What networth do you consider as ready for Financial Independence ( Not asking for Retirement ).

[Konebhar6]

I have decided not to do an IT job any more in 2-3 yrs. I need a liquid cash of 3million at least to take that decision. Then I started thinking of how I can make that. 
Job - Will take another 10 yrs, so no.

Business - I have good business plans and have great friends, but have seen many friendships and differences arise coz of money matters, so NO. 
Stock Market - Started thinking, is it possible? My earnings from market in the last 15 yrs is max 100-200k. So I decided to hone my skill. Now, I am 1/3 way into it. 

I do not want to retire but continue the new path I choose. 

Point is , if you manifest, you have a strong reason, you will automatically put in enough time and eventually succeed. Just dreaming is not enough. Find a path and pursue it. 

[nag]

14 hours ago, merrooi said:

What networth do you consider as ready for Financial Independence ( Not asking for Retirement ).

4 to 5 Million networth gives you financial independence (provided it is invested in risk free assets and generating enough cash)

[filmcritick]

7 minutes ago, Konebhar6 said:

I have decided not to do an IT job any more in 2-3 yrs. I need a liquid cash of 3million at least to take that decision. Then I started thinking of how I can make that. 
Job - Will take another 10 yrs, so no.

Business - I have good business plans and have great friends, but have seen many friendships and differences arise coz of money matters, so NO. 
Stock Market - Started thinking, is it possible? My earnings from market in the last 15 yrs is max 100-200k. So I decided to hone my skill. Now, I am 1/3 way into it. 

I do not want to retire but continue the new path I choose. 

Point is , if you manifest, you have a strong reason, you will automatically put in enough time and eventually succeed. Just dreaming is not enough. Find a path and pursue it. 

+11

I'm also on the same boat.  pretty good idea...Pls give some recommendations on getting out of 9-5 IT jobs? ..other than day trading in the stock Market

[Konebhar6]

7 minutes ago, filmcritick said:

+11

I'm also on the same boat.  pretty good idea...Pls give some recommendations on getting out of 9-5 IT jobs? ..other than day trading in the stock Market

I do investing and options swing/long term trading. Worked out pretty good for me.  Pick stocks that have good fundamentals, hone your technical skills to find the direction, buy options in that direction. You gotta understand Greeks, IV, Bullish/Bearish slowness, analyze data and then trade. 
I am putting together a model for myself to analyze this data and make decision making easy. Otherwise there are plenty of good subscriptions where you can make sense of the data like unisualwhales and TradingView. 

[Afdbuser123]

3 hours ago, Konebhar6 said:

I have decided not to do an IT job any more in 2-3 yrs. I need a liquid cash of 3million at least to take that decision. Then I started thinking of how I can make that. 
Job - Will take another 10 yrs, so no.

Business - I have good business plans and have great friends, but have seen many friendships and differences arise coz of money matters, so NO. 
Stock Market - Started thinking, is it possible? My earnings from market in the last 15 yrs is max 100-200k. So I decided to hone my skill. Now, I am 1/3 way into it. 

I do not want to retire but continue the new path I choose. 

Point is , if you manifest, you have a strong reason, you will automatically put in enough time and eventually succeed. Just dreaming is not enough. Find a path and pursue it. 

3 million in liquid cash? Do you mean 3 million in investments?

[merrooi]

wow this group is ultra rich

[AmayakapuAndhagadu]

25-30 ke janalu pothunaru

money ookate kadu health chala imp.

 

[Konebhar6]

21 minutes ago, Afdbuser123 said:

3 million in liquid cash? Do you mean 3 million in investments?

Like stock portfolio that contains cash too. Overall 3million $

[Teluguredu]

Depends on where you live.

 

[kevinUsa]

Few people in DB have more money than you think here. Just the thing: few people boast here, few don't.

 I I've seen people here in North America have dozens of acres of ancestral property worth over a shitload of money, but they can't even earn that in their lifetime, still living paycheck to paycheck.

[krishnaaa]

2 hours ago, AmayakapuAndhagadu said:

25-30 ke janalu pothunaru

money ookate kadu health chala imp.

 

Thats the reason people are thinking of retiring early.

[merrooi]

6 minutes ago, krishnaaa said:

Thats the reason people are thinking of retiring early.

Exactly. If you are accumulating till you die, what’s the purpose of accumulating and what if your investments are un manageable and clear for your kin?

Investments simplicity is also important not just the alpha.

[enigmatic]

 

7 hours ago, Konebhar6 said:

ou gotta understand Greeks, IV, Bullish/Bearish slowness, analyze data and then trade. 

would you mind sharing what books/blogs/youtube channels you are learning from?

[Pandubabu]

10 hours ago, krishnaaa said:

There you go. Being on single income is also wrong.

Its not an adventure if you putting in index funds.

Its an adventure or experiment by not putting in index funds.

good luck

[Pandubabu]

5 minutes ago, enigmatic said:

 

would you mind sharing what books/blogs/youtube channels you are learning from?

vadhu thammudu.