A 23-year-old salaried employee has revealed on Reddit that he has reached a net worth of ₹50 lakh, marking a significant financial milestone. The user, who is just weeks shy of turning 24, attributed this achievement entirely to his earnings, although he admitted that he could have saved more.
Financial Habits and Lessons Learned
The Redditor said, “I should have invested more aggressively. I splurged a little more than I wish I did. Have been care free with some investment decisions and saving money. All this accounted I could have easily saved around 1L more. I’m not complaining, It’s a lesson for myself.” He noted that the total returns on his investments over two years were under ₹1 lakh, highlighting that his choices did not significantly add value to his portfolio.
Net Worth Breakdown and Future Goals
He shared a detailed breakdown of his net worth: Mutual Funds – ₹10.3L, Chit Fund – ₹1.7L, Fixed Deposit & other fixed investments – ₹10.6L, India Stocks (Smallcase) – ₹3.2L, India Stocks (individual) – ₹2.6L, and US Stocks (RSU) – ₹16L. The user plans to restructure his investments and invest more aggressively in mutual funds.
Currently earning around ₹30L post-tax including RSUs, base salary, and performance bonus, he is considering a company switch to earn ₹45L post-tax, aiming for faster wealth growth.
Disclaimer: This story is based on a post shared by a Reddit User. The details, opinions, and statements quoted herein belong solely to the original poster and do not reflect the views of Financialexpress.com. We have not independently verified the claims.