Thread on my Mistakes in #personalfinance. Slightly long - hopefully insightful. We all make mistakes in personal finance in our early stages our life and career – I want to take this opportunity of sharing my mistakes – the sole objective being – others can learn from them - 1/

Not saving and investing early in life – lived life in a complete consumption mode on a monthly paycheck till the time I actually bought a house. This was for the first 5 years of my career. Had lived the first 30+ years of my life in a 300 sq ft house. 2/

Bought my first car before I bought a house – so EMI for my Maruti 800 had already started. Objective of buying a house (way back in 2001 – under construction – possession in 2005) was to force savings in the form of an EMI. 3/

Had barebone savings of 50K which was the down payment for the 3 bed apartment in a plush complex for 26 odd lakhs (quite a luxury for my age – was single at that time) – But in hindsight – this one move has helped me as I inadvertently timed the real estate market at a low. 4/

Was lucky to be funded by HDFC for 100% of Property value + stamp duty + registration + term insurance for Loan value for 15 Years (with one Bullet Premium) – with no down payment – was refunded my 50K too. This was on a/c of the Brand which the Builder commanded 5/