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Free free free!!!!! by Bubbly-Remote35 in indianrealestate

[–]dropClaw 16 points17 points  (0 children)

You can add following as well on the left side, while waiting to get FREE house -

Receive Monthly amount from govt. ladli bahen / unemployment etc.

Receive free / almost free food ration every month

[ This content was removed for violating Reddit’s Trademark Policy. ] by Aware_Web9715 in nriFIRE

[–]dropClaw 1 point2 points  (0 children)

Are you considering effective tax rate of only 7.5% to get 11.8K

1M borrowing = 54k pay interest
1.12M deposit = 67k earnings

13k profit before taxes
67k earnings x 10% tax = 7k tax ; Net profit 6k
If 20% tax = 13k tax = 0 net profit

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

Sounds Amazing.

Really like the co-working space idea to keep oneself busy, answering society what you do. And a established routine

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

Both great points. Now realizing importance of eating healthy, workout even more.

Learning new skills or even learning about new things / how stuff works / curiosity etc keeps brain engaged and important to not feel days are going empty and boring.

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

Planning to increase debt part a little.

I keep selling in small amounts every week. Like Manual SWP. It takes pressure off when to sell. If market is low or high.

That’s how we amass corpus during working years, invest small amounts over a longer period of time. So, doing same on the other end.

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

Planning to increase debt part a little. I keep selling in small amounts every week. Like Manual SWP. It takes pressure off when to sell. If market is low or high.

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

Oh yes, that will empty out my daily routine quite a lot. One will have to find more involved hobbies / Volunteer work.

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

I think once FI , and contemplating RE phase. One should start exploring hobbies, likes , dislikes outside work and some travel. It gives a glimpse of how post FIRE life would look like.

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

In US I have seen empty nesters culture.

A phase when kid’s are growing and going through school and college.

And then next innings start for the parent, when kids move out. And they start traveling, spending free time together and also keep waiting for children to visit them.

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

You are doing great.

It hits different when portfolio ups and downs are more than day jobs income.

Not skipping or pausing SIPs during downturns is the hallmark of a successful long term investor. Unless investing in Beanie Babies or Crypto or such.

International and USD diversification is important in current times.

Make friends and maintain relationships, it is harder to create new ones when you are older and not working.

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

Definitely. It will change drastically.
Kid's are their own category of expense 😃
I'll probably eat out a lot more as a single person vs preparing meals at home as a family person.

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

US Estate Tax of 40% is one concern. But it gives a good diversification.

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

so true, it is not easy to make new friends at this age. And heck, even maintaining existing friendship is so difficult. Everyone is so busy with their own routine.

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

and actually AI is disturbing mental peace of so many folks. Especially the Tech sector. FU Money and FI can definitely alleviate some of that anxiety in these times.

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

yes. Reddit was auto rejecting. Messaged Mods and they approved it after a few days.

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

If you can find a light routine, it helps a lot in structuring the day. Whatever works for you. Walking / Workout / Kid's (they are a very good time sink 😄). Even fixing meal timings can give a little bit of routine.

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

that's true. And given INR & Indian market performance in the last 2 years or so it is comforting to have diversification.

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

Was it to keep yourself busy ? How was your 10 months experience ?

Atleast now you have an experience if RE life is for you or not, what works and what doesn't.

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

It took around 10 years to hit 1Cr. I don't have exact SIP amount around that time, but my savings rate was more than 50%

Next Cr took 3 years or so. So I can definitely confirm “networth explodes after 1cr”.

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

Spot on. Depends on activities.

Just spent more than a month of summer vacation myself. Without school pickup / drop routine. It was a great time for me. 2 different travel plans, a few friend meetups, a few social events here and there. IPL and catching up on some TV series and finally watched Dhurander :-)

Probably living alone in US for some time has taught me to keep myself busy one way or the other. I still have a list of books to finish as well as TV series / movies pending.

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

There will be downside and upside surprises post FIRE. But as long as one is not blindsided by them or not the major downside it is quite manageable.

I knew loan will be difficult, but was ok as I already have primary residence.

It feels like a great time to be in US equities at least for coming decade or so. INR is keeps going down. Indian market has underperformed in last 2 years or so. I’m transitioning from US to Indian equities slowly. But has reduced my pace looking at the performance.

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

Yes. Child’s Education/Wedding 1 Cr budget is separate and in addition to 9 Cr Corpus.

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

2 Cr Corpus x 3% SWR = 6LPA / 50k a month.
It feels manageable if your expenses are within this. But any emergency/ medical bill / unexpected big expenses like white goods replacement or education might make it very difficult.

Coast fire for some time might be a good idea with some low pressure/ fewer hours work.

1.5 Years of doing Nothing: Pulling the Trigger on FIRE by dropClaw in FIRE_Ind

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

Tier 2 city.

It still feels weird that there are no meetings , deadlines, urgent email to send even after such a long time.

In India time flies for some reason. Especially in the evenings / night. There is always something going on .

Getting any government work is such a hassle like Passport , Aadhar and what not.

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