A post on Reddit by a 29-year-old professional has struck a chord with many Indians dealing with finances, family responsibilities and long-term goals. Married, and planning to start a family soon, the user shared a detailed snapshot of his financial journey – from taking out loans for education to becoming debt free and building a growing investment base.
The user completed his B.Tech from NIT in 2019 and later did his MBA from IIM Kozhikode, graduating in 2022. His education came at a cost – $3 lakh in loans for engineering and $14 lakh for his MBA, along with some support from his father and his personal savings.
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After getting a job after his MBA, he prioritized 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 repaying the loan. Investing through SIPs started early, starting from $30,000 per month and gradually increasing to $65000. Today, his net worth includes $20.5 lakh in mutual funds $8.5 lakh in savings $7 thousand in fixed deposits $12 lakh in EPF and $2 lakh in sovereign gold bonds.
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Besides, he contributes Rs 15,000 $20,000 per month to support his parents, although his father continues to earn.
Biggest concern: owning a home
Despite the financial progress, one concern remains: housing. With no inheritance or primary housing, 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 buy an apartment.
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User A has taken $Insurance policy for Rs 2 crore but is yet to take out health insurance.
Social media reaction
The post received encouraging responses online. Many praised his discipline and progress. One user wrote: “You are doing an absolutely amazing job. Give yourself another two years to build up your savings and then buy an apartment.” Another commented, “Bhoot badiya bhai. Keep it up.” A third added: “Glad to see these kind of beautiful posts here. Proud of you bro, keep it up!!”
The story reflects a growing trend of young Indians carefully balancing aspirations, responsibilities and financial independence.
