A Reddit post by a 29-year-old professional has struck a chord with many Indians navigating finances, family responsibilities, and long-term goals.
The user, who completed B.Tech from an NIT in 2019 and later pursued an MBA from IIM Kozhikode, graduated in 2022.
His education came with a cost— ₹3 lakh in loans for engineering and ₹14 lakh for the MBA, along with some support from his father and personal savings.
After securing a job post-MBA, he prioritised clearing his loans. The engineering loan was repaid within six months, while the MBA loan took three and a half years.
He has now been debt-free for the past six months.
Building wealth step by step, he began investing through SIPs early, starting with ₹30,000 per month and gradually increasing it to ₹65,000.
Today, his net worth includes ₹20.5 lakh in mutual funds, ₹8.5 lakh in savings, ₹7 lakh in fixed deposits, ₹12 lakh in EPF, and ₹2 lakh in sovereign gold bonds.
Alongside this, he contributes Rs15,000 to ₹20,000 monthly to support his parents, even though his father continues to earn.
The big concern: Owning a home, despite financial progress, one concern remains—housing. With no inheritance or owned primary residence, he feels pressure to secure a home for his family.
The user has taken a ₹2 crore term insurance policy but is yet to get health insurance.
The post received encouraging responses online. Many praised his discipline and progress.
