Most of us aspire to be millionaires by 30. Right? While it’s a challenging task, but not an impossible one. It requires early saving, strategic investing, and constantly increasing your income. Key steps include saving consistently, avoiding unnecessary debt, maximizing investment and retirement contributions, and creating multiple income sources.
While we still dream about having assets worth Lakhs and Crores, this 28-year-old Healthcare professional has achieved it.
Women, 28, With Rs 50 Lakh Savings Taking to Reddit, a 28-year-old woman broke down all her savings, including her investments in Mutual Funds, Sovereign Gold Bond (SGB), as well as Public Provident Fund (PPF), which combined to a whopping Rs 50 Lakhs in savings at such a young
age.
The woman shared that she started her investment journey with a Monthly SIP of Rs 50,000 and gradually increased it to Rs 85,000 per month.
She wrote, “28, F working in healthcare, started with Rs 50k/month in SIP, gradually increased to 85k/month since this year. MF – Rs. 27.42 lacs, SGB – Rs. 18.15 lacs, PPF – Rs. 4.73 lacs. Total – Rs 50.30 lacs.”
How Did Social Media React?
The internet was left impressed with her financial journey, with many calling it ‘inspirational.’ A Reddit user shared, “Well done! Inspirational. My biggest regret, not going big on SGB. I thought I’d keep buying small units in future tranches, but eventually the government stopped issuing them.”
Another one wrote, “Congrats, looking at this, I feel like I should stop my ₹5k SIP headache and invest more in my skills.” One of them shared, “At your age I was yet to start savings. Way to go, girl.”
A person wrote, “Congrats, happy for a fellow girl! I (30F) also recently reached 50L (didn’t realise). Similar breakup, but instead of SGB, I hold blue-chip stocks.” A comment reads, “Brilliant allocation to gold. Wish I had such conviction. My only Gold investment is in SGBs, and that’s just 2 percent of my portfolio.”
“27F and I’m nearly halfway there, congrats and thanks for the motivation OP,” a user shared.
To achieve financial stability at a young age, focus on mastering the fundamentals of personal finance: budgeting, saving, and investing. It is always advised to get the required knowledge and do deep market research before investing in stocks or mutual funds.
