5 Yoe, 1Cr saved, barely into investment, did I just take frugality to another level?
I’m 27 single and have around 1Cr saved if I sell my current company’s RSUs.
I worked at a bank in early career and they used to give 1% extra savings interest to their employees and even to this date, I have 7% savings interest credited monthly.
My family is so conservative when it comes to taking risks and the high interest rate never really pushed me to get into investments.
I started with 6LPA, switched aggressively and now my TC is around 45LPA.
Did I take frugality to next level or it’s common to save this much given my Yoe?
Having 1 CR is certainly a great achievement at your age. I'm assuming you don't have much financial responsibilities. And that is a great enabler from your parents side. Try to start with safe investments like long term Mutual funds. Diversify a particular amount each month & don't look at it for 5 years. You can also look into real estate for investment but that's a lot of headache compared to SIP. And don't forget to enjoy some of your hard earned money, responsibly.
