From Code to Crorepati: How His First Crore Took 9 Years, But the Second Came in a Flash Drive!

Image Source: Economic Times

The money story of a Bengaluru IT professional is the talk of the town: he spent nine years saving his first ₹1 crore, but 18 months for the second crore. His story, now trending on social media, is a lesson in compounding, career advancement, and risk-averse investing.

Key Highlights:

•⁠ ⁠Humble Beginning: From a beginning salary of ₹2.4 lakh annually, he devoted himself to education, upgradation, and gradually increasing his earning potential.

•⁠ ⁠Career Shifts: The key highlight was the transition to a product-focused technology firm, which provided stock options and a pay hike to ₹45–50 lakh per annum.

•⁠ ⁠Intelligent Investing: He shifted from simple savings to systematic mutual fund, SIP, and equity investments, leveraging the power of compounding.

•⁠ ⁠Self-discipline: Despite rising incomes, he never indulged in lifestyle inflation but saved and invested a huge portion of his income instead.

•⁠ ⁠Learning & Patience: Sticking to following finance influencers and maintaining patience in building long-term wealth was rewarded, as money momentum gained pace after the initial crore.

Prospect: With India's IT industry booming and financial literacy increasing, more young professionals can follow this path. The takeaway: emphasize acquiring skills, disciplined investing, and let compounding work its magic in the long term.

Source: Economic Times, India Today