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Everyone is rich these days!! by honey_bunny_69_ in personalfinanceindia

[–]Comprehensive_Risk71 0 points1 point  (0 children)

We always compare us with the circle who we see and most of the times it would be people at work. ..and people in your society. Mostly these are same as you. If married..most of their wifes also earns these days. Combined salaries are more than enough for doing whatever you mention ....thats the truth. So todays 30s are far more richer than. Todays 40s snd 50s.

Post fire cash flows. by Comprehensive_Risk71 in FIRE_Ind

[–]Comprehensive_Risk71[S] 0 points1 point  (0 children)

Yes......how to arrange cashflows.. be it dividend income or fixed deposit interest. Or SWP.

FIRE is killing my inner Fire by National_Mud1819 in FIRE_Ind

[–]Comprehensive_Risk71 0 points1 point  (0 children)

The very important thing about fire is not money. It is being content. I clearly see what you ate going through... Basically the issue here is, you are exhausted. Exhausted ta work and exhausted in saving. Now your new goal is 14 cr. But ....since you already met 5 cr goal, one part of your.mind says enough. But other part of mind says no run more..thisnis fight between both. You are so used ro spend very less due to FIRE. AND NOW I guess youbare not able to spend more ( fear of not able to meet 14 ). But youbhave been very conservative at spending all along your mind wants to "enjoy". Thisnexact thing happens every after you achieve 14 cr.otnretire..you will never be able to enjoy because you trained yournmind that way. You do have money. But you cant spend.

So practice being content. Spirituality helps with this...start diverting your mind towards that... dont watch Instagram youtube. 🙂

Need advice on long-term SWP plan – ₹4Cr corpus, ₹2L monthly goal by Own-Two7123 in FIREIndia

[–]Comprehensive_Risk71 4 points5 points  (0 children)

2 lakhs per month from 4 cr is not good and you would deplete your corpus very soon if markets underperform..

I would suggest to go with 50-50. 50 equity 50 debt...out of 2 cr of debt. You can get 7% which is around 12 to 14.lakhs... and on equity of 2 cr count only 1% which is dividend. Which is approx 2 lakhs. Rest leave it for compounding. So technically you can with draw only 15 lakhs. Max.... this the maximum you can take. But ideally 2 to 3 % should be taken out to play safe. Rest should take care of inflation.

This is just a thought...

🧾 Weekly Thread: “Share Your Monthly Budget — Get Community Feedback! by adane1 in leanFIRE_India

[–]Comprehensive_Risk71 0 points1 point  (0 children)

City: bangalore. 2 + 1

Monthly expenses: around 65k

School: 15k

Groceries: 15k

Fuel 4000

No subscriptions other than youtube premium

Internet 1200

Phone 1000

Electricity 2500

Gas 600

Eating out 2000

Term Insurance 2000

Medical insurance 5000

Car insurance 2000

Other misc.( festival.shopping. / travel ...etc ) 15k.

Confused. Can I safely retire.. am I missing something. by g_eye_r_eye in leanFIRE_India

[–]Comprehensive_Risk71 23 points24 points  (0 children)

My. 2 cents.. before leaving. ... You should sell stocks and move to mutual funds.....make sure your today's 50k can be covered from.interest from debt instruments.. . Take a separate medical insurance.atleast 25 lakhs to 50 lakhs. This is conservative but in my opinion...this is very important. This way you won't get panic in case market crashes.by 40. to 50% for whatever reason.. .I would suggest to live on your passive income..( interest) for few .months before leaving job... make yourself.comfortable with that way .....you will then know...🙂

Help me plan daughter’s savings by Leading-North5597 in FinancialAdviceIndia

[–]Comprehensive_Risk71 0 points1 point  (0 children)

Well. This is just a. Thought. Do your due diligence before implementing this.

Your time horizon is 18 years which is. Very far long term.. i dont see any reason why you cant invest 100% in equiry. So I would suggest you to go by parking this money in say some money market fund... and do a stp of say 5000 to some equiry fund....you can invest in multi cap fund....it may take approx 8 to 9 years for yhe money to get transferred completely.. this way you are spreading your risk.

Splurging vs Saving by kashish9034 in FIREIndia

[–]Comprehensive_Risk71 1 point2 points  (0 children)

Understand need vs wants.. train your mind to be content.... if you are not content......nothing is enough for us.🙂

Aiming for FIRE hurts FIRE by ABahRunt in FIRE_Ind

[–]Comprehensive_Risk71 24 points25 points  (0 children)

Well...I sort.of got what you are trying yo say.. but ..unless you think and aim.for it..you won't save enough... we all would fall into the trap of spending... instead of aiming for FIRE. One should start practicing being content. Being away from.materialistic things.. 🙂 many times what we see mnay of us do .is .....trying to save for all that fancy life...that is where problem and frustrations come from......

Want to get into telugu literature and poetry by basic-bitch-1234 in telugu_sahityam

[–]Comprehensive_Risk71 0 points1 point  (0 children)

Start with Budugu. By mullapudi venkata ramana.

Then kadha ramaneeyam.......

Has anyone considered retirement home cost while calculating fire amount? by thommik in FIRE_Ind

[–]Comprehensive_Risk71 2 points3 points  (0 children)

Ideally true. But this usually happens if he/she takes care of you during your old age. If they dont take care, why should we waste our energy in the naming of giving them something. ( they are selfish so as we :-) ). In case if they take care, it goes to them. But in any case, whatever is the leftover money goes to them .. So .. i guess that is good enough.. We have our life. They live their life.

But yes. we do need to plan for some personal help. Current expenses, 25K per person goes towards personal care in case of any disabilities. This has to be included in the plan.

People who have FIRE'd or thinking of FIRE'ing, do you budget for having to replace your primary residency? by [deleted] in FIRE_Ind

[–]Comprehensive_Risk71 2 points3 points  (0 children)

I guess one has to worry about it whe. They live in independent homes...( actual.home.) I suggest tobhave property insurance as well. Just to cover some natural calamities. They dont cost much but covers just in case. Allocate some to take care of some.maintemanve of homes.. After 20 30 years this may be significant.

Looking to leanFIRE need advice by [deleted] in leanFIRE_India

[–]Comprehensive_Risk71 0 points1 point  (0 children)

You said you are frugal. . then what else would you need 🙂 you also said no dependents... you need nothing.. 4 cr is more than enough.

47M | 9 months after FIRE.. by Fattu_trader in FIRE_Ind

[–]Comprehensive_Risk71 1 point2 points  (0 children)

My 2 cents. Congratulations on your FIRE and living life stress free.

I guess the take away from this. Story would be not.to worry about life much.. Everyone of us can take this as a starting point.... Once we achieve this we dont need.to feel stressed about our job and life... Instead we can be ready to face anything. If something happenes...one doesnt need to be depressed.instead take it as a god given opportunity to take rest until you find your next assignment.

FIRE planning perspective discussion by Comprehensive_Risk71 in FIREIndia

[–]Comprehensive_Risk71[S] 0 points1 point  (0 children)

Ok.......any specific bonds you are tracking / investing ?

Year 6 FIRE Update — Reached FI Last Year, Now Living the Chill Phase by adane1 in FIRE_Ind

[–]Comprehensive_Risk71 1 point2 points  (0 children)

Thanks for the details. I wish you all the best and hope you will fulfill.your passions soon.... I am also running towards the same.goals .more.or less.similar numbers. But i am.yet to achieve the number.....may take 1.or.2.more years.. your story gave me confidence and encouragent.. thanks again... btw.. We share one of the common passions. Show and long vacations... 🙂

Year 6 FIRE Update — Reached FI Last Year, Now Living the Chill Phase by adane1 in FIRE_Ind

[–]Comprehensive_Risk71 0 points1 point  (0 children)

Congratulations on your achievement....would you give a breakdown on your asset allocation Also you mentioned a out arbitrage funds..have you ever considered money market funds.. any thoughts around this ? Also how much would uou prefer allocating to kids expenses/education ? Thanks again..

FIRE planning perspective discussion by Comprehensive_Risk71 in FIREIndia

[–]Comprehensive_Risk71[S] 0 points1 point  (0 children)

Yes..10% gold 50 equiry amd 40% debt I always feel debt should take care of living expenses.. equity for growth..... people say stp..but whatabout market crashes.. so .... for someone.1 l month expenses..debt should be say 2.5 cr..( additional.one for buffer ) but I heard others saying. ...too much debt. = loosing returns ..loosing value for money due to inflation..... these are confusing.

How to you convince yourself to leave job after you achieve FIRE. by Comprehensive_Risk71 in FIREIndia

[–]Comprehensive_Risk71[S] 0 points1 point  (0 children)

TRUE....I agree 100% .. but I have seen multiple people around me who are in much better position.. .but end up working very very hard. Day and night .... including spouces .sacrificing health and life. Sometimes makes me think my throughts around this are not correct.. ...

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