Investing from the 1st Salary

Sonali’s Slice of Life

Coming from a Tier-2 city, landing a job through campus placement in the city of my dreams felt like a dream come true.

City life was exciting, but it also had its challenges. The daily commute was exhausting, and I was just starting to understand the demands of my new job.

For the first time, I was paying rent, managing groceries, and balancing work and home life. There were nights when I felt overwhelmed by all the responsibilities.

Thankfully, my flatmates became like family, making it easier to cope with the loneliness. The freedom was thrilling, but it came with a lot of new responsibilities.

Getting my first paycheck was a huge milestone. Seeing my hard work pay off was amazing, but I quickly realized I needed to be smart with my money.

Financial institutions, FinInfluencers, colleagues, friends, - Everyone gave advice and I was getting confused with so many investment options.

I got introduced to TrueX through my company. TrueX financial advisor helped me navigate the confusing world of investments and make a plan which was suitable for me.

I started to invest from my first salary. Even small amounts grew over time, thanks to the power of compounding.

I was disciplined with my investments and saw it growing gradually like a money tree.. I have been investing for last 2 years and here is how it has been working out -

My saving plan ( 5 years) - I save 20% of my annual salary. My first increment was 15% in year 2. All the investment planning was done considering 15% salary increment every year with 20% of salary as savings.

Time period	Annual Salary ( in lacs)	Increment %	Saving per month	Saving per year ( in lacs)
Year 1	6 L		10,000	1.2L
Year 2	6.9 L	15	11,500	1.4L
Year 3	7.9 L	15	13,225	1.6L
Year 4	9.1 L	15	15,209	1.8L
Year 5	10.5 L	15	17,490	2L

Based upon my preferences and comfort, TrueX advisor suggested below investment strategy with me.

Sonali's Investment Strategy

Investment Type	% of total savings	Expected Return	Reason
Fixed Deposit	10	7% - 7.5%	Assured Returns with high liquidity for any urgent needs
ELSS	50	10% - 12%	Tax saving investment along with good returns
Mutual Funds	40	14% - 18%	Basket of mutual funds to balance risk and returns

Based upon this investment strategy, here is how my investments have been planned for 5 years -

Time Period	Salary ( in lacs)	Annual Saving (in lacs)	Investment Value (Current year)	Investment Value (by year 5)
Year 1	6 L	1.2 L	1.27L	2 L
Year 2	6.9L	1.4L	1.45L	2.05L
Year 3	7.9L	1.6L	1.67L	2.1L
Year 4	9.1L	1.8L	1.93L	2.16 L
Year 5	10.5L	2L	2.21 L	2.21 L
	Total	8.01L		10.52L

I am in Year 2 now and by the 5th year, my Salary = my Investments!! I love the power of compounding..

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P.S. All the financial and personal details are used for representative and information purposes.