Not everyone’s financial journey is a race to Rs 1 crore by 30, and a Reddit user’s honest account of his progress is resonating with many. A user named Sayad-GD shared his financial journey on r/personalfinanceindia, offering a refreshing perspective on wealth-building.
At 29, he has accumulated assets across various investments and savings instruments. Breaking down his net worth, he revealed:
- Fixed Deposits (FDs): ≈ Rs 6 lakh
- Savings Accounts: ≈ Rs 4 lakh
- Mutual Funds: ≈ Rs 10.22 lakh (Invested ≈ Rs 8 lakh)
- Stocks: ≈ Rs 1.2 lakh (Invested ≈ Rs 85,000)
- EPF: ≈ Rs 5.6 lakh
- PPF: ≈ Rs 3.5 lakh
Reflecting on his career, Sayad-GD shared that he started as a fresher after engineering with a salary of Rs 3.38 lakh per annum. Over six and a half years, his monthly income has grown to Rs 1.05 lakh. “It’s not too high, but it’s fine with me,” he wrote, emphasizing contentment over comparisons.
One of his biggest achievements was purchasing a 3BHK flat in Kolkata in 2023. “It was a big milestone for me because I spent my entire life in a small, old rented place,” he said. The market value of his home stands at approximately Rs 45 lakh.
To finance the property, he took a 25-year home loan but has successfully reduced the tenure to 9–10 years through increased SIPs and part prepayments. His outstanding loan is currently Rs 21 lakh, with a monthly EMI of Rs 29,000.
“After 6.5 years of working, this feels like a solid step forward,” he added. “I know it’s not a massive net worth compared to some, but hey, it’s mine, and it gives my parents a comfortable home.” More than wealth accumulation, his focus remains on ensuring his family’s well-being. “I just hope my parents stay healthy and stress-free forever.”
Reddit Community Reacts
Sayad-GD’s post garnered an outpouring of support and encouragement from fellow Redditors.
Here’s how Reddit users reacted:
- “This is one of the most relatable finance posts I’ve seen. Not everyone is making crores, and that’s okay!”
- “Owning a house in your 20s with a structured financial plan? That’s an achievement in itself!”
- “You’re proof that consistency and discipline matter more than quick wealth. Inspiring journey!”
- “Not every financial story has to be about making millions overnight. This is realistic, achievable, and motivating.”
Sayad-GD’s story is a reminder that financial success is personal, and everyone moves at their own pace. His steady and disciplined approach proves that long-term wealth building is about consistency, not competition.
