🎯 What is Financial Freedom?
Financial freedom means having enough income from your assets or investments to cover your lifestyle expenses—without relying on a job. For young Indians, reaching this milestone by 35 is tough but absolutely possible with the right strategy.
📈 Step-by-Step Guide to Achieve Financial Freedom by 35
✅ Step 1: Define Your Financial Freedom Goal
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Estimate your monthly lifestyle cost (e.g., ₹50,000/month)
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Multiply it by 300 (for 25 years’ safety net): ₹50,000 x 300 = ₹1.5 crore
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That’s the Freedom Number you’ll aim to build
🎯 Goal: Create assets that generate ₹50,000/month passively by 35
💰 Step 2: Master Budgeting Early
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Track every rupee using apps like Walnut, Goodbudget, or Spendee
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Follow the 50-30-20 Rule:
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50% Needs
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30% Wants
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20% Investments
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🔐 “If you can’t manage ₹10,000, you can’t manage ₹10 lakh.”
📊 Step 3: Start Investing at 20 (or Now!)
The earlier you start, the less you need to save.
Example:
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₹5,000/month SIP for 15 years @12% = ₹25 lakh+
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₹15,000/month SIP = ₹75 lakh+
Recommended Tools:
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Groww, Zerodha Coin, Kuvera for Mutual Funds
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Upstox, Zerodha for Direct Stocks
🏡 Step 4: Avoid Unnecessary Loans & EMIs
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Avoid credit card debt, luxury EMIs, and early car loans
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Use credit smartly and only if you repay on time
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Rent instead of buying early (house/car) unless necessary
🚫 Debt is the #1 wealth killer.
📚 Step 5: Upskill & Increase Income
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Learn high-income skills: coding, marketing, finance, design, sales
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Aim to increase your income by 20–30% every 1–2 years
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Build multiple income streams: freelancing, investing, online business
📈 More income = more investment = faster freedom
💼 Step 6: Build Passive Income Streams
Diversify income sources:
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Dividend stocks & mutual funds
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REITs or rental income
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YouTube, blogging, or online courses
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Digital products, affiliate marketing
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Startup or small business equity
🔐 Step 7: Create an Emergency Fund
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Save 3–6 months of expenses in liquid funds or bank savings
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This helps you stay calm and avoid selling investments in a crisis
🧘 Peace of mind = long-term wealth stability
📉 Step 8: Get Insured
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Term Insurance: Cover 15–20x your annual income
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Health Insurance: Individual or family floater with ₹5–10 lakh cover
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Prevent wealth wipeouts from illness or accidents
🔍 Step 9: Review & Rebalance Every Year
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Track your net worth and investment growth every 6 months
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Adjust SIPs, realign goals, and stay disciplined
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Avoid panic selling or FOMO investing
💡 Step 10: Think Long Term, Not Get Rich Quick
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Stay invested in compounding instruments
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Avoid risky crypto trades, shady tips, or quick-rich MLM schemes
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Financial freedom is a marathon, not a sprint
🧾 Final Words:
Achieving financial freedom by 35 in India is challenging—but doable with discipline, consistency, and smart investing. Start small, stay focused, and let compounding do the magic.
🧠 “Earn more. Spend less. Invest smart. Repeat.”