MagicalBoba
MagicalBoba

Reached 1.5L Networth

I know it sounds very funny as it's almost nothing, but considering my background, this is huge for me after just turning 23 and started working 4 months ago at 7k pm. I got 92k just in last 7days. I was in heavy depression for few years, had no plans for future even few months ago.

My target was 1L at the end of 2023, got it after 3 days. Mostly I am putting all in MF now. I don't need emergency funds as of now, my parents have planned for those. Any suggestions would be appreciated.

I need to upgrade to a mid level laptop asap. So it'll be big investment. An investment that I hope will give me massive return.

Next realistic target 7-8L at end of 2024. Let's see if I can get there or not.

19mo ago
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SwirlyKoala
SwirlyKoala
EY19mo

best of luck on the journey.

MagicalBoba
MagicalBoba

Ofcourse bro. The journey is what makes life memorable.

GigglyPotato
GigglyPotato
Slice19mo

Have seen a handful of similar posts after mine, did I just started this trend *blushing

MagicalBoba
MagicalBoba

Probably 😃

WigglyBanana
WigglyBanana

@WhatsThePoint I think you did!

GroovyBanana
GroovyBanana

92k in the last 7 days?? Explain?

MagicalBoba
MagicalBoba

Bro that's exaggeration. Actually salary + freelance payment of last month came in last 7days😂.

GroovyBanana
GroovyBanana

Cool, btw which platform you use for freelancing?

CosmicBagel
CosmicBagel

Congrats OP . I also started small

Remember this "Little drops of water make the mighty ocean"

MagicalBoba
MagicalBoba

Yes. Best of luck to you.

SillyJellybean
SillyJellybean

Don't put everything in mutual funds. Diversify your investments and have some emergency funds of your own as well. You never know what might happen in life.

All the best 👍

MagicalBoba
MagicalBoba

Thanks for your feedback. Where would you suggest to put the emergency funds? FD? I don't like to put in savings account.

SillyJellybean
SillyJellybean

Yes, FD works. Try to get a good interest rate.

DizzyTaco
DizzyTaco
Adidas19mo

Congratulations OP. First of everything is something to cherish for.

MagicalBoba
MagicalBoba

Yeah. First income is always a sweet memory.
Then First lakh.
Then First Crore.
First business.

DerpyPretzel
DerpyPretzel

All the best buddy :)

MagicalBoba
MagicalBoba

Are sur thank you.

SwirlyTaco
SwirlyTaco

Good luck. Any start and all starts are excellent.

Remember as with everything else but specifically with investing - Discipline is Destiny.

Looking forward to your 10L, 50L and 1 cr post.

For the LapTop - buy refurbished. Will be cheaper, comes with a guarantee if you get it off an authorised refurb site. Don't always have to have the latest and greatest spec.

ZoomyHamster
ZoomyHamster

GG

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Reached 10L networth

I know it's not a big amount, but felt like announcing this. Here's my nw breakdown-

FD/Emergency fund: 5L MF/stocks: 1L Sitting around: 4L (can't get myself to invest it, the market seems very overvalued. Will try to invest this in...

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by FuzzyPretzelZepto

Net worths target and goals by age...

What are your net worth targets and goals by age? Here's mine:

25: 10L ✅ 30: 50L ✅ 35: 1.5 Cr 🟡 40: 3 Cr 🟡

Post image
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user

Goal: 25: 2L ❌ 30: 30L ✅ 35: 50L 🟡 (had a baby) 40: 1 Cr 🟡

Personal Finance
by WobblyNuggetSoftware Developer

How much wealth have you created yourself?

  1. Real estate (invested value)
  2. Liquid cash
  3. Other Investments (invested value)

The wealth should not be inherited.

I'm 30. No house, 10L in cash and 5L in mutual funds. No inherited weath.

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user

Seeing the comment section,I realise I am broke.

user

This di*k measuring contest is really popular nowadays.

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I'm 31 1 apartment for 2Cr on loan … loan will be over in 5 years 1.5cr in MF 10-15L cash I started 4 SIPs...