FluffyHamster
FluffyHamster

Reached 6 cr net worth, no properties only MF , PPF,FDs etc. Have expenses 1.5 lakh per month.When can I retire or b not afraid to get fired

4mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
Round 1 by Grapevine
ZoomyMuffin
ZoomyMuffin

1.5L/mo is your expense before retirement. What would it be after? Some expenses are mostly tied to the job: Commute, servants, 3BHK near the office, Eating out, Travel to home city etc. For others, their expenses after retirement increase manifold with 10hr of daily free time not tied to a PC.

What would your case be?

FluffyHamster
FluffyHamster

I have rnough work to be done at home, full time mothers jobs

GroovyBoba
GroovyBoba

YoE?

FluffyHamster
FluffyHamster

13 years for me, 11 for my husband

FluffyHamster
FluffyHamster

1.5 Lakh includes rent, servants .Expenses on holiday , school fees may add 5 LPA separately. 6 cr is in FDs/ MFs/PPF .

WigglyDumpling
WigglyDumpling

Now. Retire now. Live remotely. Work remotely to your comfort.

SqueakyPanda
SqueakyPanda
Student4mo

Never take retirement & never be afraid to get fired

PrancingMochi
PrancingMochi
  1. Build a home in city ypu want to retire into . A decent one , dont over invest ,avoid metros shouldnt be a problem if you arent from a lawless north india village

  2. Do swp from 1 crore MF and 1 crore debt MF. Keep 2 year buffer . Contribute savings to debt MF so that eventually expenses are done via debt mf swp

ZoomyBanana
ZoomyBanana
Meta4mo

1.5L includes emi/rent?

SquishySushi
SquishySushi

Learn to trade iron condor strategy and make money off the time decay of options contract

ZestyMuffin
ZestyMuffin

Wondering how 6cr is distributed

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