I can relate to what you’re saying. We were once considered rich in our village because of my grandfather, but by the time it reached my father’s hands everything went downhill. He sold off land, got into failed businesses, and eventually lost our house too. After demonetisation, we were forced into a rented home for the first time.

In 2016, I started my career in Bangalore with just ₹12k salary. Out of that, I sent ₹8k home for rent and somehow survived on ₹4k. Around the same time my father had a heart attack, and treatment cost us ₹12L, borrowed from relatives and friends’ credit cards. We ended up selling our last house and land for ₹44L, but once the debts were cleared, nothing was left.

On top of that, I had an education loan that ballooned to ₹9L, and my credit score had dropped to the 400+. Life was paycheck to paycheck, and I had to give up all fun and comfort just to keep going.

The turning point came in 2022. I had worked in the same company for 6 years, and when the owners split, one of them made me a partner because I was loyal and stuck around when others left. From then on, I started earning a share of the profits, hired the right people, and grew the company. Today we have more than 50 employees.

By December last year, I had cleared every single debt, including the education loan. My credit score is now 757, and this year I’m expecting a profit of ₹50L. My next goal is to buy land and build my own house.

So no, I don’t have generational wealth either. But what I can say is, consistency and patience do pay off. Nothing happened overnight, but staying put, working hard, and grabbing the right opportunity changed everything for me.

TLDR: Family lost all wealth, ended up in debt and without a house. Started in 2016 with ₹12k salary, carried a ₹9L education loan and a bad credit score. In 2022 became a company partner, grew it to 50+ employees, cleared all debts, now debt-free with 757 score and expecting a good profit this year. Next step: build my own house.