5 Key Takeaways
- An Indian techie couple overcame Rs 1.2 crore debt to build a net worth of Rs 5 crore before age 40 through disciplined savings and investments.
- They were inspired by the Financial Independence, Retire Early (FIRE) philosophy during the pandemic, which led to a major financial turnaround.
- Their wealth-building strategy included clearing all debts by 2021 and investing in mutual funds, gold bonds, real estate, and equities.
- Both partners experienced significant career growth, with their combined annual pre-tax income reaching around Rs 2.5 crore by 2025.
- The couple now prioritizes financial stability and family life, aiming for a Rs 10 crore retirement corpus and secure futures for their children.
How a Techie Couple Went from ₹1.2 Crore Debt to ₹5 Crore Wealth Before 40
Have you ever wondered if it’s possible to turn your financial life around, even if you’re deep in debt? Here’s an inspiring story of an Indian couple who did just that—and built a net worth of ₹5 crore before turning 40!
Humble Beginnings and Big Dreams
The husband grew up in a lower-middle-class family, where his parents worked hard to give him and his brother a good education. Their sacrifices paid off: he became an engineer and later completed an MBA from a top college. During his MBA, he met his future wife, who was also building her career in management. Together, they now have over 14 years of work experience and earn a combined pre-tax income of about ₹2.5 crore per year.
Early Financial Mistakes
Like many young couples, they made some financial missteps early on. By the time they got married, they were already carrying a huge debt of ₹1.2 crore! This included education loans, a lavish wedding (which they now admit was more for impressing relatives), and home loans taken for their parents’ houses. Looking back, they realize these decisions weren’t the wisest.
The Turning Point: Pandemic and the FIRE Movement
Everything changed during the COVID-19 pandemic. Stuck at home, they discovered the FIRE (Financial Independence, Retire Early) movement, which inspired them to take control of their finances. They made a plan to pay off all their loans, and by 2021, they were debt-free.
Smart Investments and Steady Growth
With no more loans to worry about, the couple started investing their money wisely. They put their savings into mutual funds, gold bonds, real estate, and stocks. Real estate, in particular, became a big part of their wealth, especially as property prices rose during the pandemic.
Climbing the Career Ladder
Their incomes grew steadily over the years. The husband started as a software developer earning ₹4 lakh a year in 2010, and after his MBA, his salary jumped to ₹18 lakh, then ₹22 lakh, and eventually ₹2 crore by 2025. His wife’s career also took off after her MBA, with her salary rising from ₹3–5 lakh to ₹75 lakh per year.
What’s Next?
Now in their mid-30s, the couple is focused on stability and spending quality time with their two kids. Their next goals? Building a ₹10 crore retirement fund, buying their own home, and saving ₹2 crore each for their children’s future.
The Takeaway
Their story shows that with discipline, smart choices, and a bit of patience, it’s possible to bounce back from even the toughest financial situations. If they can do it, maybe you can too!
No comments:
Post a Comment