I’m really thankful to God for everything I have. I have worked @ MSFT for almost 8 years 4 years in India & remaining 4 in US. As regular IDC move when moved to US I had peanuts MSFT stocks but doubled my salary in 2 years(thanks to few SSAs, fair team & two promos). My networth today is ~$1.98M with $560k in debt. My major boost came from my investments and frugal lifestyle. Here is the split $500k in real estate in India(A flat in Hyderabad, 2 plots in North India) $750k house in US $200k in 401k $460k in stocks & crypto(MSFT, Amazon, Tesla, Beyond meat, AMD & BTC/ETH/LTC) $30k cash $60k angel investment in start-ups How I did it? When in India I kept my expenses very low and bought a house when I was 23, I would save around 60-70% pm and paid my EMI. I used my joining bonus and bonus for the down-payment. For plots my dad helped me to apply for HUDA lottery plots(the scheme for GOVT employees so we did a joint bidding), got one in 2014 when I was in India and another one when I was in US. Bottom line I kept my personal expenses very low & took some risk and made some right investment. My stock growth comes from 2016-2017 growth bump when market was low due to election year. I got into stock market when I moved to US and thanks to MSFT stock growing very fast maximizied my value, ESPP. The best thing that happened was investing in Amazon stock. I got 28k relocation bonus which I invested all in Amazon stock on Dec,1 2016( I still remember that it was 740 then) because I met my college friend in Seattle who mentioned how stock has doubled from 250 to 600 since he joined...thanks to him :) that investment is now 100k. Other investments that has paid off is AMD, I bought around 10k worth in mid 2017 to 2018 which is now 50k. Offlately Tesla and Beyond meat is giving me good return. My next bet is on Nikola, Airline stocks MSFT stock got SSA twice, ESPP, annual stock I have net 250k MSFT stocks in 8 years I kept my expenses really very low I lived in sharing for 2 years in Crossroads(Yes I was that Indian) didn’t buy a car, cooked meals, I kept my expense around 1.8k pm saved around 4.5k to 5k month I paid most of my loans in India 1.5-2 year. Even later I have lived in multiple places, saved enough through rent and other things. Even if you are saving 25k per year more than regular MSFT employee you can multiply that atleast 3 times in 2-3 years in current bullish market,if you make right investments. Got a salary bump promoted 3 times, one year I was HiPo when my rewards were 180% used that money in investments. Played with crypto when it was 3k sold it at 7k done this multiple times, using that I collected down payment and sold my onhire stocks(thats when I realized how much MSFT has grown lol) Bought a house last year, 560k in debt. I have done angel investment thats where I have made loss. I invested $80k which is now $60k. For 401K, Vanguard ETF I use to get lot stern looks on my lifestyle when I would have second hand car or I had temp address but I’m glad I could save this much, I’m going to turn 30 in few months and can now start next phase of my life without much worry. I would say making money is addiction, I could survive all this because I wanted to make this for myself. YOE:8 TC:250K AMA
Congratulations :-)
What did God do for you?
I have been through rough phases in my life but it was faith on Him that kept me afloat, sometimes in life all you need is little hope :)
Congratulations, your journey is very inspiring!! Your Blind handle and your mention of having faith in HIM, don't seem to go hand in hand though, just saying.
Congrats!
Congratulations OP. How did you pick the right investments for stocks? Do you do research on the company like reading their balance sheets, income sheets etc or go with the flow?
I started with Tech because I understand Tech and the trends for e.g I knew about Cloud computing so chips and SaaS companies hence I invested a lot in semiconductor. Read about the trends for e.g. I got to know about Beyond meat because Bill Gates invested in it but on researching I found that this space is going to be hot because of climate change and how fast they are growing etc, but it’s more about the timing. You need to pick up the right price aka time, you can judge that understanding the total valuation of the company, the space, TAM potential to go through. Follow stocks in Robinhood read the news and info c the expected price and then buy.
Thanks OP. I’m doing research and learning about value investing, right time for picking up good stock investments. For example Southwest Airlines and JP Morgan Chase are on my radar right now as both of them have strong track records(balance sheets, revenue etc) and also on great discounts now. What do you think?
What other stocks are you going to be in, long term with the next 2-3 year outlook?
That 750k house in US, is that all equity? Or part is debt
I'm jealous.. I'm 23 with nothing
A number of us start with nothing. We all gotta start somewhere. It's a marathon, not a race. Enjoy life where you can. Maintaining a healthy perspective & lifestyle are most important imo.
Could be worse. I'm 31 with basically nothing.
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Fuck you and congratulations
Thanks :)