DerpyDumpling
DerpyDumpling

3.5 lac to 4 lac passive income generating, can we stop working in corporate?

My wife and myself are working, with savings we bought some agriculture land and one small house for rental income purposes. Now we are getting 3.5 lacs fixed income from our assets. We do have another house to stay in my village. Planning to quit this IT job and will work on something else. Will it be a right decision?

Age: 34, wife :32 Combined CTC: 28 LPA Current role: Tech lead (Canada on site)

21d ago
5.2Kviews
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PrancingPancake
PrancingPancake
IBM21d

per month?

DerpyDumpling
DerpyDumpling
TCS21d

No brother, it is for Year.

PrancingPancake
PrancingPancake
IBM21d

isnt is less ? you guys are used to 28LPA life style 4.5LPA is like less than my salary of most freshers . It will hard to adjust i feel .

ZippyMochi
ZippyMochi

How much do you have in savings?

DerpyDumpling
DerpyDumpling
TCS21d

PF and stocks&MF it would be around 12 laks

DerpyNarwhal
DerpyNarwhal

Yes why not. It is always better to have peace of mind then some fancy role in IT.

DancingBagel
DancingBagel

Yes

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