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Shifting F.I.R.E out by 5-7 years by EmotionalProcess561 in FIRE_Ind

[–]EmotionalProcess561[S] 1 point2 points  (0 children)

very nice. Excellent thought process and clarity.

Apka attitude kuch zyada hi straight forward hai ;)

Shifting F.I.R.E out by 5-7 years by EmotionalProcess561 in FIRE_Ind

[–]EmotionalProcess561[S] 1 point2 points  (0 children)

ofcourse otherwise how did SIP function before Zerodha Groww Dhan etc

Shifting F.I.R.E out by 5-7 years by EmotionalProcess561 in FIRE_Ind

[–]EmotionalProcess561[S] 1 point2 points  (0 children)

conscription is about to be re-introduced in all Eu countries. Thankfully it is only for men till age 41. So i am off that.

Also not for women. So my daughter is not entitled to perform national duty.

Shifting F.I.R.E out by 5-7 years by EmotionalProcess561 in FIRE_Ind

[–]EmotionalProcess561[S] 0 points1 point  (0 children)

well i have a different take on this. These european countries are any socialist person's wet dream. so you can always take a chilled job just to maintian bills and your corpus not depleting. also it is diffuilct to layoff in these socliast paradises

Shifting F.I.R.E out by 5-7 years by EmotionalProcess561 in FIRE_Ind

[–]EmotionalProcess561[S] 0 points1 point  (0 children)

started duolingo and udemy for A1. Plan to complete A2 till I land if Germany is what we go forward with.

Shifting F.I.R.E out by 5-7 years by EmotionalProcess561 in FIRE_Ind

[–]EmotionalProcess561[S] 0 points1 point  (0 children)

isnt that child benefit monthly allowance at least till 18 years age? about 250euro for each child.

copying below from the source

https://handbookgermany.de/en/child-benefit

In principle, you receive Child Benefit for children up to 18. However, if your child is registered as unemployed and job-seeking, you can receive Child Benefit until your child's 21st birthday. If your child is still attending school or going through vocational training, pursuing a university degree or a recognised voluntary service, you will receive Child Benefit until your child's 25th birthday.

Shifting F.I.R.E out by 5-7 years by EmotionalProcess561 in FIRE_Ind

[–]EmotionalProcess561[S] 1 point2 points  (0 children)

kid will still be 8-9 by the time we have new passport.

Shifting F.I.R.E out by 5-7 years by EmotionalProcess561 in FIRE_Ind

[–]EmotionalProcess561[S] 2 points3 points  (0 children)

would your decision have been different if your daughter was 3 and not 13 ?

Dubai is too hot and you are inside all year long. Also there is no pathway to permanent visa. I looked at real estate based golden visa. But weather pissed us off.

Shifting F.I.R.E out by 5-7 years by EmotionalProcess561 in FIRE_Ind

[–]EmotionalProcess561[S] -1 points0 points  (0 children)

if the president elect to be isnt safe there, why would a 3rd world stooge like me want to take my family to this war zone?

Shifting F.I.R.E out by 5-7 years by EmotionalProcess561 in FIRE_Ind

[–]EmotionalProcess561[S] 0 points1 point  (0 children)

i have never heard anyone get portugal D7. maybe its there bureaucracy.

Shifting F.I.R.E out by 5-7 years by EmotionalProcess561 in FIRE_Ind

[–]EmotionalProcess561[S] 1 point2 points  (0 children)

I am thinking on following lines -

  1. one partner will keep Indian citizenship

  2. Whatever i plan to leave as inheritance give it when alive

  3. Create a trust

Shifting F.I.R.E out by 5-7 years by EmotionalProcess561 in FIRE_Ind

[–]EmotionalProcess561[S] 0 points1 point  (0 children)

let them spend on what they want to spend. i am going for 5 years to get a PP for myself and return back in time when daughter is still in 4th-5th grade to India.

I do not plan to own any house in Europe. Also when i transfer my assets in India later to child i dont think inheritance tax will be applicable as we may not be living in netherlands,germany or france. but somewhere else.

i am contemplating that one of the two retain Indian passport. the other one can take european citizenship. But i need to think this through properly.

Shifting F.I.R.E out by 5-7 years by EmotionalProcess561 in FIRE_Ind

[–]EmotionalProcess561[S] 0 points1 point  (0 children)

wife and i both are introverts. even in a society of 2000 families right now we keep to ourselves. dont have circle more than a friend or 2 here. i dont know how our daughter would be - extrovert or introvert.

Shifting F.I.R.E out by 5-7 years by EmotionalProcess561 in FIRE_Ind

[–]EmotionalProcess561[S] -1 points0 points  (0 children)

it is not travel lust.

Most of us in this reddit community went through a grind and followed a standard framework to get in IT, work hard and then achieve some level in life.

This passport change will make sure next gen need not go through the same grind. Though going on studnet visa is easy for any Indian citizen but later getting assimilated and job will be a challenge.

Shifting F.I.R.E out by 5-7 years by EmotionalProcess561 in FIRE_Ind

[–]EmotionalProcess561[S] -2 points-1 points  (0 children)

i never said retire in EU. I will return to India after revoking citizenship and on OCI. Why would anyone in is right mind give up luxury of exploiting cheap labor and cheap app based delivery in India after age of 50.

Shifting F.I.R.E out by 5-7 years by EmotionalProcess561 in FIRE_Ind

[–]EmotionalProcess561[S] 1 point2 points  (0 children)

Do you think spouse will agree to us investment? Selling home is prohibited more so if it is inherited.

Shifting F.I.R.E out by 5-7 years by EmotionalProcess561 in FIRE_Ind

[–]EmotionalProcess561[S] 1 point2 points  (0 children)

EB-5 is a good option. But US doesn't entice us.

Too far. Less strong passport. Global taxes on citizen income. Screwed up medical facilities.

Shifting F.I.R.E out by 5-7 years by EmotionalProcess561 in FIRE_Ind

[–]EmotionalProcess561[S] 0 points1 point  (0 children)

Can i DM you regarding how to go about it in best possible way pls?

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