Kudos to you!
Very few people are working towards FI in a planned out manner. 
Makes me realise I need to get planning this.

Product Marketing Manager

I see you taking out less money for fun & shopping there. Good going on your goal.

Software Developer

I'd say diversify this 10% with Gold and silver. Great going 💪🏽.

I would suggest stop sips and manually pour money during market crash into lump sum, that generates more returns

Android Engineer

Post tax 25 milta hoga sayd.. 
 And if you can save 15L per year.. 
 And you get roughly 10-12% return in total. You will be able to make only 3cr from now on..

Salary - 40L 
 Post tax - 30L 
 Home EMI - 15L (assumed you cover 50% over next 10year rest by your family) 
 Monthly expenses - 80k-100k 
  
 So currently you essentially have 50k-60k to play with. Future growth in salary needs to go aggressively in Equity. 
  
 Your current expenses seem to be 10L+ annually. For FI you need 40x (some say even 50x but can be much less if you can susbsidise by some part time job later as you are planning). So you need 3-4Cr as of today to be financially independent. But this number will grow with inflation so bear that in mind. 
  
 You seem to be on a good track (that home loan is an anchor but as always home is an emotional decision so it is what it is). If future salary growth is routed towards equity it should be manageable. 
  
 P.S: For equity I would advise only to use an index fund unless you know what you are doing.

Good going, that looks like a premium house?

Preface: I'm single and not looking to get married. I work at Blr but plan to retire in Hyd. Only want to achieve FI not looking to RE.  I currently earn 40 L (Nonengineering role). So, here is the...

Preface: I'm single and not looking to get married. I work at Blr but plan to retire in Hyd. Only want to achieve FI not looking to RE.

I currently earn ~40 L (Non-engineering role). So, here is the breakdown of what I have accumulated thus far -
Mutual funds - 25 lakhs (Invested 20)
Stocks (blue chip) - 8 lakhs (invested 5)
FDs - 20 lakhs
ELSS- 10L
House on EMI - Gonna cost me ~3Cr in next ~10 years. (My father is paying some and the flat is in a joint name)

Long term Monthly Expenses:
- Entertainment, subscriptions, internet: 5k
- Misc: 20k
- Groceries & other things house: 20k
- Food & Wine: 20k
- Gifts and Support to family: 30k

Net FI goal: the 3 Cr house and 3 Cr in savings. 
I plan to achieve FI in the next 10ish years. 

And for anyone new to investing, please start EARLY. Do a strong SIP if you don't understand anything else yet.

F(35) hoping to be FI by 2035. How does my planning look?

Product Designer

F(35) hoping to be FI by 2035. How does my planning look?- Grapevine

Welcome to Personal Finance's Private Community

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

FIRE

Product Manager

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

Net worths target and goals by age...

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

What is your retirement golden number

Investment Banking Associate

Product Owner

Welcome to Indian Startups's Private Community

How do you plan or diversify your investments if you have 1 crore  rupees?

Please suggest 🙏

Investment plan for 1Cr

Software Test - QA

What should be the savings number for FIRE?

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!

Crossed 2 CR and 2.5 CR in the same year

Project Manager

1. Real estate (invested value)
2. Liquid cash
3. Other Investments (invested value)

The wealth should not be inherited.

I'm 30. No house, 10L in cash and 5L in mutual funds. No inherited weath.

How much wealth have you created yourself?

Seeing the comment section,I realise I am broke.

Frontend Engineer

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?

FAANG & unicorn folks, what do you do with all that money?

Giving 34.2% directly and 18-28% indirectly to gormint. My biggest expenses by a country mile.

Security Engineer

Analyst

Okay, this post is not for any comparison but genuinely want to get insight on where do i stand in terms of saving among the corporate employees. 
I will go first. 
Age :28
NW : 65L

What's your net worth?

5.75 crore including flat . Not including car or jewellery. No loans or emis or debt of any kind . Age 41

Program Manager

Software Engineer

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.

Help gauge my portfolio

What is the biggest expense, how much do you save and how much do you invest

How much do you save per month?

I am 30M with 2 cr in savings (across portfolio, no RE, all liquid) If I keep up with this rate I will hit 8cr (~1M USD) by 2027. I am living with my parents, married, no kids yet. Want to move out. Should I buy a house (purely consumption) now or should I wait 4-5 more years get more savings (hit my 8cr target) and buy then? If so, I would be renting out for the next 4 years and assume I would also have a kid by then. 
What are you thoughts? Also buying city would be Chandigarh Tricity ( keen on Panchukula) 
If any of the folks here have knowledge about the property rate there that would be great.

Question for the finance planning folks

Consultant

what would be your ideal personal finance snapshot be like (please enter amouts/ranges):

1. stocks
2. mutual funds
3. Bank fd
4. value of house (for investment)
5. anything else?

imagine you 40

Digital Marketer

Welcome to Software Engineers's Private Community

City - Bangalore, both Software Engineers

My salary - 48LPA
Wife’s salary - 30LPA

In hand salary both - 4L per month
Yearly bonus - 8L

Monthly expense - 1L
Rent - 35k
Car EMI - 16k
Other expense - 50k

Investments -
Monthly SIP - 1L
Stocks - 50k

Remaining 1.5L saved in account for big investments and emergency 

Current assets and portfolio -
MF and stock - 20L
PF - 15L
Land value - 1.3Cr
Flat - 1.6Cr

Term insurance - 3 Cr
Health insurance - 10L

How am I doing financially and what can I improve?

Me reading it with 20k in savings account😅🤣

F(35) hoping to be FI by 2035. How does my planning look?

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