Hey Let’s Keep It Real 😎
Congrats! 🎉 You’ve earned your first 1 lakh—that’s a huge milestone. Now comes the smarter part: saving and investing that money so it grows and works for you.
Here’s a roadmap for students to make 1 lakh the start of a bigger financial journey.
1️⃣ Set Aside an Emergency Fund 💸
- Keep at least 10–20% of your 1 lakh in a safe, liquid account like a savings account or liquid fund
- Why it works: Protects you from unexpected expenses
- Pro Tip: Think of this as your safety net—it’s peace of mind in cash form
2️⃣ Start SIPs and Mutual Funds 📈
- Small monthly investments (even ₹2,000–5,000) grow with compounding
- Why it works: Long-term growth with low risk
- Pro Tip: Use systematic investment plans (SIPs) to automate investing and stay consistent
3️⃣ Explore Digital & Micro-Investing 🌐
- Platforms: Digital gold, ETFs, fractional stocks
- Why it works: Start small, learn investing habits, diversify risk
- Pro Tip: Even ₹500/month in micro-investments compounds over time
4️⃣ Reinvest in Skills & Side Hustles 🚀
- Invest in online courses, tools, or certifications
- Why it works: Skills increase earning potential and can grow your income faster than passive returns
- Pro Tip: FSIDM students often use courses to improve freelancing income while still in college
5️⃣ Track, Plan, and Review 🌟
- Use spreadsheets or apps to track income, savings, and investments
- Set short-term and long-term financial goals
- Pro Tip: Review progress every 3–6 months and adjust strategies—flexibility is key
Reality Check 🔥
Hitting 1 lakh is just the beginning. The next step is about smart management, disciplined investing, and growing your income streams.💡 Pro Tip: Treat your 1 lakh like a seed. With saving, investing, and skill-building, it can grow into 5–10 lakh or more while you’re still in college.
