What is your target saving number for you to be Financially Independent and freely pursue your hobbies.

The FAANG and unicorn employee salaries for even 2-7 YOE engineers is quite insane compared to the average Indian employee pay in other sectors of the economy. The average SDE2 at these companies makes 50+ lakhs per year in compensation (not “CTC” but real money) The average SDE3 makes 80+ lakhs which is frankly insane. What are you guys doing with all that money?

Hi all awesome people, I have been investing for 7 years now, since I started my job and below is the break down of my current SIPs: Category Fund Amount Small cap Nippon India Small Cap Fund 15000 ELSS Quant Tax Plan 7000 Flexi cap Parag Parikh Flexi Cap Fund 20000 Index ICICI Prudential Nifty Next 50 Index Fund 4000 Index Nippon India Nifty Midcap 150 Index Fund 3000 Index Nippon India ETF Nifty 50 BeES: Stock SIP 20000 Large & Mid cap Mirae Asset Emerging Bluechip Fund 11000 Multi cap Quant Active Fund 5000 Sector: Energy DSP Natural Resources & New Energy Fund 5000 Sector: Energy Tata Resources & Energy Fund 5000 Sector: Energy Nippon India Power & Infra Fund 5000 Global ICICI Prudential US Bluechip Equity 5000 Global Navi NASDAQ 100 Fund of Fund 3000 Global VOO-Vanguard S&P 500 ETF: Stock SIP 5000 Global VWO-Vanguard FTSE Emerging Markets ETF: Stock SIP 5000 Sector: Precious Metal Nippon India Gold Savings Fund 3000 Sector: Precious Metal Aditya Birla Sun Life Silver ETF 4000 Sector: Tech ICICI Prudential Technology Fund 5000 Value ICICI Prudential Value Discovery Fund Growth 8000 Total 138000 I had alot of diversification and had multiple active SIPs in same categories, I tried cutting them down based on some analysis. I have few questions: 1. Am I over diversified? I have mostly 1 active SIP now in each sector. 2. Few of categories like multi cap have negligible allocation, should I remove them or allocate more? 3. I am betting heavy on energy please help me decide 1 fund from above 3. 4. I have stopped SIP in a bunch of funds but DID NOT sell them. How do I rebalance existing funds, do I sell and rebuy and pay the tax and load or just keep it? I have other investments like emergency fund FD, liquid cash, gold and real estate. My only goal from MF is wealth creation and can with highly aggressive investment profile. Thanks in advance people.

How much do you plan to accumulate to retire and at what age? What kind of monthly income will let you retire peacefully?

Here is the break-up - Residential Plot we Just bought from our Indian Stock Selling - 90L Equity - 40L Crypto - 6L US Stocks - 26L Mutual Funds - 10L NPS and EPF - 22L Cash - 6L I have not factored in inheritance of about 1CR which will be passed on to us in a long time but I don't want to count that as mine I want to pass that to my son... As that will be his not mine! 3.5 year back I had a educational loan of 17L and my Wife had Equity of 17L so basically we were at 0 at that time... Nothing has changed at all for me... And I do not think even 10-20CR would change me too 😉 I am still a confused stupid... And will be forever ♾️ I have resigned from my current job as I was not satisfied.. I am looking out for more opportunities outside so that I can build the house with that money! Even with 2 CR I don't think I have achieved anything ... I have a long way to go from here ☺️

What is your retirement plan? I found 25X annual saving rule for developed economies where inflation is stable. Any thoughts on this?

[Serious Question] Folks who have been working from sometime now, how much savings/investments should one have in terms of their YOE/AGE. TIA. Absolute numbers are appreciable.

Hi everyone, The year end is here. It was a great year for my FIRE journey and I thought I'll share an update with you all. With few days left in 2023, I've crossed 2.65 CR in net worth after touching 2 CR in May this year. Here's the breakup: Direct shares: 1.7 CR (this was the major driver of growth), ELSS: 0.06 CR, Company shares: 0.06 CR, Real Estate: 0.4 CR (while it is between 42-45 now, keeping this unchanged from May), EPF: 0.34 CR (interest for last year kicked in), NPS: 0.06 CR (investing because I'm in 30% bracket, getting 14.8% xirr here), SGB: 0.03 CR The driver for growth has been a high saving rate. In 2023, i've added 29.5 lakhs in equity, about 2.5 lakhs every month. 6 lakhs in company shares (US listed). The EPF and NPS savings are on top of this. My target was to save 36 lakhs in equity overall, and it's done! Targeting the same for next year. I'm aiming to cross 2 CR in equity before July 24. Another change I did this year is that I've moved away from active advisory. I get the stock ideas from Twitter discussions, analyse them fundamentally and take bets based on the charts. I'm quite confident of my charting skills with max drawdown of 25-30% but upside of multiple x. I could capture 2-3 2x this year with sizable investment in them. I got this confidence after i could take my wife's account from 11 lakhs to 20 lakhs in about 2 years. While the next year can be a huge bull run if BJP wins, I'm still trying to diversify. I'm planning to add a real estate of about 75 lakhs by paying 10%. This will help me leverage as well. The rental yield is the property is approx 5% and calculations show that I'll have to only pay 40-45% of the EMI and rest will be covered through rent. This should bring my equity exposure down from the current 65% to less than 50%. In this I'm trying to diversify and leverage while not denting my current equity corpus. Suggestions welcome to make this FIRE journey better! Thanks!

For those who are planning for FIRE. Share your- 1) FIRE net worth 2) Target age to achieve FIRE 3) Current age and YOE 4) Current network

What are your net worth targets and goals by age? Here's mine: 25: 10L ✅ 30: 50L ✅ 35: 1.5 Cr 🟡 40: 3 Cr 🟡