A Reddit post by a 29-year-old professional has struck a chord with many Indians navigating finances, family responsibilities, and long-term goals. Married, with plans to start a family soon, the user shared a detailed snapshot of his financial journey—from taking loans for education to becoming debt-free and building a growing investment base.
The user completed B.Tech from an NIT in 2019 and later pursued an MBA from IIM Kozhikode, graduating 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
His financial planning did not stop at loan repayment. 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.
{{/usCountry}}His financial planning did not stop at loan repayment. 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.
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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. His plan is to eventually move to a Tier-2 or Tier-3 town and either buy land to build a house or purchase a flat.
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The user has taken a ₹2 crore term insurance policy but is yet to get health insurance.
Social media reaction
The post received encouraging responses online. Many praised his discipline and progress. One user wrote, “You're doing absolutely great. Give yourself another 2 years to increase your savings then buy an apartment.” Another commented, “Bahut badiya bhai. Keep going.” A third added, “Glad to see these kind of lovely posts on here. Proud of you bhai, keep at it!!”
The story reflects a growing trend of young Indians carefully balancing aspirations, responsibilities, and financial independence.