therealtrent
New member
Hello All,
The FIREINDIA community is down, and hence posting here as a lot of people in this sub are also looking to achieve financial independence.
Had earlier made a post last year August'22 on the previous sub.
Current update:
Networth(Dec'23): 7.95 Cr
NW growth in table below over last 10 years and projected for next 5 years.
[sup]YE[/sup]
[sup]'13[/sup]
[sup]'14[/sup]
[sup]'15[/sup]
[sup]'16[/sup]
[sup]'17[/sup]
[sup]'18[/sup]
[sup]'19[/sup]
[sup]'20[/sup]
[sup]'21[/sup]
[sup]'22[/sup]
[sup]'23[/sup]
[sup]'24P[/sup]
[sup]'25P[/sup]
[sup]'27P[/sup]
[sup]'28P[/sup]
[sup]'29P[/sup]
[sup]NW(Cr[/sup] ) [sup].45[/sup] [sup].64[/sup] [sup].79[/sup] [sup]1.1[/sup] [sup]1.6[/sup] [sup]2.07[/sup] [sup]2.8[/sup] [sup]3.7[/sup] [sup]5.03[/sup] [sup]6.1[/sup] [sup]7.95[/sup] [sup]9.75[/sup] [sup]11.7[/sup] [sup]13.9[/sup] [sup]16.0[/sup] [sup]18.5[/sup]
Portfolio:
Myself(37) working in Europe currently staying with family. Wife(37) Homemaker, One kid(8), Expecting a new one soon.So, family of 4 with parents financially independent. May have some inheritance but not counting.Plan to RE by 2028-29 in India in a tier 2 city with around 18-20 Cr Overall.Planning 1.25 Cr each for kids(education, marriage etc) out of this and house 2 Cr and around 50 lacs as settling/maintenance/contingency budget totaling around 5 Cr.
FIRE Plan:
So, essentially RE with 13-15 Cr retirement corpus at age 42-43. Expenses estimated 20 lacs a year which should equate to fire corpus as 70X. Also, estimated passive income(RE, Dividend): 5 lacs out of this 20 lacs, so net withdrawal should be lesser than planned.During the FIRE years, plan to engage actively in stock market with some capital, without taking a lot of risks.
Open to questions/feedback. Thanks
The FIREINDIA community is down, and hence posting here as a lot of people in this sub are also looking to achieve financial independence.
Had earlier made a post last year August'22 on the previous sub.
Current update:
Networth(Dec'23): 7.95 Cr
NW growth in table below over last 10 years and projected for next 5 years.
[sup]YE[/sup]
[sup]'13[/sup]
[sup]'14[/sup]
[sup]'15[/sup]
[sup]'16[/sup]
[sup]'17[/sup]
[sup]'18[/sup]
[sup]'19[/sup]
[sup]'20[/sup]
[sup]'21[/sup]
[sup]'22[/sup]
[sup]'23[/sup]
[sup]'24P[/sup]
[sup]'25P[/sup]
[sup]'27P[/sup]
[sup]'28P[/sup]
[sup]'29P[/sup]
[sup]NW(Cr[/sup] ) [sup].45[/sup] [sup].64[/sup] [sup].79[/sup] [sup]1.1[/sup] [sup]1.6[/sup] [sup]2.07[/sup] [sup]2.8[/sup] [sup]3.7[/sup] [sup]5.03[/sup] [sup]6.1[/sup] [sup]7.95[/sup] [sup]9.75[/sup] [sup]11.7[/sup] [sup]13.9[/sup] [sup]16.0[/sup] [sup]18.5[/sup]
Portfolio:
- Equity: 4.5 Cr
- Domestic Eq: 3.5 Cr ( MF/Index F: 2.7 Cr, Direct Eq: 0.8 Cr)
- International Eq: 1 Cr (Index F: 0.4 Cr, Direct Eq: 0.6 Cr)
- Debt(FD, MF, PF etc): 2.2 Cr
- Gold: 0.3 Cr
- RE: 0.95 Cr
Myself(37) working in Europe currently staying with family. Wife(37) Homemaker, One kid(8), Expecting a new one soon.So, family of 4 with parents financially independent. May have some inheritance but not counting.Plan to RE by 2028-29 in India in a tier 2 city with around 18-20 Cr Overall.Planning 1.25 Cr each for kids(education, marriage etc) out of this and house 2 Cr and around 50 lacs as settling/maintenance/contingency budget totaling around 5 Cr.
FIRE Plan:
So, essentially RE with 13-15 Cr retirement corpus at age 42-43. Expenses estimated 20 lacs a year which should equate to fire corpus as 70X. Also, estimated passive income(RE, Dividend): 5 lacs out of this 20 lacs, so net withdrawal should be lesser than planned.During the FIRE years, plan to engage actively in stock market with some capital, without taking a lot of risks.
Open to questions/feedback. Thanks