'Debt-Free At 35, Apartments In Noida And Bengaluru': UP Man’s Reddit Post Goes Viral
The man recalled that his financial journey was inspired by two key lessons: avoiding credit cards and saving money like a non-negotiable habit.
The success story of a man who has become the owner of two flats without any substantial debt at the age of 35 has gone viral for his disciplined investment journey. In a Reddit post, the man shared how he bought two apartments in Noida and Bengaluru and became debt-free.
Born in 1990, the user highlighted that he was able to achieve this milestone despite struggling academically.
He began his career in 2013 with a job in Noida, which paid just Rs 7,000 per month. Over the years, he worked hard and eventually got a job in Bengaluru.
“I landed my first job in Noida in 2013, paying meagre Rs 7,000/month. I later left that job to pursue the course of PGDAC from CDAC Electronic City, Bengaluru. My luck wasn't happy with me this time either; campus placements were brutal and cut-throat competition. I got rejected by over 45 companies before landing my second job. My second job was better and paid me fairly. I worked with some incredible mentors over 10 years who inspired me deeply,” he said in the post five days ago.
The user further recalled that his financial journey was inspired by two key lessons: avoiding credit cards and saving money like a non-negotiable habit.
According to the user, his first investments were tax-saver Fixed Deposits.
“First Investments I started with Tax-Saver FDs (Rs 30–40k each, 8.75% interest). Then SIPs & Stocks, some giving 50 to 300% returns over five years. (I made mistakes too!),” the user said.
Over time, his money began to grow and compound and helped him set a strong foundation for his financial future. In 2018, the Redditor bought his first apartment in Noida. By then, he had saved Rs 5 lakhs and received Rs 1 lakh as a joining bonus and another Rs 1 lakh for relocation from Bangalore to Noida.
“Moving to Noida, I decided to buy my first apartment. Took a Rs 60 lakh loan for 25 years. My father supported me with Rs 7 lakhs for down payment. We agreed: if I fail to pay, the flat will be sold. No bailouts,” the post read.
To repay the loan faster, he paid 14 EMIs a year instead of 12 and used bonuses for part payments.
“The apartment's value appreciated due to great construction quality. I kept living my life with friends, trips, parties and vacations. I wasn't just working to pay EMIs,” the user noted.
After marriage, the Redditor moved back to Bengaluru for a new job. Following a discussion with his wife, the user took a Rs 40 lakh loan to purchase an apartment in the city and another Rs 10 lakh for a car.
“Current Status: I’ve had 3 loans totalling over Rs 1 crore. I’ve already repaid around 80% using disciplined strategies. I could close them today, but I keep them for tax benefits,” the post read.
