A Viral Reddit Post Inspires Many

A Reddit post by a man from Bareilly has captured widespread attention for its candid account of his financial journey. The user, who remains anonymous, shared his story of overcoming numerous challenges to achieve financial stability. Born in 1990 in Jhumka City, Bareilly, he described his early struggles with academics and multiple rejections in competitive exams. Despite these setbacks, he persevered and eventually built a successful life, owning two apartments and becoming nearly debt-free by the age of 35.

Early Career Struggles and Breakthroughs

After completing college, the Redditor faced several rejections in entrance exams like IIT and AIEEE, as well as in job exams such as IBPS, SSC, and UPSC. In 2013, he secured his first job in Noida with a modest salary of Rs 7,000 per month. Determined to improve his prospects, he pursued a PGDAC course at CDAC in Bengaluru. Despite facing over 45 rejections during campus placements, he eventually landed a better-paying job.

Financial Discipline and Strategic Investments

The user credits his financial success to disciplined savings and strategic investments. A pivotal piece of advice from a senior HR professional was to treat savings as non-negotiable, akin to paying rent. He avoided credit cards to prevent impulse spending and began tracking expenses meticulously. Starting with tax-saving fixed deposits, he gradually moved into SIPs and stocks, allowing his savings to grow over time.

Real Estate Investments and Loan Management

In 2018, after saving Rs 5 lakhs and receiving additional funds from a job switch, he purchased his first apartment in Noida with the help of a loan. His father assisted with the down payment. He adopted a rigorous repayment strategy, making extra EMI payments annually. In 2021, he married and later bought a second apartment in Bengaluru when expecting their first child. Despite accumulating loans exceeding Rs 1 crore, he has repaid 75% to 80% of the total amount.

Lessons on Consistency and Financial Independence

Reflecting on his journey, the Redditor emphasized the importance of consistency over perfection. He avoided lifestyle inflation and focused on progress rather than external validation. His story resonates with many for its message of perseverance and disciplined financial management.