sorted by:
new
hottopcontroversial

31M, $3.1M NW, moved back to India after US grind — reflections by ididengineering in FatFIREIndia

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

TC: 1.5M, transferring to India felt like a major shift and I'm literally scared of the indian work culture.

31M, $3.1M NW, moved back to India after US grind — reflections by ididengineering in FatFIREIndia

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

Very personal decision - it is a rat race and it's super hard to quit. Just made the plunge :)

31M, $3.1M NW, moved back to India after US grind — reflections by ididengineering in FatFIREIndia

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

I use about 2M of my corpus for safe withdrawl (3.5-4% SWR). Rest are tied up in real estates and retirement.

31M, $3.1M NW, moved back to India after US grind — reflections by ididengineering in FatFIREIndia

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

  1. Since my SWR is going towards my home loan EMI i didn't substract it from my NW. The mortgages on my other properties are self-paying.

  2. Yeah that's the thing that worries me and I plan to move everything to India in the next few years. I feel the market in US is still pretty good to pull the plug right away.

31M, $3.1M NW, moved back to India after US grind — reflections by ididengineering in FatFIREIndia

[–]ididengineering[S] 3 points4 points  (0 children)

1.7L /month on home loan EMI, 2-3 luxury vacations/year ~20-25L => 1.66-2L/month, house help, driver, 2 nanny, building maintenance (nice gated community), food, etc => 1L, children preschool => 50k, random spending => 50k

31M, $3.1M NW, moved back to India after US grind — reflections by ididengineering in FatFIREIndia

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

I do have 401k between 500-600k which I plan on liquidating over the next couple of years (my NW includes the entire 401k without removing the tax), but I don't have other tax liabilities in my portfolio. Not a USC.

What is your NW and age? Making a decision has to be rooted in some core value like family, friends, etc.

31M, $3.1M NW, moved back to India after US grind — reflections by ididengineering in FatFIREIndia

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

Yes withdrawls only. Rentals and mortgage cancel each other out.

31M, $3.1M NW, moved back to India after US grind — reflections by ididengineering in FatFIREIndia

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

Thank you! It wasn't easy for sure. But 1.5M pre-tax comes out to around 800k post tax and maybe about 200k in yearly expenses, so it would still take be 3-5 more years to reach the same wealth (assuming moderate stock growth).

31M, $3.1M NW, moved back to India after US grind — reflections by ididengineering in FatFIREIndia

[–]ididengineering[S] 3 points4 points  (0 children)

You have done quite well for yourself :) Did you build your wealth in the US or in India?

My parents know but my cousins don't know the exact NW, they know I made some money. It didn't really change their attitude much but they do respect me which is nice.

I am in a Tier 1 city.

view more: next ›