A Reddit user recently celebrated a major financial milestone, sharing that they have crossed a net worth of 5 Crore at the age of 35 after 13 years of disciplined saving and investing. The user wrote, “I am from a middle class family with no inheritance. My father worked in a bank. I got good education and graduated from a premier institution. I was always conservative and spend cautiously from childhood.”
After starting their first job in 2009, the user saved approximately 50-60% of their income, which now has increased to 75%. “Once I landed my job, in 2009. I always used to save approximately 50-60%. Now it is close to 75%.” They are married with two children and have a dependent mother.
Investment Strategy and Asset Allocation
For the first six years, the user primarily parked money in fixed deposits at their father’s bank. After their father passed away, they started managing their finances independently. “They purchased a home without a loan using proceeds from company stock sales and do not include it in their net worth.
Their current asset allocation includes Indian equity at 37% (Index and PPFAS Flexi), US equity at 15%, debt at 30% (EPF, debt bonds, FDs), real estate at 10%, gold at 5%, crypto at 1%, and startup seed investments at 2%. Insurance coverage includes term insurance policies of 1 Cr and 4 Cr, and health insurance with a 10L base and 90L super top-up.
Financial Independence Plans and Future Goals
The user estimates monthly expenses at 2 Lakh, including children’s education and other significant costs. “I am at 20X now. I would convince myself that I am FI, when I hit 30-40X.” Having spent 10-12 hours a day at startups, they plan to eventually move to a part-time role or an MNC to spend more time with family. They also intend to increase equity allocation to 60% over the next few years while maintaining a balanced debt portion.
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