karuvu Posted January 16 Report Posted January 16 I don’t get it FIRE endhuku asalu if you die suddenly You’ll lose all that money someone else is gonna enjoy that money most probably your bank if you don’t have any successors Quote
karuvu Posted January 16 Report Posted January 16 26 minutes ago, mettastar said: 1M ki 4% ante 40k ne kada vuncle .. 40k ki US lo etla bathukuthav vuncle .. single or married? Easy ga bathakochu if you cut out all the luxuries Quote
karuvu Posted January 16 Report Posted January 16 Just now, DuvvaAbbulu said: Fire means ? Financial independence retire early Quote
Android_Halwa Posted January 16 Report Posted January 16 3 minutes ago, karuvu said: I don’t get it FIRE endhuku asalu if you die suddenly You’ll lose all that money someone else is gonna enjoy that money most probably your bank if you don’t have any successors Pendalu vunnadi deniki mari ? 1 Quote
karuvu Posted January 16 Report Posted January 16 1 minute ago, Android_Halwa said: Pendalu vunnadi deniki mari ? They might get insurance money Quote
Popular Post 11_MohanReddy Posted January 16 Popular Post Report Posted January 16 8 minutes ago, karuvu said: I don’t get it FIRE endhuku asalu if you die suddenly You’ll lose all that money someone else is gonna enjoy that money most probably your bank if you don’t have any successors Same reason why some people want to stare at their wife on the weekends instead of working. 3 Quote
Pandubabu Posted January 16 Report Posted January 16 1 hour ago, Afdbuser123 said: Anyone seriously thinking about retiring early? What is the FIRE number you are targeting? 5 M Quote
k2s Posted January 16 Report Posted January 16 56 minutes ago, 11_MohanReddy said: If that is your aim you might end up working until 60 and decide you need more to spend on your kids and then work until 75. aithey adey cheddam ! Quote
krishnaaa Posted January 16 Report Posted January 16 1 hour ago, Afdbuser123 said: Anyone seriously thinking about retiring early? What is the FIRE number you are targeting? Eventhough FIRE means Financial Independence Retire Early, dont take it literally. Most people say FIRE but their focus is mainly on Financial Independence. They will still work on and off or few hours or evven 60 hours a week but on their passion. I can say that I already FIREd as I dont do much in job. But I spend lot of time on stock market. Quote
Chittoorodu Posted January 16 Report Posted January 16 1 hour ago, 11_MohanReddy said: I keep prolonging my number. I used to think $750k was enough, later $1M, later $1.5M so on. Honestly you need to find a location to settle down where you can reduce expenses to 4% and you should be good. I am 38 DINK. DINK is the best way to FIRE early, but unfortunately not an option for most. If you are to retire in India in the next 5 years, its definitely a min of $1mn. But if you are in the US - that number fluctuates a lot. Quote
KaipuRaja Posted January 16 Report Posted January 16 1 hour ago, karuvu said: DINK ante? Dual income no kids Quote
karuvu Posted January 16 Report Posted January 16 Just now, KaipuRaja said: Dual income no kids Yep he mentioned already Quote
11_MohanReddy Posted January 16 Report Posted January 16 17 minutes ago, Chittoorodu said: DINK is the best way to FIRE early, but unfortunately not an option for most. If you are to retire in India in the next 5 years, its definitely a min of $1mn. But if you are in the US - that number fluctuates a lot. The number depends on your location. Wherever you can bring your expenses to 4% of your NW. I am planning to retire by 40, but my wife might keep working. Quote
krishnaaa Posted January 16 Report Posted January 16 17 minutes ago, Chittoorodu said: DINK is the best way to FIRE early, but unfortunately not an option for most. If you are to retire in India in the next 5 years, its definitely a min of $1mn. But if you are in the US - that number fluctuates a lot. Problem with US is that even if you have 100 mil, what will you do? You will get bored and get back to job as walmart greeter 😂 US is a good place to work and earn money...not for retirement. 1 Quote
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