Personal info - 28M, Software Engineer in India, married, spouse will look for non-tech job.
Family - Couple in Tier 1 city, 3 dependents in Tier 3 city.
FIRE goal - 5 Cr by age 42 (subject to refinement).
Net worth - 1.01 Cr (Excluding RE which I will inherit).
Instrument
% of networth
xirr %
Direct Stock
5
20.1
Mutual fund
37 (All equity)
16.9
Company stock
33
20
FD
18
EPF
6
Crypto
1
8
Expenses:
Year
Income (post tax)
Savings rate
Notes
2016
1.9L
67.54
from July.
2017
6.67L
83.3
2018
6.53L
80.5
2019
8.3L
83.3
2020
10.3L
88.3
2021
23.4L
66.1
Switched Job. Large expense of a small home construction in native for rental yield)
2022
30.4L
90.2
2023
31L
66.6
Till Nov. Big expense - Marriage
Till 2019, I transfered remaining amount to mom. She put in FD and later used for home extension and large expenses. Expenses tracked only had mine and did not include family member expenses.
From 2019, I started stock and equity, I stopped sending money to mom directly and started paying all bills and grocery. Family members can have some misc expenses but negligible.
My Story:
I grown up amid my parents' separation in my grandparents' home. To fund for my needs and education, my mother started working in a private office, teaching me value of money and spend money only on needs.
When I started my journey, I was lucky that there are no family debt or medical expense or need to get into home loan early on. And for the jobs, which paid me more than what I would need.
With a frugal mindset, I embraced a modest lifestyle, maintaining a high savings rate. Initially aiming for 1 Cr by April 2024, I able to reach it early, thanks to the current bull run. If I think back, I have made lot of sub optimal decisions, (like I would have made more in mutual fund in case I stick to index funds) and learnt some lessons from those decisions. I am grateful for my current position.
Family - Couple in Tier 1 city, 3 dependents in Tier 3 city.
FIRE goal - 5 Cr by age 42 (subject to refinement).
Net worth - 1.01 Cr (Excluding RE which I will inherit).
Instrument
% of networth
xirr %
Direct Stock
5
20.1
Mutual fund
37 (All equity)
16.9
Company stock
33
20
FD
18
EPF
6
Crypto
1
8
Expenses:
Year
Income (post tax)
Savings rate
Notes
2016
1.9L
67.54
from July.
2017
6.67L
83.3
2018
6.53L
80.5
2019
8.3L
83.3
2020
10.3L
88.3
2021
23.4L
66.1
Switched Job. Large expense of a small home construction in native for rental yield)
2022
30.4L
90.2
2023
31L
66.6
Till Nov. Big expense - Marriage
Till 2019, I transfered remaining amount to mom. She put in FD and later used for home extension and large expenses. Expenses tracked only had mine and did not include family member expenses.
From 2019, I started stock and equity, I stopped sending money to mom directly and started paying all bills and grocery. Family members can have some misc expenses but negligible.
My Story:
I grown up amid my parents' separation in my grandparents' home. To fund for my needs and education, my mother started working in a private office, teaching me value of money and spend money only on needs.
When I started my journey, I was lucky that there are no family debt or medical expense or need to get into home loan early on. And for the jobs, which paid me more than what I would need.
With a frugal mindset, I embraced a modest lifestyle, maintaining a high savings rate. Initially aiming for 1 Cr by April 2024, I able to reach it early, thanks to the current bull run. If I think back, I have made lot of sub optimal decisions, (like I would have made more in mutual fund in case I stick to index funds) and learnt some lessons from those decisions. I am grateful for my current position.