GoofyMochi
GoofyMochi

First Milestone - Hope many more to go

Posting here not for bragging but to just let people like me know who look at extraordinary salaries and feel sad - it is possible just believe in yourself. I never thought Iโ€™d reach even this.

4.5 years of workex in a non-tech role, started with 35,000 monthly salary.

I know this number might not mean anything to the FAANG tech bros out there but for the rest here is a bit of context -

  • I come from a middle class background
  • Not from Tier 1 college
  • Not a software developer
  • No MBA as of now
  • This doesnโ€™t contain any inheritance
  • Send some money home every month for parents

Dont get overwhelmed, just keep your head down and donโ€™t compare to anyone. I try to keep a strict budget, track every transactions, limit my needs but once a while splurge slightly when I feel like.

See you all at the next milestone! ๐Ÿป

Post image
19mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
SquishyQuokka
SquishyQuokka
Gojek19mo

Very nice. It is great to see people post their investing stories.

Tip: I feel a Google Sheets doc looks a little less professional so, just like yesterday a ss from a broking platform.

GoofyMochi
GoofyMochi

Point taken. The thing is Iโ€™m struggling to find a platform that consolidates all my investments- including PPF and FDs and give me an overall picture. Plus I invest most of the Debt component in my motherโ€™s name for Tax purposes hence need to maintain a google sheet for consolidation

GoofyDonut
GoofyDonut

What, a spreadsheet is the best way of collecting everything. Just add some stock formulas for live data. Graphs to make it pretty if you will.

All other "apps" that do this are a spreadsheet in one way or another lol

SparklyBoba
SparklyBoba
Google19mo

Congratulations brother. May I ask which role you are currently into? Also how were your salary jump?. This can surely motivate.

ZoomyMuffin
ZoomyMuffin

+1

BouncyPenguin
BouncyPenguin

+1

QuirkyMarshmallow
QuirkyMarshmallow

How do I read? You invested 1.3 lakhs and the total returns equal 50 lakhs?

SillyPretzel
SillyPretzel

Wow. Does monthly SIP mean anything else?

QuirkyMarshmallow
QuirkyMarshmallow

It doesn't mention how many months?

ZestyPotato
ZestyPotato

Congratulations brother ๐Ÿบ๐Ÿบ, I have just started taking investing seriously . Now will try to reach this milestone in next couple of years

GoofyMochi
GoofyMochi

Hope you reach here very soon ๐Ÿป

TwirlyPickle
TwirlyPickle
Cisco19mo

You are doing a monthly sip for 1.3 lakh? This with a 9-5 job? It's insane! Can you share your journey?

PerkyDumpling
PerkyDumpling

One can do an sip that high what's the issue?

TwirlyPickle
TwirlyPickle
Cisco19mo

No issue with him doing any amount of sip... Just want to know how he's managing his monthly expense + sip on a salary

FluffyNugget
FluffyNugget
Plivo19mo

Hope u are living life just as much as u seem fixated on investing. U definitely got a good raise sometime after that 35kโ‚น monthly or u did some part time to keep investing regularly that much. Anyway, good for u but know that u r lucky to have so much capital remaining for doing such regular high investments

GoofyMochi
GoofyMochi

Thank you. Yes I live a decent life - live with friends, go on dates with girlfriend, eat out at decent places and dress decently. Just I try to follow a strict budget and donโ€™t chase brands or materialistic things much.

DizzyLlama
DizzyLlama
Atlys19mo

Hey @Sourmask , Just a question, how much % of your income do you direct to investments(SIPs, FDs etc)?

SquishyLlama
SquishyLlama
Acko19mo

Same question.

GoofyMochi
GoofyMochi

Itโ€™s about 65%. If thereโ€™s any amount remaining at the end of the month or my freelance income since that is not fixed I invest that separately

JumpyHamster
JumpyHamster

These post are more encouraging than those ads.

Keep it coming folks.

SwirlyTaco
SwirlyTaco

Super stuff! Congratulations. You've got this!

PerkyDumpling
PerkyDumpling

Awesome !

Discover more
Curated from across
Personal Finance
by PerkyDumplingSoftware Developer

Reached a milestone today! started with 5000rs salary

If I can do it anyone can. being a women and reaching this seems an accomplishment started with 5000 rs salary no one had faith I could do this.

Post image
Top comments
user

Wow ๐ŸŽ‰๐ŸŽ‰ Just curious what was the period and what do you do ?

user

Now it will take less than 6 years to grow next 3 CR power of compounding. ๐Ÿ‘๐Ÿ‘

Ask Grapeviners
by SwirlyNuggetIBM

5 years in my first job (28M//18LPA) and got an offer for 68LPA

Saw my first job offer letter today after 5 years of working at IBM because I wanted to show my nephew who is starting college how it looked(he had asked for it). The blue logo, weirdly reminded me of a time when everyone around me was j...

Post image
Top comments
user

Thanks for posting this. Otherwise I only see posts like- "I have 2 YOE with 30LPA salary, is it less?".

user

This actually is the reality that most of these ZIRP era Gen-Z babies wouldn't get.

user

Wow!! Great. Congratulations man, this is some real shit! ๐Ÿ‘๐Ÿ‘

Indian Startups
by ZestyPancakeProduct Management

Story of Middle Class guy from 3.5LPA CTC to 1.2Cr CTC (46Base + 72Esops) in 4 yrs

Started working in 2017 (Graduation: Tier 2 College) in hand salary: 28K per Month. Worked for 2.5yrs, had big dreams, didnโ€™t knew what to do, how do I 10x my salary, saw my manager 40yrs old earning 25LPA in the same company. Realised ...

Top comments
user

Are you considering 72L esops of razorpay as your own networth? ๐Ÿค”๐Ÿค”

user

Graduated in 2022 - Tier 2 college but started working part time/long term internships since 2018 and full time since...

user

Started in 2018 with 3.5L salary as a BDA in a huge company. Joined another company in 2019..moved to 8L. Got promote...

Misc
Misc14mo
by CosmicRaccoonAmazon

Pulse Check !

What was your first ever CTC and what's your current CTC with YoE?

Note: you can also share about job changes during starting and current period.

I'll start - 1.6 to 9.8 in 4 years.

This post is intended to give hope to freshers and m...