Notes

financial freedom 101

2 min read

financial roadmap for 20s

🧭 Complete Financial Roadmap for 20s — Aman Dhattarwal

💡 Core Principles

  • Don’t trust media or brokers — trust your own research and sense.
  • Personal finance is more about “personal” than “finance.”
  • Take advice from people 5–10 years ahead of you and who’ve already achieved your goals.
  • Best investment = YOU (your skills, mindset, and health).

🎯 Financial Goals in Your 20s

  1. FI (Financial Independence):
  • Goal: ₹1.2 Crores (approx. $1M milestone).
  1. F2 (Financial Freedom):
  • Next stage: ₹2 Crores+ or your personal freedom goal.
  1. F3 (Optional – Family & Lifestyle goals):
  • Marriage, children, parents’ health, long-term stability.

⚡ How to Reach FI Faster

  • Earn More:
  • Work smarter and harder.
  • Target increments, promotions, and better cities or abroad jobs.
  • Leverage WFH from Tier-2 cities and freelancing.
  • Start Early:
  • More risk-taking ability.
  • Learn early from mistakes.
  • Get a head start in career → more promotions.
  • Avoid time and money wastage in early years.

☠️ Destroyers of Wealth

  • Loans / EMIs (especially for depreciating assets).
  • Bad Investments (e.g., unresearched crypto or MLM schemes).
  • FOMO & overspending.
  • Family pressure or emotional spending — only help in medical emergencies or as charity.
  • Lavish marriage and unnecessary social expenses.

🧱 Build Financial Safety

  • Always be prepared for financial tsunamis → get insurance.
  • Term insurance if dependents rely on you.
  • Health insurance for yourself and your parents.
  • Use a Bucket System for savings:
  • Short-term needs 🪣
  • Emergency fund 🪣
  • Long-term investments 🪣

🏠 Real Estate & Investment Wisdom

  • Don’t ask biased people —
    “Don’t ask a barber if you need a haircut.”
    (Similarly, don’t ask brokers if it’s a good time to invest.)

  • Before buying a house:

    • Visit at least 50 projects and check previous clients.
    • Prefer ready-to-move properties over under-construction ones.
    • Don’t buy land without legal ownership clarity.

  • Avoid physical cash transactions — they add unnecessary friction.

🪙 Bonus Lessons

  • Invest in yourself — education, fitness, dressing, communication.
  • Think long-term, not just about saving tax or short-term gains.
  • Be disciplined, patient, and aware of where your money flows.

Graph View

Backlinks