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FluffyTaco
FluffyTaco
Swiggy

FIRE

For those who are planning for FIRE. Share your-

  1. FIRE net worth
  2. Target age to achieve FIRE
  3. Current age and YOE
  4. Current network
28mo ago
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9 min AI interview5 questions
Round 1 by Grapevine
SquishyBagel
SquishyBagel
Stealth28mo

No Fire have to work till possible

  1. Target: 8 cr
  2. Till i am able to work
  3. 31 , 9 YOE 4)10 lakh
CosmicPenguin
CosmicPenguin
Stealth28mo

How you have only 10L NW with 9yoe

SquishyBagel
SquishyBagel
Stealth28mo

I started my career with 22k and after around 6 years my salary was around 50k . Rent, Food and travelling home was major expenses. After 7.5 years i switched and salary increased so increasing savings now.

FluffyTaco
FluffyTaco
Swiggy28mo
  1. 10Cr
  2. 40
  3. 32, 10 YOE
  4. 3Cr
CosmicPenguin
CosmicPenguin
Stealth28mo

How are you planning to save 90+L per year???

FluffyTaco
FluffyTaco
Swiggy28mo

3Cr is invested and should become 5.5Cr base case by the time I am 40. Mix of FDs and Equity MFs. That leaves 3.5Cr to be saved over 9 years (rest will be covered by investing what we save incrementally) between me and my wife. We limit our spending to 1lac/month so 35-40lacs/year should get saved

PeppyBagel
PeppyBagel
UBS28mo
  1. 20 crore (incl house cost)
  2. 45
  3. 29, 8 YOE
  4. 38 lakhs
FluffyTaco
FluffyTaco
Swiggy28mo

38 lac is salary or networth?

PeppyBagel
PeppyBagel
UBS28mo

Net worth. I see you’re replying same thing on every comment. Why is that surprising?

BubblyCupcake
BubblyCupcake
Angel One28mo

100 CR 29 28, 5 Negative 10L loans Plan to get to FIRE: Watching Andrew Tate videos daily

FluffyTaco
FluffyTaco
Swiggy28mo

😹

SleepyNugget
SleepyNugget
Amazon28mo

Hahaha

JazzyPretzel
JazzyPretzel
Sharechat28mo

15 cr
45 27, 5 YOE 50L

FluffyTaco
FluffyTaco
Swiggy28mo

Current networth. And not salary.

JazzyPretzel
JazzyPretzel
Sharechat28mo

It’s current net worth. Lol. Bank account and stocks are running pretty slim

JazzyRaccoon
JazzyRaccoon
InMobi28mo

16 cr liquid
45
31 10 6.24 cr in home 1.4 existing loan, 60l equity

JazzyRaccoon
JazzyRaccoon
InMobi28mo

3cr inheritance, 1lpm passive

FluffyTaco
FluffyTaco
Swiggy28mo

Wow this is pretty good. So you have INR6.24Crore in value of house with 1.4Cr in debt. And another 60Lacs in Mutual funds and stocks? On top inheritance of 3Cr and 1Lac of rental income. No fd, cash etc?

QuirkyBoba
QuirkyBoba
Porter28mo

$2m usd 35
27 and 4 30lpa :/

FluffyTaco
FluffyTaco
Swiggy28mo

Current networth. And not salary.

QuirkyBoba
QuirkyBoba
Porter28mo

That’s my net worth 😖

ZippyKoala
ZippyKoala
Stealth28mo

10Cr 38-40 31, 8 YoE (Masters Grad) 2.1Cr ... Already pretty much FI in the sense that i take long breaks between jobs and dont ever have to "work" at places that don't motivate me or have challenges and learnings for me. And "RE" for me will likely still involve working in tech itself in bigger moonshots, not really interested in quitting and farming or staying at home and whatnot

FluffyTaco
FluffyTaco
Swiggy28mo

Superb. Are you a developer? Mind sharing current post tax take home and savings rate?

SquishyLlama
SquishyLlama
Acko28mo

What’d you do to get 2.1CR? ;)

FloatingDumpling
FloatingDumpling
Yellow.ai28mo
  1. 5Cr
  2. 40
  3. 30, 7
  4. 1.2 Cr
FluffyTaco
FluffyTaco
Swiggy28mo

You think 5Cr is enough to retire?

FloatingDumpling
FloatingDumpling
Yellow.ai28mo

Depends on what that 5Cr is invested in. I don't have a fancy lifestyle, I don't own a car and I plan on renting forever. I have adequate health cover and my parents aren't dependent on me.

FloatingWaffle
FloatingWaffle
Cisco28mo

Explain why 10/15 etc as a multiple of your planned expenses. Add some thoughts on: What about the education and life events of your kids?
What about replacement cars every decade or less?
How about health insurance and safety net for major illnesses post FIRE?
What about travel budgets post FIRE?
Add all as annual exp = X and state your absolute goal as nX.
PS: not in the FIRE game, just trying hard to stay employed. ;-)

GigglyNarwhal
GigglyNarwhal
Stealth28mo

I don't u understand why people want to retire early unless they hate their work.
I can code till my last breath. In love with computer since my dad built a PC on his own when I was 10 YO.

FloatingWaffle
FloatingWaffle
Cisco28mo

In short, you may want to work but jobs should be available post 45-50. Lots of youngsters who can do the same job for less.

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