If you are the oldest sibling : This is for you.

In this article, I'll discuss financial strategies for the eldest sons in Indian families who bear the burden of supporting numerous siblings.

Being the firstborn means your significance is eclipsed the moment a younger sibling arrives. Suddenly, you're expected to assume a paternal role. This isn't about those who willingly take on responsibilities and earn respect. It's about the others.

Fast-forwarding past childhood and adolescence, let's talk about when you begin your career. There's an expectation that you'll work tirelessly, not to save for your own future family but to provide for your parents and siblings. If the father isn't present, you're anticipated to fill his shoes, with your family depending entirely on you.

Their demands will sap your efforts, and when you look for support, you won't find any. Your family will be preoccupied with their own lives while you sacrifice your aspirations to support them.

Typically, your parents might leave the family assets to your siblings, leaving you with nothing. So when you start earning, keep a low profile. Avoid sharing financial details with family, friends, or relatives. Be particularly wary of relatives who may simply wish to exploit you.

Reveal only a fraction of your income. Maintain private financial accounts and assets. As your wealth grows, maintain the appearance of modest means. This will deter demands from others. If loan inquiries arise, claim rejection. Resist spending your earnings on your sister's dowry or your brother's entrepreneurial ventures.

To enjoy your wealth, avoid flashy purchases. If leisure spending is necessary, do it under the guise of business travel. Your family and relatives should not be the beneficiaries of your hard-earned money, as they may take your generosity for granted, thriving while you look after their welfare. When the time is right, claim a job transfer, find a supportive partner, and settle down, letting your family adapt to the modest income you've shown them.

Adopt frugal habits and invest wisely. Project a simple lifestyle while quietly managing your finances. As the eldest sibling, handle your responsibilities with shrewdness. I'll delve deeper into these topics in my next article.

Thank you for reading.