CosmicRaccoon

FIRE at 30 now aiming for 10 crores

I've hit my FIRE goal of 1 crore! 😎 Most of my savings, around 90%, are in equity mutual funds, and the rest is in bank FDs, gold, and other stuff.

How did I do it? Well, half of it was from my regular salary savings, and the other half was a one-time receivable of 50 lakhs. Not expecting that kind of luck again, though. Right now, I'm saving about 1 lakh per month.

But lemme tell you, bro, it's not been easy. I've skipped eating out, going to movies, concerts, and pubs. I don't travel anymore. And I've decided not to get married or have kids because, let's be honest, FIRE is tough with a family.

Now, I need your advice. With my current savings rate, do you think reaching 10 crores is possible? What should I change to get there faster? Any tips would be awesome!

4mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

ZoomyTaco

IBM4mo

You mean to say you’re achieving FIRE at 1 crore corpus ???? 🫨🫨

JumpyTaco

Goldman Sachs4mo

Isn't 1Cr too less?

SillyBoba

NTT Data4mo

bhai kiske liye kama raha hai, sara paisa jo mehnat se save kiya hai, kaun lega ?? bad idea to not have family and kids. think again. the hardwork we are doing, we should take rewards and let the next generation also take reward

JazzyRaccoon

Toast4mo

no offense to anyone who wants to have a family but, why can't the answer to this question of "whom you are earning for" be "just for myself"?

I mean, when you've been grinding your ass off for ages, trying to get those marks in school, then trying to understand those brain tiring PCM concepts to get into IITs/NITs, and then again trying to get those CGPAs in college, studying 15-20 subjects to get a good placement, AND THEN AGAIN working 9-5 jobs to get the learning and work experience, all these while other privileged folks out there enjoying the shit out of their life for the whole time by travelling, going to clubs and concerts, buying expensive cloths, shoes, phones, watches etc.

They could do it because they had been provided with almost everything directly in their hand by their rich parents. There is very little compromise on their side to have a family. But for me, this cycle of sacrifices still won't end if I start a family. Even if I'm earning very well, there is actually a generational gap of wealth between me and folks out there. So, I either decide to have a family and build a life for them, or have that life for myself.

This is just my own opinion, and I don't expect any other person to relate to this.

ZoomyBanana

Meta4mo

Lol. I'm 43, having a total net worth of 6 Crore.
I do eat out, I've two kids. I do travel. I live a normal life.

DancingRaccoon

Stealth4mo

"One time receivable", it was from ESOPs ?

GoofyHamster

InMobi4mo

Is this a troll post? Why are you not living life for savings only mate?

Strike a balance else the money won't be worth it. R/FireIND and r/FIRE are good places where these are covered in multiple posts

FuzzyMarshmallow

Wipro4mo

Yes, very much possible. If you're getting 20% returns from current investments then your money will double every 3.5 years, so you can do the math of when you will reach 10cr

PrancingNoodle

Zopper4mo

And what are you planning to do with all these numbers. Think deeply then reply.

PrancingDumpling

Walmart4mo

Fire implies you're done working and retiring . Also at 1cr, good luck

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