covered the rent of his current residence near his workplace, reducing his living expenses significantly.
Financial Planning and Investments
He carefully managed his monthly expenditure, keeping it between ₹60,000 and ₹90,000, excluding rent. His investment portfolio was structured across multiple channels: about ₹80 lakh in mutual funds, ₹12 lakh in PPF and EPF, ₹1.5 lakh in restricted stock units, ₹2 lakh in savings, ₹4 lakh as an emergency reserve, and around ₹50,000 in gold funds. Additionally, he held vested RSUs worth $2,000 with another $28,000 set to vest over the next four years.
Debt-Free Lifestyle and Future Outlook
A key principle guiding his financial journey has been avoiding loans. He preferred delaying purchases until he could afford them outright, such as when he bought a car for ₹6 lakh entirely in cash. While he dreams of owning a house in a metropolitan city, he acknowledges the challenges posed by rising prices. His strategy revolves around building strong emergency reserves, preparing for potential layoffs, and aggressively investing in equity to secure long-term stability for his future family and parents.
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