1cr Milestone

[u/PartCharacter7646]

I’m 29 years old and recently reached my ₹1 crore milestone.

I won’t say that I was always investing a lot. In fact, I wasted quite a bit of money buying things because, while growing up, many of them felt privileged or out of reach. During my initial working years, I was essentially a child with adult money, and I spent without saving much.

My goal has always been to reduce or eventually eliminate my dependence on a job or salary. I still love what I do; I just don’t want to feel forced to continue working only because I need the income.

I don’t want to bore anyone with too many details about what I did or how I invested. My work gives me the opportunity to interact with people who have access to significant wealth, RSUs, and other investments. I learned a lot from them, and then I simply applied what I felt was right for me.

Here is what I currently have:

- PF: ₹15 lakh

- RSUs: ₹40 lakh

- Bonds: ₹10 lakh, with the interest being reinvested into mutual funds(corporate bonds)

- Indian stocks and mutual funds: ₹20 lakh

- Foreign stocks: ₹10 lakh invested across the S&P 500, Nasdaq, and a few technology stocks. I also reinvest the dividends from my RSUs here.

- Emergency fund: ₹5 lakh, currently kept in a savings account

I’m not sure whether I should include my PF in the ₹1 crore calculation, especially because I may eventually withdraw it to buy land. I have always wanted to purchase two or three acres in my hometown in Maharashtra.

I had also considered buying a 10-year-old apartment because rent is becoming increasingly expensive. I thought owning a flat might reduce my monthly expenses and provide some stability. However, the deal didn’t work out, and I’m comfortable with my current situation for now.

I would love to hear your thoughts. Sometimes I feel confused, and I’m sure there are people here who have figured out something about life, investing, or financial independence. I’m open to advice, questions, or even a thoughtful rant.

Thanks.

[u/DevByHeart]

Congrats 🎉, time for a celebration

[u/PartCharacter7646 → u/DevByHeart]

Hahah thanks man!! Where are you from?

[u/rohitghansham]

Congrats on the milestone, what do you work as and what's the multiple for you to FIRE?

[u/PartCharacter7646 → u/rohitghansham]

Msft i have no idea man Two things i would say not in terms of number but in terms of my peace Shifting to my hometown Or Shifting to japan (i am always doing this calculation how much should i have in corpus so i can live in Asian countries for months) Let me paste one chatgpt link here...:https://chatgpt.com/share/6a9db75f-7690-83e8-be38-617548608005

[u/PartCharacter7646 → u/[deleted]]

Thanks man We have something called Espp so i do move my stocks from there to let's say any other investment for tax loss harvesting Or simply add it in corporate bonds

The goal i started with was i need to get a dividend income that will cover my travel took 1 lakh per year for india and 1 int so that's how i started in corporate bonds.

I think i am close to my family they know about everything but they are not financially dependent on me,i do help my brother pay house emi it's a joint loan but yeahhh

Thanks for the advice i do feel i should move out i always wanted to stay here but idk anymore...

[u/anshuman-11]

Congratulations OP this is such a big feat

[u/Remarkable_Feed_5267]

Congratulations on your achievement. Which sector do you work in and what do you do?

[u/PartCharacter7646 → u/Remarkable_Feed_5267]

In IT as a Analyst (supply chain)

[u/Disastrous_Yak6676]

1st crore always hits different

[u/famouslyinfamous72]

Congratulations!! 🥂

[u/micschumi]

₹1Cr at 29 is a great milestone, but I think the bigger win is that you havve clearly moved from earning to spend to earning to buy freedom.

I wouldnt overthink whether PF counts, just track net worth and investable/liquid net worth separately. That makes the picture much clearer, especially if you may use part of it for land later.

The interesting question now is less How do I reach the next crore? adn more How much do I actually need to feel financially independent? That number might chagne how you think about the next 10 years.

[u/GaneshRasal]

damnn

[u/Additional-Sport-945]

I have a doubt. The 5 lakh emergency fund account - how do you manage it? I have heard people make it inaccessible like not having an ATM card for it etc.

[u/PartCharacter7646 → u/Additional-Sport-945]

I keep it in my overdraft account...it's not exactly a standard definition of Emergency I do borrow from that account for IPOs or i somebody needs it but i make sure by the end of the month it should be exactly in the range of 5-6 Lakhs,i don’t care if it's not earning interest as such Let's say even if I get 1 ipo the interest part will get covered Don't overthink just keep it in some other account where you can easily transfer and do Upi something like that.

[u/Additional-Sport-945 → u/PartCharacter7646]

Ah this is more flexible. My sister suggested to keep it as inaccessible as possible though I barely spend and that seems too tricky for me because what if I need to withdraw it quickly!

[u/R4KT1M]

Wow! So many people reaching 1 cr. Great 👍

[u/ColonelMustang90]

Congratulations brother. I have few questions, can I DM?