A Gurgaon resident, Gurjot Ahluwalia, recently shared his journey of increasing his net worth to ₹5 crore in just over a decade. Aiming for financial independence by 2025, Ahluwalia highlighted three pivotal strategies:
Professional Advancement: Prioritizing career growth to secure a substantial income.
Delayed Gratification: Practicing disciplined saving by postponing immediate desires.
Equity Investments and Entrepreneurship: Investing in stocks and owning businesses to boost wealth.
He also acknowledged advantages that facilitated his financial progress, such as being debt-free due to parental support for his education and saving on housing costs by living with his parents. Ahluwalia clarified that his net worth calculation excludes property and jewelry, focusing instead on assets like equities, mutual funds, bonds, NPS, EPF, and savings.
His story has garnered admiration online, with many praising his consistency and patience. Some noted the challenges of achieving similar financial milestones, especially in high-cost cities, but recognized that a high salary combined with disciplined saving can lead to significant wealth accumulation.
This narrative underscores the importance of strategic planning, disciplined saving, and informed investing in achieving financial goals.