How much is needed to quit job

[tacobell fan]

7 hours ago, trent said:

@tacobell fan uncle la Manaki amaravati lo  20 acres vunte and Fremont lo restaurant vunte job maneyochu

Etakaram ayyipoyindhi middle class living neeku

[DrBeta]

4 hours ago, brahmin said:

$750k meeda us lo 7% roi iche avenues unnaya?  I doubt.  Pension funds safe game adutai.  2% Chala ekkuva $$ investments cheste.

https://money.cnn.com/2016/04/27/retirement/safe-retirement-investments/index.html

Lol never put all your eggs in the same basket. Savings lo yeste, ofcourse you're losing money, because you're not even making enough to counter inflation. Use the 4% rule to determine how much you need to retire depending on how much you think you will use per year and how much return on investment you expect. 

https://www.investopedia.com/terms/f/four-percent-rule.asp

If you are careful enough with your investments, you will get alteast 4% and if you know what you're doing you will get 7%. 

[AntheKada]

Depends on your age and goal and ambition

 

To sit on savings and do business ..you are not fit for business

[tacobell fan]

1 hour ago, DrBeta said:

Lol never put all your eggs in the same basket. Savings lo yeste, ofcourse you're losing money, because you're not even making enough to counter inflation. Use the 4% rule to determine how much you need to retire depending on how much you think you will use per year and how much return on investment you expect. 

https://www.investopedia.com/terms/f/four-percent-rule.asp

If you are careful enough with your investments, you will get alteast 4% and if you know what you're doing you will get 7%. 

S

[k2s]

$100M

[MobileMusic]

2.5 M - 3 M and fully paid house in the US to retire with financial freedom

[tacobell fan]

13 minutes ago, k2s said:

$100M

That’s too low to settle in Seattle 

[mettastar]

21 minutes ago, MobileMusic said:

2.5 M - 3 M and fully paid house in the US to retire with financial freedom

Lottery thagalalemo

[mettastar]

Middle class ni depression loki nettadaniki vesinattu undhi ee thread 😕

[mettastar]

Mammalni prashanthanga bathakanivvara ee dabbunnollu

[Peddayana]

6 million 55 thousand five hundred dollars and 22 cents

[MobileMusic]

56 minutes ago, mettastar said:

Lottery thagalalemo

If you have a balanced life and everything happening in a timely manner like education, marriage, career, kids, etc. and invest your earnings wisely, you can save up that much in IT by the time you retire or before you retire. I have seen a DBA retire "early" with a million dollar house in VA.

The question is - how many people have a balanced life and things happening in a timely manner in their lives? Some can't get married before 30 years age. Some are surrounded by useless/unproductive people who waste and suck away others' lives and for some others, their life is not in their control due to various responsibilities, commitments, liabilities, etc. The very successful people are mostly too old and not young (with a few exceptions like Zuckerberg who got lucky).

[mettastar]

23 minutes ago, MobileMusic said:

If you have a balanced life and everything happening in a timely manner like education, marriage, career, kids, etc. and invest your earnings wisely, you can save up that much in IT easily by the time you retire or much before you retire. I have seen a DBA retire early with a million dollar house in VA.

The question is - how many people have a balanced life and things happening in a timely manner in their lives? Some are surrounded by useless/unproductive people who waste others' lives. The very successful people are mostly too old and not young (with a few exceptions like Zuckerberg who got lucky).

[Bestguy]

4 hours ago, tacobell fan said:

Etakaram ayyipoyindhi middle class living neeku

neeku vunna land capital lo vuntee nenu US lo vundanu..India poyii kontha money tho organic farming chesukonta..

[DaVinci]

11 hours ago, meri_zindagi said:

How much money is needed in USA so that we can quit IT job and do something else for living.

and the same in India

Every week itlantidi oka thread padalsinde

As someone else has already mentioned.. it all depends on what you want to do next, the lifestyle you want, the responsibilities you have and things like that