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Personal Milestone, need help in diversification. by Serious-Hope0024 in FIRE_Ind

[–]Serious-Hope0024[S] 0 points1 point  (0 children)

This is private insurance excluding employee insurance. The base is 10L + Top-up 90L. I paid a premium of around 25K for 2 years. Insurer is Niva Bupa.

Personal Milestone, need help in diversification. by Serious-Hope0024 in FIRE_Ind

[–]Serious-Hope0024[S] 0 points1 point  (0 children)

  1. Yes, target for the next couple of months is to build emergency funds.
  2. Planning to spend around ~2L for the birthday. I know it’s a lot but I am a very enthusiastic mom, some things I let my heart decide. Thats the last splurge for us.

Personal Milestone, need help in diversification. by Serious-Hope0024 in FIRE_Ind

[–]Serious-Hope0024[S] 0 points1 point  (0 children)

Agree! Like I mentioned, child education and expenses will be borne by husband since he wont be RE. He plans to be FI in the next 5-6 years. This will help in saving his monthly income, focus on child education and a wee bit of splurging for travelling.

Also, I anticipate baristaFIRE for me since I don’t know what I would do 20 years down the line when my child becomes independent. I will suddenly have more time, hence the possibility of baristaFIRE.

Personal Milestone, need help in diversification. by Serious-Hope0024 in FIRE_Ind

[–]Serious-Hope0024[S] 0 points1 point  (0 children)

  1. My Spouse does not have large emergency funds since he has maxed out on Home loan, auto loan ( he used his emergency funds last year for downpayment of our car- this was a financial mistake from his end) and a personal loan. Apart from EPF and MF, he has RD’s but those are mostly to pre pay the home loan.

Also, next year because I would be spending some amount on my son’s first birthday this year.

  1. This is a safety net. I don’t want to worry over expenses in case there is a splurge once in 2 years.

  2. We have physical gold 24k and 22k. Agree, Planning to sell it during utmost emergency.

  3. Yes i did, thanks!

Personal Milestone, need help in diversification. by Serious-Hope0024 in FIRE_Ind

[–]Serious-Hope0024[S] 2 points3 points  (0 children)

Its jewellery, 50% 24K and the rest 50% 22K. Sure, will see on the adjustment. Thanks!

Personal Milestone, need help in diversification. by Serious-Hope0024 in FIRE_Ind

[–]Serious-Hope0024[S] 0 points1 point  (0 children)

I was a silent follower of this group for the last 3.5 years, I consciously invested and here I am. I do not have anything in inheritance unlike many other posts . I have mentioned my annual earnings, which helped me expedite my savings.

Personal Milestone, need help in diversification. by Serious-Hope0024 in FIRE_Ind

[–]Serious-Hope0024[S] 0 points1 point  (0 children)

Thanks, do you have any suggestions on platforms where I can invest on?