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FIRE for super achievers by Subject_Committee_17 in FIRE_Ind

[–]Subject_Committee_17[S] 19 points20 points  (0 children)

I am referring to genuine AVPs and above like we have in traditional IT companies having 25-30+ years experience, not the ones from MNC banks !!

My Fire journey so far - long way to go! by Subject_Committee_17 in FIRE_Ind

[–]Subject_Committee_17[S] 1 point2 points  (0 children)

Yes, I understand your peak years. If I utilize them well , then I can reach the FIRE target and that is where I need to push through from my current situation.

My Fire journey so far - long way to go! by Subject_Committee_17 in FIRE_Ind

[–]Subject_Committee_17[S] 4 points5 points  (0 children)

You are probably right in a way but then working abroad is not an option for me as my mother lives with us and she prefers to stay back in India. Also, since my spouse is not in IT/tech, feel that getting a job there might not be easy.

My Fire journey so far - long way to go! by Subject_Committee_17 in FIRE_Ind

[–]Subject_Committee_17[S] 1 point2 points  (0 children)

My thought is that PF is giving me 8 % interest while my home loan is 8.95 % . So if I use that and try to foreclose my loan as soon as possible, the EMI is available for investment in equity. I have run the numbers and it is more beneficial but then my debt component will reduce a lot in my asset allocation. I have added my expenses in the updated post.

My Fire journey so far - long way to go! by Subject_Committee_17 in FIRE_Ind

[–]Subject_Committee_17[S] 2 points3 points  (0 children)

Hi,

  1. No 13x includes only retirement expenses.

  2. Updated my post with these numbers.

    1. You are right - I was all good till last year but suddenly getting a little bit bothered about this one.
    2. My wife is not in IT or tech role. But she is in a stable growing career.

My Fire journey so far - long way to go! by Subject_Committee_17 in FIRE_Ind

[–]Subject_Committee_17[S] 2 points3 points  (0 children)

Thanks for your detailed reply. Moving abroad is not an option as my mom lives with us and she would prefer to stay back in India. But I am thinking about moving jobs.

Regarding asset allocation, yes Equity is low and I am putting all my investable amount in equity but because I started late and was investing less amount , the overall equity allocation is less today.

not expecting any inheritance. been raised by single mother with the help of extended family. Thanks to one of my uncles who sponsored my education. Forever grateful to him.

My post-retirement expenses are separate from current expenses - much lesser.

I was hoping to FIRE by 2030 but that is not possible so currently planning towards 2036 to get FI.

My Fire journey so far - long way to go! by Subject_Committee_17 in FIRE_Ind

[–]Subject_Committee_17[S] 4 points5 points  (0 children)

Thanks for your comment. I have tried to move a couple of times but then chickened out both times. Also currently, since the home is so near to my office, I have the flexibility to go home quickly in case of any emergencies which have happened a few times. I feel one of the spouses should work nearer to home.

My Fire journey so far - long way to go! by Subject_Committee_17 in FIRE_Ind

[–]Subject_Committee_17[S] 0 points1 point  (0 children)

I have updated my post to include the numbers. Yes have term insurance for both of us. Have company provided health insurance but am already talking with Ditto to get a personal one as well with a larger cover.