People starting out their careers now, don't make the same mistake I did
I'm 35yo, been working in IT since 12 years now. One day I woke up and realized that I don't have any significant corpus left for retirement.
And this probably was a mistake but I listened to my dad and purchased a 3BHK flat putting down all my existing savings. At that time I thought it was a good deal since he was also going to help me out with 50% of the amount. Long story short, my house is now fully paid off but I have only about 20L overall in my portfolio. I'm currently rigorously working to create an emergency fund first.
Reading all the posts in this group I feel an immense regret of the opportunity lost. I used to think saving about 20% of my salary in RDs should be enough. Had nobody to slap some sense into me back then. And whatever I used to save used to get spent in some expense or the other. My expensive lifestyle mostly stemmed from buying gadgets and spending a bomb on trips.
Right now I make a little over 2L per month so planning to invest at least 1.5L of it spread across Niftybees, gold bees and a flexi cap fund. Hopefully it will save my ass if I live off very frugally from now on. Not planning to get married too.
Worst case scenario I might have to rent out the flat and move to a small house.
TLDR: Put all savings into house, no retirement corpus after 12 yoe in IT