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What could you talk about?

• Are you a FIRE beginner wanting advice? We'll try to help!
• Have you started your FIRE journey? Tell us!
• Have you hit a net worth milestone? We want to be motivated!
• Insights from work life or daily life? We are all ears!
• Just feeling lonely and want to hang out with FIRE-minded people? That's why this sub exists!
• Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics/trading still apply!

We have a Wiki that is constantly being updated, so please do read that if you are new here.

Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

What could you talk about?

• Are you a FIRE beginner wanting advice? We'll try to help!
• Have you started your FIRE journey? Tell us!
• Have you hit a net worth milestone? We want to be motivated!
• Insights from work life or daily life? We are all ears!
• Just feeling lonely and want to hang out with FIRE-minded people? That's why this sub exists!
• Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics/trading still apply!

We have a Wiki that is constantly being updated, so please do read that if you are new here.

Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

What could you talk about?

• Are you a FIRE beginner wanting advice? We'll try to help!
• Have you started your FIRE journey? Tell us!
• Have you hit a net worth milestone? We want to be motivated!
• Insights from work life or daily life? We are all ears!
• Just feeling lonely and want to hang out with FIRE-minded people? That's why this sub exists!
• Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics/trading still apply!

We have a Wiki that is constantly being updated, so please do read that if you are new here.

Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

What could you talk about?

• Are you a FIRE beginner wanting advice? We'll try to help!
• Have you started your FIRE journey? Tell us!
• Have you hit a net worth milestone? We want to be motivated!
• Insights from work life or daily life? We are all ears!
• Just feeling lonely and want to hang out with FIRE-minded people? That's why this sub exists!
• Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics/trading still apply!

We have a Wiki that is constantly being updated, so please do read that if you are new here.

Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

What could you talk about?

• Are you a FIRE beginner wanting advice? We'll try to help!
• Have you started your FIRE journey? Tell us!
• Have you hit a net worth milestone? We want to be motivated!
• Insights from work life or daily life? We are all ears!
• Just feeling lonely and want to hang out with FIRE-minded people? That's why this sub exists!
• Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics/trading still apply!

We have a Wiki that is constantly being updated, so please do read that if you are new here.

Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

What could you talk about?

• Are you a FIRE beginner wanting advice? We'll try to help!
• Have you started your FIRE journey? Tell us!
• Have you hit a net worth milestone? We want to be motivated!
• Insights from work life or daily life? We are all ears!
• Just feeling lonely and want to hang out with FIRE-minded people? That's why this sub exists!
• Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics/trading still apply!

We have a Wiki that is constantly being updated, so please do read that if you are new here.

Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

What could you talk about?

• Are you a FIRE beginner wanting advice? We'll try to help!
• Have you started your FIRE journey? Tell us!
• Have you hit a net worth milestone? We want to be motivated!
• Insights from work life or daily life? We are all ears!
• Just feeling lonely and want to hang out with FIRE-minded people? That's why this sub exists!
• Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics/trading still apply!

We have a Wiki that is constantly being updated, so please do read that if you are new here.

Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

What could you talk about?

• Are you a FIRE beginner wanting advice? We'll try to help!
• Have you started your FIRE journey? Tell us!
• Have you hit a net worth milestone? We want to be motivated!
• Insights from work life or daily life? We are all ears!
• Just feeling lonely and want to hang out with FIRE-minded people? That's why this sub exists!
• Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics/trading still apply!

We have a Wiki that is constantly being updated, so please do read that if you are new here.

Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

r/FIRE_Ind

What could you talk about?

• Are you a FIRE beginner wanting advice? We'll try to help!
• Have you started your FIRE journey? Tell us!
• Have you hit a net worth milestone? We want to be motivated!
• Insights from work life or daily life? We are all ears!
• Just feeling lonely and want to hang out with FIRE-minded people? That's why this sub exists!
• Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics/trading still apply!

We have a Wiki that is constantly being updated, so please do read that if you are new here.

Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

So I get asked my family a lot about liquidity so we can plan some investment. At the same time, I'm also interested in keeping a tab on my net worth/investments across various asset classes as well as I'm keem to track the progress in net earning after taxes. Now it takes significant effort to get that numbers primarily because

1. My income is variable
2. Hard to calculate tax and net income after taxes until next year itr
3. Money is diversified into various instruments. Some of them I don't have an easy way to get info (e.g. rbi sov. bonds, gold bonds/etf, mutual funds, international stocks, property, etc.). It is easy to track fd, mutual funds but not others. Also the international funds are in usd which has variable value in inr, so it is tricky to add that in net worth calc.

Overall goal is to be aware of how much money can I invest now given the variables and also to learn the progress I'm making in saving or growing my wealth. Probably I lack of info and probably lack of knowledge/framework to manage everything easily. Tried creating sheets to track everything but they all get stale quite fast and everytime it takes days/week to get everything in there. What am I missing? I'm quite privacy conscious and won't give my data to any one app/website to conaolidate info.

Hi all,

Just waiting for my this month salary, as I have reached my net worth of 50L.

I am 28 years old single software engineer working in one of the top product based company earning 26LPA.

Me splits are like this : Saving : 5.5L FD : 11L PF + PPF : 10L MF : 11L Direct stocks : 7L Loan given: 1.5L 12% club : 50K Rsu : 1.5L Other : 2L

My monthly earning is 1.55L and expenditure is 25-30K.

Want to get married by next year and looking for working wife, and planning for only one kid.

Parents are not dependent and never will be dependent. Also will inherit 1.5 cr from parents as parts of my share and brother will get rest 1.5cr of today’s worth.

And there is no liabilities on us (all family members).

Have one house in tier 2 city (connected to tier 1, 20 km away ) worth 25 L

Have another house in another city (where we can’t live as it’s very away from city) worth 1.3cr and it gives rent of 30K monthly.

Have one farming land + one plot worth at most 1 cr. All owner by dad.

Note : added dads property of my share in inheritance

I am planning to buy a land worth 30L next month.

Open for any kind of suggestions.

"What was that moment your life ended up the opposite of how you expected" - Dark

​

2023, a scam:

1. Got promoted, started reporting to CXO/Reached salary of 72L.
2. Management change happened at the company. Working style/priorities changed. Work culture became toxic. Working hours per week went upwards of 55 -60 hours.
3. Post few months of working in that toxic environment, I got laid off.

​

From “Kabhie Kabhi lagta hai ki apun hi bhagwan hain (Sacred Games)” feeling, I went to "Chutzpah ho raha hai hamare sath (Haider)" wali feeling.

​

Before we embark upon latest season of the story, here are some refresher links for past seasons.

​

1. Season 1. Age 44. Dated: 05-April-2019. Corpus ~2Cr: https://www.reddit.com/r/FIREIndia/comments/b9o7e1/my_fire_strategy/
2. Season 2. Age 44. Dated: 30-Sep-2019. Corpus ~2Cr: https://www.reddit.com/r/FIREIndia/comments/db8yll/crossed_inr_50l_gross_for_the_first_time_and_a/
3. Season 3. Age 47. Dated: 03-Dec-2022. Corpus ~4Cr: https://www.reddit.com/r/FIREIndia/comments/zba2we/evolution_2022_an_update/

​

If you are lazy (like me) to read through above links, below is quick flashback with updated numbers.

• Family Details: M48, Wife (F44) -homemaker, kids 17 and 11 year.
• Other dependents: Fully Support one set of parents, in 80s, back in hometown. Partially support in-laws in 80s, again back in hometown. Plus one more close family member + child
• History: Humble background. Bright Student. Education through loan.
• Career: IT. Resident Indian. 25+ years’ Work Exp
• Corpus: ~5 Cr ( 1.60Cr in EPF/PPF/NPS + 2.65 Cr in Equity (MFs) + 5L SGB+ 55L in liquid Funds + 25L Ready Cash in bank ) + ~1 Cr (Endowment Policy payable at age 60). Zero debt.
• If I include future dated payable endowment policies, then corpus ~6Cr
• Other assets: 2 houses completely paid off approx. value > 3Cr. One is self-occupied, primary accommodation in Tier 1 city. Parents live in the other one at hometown (Tier 2 city)
• Expenses: 1.5L pm = 18L pa (This includes kids education, health, vacation and other personal expenses). Good news is that despite inflation and salary growth, this overall amount has stayed constant – though category of expenses may have interchanged.

Now that we are up to speed, let us continue where we left.

“Aaj Main Ooper, Aasmaan Neeche” -Khamoshi: The promotion and salary increment came out of nowhere. Needless to say, I was overjoyed and felt like this could accelerate my journey towards being FI. The greater part of the increment came via variable component. Of course, there was some increase in take home pay as well. Part of the increment went into SIP.

“Ishq aur jung mein koi usool nahi hote!” -Padmaavat: I guess this is applicable for work as well. Work is after all another jung (war) or is it ishq (love)? M&A happened at workplace, got new set of top management. The new management treated acquired company resources like Lalita Pawar might treat her bahu (For un-initiated Lalita Pawar was famous Bollywood actress, who often played role of a scheming mother in law). WFH went away. People were asked to work long hours. Weekends were no longer sacrosanct.

“Mera toh na bad luck hi kharab hai” -Rangeela: I still distinctly remember the day I got laid off. It was Monday morning, few days past middle of the month. My team and I had been working very hard on a tough deadline for past few weeks (weekend included). I had already attended 2 meetings that day when I suddenly got a meeting invite from my new boss, with HR in CC, with a vague subject line “Discussion”. The meeting was scheduled for 5pm. I had an eerie feeling. My boss and I had 2 more common meetings during the day. Post one of those meetings, I asked him – “What is the agenda for the evening meeting? Am I getting fired? His response was, “I do not know the agenda of the meeting, I set up the meeting on request from HR” and “Let us not speculate”. Come 5 pm, I was told by the very same guy that my position has become redundant, and my services are no longer needed. HR added, that, If I want my exit letter to state the reason of leaving as voluntary, I would need to officially resign. Either way, I was told that I will get paid for the duration of my notice period, which starts effective immediately. Remember, the variable pay, which got introduced earlier? Well, it came with a clause that I had to be on company payroll till such and such date. There was no severance pay involved. And guess what, I was asked to go, including my notice period, a month prior that the eligibility date. Devious, no? Any case, I had no choice, but to resign to get a clean exit. Not that it matters, for this discussion, but almost all the managers for my erstwhile organization got impacted.

​

“Raah mein unse mulaqat ho gayi Jise darate the wohi baat ho gayi” -Vijaypath: Well, this was the moment all of us here at this sub have been dreading/preparing for. Unlike the song, the situation was not romantic for me. I was taken aback. The feeling is better explained by the line – “Apun ki phat gayi (Sacred Games)”. All the simulations of personal finance, excel sheet had not prepared me for this moment.

​

“Kaun kambakht bardaasht karne ko peeta hai ... hum toh peete hai ki yahan par baith sake, tumhe dekh sake, tumhe bardaasht kar sake” -Devdas: Well, several people drink to drown their sorrows. I go for long walks (no drinks involved). First thing I did, post the news, was to take my family into confidence and then went for a 10 km walk. Collected my thoughts during the walk. Had various points going on in my head. Once long ago, I had received a severance package and I landed into a job soon after. If I could do it then, I could certainly do it again. I had entire duration of notice period to search for a job. Etc etc.

​

“Sirf insaan galat nahi hote ... waqt bhi galat ho sakta hai ”- D-Day: Remember, how I mentioned above, it was few days past middle of the month. My instincts told me to stop my SIPs, conserve the money I have at hand. Half of my SIPs for the month had been executed already. I cancelled all the SIPs, but, since one needs 6 days of advance notice for cancelation of SIPs, none of the remaining SIPs for the month got cancelled. Any case, SIPs got cancelled for subsequent month onwards. Astrologers were consulted – general consensus was “waqt bura chal raha hai” (time is not favourable). Their advice has been followed upon. Religious rituals were performed. Right after the layoff, my heart kind of sunk. I told myself and everybody around me that I am doing fine. But my resting heart rate shot up by 10 units. For at least a week, I was not getting good sleep. Mind kept running multiple permutations and combinations.

​

“Bahut taklif hoti hai jab aap yogya ho aur log aapki yogyta na pahchane”- Mirzapur: As you might be aware of, I was working on 75 month plan towards FI, with target date of 2025. Now, though technically speaking, I was close to FI amount but still had many months to go before I hit my target date/corpus. I still had no plans to retire. I started looking for a job. Reached out to ex bosses, friends, college network, contacts, head hunters etc. Started applying for jobs on Naukri, Indeed and LinkedIn, and guess what, nothing seems to be working. Have been willing to compromise on my compensation, relocation and/or part time work. Many months have passed, my efforts spent on job search have also reduced.

​

“Matlab aisa bilkul immediate nahi soche hain but... sochenge ”- Mirzapur: Does this mean, I have been forced into unplanned retirement? I do not know. I hope not. As on date, I still have 21 months to go for my target retirement date. I still continue to be hopeful for going back to employment. Though, my life resembles a (semi?) retired person. I continue to go for my morning and evening walks. Walks are longer than when I was working. Has helped in reducing weight (not much – only 1 kilo so far). As evident from this post perhaps, time I spend on watching TV has gone up. Soon, after my lay off – we took a family vacation during school holidays. Weeks after that vacation period were spent completing long pending personal/home projects. With most of that over, started “utilizing my time” taking up trainings, certifications etc. Idea was to keep myself as occupied as possible. But soon, that got boring as well, and now has dwindled too. Perhaps, the fire (no pun intended) to look for a job has reduced as well, due to all the financial planning and corpus. During my younger years, I had been an avid reader (fiction/non-fiction) and I still have a good collection of books which also includes many bought but unread books. Somewhere during the work life, book reading habit had taken a back seat and was replaced by spending time with kids, walks and Netflix. I thought it would be easy to just get back to book reading, but it has not been, particularly easy. Mind keeps drifting. Though, Resting Heart Rate is better than before. Sleep is also better then before. On random weekdays, after kids have left for school, my wife and I sometimes go out for breakfast. Sometime we go out for lunch. She has been a pillar of support through this time.

​

"Dil ke chaalon ko koi shayari kahe toh parwah nahi ... takleef toh tab hoti hai jab koi wah wah wah karta hai”- Devdas: Fortunately, both my wife and I never bothered about what would people say. Of course, this has a gossip value but beyond a point, nobody cares about what is happening in someone else's house. At least I prefer to think so. An apt line for this situation can be, "No one is thinking about you the way you're thinking about you" - Schitt's Creek. We have not gone advertising about the fact that I am out of job since months now, but word does spread around. What hurts the most, when people over romanticise my situation and show (fake?) appreciation for my boldness of taking early retirement. Hello? Did you not get the memo? I did not volunteer. I have been forced into this situation.

​

“Ajeeb Dastaan hai yeh, kahan shuru kahan khatam, yeh manzilein hain kaun si, na tum samajh sake na hum”- Dil Apna, Preet Parayi: When I had started my career with 1.08L I had never thought of reaching the position I was able to reach to. I feel blessed and fortunate to come out of the poverty, I grew up in. I need to now start looking at the future ahead. Best case scenario over the course of next 6 months is, I get back to work with a decent salary (50L+). Medium case scenario, I get into a lower paying job. Worst case scenario is not getting any job. While, I am hoping for the best, prudence suggests to be prepared for the best.

​

“Jeewan ki hawa kabhi naram naram, kabhi garam garam” -Luck: Lets dwell more into the worst-case scenario. Employer provided health and term insurance are gone. I continue to have my personal term (1.5Cr) and health insurance (10L +10L). Parents are getting old. I think, have decent cash/liquid fund to hopefully last over the next 3 years. PF contribution should continue to grow for next 3 years without any contribution. PPF and NPS, may need minimum contribution. Equity corpus can be treacherous and can see a sharp fall too. With no, new contribution, there will be little opportunity to do dollar cost averaging in equity. My elder child may get into college next year – fees for the same continues to be a variable, depending on the rank and college the overall outgo for a 4-year course can range from 10L to 40L. The younger one, though 11 years old, has started expressing desire to do medical. Current fees for the same can vary greatly from perhaps 5L to 1Cr. Though at his age, his career preferences keep changing on a monthly basis! Even, If I keep 1.5 Cr aside for kids’ education, this should still leave me with 3.5 Cr for my retired life. With additional 1 Cr (from endowment plan) planned to come in when I turn 60, the presumed sum total should be 4.5 Cr. Ideally, I would have preferred, this post education, retirement corpus amount to be 5 to 5.5 Cr. I am assuming, with kids gone, our expenses may come down to 12-14L pa. For the ease of calculation assuming the yearly expenses to be 15L pa, do you think, 4.5 Cr is sufficient (30X) to last for 40 years? Of course, the two houses continue to be the safety net.

​

“There is no such thing as failure. Either there is success or learning.”- Sandeep Bhaiya: How the hell, did I land up in such position? This was not the way the story was supposed to go. I keep thinking what else could I have done to be in rather more comfortable situation. Was it wrong to accept the salary hike/promotion? Did I have a choice? I seriously started retirement planning when I was 38 years old. Did I start too late? Was my saving sate not sufficient?

“God gives us tragedies so we can pass along how we survived it to the next generation of sufferers”- Yellowstone: Penning my thoughts down, helps me reflect better. Also*,* This sub has helped me plan better – hopefully my story will resonate with someone and may help them strategize better.

​

"Picture abhi baaki hain mere dost" - Om Shanti Om: I am sure, this is not the end of the story. Stay tuned for future updates. “I will be back”.

https://www.forbes.com/sites/baldwin/2019/07/25/the-fire-lunatics-with-8-return-assumptions/?sh=2f66a93176b3

live frugally and coast through life on a portfolio that gives you an annual return of 8%. That’s the way some of those Financial Independence, Retire Early people think. Future portfolio returns of 8%? Hogwash. A fair forecast is more like 2.5%. Two crimes are committed by people who talk about 8% returns. One (not a felony just yet, but it should be) is to ignore inflation. The other is to project past returns into the future.

I know one should always consider inflation when thinking of FIRE and past stock returns do not guarantee future returns.

With that said, only 2.5% is fair? That's depressing. What do you guys think?

Many who retire early generally have about 40 to 50 years of lifespan ahead of them. How are housing costs accounted for across that period?

Many of them have been living in premises, either fully-paid up or eventually be so, for 5 to 10 years, and I don't see them accounting for additional housing costs. That would imply a 45 to 60 year term of residence within one premises. How feasible is this, since I don't know of many people who have done so (except for places like Mumbai, and even there perhaps not by choice).

RCC structures might have a lifespan of 60-70 years when well maintained, but that is at the upper end. Therefore, one might be looking at a shake up in housing costs 25-30 years into their retirement, if not earlier.

Flats by themselves might not hold much value at that point (unless the undivided share of land they sit on can be monetised), but those living in independent houses have a choice to sell their land and move into a modern gated community in their chosen city, possibly with some surplus left over. Given this, would those who haven't yet committed to a long-term residence be better off to invest in an independent house at the present time?

So, people always take about a corpus of 40X / 50X the annual spend. But, how would one account for the long term replacement of high cost items that wear/fail over a long term? Average/amortize the amount over the lifespan? what are the assumptions that the community uses for these high cost discrete expenses?

My case, my TV, Fridge, washing machine, water purifier and dishwasher cost me 2,30,000. I expect these to last 5 years and replace them at 150% of their price as now (8.5% per year price hike). I expect my automobiles to last 10 years and replace them about twice the current rates (7.2% per year price hike). Are these fair assumptions? Nothing is stressful than unexpected huge bills.

Does swr of 4% work for India FIRE calc for normal retirement ? If not what to plan for age 45 retirement?

What could you talk about?

• Are you a FIRE beginner wanting advice? We'll try to help!
• Have you started your FIRE journey? Tell us!
• Have you hit a net worth milestone? We want to be motivated!
• Insights from work life or daily life? We are all ears!
• Just feeling lonely and want to hang out with FIRE-minded people? That's why this sub exists!
• Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics/trading still apply!

We have a Wiki that is constantly being updated, so please do read that if you are new here.

Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

Hello everyone,

I'm 31 and working towards FI. I love travelling and I don't want to wait until I am in my 5th or 6th decade of life to start traveling, after attaining financial freedom.

I was thinking about allocating a particular percent (1-2%) of my networth annually for traveling as opposed to saving a percentage of my monthly income.

Is that a good idea?

I'd like to hear your thoughts on this.

Also, if you could share what percent of your networth you'd be comfortable spending on travels annually, that'd be wonderful.

Thank you in advance.

Income : Earning 19LPA(got 26% hike this year), ~1.26L every month after tax, nps and PF cut. Expected to increase 10-20% every year.

Expenses and SIPs: Current expenses range from 13k to 20k per month. Have a minimalist lifestyle, don't travel much, don't go to a lot of pubs and restaurants. Usually the monthly expenses are 13k, but there are months when parents have some online expenses and bills that bring that up to 20k at times.

I have runnings SIPs of around 50k And I use the rest for swing trading.

Future expenses: House temp repair - 2L ( but it is getting delayed because of one reason and another)

House complete revamp and building : not sure of the amount and whether it would ever happen, not interested either, coz we don't have clear ownership of the house land.

Not planning to ever own a car or house.

Not planning for masters either.

Dependents and Inheritance: My parents have inheritance that they say will cover them for their lifetime. The land and stocks that they own are very complicated because they were under my grandfather and great grandfather's name and getting it in my name seems very complicated so I am assuming it to be zero for me.

Assets and Savings : Have a total saving of around 32L scattered in different investment instruments.

I don't do SIPs I invest(long term) when market is low and often do swing/positional trading with 10L in different stocks that I have become comfortable with. (I do make some profits, but Won't consider it as a stable side income)

Current 37L spread is as below:

Direct stock : 9L (including short and long term investments)

Gold (SGB) - 88k

Short-term Debt MF : 8.7L (these are liquid, will take them out when market is good for investment )(pls suggest me any other better liquid investment if any)

MF (ELSS) : 2L(1.5L will get released after 2 yrs and 50k after 3 yrs)

MF (equity plus hybrid) : 3.7L (will stay invested for long term)

Bonds : 3.5L ( have diversified in 7 bonds, avg returns 9-10%, wint is awesome)

Bank : 3.8L (for emergency fund and for market crash to invest)

Post office NSC scheme : 50k (lockedin for another 3 years)

FD : 78k (6.1% maturity in 2027) 50k (7.1% maturity in 2024) 50k (7.2% maturity in 2026)

PF : 1L NPS - 2.5 L

** Future fixed investments ** SIP - 50k NPS - 8k PF - 1.8k

**Questions: ** What are my wrong assumptions, investments and Forecasts? Which assets should I invest more in? What should my fire goals be like? Is there a better place to keep things than the short term debt fund as a liquid investment?

hello,

is there a good independent wealth/portfolio/financial tracker tailored for india (with some overseas investments)? i was using perfios before. it sucked big time but now they have retired even that. INDmoney etc. are not "independent" - by independent, i mean something made by a company that isn't selling you financial products.

i'm looking for something that can update prices/NAVs/balances etc. automatically and also help with classifying the investment into different buckets (equity, debt, FD, etc., large/small cap. etc.) to help give a birds-eye view of the networth and also help with rebalancing.

thanks in advance!

FIRE has been on my mind every since I've started earning (which isn't very long ago). It seemed like an obvious thing to aim for when starting my career. Saving extensively, spending frugally, and finally retiring early. And I've done so as well.

When I started my career, I lived very frugally and was able to save 50 % of my salary. And eventually my salary increased and I kept my expenses the same. And now, I'm at a point where I'm able to save more than 95 % of my earning.

I'm 26, unmarried, living with my parents. I work from home in a IT company.

I help my parents out with their rent, pay electricity bill, and try to spend money here and there for groceries and going out. And the rest of the money gets invested into various instruments.

What I'd like to know from fellow FIRE aspirants or people who have already achieved FIRE is how can I start to LIVE instead of just surviving on bare minimum?

Has anyone here had to change their habit of being frugal?

Hello

I am 30 yr old, M, married and living in Bangalore, working as a software dev.

I have been working since 2016 and had saved some lakhs but spent almost all liquidity on house construction in my hometown in Delhi.

I moved back to Bangalore this year after getting married and have started saving again with a goal of FIRE at 45 or 50 at most.

I have been investing in stock market since 2017 but started taking it seriously since 2020.

I get in hand salary of around 2L after tax.

Savings + Investments + Expenses (as of June end, 2023)

Liquidity - 7L

PPF - 5.5L

NPS - 1.5L

Equity - 7L

MF - 2L

FD - 2L

LIC - 1L (which I will give to my parents once it matures next year)

Term Insurance - 1.5Cr (40K )

No real estate.

Monthly expense - 60K (split it 60-40 with my wife)

Don't have any ongoing loans.

Monthly plan -

Transferring 55K monthly to my secondary account which I will not touch till 45. Is it correct approach? or should I reduce that amount and increase equity share?

50K on Equity+SIP

6K in NPS

Transferring 60K to a joint account for household expenses and vacations (we do like to travel but tend to stay within means and not splurge).

No monthly contributions to PPF, transfer at the start of FY.

Leave rest in salary account for any other expense or emergency etc

Near Future Plans (2-3 Years) -

Buy a 2 BHK flat in Bangalore - never will buy something valued near or above 1Cr.

Buy a car - nothing luxury - something under 10L.

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For the above 2 things, wife will also contribute so not everything will be on me.

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Need help on how to take it from here.

From some website I calculated that a corpus of 6 cr would be enough to retire by 45. Is it possible?

I am afraid I haven't saved much and won't be able to meet my goal of FIRE at 45. What should I do to make it happen?

Maybe after 45 I will take up some freelance work or do some comfortable job, not sure.

Any guidance/help would be much appreciated !!!

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Thanks

I just realized, normal people enjoy life and have a certain lifestyle and then their main worry is to earn to match their lifestyle. Some people struggle to earn enough to match their lifestyle others earn enough but forget that they need to save for future also.

But FIRE aspirants, have it upside down. We focus only on earning and saving and forget that we also need to have fun and have a certain lifestyle.

I just realized that I have earned and saved enough now for my current lifestyle so I have reached the cut over of FI. But then I suddenly have a hollow feeling of unhappiness. It is like okay I have saved enough that I dont need to work anymore. But now what? It may be a bit linked to Maslows hierarchy. My aim was to just climb out of one level and I realized I just reached the next level, but now my needs are not about money and more money doesnt give me happiness. I never focussed on any hobbies and didnt have any ambition to achieve anything. So what now?

I am not really into travelling, buying stuff or anything like that. I mean I can do them on the side, but that is not my core. My core was always about making money. Now that doesnt interest me anymore, hence the feeling of hollowness and I need a new core.

I am curious if anybody else went through the same thing.

The backstory is captured in the below post .

https://www.reddit.com/r/FIREIndia/comments/13pjd3i/last\_mile\_to\_re\_suggestions\_comments\_please/?utm\_source=share&utm\_medium=web2x&context=3

Quick Summary -

43 M ( DISK ) working for 21 years , investing for 19 . Realized a couple of years back that FIRE is possible .

FI & RE targeted in 2024 at 35X .

Current situation -

Post the post , the date for RE was finalized for Sep 2024 .

This made it suddenly evident that its hardly 15 months to go .

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First reaction was Elation and a "Damn that’s within touching distance" ! Little did we realize what was to follow !

The 21 years until now have been pretty satisfying Professionally .

Post the realization of less than 15 months to RE though , its been like there has been a consistent burr under the saddle !

Its manifesting itself in many ways –

• Lack of interest in the long term plans at work ( do they really matter for me anymore ? )
• Also in the self Learning and the willingness or rather interest , to be a better professional .
• Significantly less patience with BS , office politics , empire building .
• Each day and week getting counted /marked down .

The above was contributing to a strong desire to “Impulse FIRE” !

Voice in the head on a Loop - “if 35 X is ok , why not 32.5 X ? Lets back our ability to plan and tighten as needed to make 32.5X work & walk way right now !“

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This was not a state that we want to be in and hence we have been trying a few things to snap out of it .

Things being Tried -

• Reminding ourselves for How much each week is translating to over the Retirement period & that this contributes not only monetarily but peace of mind over the entire period post RE .
• Periodic small vacations & breaks over this period .
• Focus on putting the colors in the picture of Life after Retirement .

A couple of them , we are already starting now .

• Focusing on the things from the professional career that we are likely to miss post RE .

This we heard from one of the podcasts of “2sidesofFI” and want to try for both the reasons .

Hopefully to make this period better by focusing on the bright side .

To try and have replacements for them from the post RE activities .

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Wanted to share where we are at with the group , as well as to hear your stories if you have been through such a phase .

Looking forward also to comments / suggestions / thoughts on the above .

Greetings everyone,

It’s been a few days since I have been wondering if there is a safe withdrawal rate researched/theorized for a perpetual portfolio. Why this idea came to my mind was, I see a lot of folks here post about swr of 2.5%, 3% etc regardless of the age or number of years in retirement. Firstly, is it fair to make assumption that 30x or 50x of expenses assuming perfect portfolio allocation and rebalancing is enough money for 30yo as well as a 50yo person to FI/RE? I get that we do not have the data to prove this but is it possible to have a mathematically deduce for best and worst case.

My husband and I, both 29, are currently working in IT outside India. We have so far put aside an emergency fund, created a 2 year FD for 16.5 Lakh and max out our yearly PPF contributions. Our plan is to return to India in 5-6 years. Also, as of now, we plan to be child-free. Hopefully, this gives you all some context.

We are able to put aside 4.25 Lakh monthly for savings. (Disclaimer: While we are blessed with well paying jobs, I hate mine and would love to quit well before 60 and husband's company is notorious for random lay-offs). Since we are still in our late 20s, we are trying to keep equity 65-70%. We are new to investing and below is our goal-based investment plan:

Goal 1: Retirement - Ideally I want to be done by 45. Husband may want to continue till 50.

Target Amount: 8 Cr

Time Horizon: 20-25 Yrs (Not flexible)

Current Monthly Contribution: 1,27,500

Once the house goal is reached and if we continue to be child-free, then we plan to increase our contribution to this. Of course, our income will go down once we move back to India.

Monthly Investment Plan:

S&P 500 - 42,500 (SIP through the local German trading platform, for international diversification and tax benefits compared to India)

ICICI Pru Equity & Debt Fund - 42,500 (Chose this aggressive hybrid fund over Nifty Next 50 for better returns. Is this too risky?)

ICICI Pru Nifty 50 Index - 42,500

Goal 2: House in Tier 1 City

Target Amount: 4 Cr

Time Horizon: 5-6 Yrs (Flexible)

Current Monthly Contribution: 2,55,000

Here we will need to take a loan. Long running big value loans are scary to me but this one is my husband's dream. I would not purchase a house where we need > 50% loan to cover our buying cost. At this point we may either buy something else at a lower value or push the goal by a few more years.

Monthly Investment Plan:

Gold ETF - 42,500 (SIP through the local German trading platform, for hedging and local tax benefits similar to RBI Sovereign Gold Bonds which NRIs can't invest in)

ICICI Pru Balanced Advantage Fund - 106250 (Should we consider an Index Fund instead? We looked at this primarily based on the dynamic asset allocation strategy which ET Money rallies behind)

ICICI Pru Multi Asset Fund - 106250 (Simply because our bank agent suggested this as a good option for the 3-5 year period.)

Goal 3: Car, Parents-related or Other Big Expenses

We currently have nothing planned here for the next 6-12 months. However, we would like to have access to this for any potential short term goals. We have so far accumulated almost 10 lakh here @ 42,500 per month. What is the best way to set aside this money?

Questions:

Is this too equity-heavy?

What would you do differently, esp, with regard to Goal 2?

Is this diverse enough?

I am sorry for this super long post. I would really appreciate any inputs as we are really worried about taking the first step in the fear of things going terribly wrong.

P.S. In case you are wondering, my KYC has only recently been completed with ICICI AMC and it was a terribly long hassle. Hence I am stuck with all ICICI MF/ETF options only. I do not have any other DEMAT accounts.