People with above 25Cr property in India

[CherryGaru]

43 minutes ago, DesiPokiri said:

I am telling in 2 tier towns only. You can’t retire with 10 cr

On what basis are you telling.. how much is needed to live in these 2 tier towns.

 Can you breakdown the expenses for retirees ? 

[kdapparao]

Any thing above 10cr is irrelevant in assets. 10cr - 100cr in non income generating assets is same life style try to convert your assets into income generating assets and relax. 

[DesiPokiri]

1 hour ago, CherryGaru said:

On what basis are you telling.. how much is needed to live in these 2 tier towns.

 Can you breakdown the expenses for retirees ? 

I am still single but I can try breaking down.

assume you have 2 kids, you don’t join them in schools of small towns. So assume international schools , 2 lakh per year per one kid on an average (am considering medium level international school not even oak ridge range).

2 kids - yearly fee of 3 lakhs which increases every year. (Total of 1 cr by 10th standard)

Intermediate  + Grandation + masters or international studies if they ask- Keeping aside 2 crores each. 
 

Your food and family living expenses - assume 50k if you are living in small town (for 30 years it would be 2crs)

functions, marriages, unexpected health expenses , family vennupotu losses sometimes etc- 5 crs life time.

there you go, total of 10crs. You should never stop working still. T

note- this is all considering you have home , car etc free of EMI

[DesiPokiri]

3 hours ago, kdapparao said:

Bongu 10cr property unte inka chalu.. you should have a paid off home and no emi tensions then just have income of about 2lakhs PM by what ever means.. all set in India.

 

comparision chesukunta pothe elon bezoz gallu kuda yeduatha ne unadali iga

You can never retire with 10cr after going back from usa to india. Period

[Android_Halwa]

25cr in assets in India cannot be compared with 300k per year pay in USD.

Its better to use the assets as a back up and take risk in USD. 
 

India la vunayi kada ani pothe, less than half time la a asthulu aviri ayipotayi…drag it as long as you can and enjoy the assets when you touch 50…before it, it’s risky.

[CherryGaru]

19 minutes ago, DesiPokiri said:

I am still single but I can try breaking down.

assume you have 2 kids, you don’t join them in schools of small towns. So assume international schools , 2 lakh per year per one kid on an average (am considering medium level international school not even oak ridge range).

2 kids - yearly fee of 3 lakhs which increases every year. (Total of 1 cr by 10th standard)

Intermediate  + Grandation + masters or international studies if they ask- Keeping aside 2 crores each. 
 

Your food and family living expenses - assume 50k if you are living in small town (for 30 years it would be 2crs)

functions, marriages, unexpected health expenses , family vennupotu losses sometimes etc- 5 crs life time.

there you go, total of 10crs. You should never stop working still. T

note- this is all considering you have home , car etc free of EMI

You are confusing retiring vs someone who is not married and going to have kids.

When you are retiring it means, you are above 50 yrs, and  kids no longer living with you and they are settled

-----------------------------------

Coming back to your calculations with kids, the expenses you mentioned, you are not going to spend all 10 crs in the first 3-5 years.. You are going to spend over the 15-20 years.. That means, if you already have 10 crores, your yearly investment returns will be 50-60 lakhs per year.. at 5-6% market return( usually it is 8-10%, if you take little more risk).. with 50-60 lakhs returns means 5-6 lakhs per month... Who will not be able to live with that kind of money in tier 2 city ??

 

 

[DesiPokiri]

35 minutes ago, CherryGaru said:

You are confusing retiring vs someone who is not married and going to have kids.

When you are retiring it means, you are above 50 yrs, and  kids no longer living with you and they are settled

-----------------------------------

Coming back to your calculations with kids, the expenses you mentioned, you are not going to spend all 10 crs in the first 3-5 years.. You are going to spend over the 15-20 years.. That means, if you already have 10 crores, your yearly investment returns will be 50-60 lakhs per year.. at 5-6% market return( usually it is 8-10%, if you take little more risk).. with 50-60 lakhs returns means 5-6 lakhs per month... Who will not be able to live with that kind of money in tier 2 city ??

 

 

I think you are confused about retirement concept. Retirement can be at any age, I know people who earned a lot and retired at 35s too. So it all depends.

coming to 50s, you can’t really know that you can live until the age of 50. If you suffer until 50 for your retirement hoping that you enjoy fruits of your hardships after 50, there is no point.

[krishnaaa]

8 hours ago, veerigadu said:

What peeking vayyas by staying here. You will never see/enjoy/transfer that money to vomerica. Your 3k savings per month is a tea spoon in the ocean. 

Go home. Get a maid. Spend time with parents and enjoy rich life there. 

vomerica is best.

Peace of mind....no pollution and better infrastructure.

In India, everything is polluted....air, water ,people etc

Most of my friends are in vomerica.

 

After being here for a long time, its easier to find like minded people here.

If we want like minded people in India, we have to be in nri bubble and send kids to International schools. Expensive....and lot of showoffs. No Thanks.

 

[kdapparao]

6 hours ago, DesiPokiri said:

I am still single but I can try breaking down.

assume you have 2 kids, you don’t join them in schools of small towns. So assume international schools , 2 lakh per year per one kid on an average (am considering medium level international school not even oak ridge range).

2 kids - yearly fee of 3 lakhs which increases every year. (Total of 1 cr by 10th standard)

Intermediate  + Grandation + masters or international studies if they ask- Keeping aside 2 crores each. 
 

Your food and family living expenses - assume 50k if you are living in small town (for 30 years it would be 2crs)

functions, marriages, unexpected health expenses , family vennupotu losses sometimes etc- 5 crs life time.

there you go, total of 10crs. You should never stop working still. T

note- this is all considering you have home , car etc free of EMI

Current asset value is 10 Cr adjust it according to inhalation at least year over year fr about 10-15%

[kdapparao]

5 hours ago, krishnaaa said:

vomerica is best.

Peace of mind....no pollution and better infrastructure.

In India, everything is polluted....air, water ,people etc

Most of my friends are in vomerica.

 

After being here for a long time, its easier to find like minded people here.

If we want like minded people in India, we have to be in nri bubble and send kids to International schools. Expensive....and lot of showoffs. No Thanks.

 

Things changed in India bro, you can find like minded people in India as well you don’t have to be in NRI bubble unless you want to be in the false prestige of being an America return… just mingle with the crowd get a home in decent gated community 

[CherryGaru]

11 hours ago, DesiPokiri said:

I think you are confused about retirement concept. Retirement can be at any age, I know people who earned a lot and retired at 35s too. So it all depends.

coming to 50s, you can’t really know that you can live until the age of 50. If you suffer until 50 for your retirement hoping that you enjoy fruits of your hardships after 50, there is no point.

Thats correct retiring can be at any time. 

But, 10 crores at 30 or 35 years is enough if you are not married and going to get married and have 2 kids

Coming back to your calculations with kids, you are not going to spend all 10 crs in the first 3-5 years.. You are going to spend over the 15-20 years.. That means, if you already have 10 crores, your yearly investment returns will be 50-60 lakhs per year to high 80 lakhs-1 cr.. at 5-6% market return( usually it is 8-10%, if you take little more risk).. that means means 5-6 lakhs per month to 8 to 10 lakhs per month

Who will not be able to live with that kind of money in tier 2 city ??

 

[Anta Assamey]

19 hours ago, veerigadu said:

What peeking vayyas by staying here. You will never see/enjoy/transfer that money to vomerica. Your 3k savings per month is a tea spoon in the ocean. 

Go home. Get a maid. Spend time with parents and enjoy rich life there. 

Eppudu back vellina avi akkade untayi kada... so no problem... Ikkada enjoy cheyyali ...

[DesiPokiri]

1 minute ago, CherryGaru said:

Thats correct retiring can be at any time. 

But, 10 crores at 30 or 35 years is enough if you are not married and going to get married and have 2 kids

Coming back to your calculations with kids, you are not going to spend all 10 crs in the first 3-5 years.. You are going to spend over the 15-20 years.. That means, if you already have 10 crores, your yearly investment returns will be 50-60 lakhs per year to high 80 lakhs-1 cr.. at 5-6% market return( usually it is 8-10%, if you take little more risk).. that means means 5-6 lakhs per month to 8 to 10 lakhs per month

Who will not be able to live with that kind of money in tier 2 city ??

 

Who will earn 10 crs cash or money in lifetime? It’s only in the form of assets, so how Will you invest assets and live? 

[CherryGaru]

13 hours ago, DesiPokiri said:

I am telling in 2 tier towns only. You can’t retire with 10 cr

I was just replying to what you said.. That, any one can retire in India tier 2 town, 'if you have' 10 cr already ..

If you don't have, then that is another story.

[Scurvy]

25cr vunte king lekka brathkochu india lo offcourse if you are want to maintain upper class lifestyle. Vacations ki india nunde manchiga vere countries povachu unilke ikkada visa tension and all.