Andry Hakim: Business and Investment First, Buy a House Later
Generation Z has a strong desire to achieve financial freedom later in life, including owning assets before the age of 30, such as a house. "In my experience, starting from zero, buying a house is the hardest thing. So, I am realistic. From the age of 21, my goal was to own a house. I only managed to buy one at 31," said young investor and Founder and CIO of Hakimson.id, Andry Hakim.
Andry Hakim shared his experience with young people during the Money Lab session at Investor Day 2026, held at the Indonesia Stock Exchange (IDX) Building on Tuesday. Investor Day 2026 is part of the 25th anniversary celebrations of Investor Daily.
According to him, if possible, buying a house should be the final step. "Because if you take on a house and pay the instalments early on, your money will be eroded," he said.
He noted that times are different now compared to the era of today’s parents. Previously, by saving for just three months, parents could afford to buy a house. Nowadays, even after saving for five or ten years, buying a house is not guaranteed. "So, it is better to rent a house first," Andry Hakim advised.
While renting, individuals have the opportunity to increase their income through work or business. "In the beginning, I kept rolling my money into business and ventures. Grow your income first," he revealed.
Subsequently, in 2018, Andry Hakim began investing in shares with a capital of Rp 1 billion. By 2020, his capital had shrunk to Rp 500 million due to the Covid market crash.
"You have to keep going and think it through. If my money was Rp 1 billion and I lost 50% to become Rp 500 million, I had to figure out which stocks could yield a 100% profit to recover the loss," he said.
He stressed that everyone needs to grow their income first before getting serious about stock investment, ideally accumulating at least Rp 100 million.
"I am being realistic. Because if you have Rp 10 million and make a 100% profit, the gain is only Rp 10 million. In my view, the minimum is Rp 100 million. You can practise with smaller amounts, but you cannot achieve financial freedom from an investment of Rp 100,000 or Rp 10 million," Andry stated.
"This is a numbers game. The bigger the numbers, the easier it gets. The smaller the numbers, the harder it is," he added.
Eventually, he managed to accumulate hundreds of millions of rupiah. Combined with business income, he was able to generate even larger earnings, reaching his first Rp 500 million to Rp 1 billion.
From that first Rp 1 billion, he then invested. If the annual return was just 20%, he would already make a profit of Rp 200 million. "Once it is large, you just keep growing it. Roll it over. Eventually, the compounding becomes faster," Andry concluded.