F.I.R.E

[11_MohanReddy]

4 minutes ago, krishnaaa said:

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.

Why do you say that?

[krishnaaa]

8 minutes ago, 11_MohanReddy said:

Why do you say that?

why? Don't you think so?

[11_MohanReddy]

3 minutes ago, krishnaaa said:

why? Don't you think so?

I am planning to retire in the US. I haven't thought about moving anywhere else. I can think of ample things to do after retirement but I have a boring lifestyle in comparison to most people. 

[Chittoorodu]

13 minutes ago, krishnaaa said:

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.

Thats true but, i know a couple who moved to a LCOL city (Condo) which they Airbnb - and has lived there only for 2 months for the entirety of 2023. They were mostly in vietnam & indonesia chilling.
 

[Chittoorodu]

3 minutes ago, Chittoorodu said:

Thats true but, i know a couple who moved to a LCOL city (Condo) which they Airbnb - and has lived there only for 2 months for the entirety of 2023. They were mostly in vietnam & indonesia chilling.
 

This is what my go would be to, if i get to FIRE as planned.

Move to european country with universal healthcare & chill lifestyle. Just keep expenses minimal and enjoy till it lasts.

Im still planning to have super passive income - Dividends or STR something of that sorts.

[Gaali_Gottam_Govinda]

US is the worst to retire with cost of living...... I don't how any NRI person(With less than $5M retirement savings) would want to retire here without a job......  $10K/month min is required in US to have the same lifestyle of $2K/Month in Hyd. 

Before 2020 konchem undedi US lo manchi cheap seaside place lo retire avvali ani now the costs are ridiculous..... Poor and middle class Americans are screwed, they will have to work till their last breath to just live

[Galactus]

yeah, I mostly concentrate on the F.I part as I assume that even if I have the F.I I would continue to work in some capacity (may be a chill job like scrum master or some other bokadio job where I don't have to do sh*t)

For F.I, it depends on where you want to retire

U.S aithe the number could be in millions

India aithe I think a decent number to target could be 2M $ for a Tier 1 city like Bengaluru or Hyderabad.

Assuming your return is around 4% that will give you around 80k which could be 70 lakhs in Indian rupees and is an awesome amount.

Tier 2 or 3 cities aithe it could be much less and you can be chill with < 1M$ in India. 

Still, I would prefer to do some chill 2-3 hour daily job just to keep my mind active, take vacations and enjoy with family rather than retiring early. I feel we would get bored quickly in a few months if we retire. 2-3 weeks vacations unte ne super boring and repetitive avutundi life so R.E as a concept is fine if you want to explore some hobby or do something else other than IT but doing nothing will probably make you bored eventually

 

[karuvu]

37 minutes ago, krishnaaa said:

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.

lol 😂 so you wanna retire in India breathing air pollution with criminal gangs all around like the ones who stabbed saif Ali khan recently 

[karuvu]

4 minutes ago, Galactus said:

yeah, I mostly concentrate on the F.I part as I assume that even if I have the F.I I would continue to work in some capacity (may be a chill job like scrum master or some other bokadio job where I don't have to do sh*t)

For F.I, it depends on where you want to retire

U.S aithe the number could be in millions

India aithe I think a decent number to target could be 2M $ for a Tier 1 city like Bengaluru or Hyderabad.

Assuming your return is around 4% that will give you around 80k which could be 70 lakhs in Indian rupees and is an awesome amount.

Tier 2 or 3 cities aithe it could be much less and you can be chill with < 1M$ in India. 

Still, I would prefer to do some chill 2-3 hour daily job just to keep my mind active, take vacations and enjoy with family rather than retiring early. I feel we would get bored quickly in a few months if we retire. 2-3 weeks vacations unte ne super boring and repetitive avutundi life so R.E as a concept is fine if you want to explore some hobby or do something else other than IT but doing nothing will probably make you bored eventually

 

India lo everyone everything robs you till your last drop of blood 🩸 

[tables]

4 minutes ago, Galactus said:

yeah, I mostly concentrate on the F.I part as I assume that even if I have the F.I I would continue to work in some capacity (may be a chill job like scrum master or some other bokadio job where I don't have to do sh*t)

For F.I, it depends on where you want to retire

U.S aithe the number could be in millions

India aithe I think a decent number to target could be 2M $ for a Tier 1 city like Bengaluru or Hyderabad.

Assuming your return is around 4% that will give you around 80k which could be 70 lakhs in Indian rupees and is an awesome amount.

Tier 2 or 3 cities aithe it could be much less and you can be chill with < 1M$ in India. 

Still, I would prefer to do some chill 2-3 hour daily job just to keep my mind active, take vacations and enjoy with family rather than retiring early. I feel we would get bored quickly in a few months if we retire. 2-3 weeks vacations unte ne super boring and repetitive avutundi life so R.E as a concept is fine if you want to explore some hobby or do something else other than IT but doing nothing will probably make you bored eventually

 

What about kids? Do you want to raise them in india?

[11_MohanReddy]

7 minutes ago, Gaali_Gottam_Govinda said:

US is the worst to retire with cost of living...... I don't how any NRI person(With less than $5M retirement savings) would want to retire here without a job......  $10K/month min is required in US to have the same lifestyle of $2K/Month in Hyd. 

Before 2020 konchem undedi US lo manchi cheap seaside place lo retire avvali ani now the costs are ridiculous..... Poor and middle class Americans are screwed, they will have to work till their last breath to just live

I don't know how most people feel about this number, but I live in the most expensive place to live in (Bay area) and my monthly expenses are not more than $5K/month and this is through COVID. I think if I move to LCOL, $5K/month will be more than enough even without a job. $5K/month is $60k. $60k*25=1.5M. I think $1.5-2M will be more than enough to FIRE. If you want to do a job for insurance, that is optional. 

[karuvu]

4 minutes ago, 11_MohanReddy said:

I don't know how most people feel about this number, but I live in the most expensive place to live in (Bay area) and my monthly expenses are not more than $5K/month and this is through COVID. I think if I move to LCOL, $5K/month will be more than enough even without a job. $5K/month is $60k. $60k*25=1.5M. I think $1.5-2M will be more than enough to FIRE. If you want to do a job for insurance, that is optional. 

LCOL??

[11_MohanReddy]

Just now, karuvu said:

LCOL??

Low cost of living 

[Jatka Bandi]

2 hours 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. 

I think you are missing out on reaching financial independence baa. Try TINK. It rocks and the new thing for pookies.

[Poonam]

9 hours 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 

correct ga chepparu. recent incident vinnanu maaku telsina okayana 2 weeks back india trip vellaru, shabarimalai darshananiki. Return lo accident ayyi 5 days ki chanipoyaru. US ki return ticket kooda undi. US lo manchi job, wife kids, own house, only son to his parents. ye money em chesindi. Karma ela untadoo cheppalem.

ala ani financial security lekunda kooda undalem but too much thinking kooda waste anipinchindi ee incident vingane. 2 days nunchi ade mind lo trigger avuthundi. death eppudu ye rupamlo vasthadoo teleedu.