How investing early helped this automobile consultant

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₹7,000 per month then and Srividya ₹5,000). They invested in recurring deposits (RDs) and fixed deposits (FDs) at a time when interest rates were high, thereby laying a solid foundation for their financial future. “Since we also received support from both our families for buying our first house, we decided to invest about 30-40% of our income.

We started treating investments as expenses." says Chandrashekhar. Their only child, Sidhant, was born in 1997 and Chandrashekhar started investing early for his son’s higher education. He opened a bank account in Sidhant’s name and deposited the money gifted by well-wishers into it.

This initial amount, though small, served as seed money for Sidhant’s future financial security. Subsequently, Chandrashekhar started a ₹1,000 per month systematic investment plan (SIP) in MFs for Sidhant. He increased the SIP amount every year based on his growing income.

“This disciplined approach to investing helped create a substantial corpus of ₹85 lakh by the time Sidhant was ready for his MBA, eliminating the need for an education loan" He adds Chandrashekhar’s career took a significant turn when he transitioned from a corporate role to that of an independent consultant in the automobile dealership business. This move marked a shift in his investment strategy towards building a diversified portfolio. He started investing more in mutual funds and later ventured into real estate, purchasing commercial properties in Boisar and Kandivali.