[Milestone] Crossed 1 cr networth

[novalopez697]

@revots You can go for liquid/debt funds instead of FD.

 

[heidiyz]

@revots Congratulations OP! And all the best for your next milestone

 

[debbij]

@revots which 5 direct stocks if you can say?

 

[revots]

@debbij I am not much active in direct equity recently. My major gains are from IRCTC, ITC, muthoot, piind

 

[ahadi]

@revots That's what savings can do for you great work man, I am currently at stage two of yours, need some help

 

[greened67]

@revots Kudos to your mother and all her hard work. She didn't burden you with anything, gave you a balanced start.

 

[revots]

@greened67 Yes, she is my wonder woman

 

[realsellercc3112]

@revots Congratulations, that’s the way! Although i live frugally as much as possible but I spend in gaining life experience in my 20s since they’ll never come back. So it has to be a healthy and pragmatic balance.

I believe today’s youth needs to learn how to save as well. Most of them in India are living paycheck to paycheck and spending all their salary in unnecessary and unaffordable luxuries. Looking at America - we already know that doesn’t work very well.

 

[resjudicata]

@revots Inspiring man

 

[ministermark7]

@revots What was your CTC when you started?

 

[revots]

@ministermark7 Around 5.5lpa

 

[master363]

@revots How do you track all of this?

I'm tempted to compute these numbers for myself.
But my bank statement is probably a mess.

 

[revots]

@master363 I fill salary credited, bank opening and closing balance in Excel every month to calculate monthly expenses.
Investment is also through Excel. Template is from https://www.vertex42.com/ExcelTemplates/investment-tracker.html

 

[sebrinarinas]

@revots Congratulations on all of your hardwork and achievement!

I just sincerely hope that the person you marry has similar attitude/habits towards personal finance as you do.

 

[rayofhislight]

@revots OP - Even I am going through simar phase. But due to covid and personal commitments wasn't able to start in mutual fund and stock market. Now want to start, would u share the MF portfolio with names , I want to see what you have opted as reference. I wanted to start from past 3 months but not able to shortlist. Thanks.

 

[revots]

@rayofhislight Hi, I am investing into Navi Nifty 50, midcap 150 and uti nifty 200 momentum 30

 

[braydeno]

@revots Finally a post I can relate to, i feel happy for you man!

 

[seanmonty]

@revots I had a similar job and salary and age as you but sitting on half of your net worth.

How you have achieved 1cr , that’s amazing

 

[offgridgenz]

@revots Congratulations op.
Do you have the networth graph or what's your net worth each year end?.

 

[revots]

@offgridgenz Thanks
No actually. I missed tracking it. I started at 0 during 2020 Jan. (All prev investment went into home extension). I reached 50l sometime around early 2022.