betapilli Posted February 12, 2021 Report Share Posted February 12, 2021 Just now, Nimmakai said: ok me husband ni adigi ikada post chey, vintam Em adagaalanukuntunnav Quote Link to comment Share on other sites More sharing options...
betapilli Posted February 12, 2021 Report Share Posted February 12, 2021 Just now, Kootami said: ok, After achieving FIRE what he wants to do ? He wants to learn wood working, start a bakery and a few other things. Quote Link to comment Share on other sites More sharing options...
JustChill_Mama Posted February 12, 2021 Report Share Posted February 12, 2021 54 minutes ago, Nimmakai said: Earn more and invest better Could you please give me some investing ideas ...Oka 10K-15K USD. Konchem safe undevi Quote Link to comment Share on other sites More sharing options...
DummyVariable Posted February 12, 2021 Report Share Posted February 12, 2021 I can take voluntary retirement if I show medical proofs. Will get my salary for the rest of my life. Quote Link to comment Share on other sites More sharing options...
Kootami Posted February 12, 2021 Author Report Share Posted February 12, 2021 3 minutes ago, betapilli said: He wants to learn wood working, start a bakery and a few other things. whats his status now ? Quote Link to comment Share on other sites More sharing options...
Nimmakai Posted February 12, 2021 Report Share Posted February 12, 2021 Just now, Kootami said: whats his status now ? Quote Link to comment Share on other sites More sharing options...
Kootami Posted February 12, 2021 Author Report Share Posted February 12, 2021 1 minute ago, Nimmakai said: immigration status vayya nenu adigindi Quote Link to comment Share on other sites More sharing options...
betapilli Posted February 12, 2021 Report Share Posted February 12, 2021 4 minutes ago, Kootami said: whats his status now ? He says five more, but he is only half way there, with market conditions it's hard to say now. Quote Link to comment Share on other sites More sharing options...
Kootami Posted February 12, 2021 Author Report Share Posted February 12, 2021 Just now, betapilli said: He says five more, but he is only half way there, with market conditions it's hard to say now. cool , enni years aindi start chesi Quote Link to comment Share on other sites More sharing options...
betapilli Posted February 12, 2021 Report Share Posted February 12, 2021 5 minutes ago, Kootami said: cool , enni years aindi start chesi Maybe few years back, but I think he always had it in him even when we were in school. 1 Quote Link to comment Share on other sites More sharing options...
phatposts Posted February 12, 2021 Report Share Posted February 12, 2021 I started reading few years ago and after few days of reading I realized understanding the whole investment strategy is important but you should not try to over optimize and micro manager and HAVE TO start somewhere. Over a period of time I did several things which I am happy with - build a rainy day fund (do not invest this money), increased 401k contributions to max out even when employer did not match, set a number for household budget and try to live in that amount (i do not try to set individual budgets like food clothes etc.), whenever salary increases or get other income make sure majority of that goes into an investment. Definition of investment could mean different things to different people but choosing the correct instruments is key. IMO buying a 1C property in India and getting 30K rent is not an investment. Period!!! After a bit of reading and talking to few people this is what I am comfortable with and believe will help reach my goals 1. Maximize 401K - invest in a 40/40/20 model - 20 is bonds for security. 2. Max Backdoor Roth IRA (if your income is less than 90K PA - do this first before 401k) 3. Take life insurance - at least 1M 4. Invest a small portion of your net income (aka after tax) in the market. I just started using Betterment 5. Only after you do all the above, start investing in individual stocks. 6. Invest in real estate that gets rent to almost meet your commitments (mortgage, tax, insurance, maintenance, vacancy etc.) Ala cheppukuntu pote chala untayi. Make a list and start working towards each. Above are things I believe are essential for my FI. Your list can be different. Talk to fee only investment advisors. They charge you for consultation and help you with a path. They do not sell any products with fees. Get an investor policy statement and stick to your plan. I mentioned so many things which you may not be familiar with. If so, do not get intimidated. Just try to understand more and more thats all. Good luck! 2 Quote Link to comment Share on other sites More sharing options...
jambalhaatraja Posted February 12, 2021 Report Share Posted February 12, 2021 Contracting lo 401 K IRA and Roth IRA how to do. any idea As in contracting employer doesnt add to 401k 4 minutes ago, phatposts said: I started reading few years ago and after few days of reading I realized understanding the whole investment strategy is important but you should not try to over optimize and micro manager and HAVE TO start somewhere. Over a period of time I did several things which I am happy with - build a rainy day fund (do not invest this money), increased 401k contributions to max out even when employer did not match, set a number for household budget and try to live in that amount (i do not try to set individual budgets like food clothes etc.), whenever salary increases or get other income make sure majority of that goes into an investment. Definition of investment could mean different things to different people but choosing the correct instruments is key. IMO buying a 1C property in India and getting 30K rent is not an investment. Period!!! After a bit of reading and talking to few people this is what I am comfortable with and believe will help reach my goals 1. Maximize 401K - invest in a 40/40/20 model - 20 is bonds for security. 2. Max Backdoor Roth IRA (if your income is less than 90K PA - do this first before 401k) 3. Take life insurance - at least 1M 4. Invest a small portion of your net income (aka after tax) in the market. I just started using Betterment 5. Only after you do all the above, start investing in individual stocks. 6. Invest in real estate that gets rent to almost meet your commitments (mortgage, tax, insurance, maintenance, vacancy etc.) Ala cheppukuntu pote chala untayi. Make a list and start working towards each. Above are things I believe are essential for my FI. Your list can be different. Talk to fee only investment advisors. They charge you for consultation and help you with a path. They do not sell any products with fees. Get an investor policy statement and stick to your plan. I mentioned so many things which you may not be familiar with. If so, do not get intimidated. Just try to understand more and more thats all. Good luck! Quote Link to comment Share on other sites More sharing options...
Kootami Posted February 12, 2021 Author Report Share Posted February 12, 2021 4 minutes ago, phatposts said: I started reading few years ago and after few days of reading I realized understanding the whole investment strategy is important but you should not try to over optimize and micro manager and HAVE TO start somewhere. Over a period of time I did several things which I am happy with - build a rainy day fund (do not invest this money), increased 401k contributions to max out even when employer did not match, set a number for household budget and try to live in that amount (i do not try to set individual budgets like food clothes etc.), whenever salary increases or get other income make sure majority of that goes into an investment. Definition of investment could mean different things to different people but choosing the correct instruments is key. IMO buying a 1C property in India and getting 30K rent is not an investment. Period!!! After a bit of reading and talking to few people this is what I am comfortable with and believe will help reach my goals 1. Maximize 401K - invest in a 40/40/20 model - 20 is bonds for security. 2. Max Backdoor Roth IRA (if your income is less than 90K PA - do this first before 401k) 3. Take life insurance - at least 1M 4. Invest a small portion of your net income (aka after tax) in the market. I just started using Betterment 5. Only after you do all the above, start investing in individual stocks. 6. Invest in real estate that gets rent to almost meet your commitments (mortgage, tax, insurance, maintenance, vacancy etc.) Ala cheppukuntu pote chala untayi. Make a list and start working towards each. Above are things I believe are essential for my FI. Your list can be different. Talk to fee only investment advisors. They charge you for consultation and help you with a path. They do not sell any products with fees. Get an investor policy statement and stick to your plan. I mentioned so many things which you may not be familiar with. If so, do not get intimidated. Just try to understand more and more thats all. Good luck! 1C property gurinchi spot on . I have been Doing all this from last year, Thanks Dave Ramsey . But H1b contracting lo 401k antey employer istada ? Quote Link to comment Share on other sites More sharing options...
Anta Assamey Posted February 12, 2021 Report Share Posted February 12, 2021 1 hour ago, Kootami said: okavela financially independant aythey emchestav vayya ? what can a man do on h1b H1b meda em peekedi ledu ... GC vaste appudu peekachu .... Quote Link to comment Share on other sites More sharing options...
Kootami Posted February 12, 2021 Author Report Share Posted February 12, 2021 Just now, Anta Assamey said: H1b meda em peekedi ledu ... GC vaste appudu peekachu .... but paisal matram mast vastaye if we achive FIRE and still work Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.