Grapevine
Download
Personal Finance
Personal Finance
on
ZoomyBurrito
ZoomyBurrito
Stealth

Those who want to FIRE, what’s your plan?

By plan, I mean

  • After what networth you want to FIRE?
  • By what age you think you’ll achieve that Networth?
  • How are you going to build that networth?
  • What are you going to do after you FIRE?
11mo ago
Find out if you are being paid fairly.Download Grapevine
BouncyPickle
BouncyPickle
Stealth11mo

8 cr. have a kid
By 48-50 I want to retire and travel the world

WobblyNugget
WobblyNugget
Stealth11mo

Travelling is overrated. People influenced by instagram videos are mostly color graded to make it look really cool.

Travelling is not for everyone and mostly a tiring process. The videos we watch makes it look very easy.

JumpyMochi
JumpyMochi
Accenture11mo

I agree to some extent . Now i feel like going to places away from people, that too for a while , just for few day break. foreign vacation seems like waste of money, when we have a lot here in india.

ANYWAYS IT'S A Personal choice...

SparklyBagel
SparklyBagel
Stealth11mo

10 crore

  • current 7 crore
  • will reach there in 1 year
  • currently 37 yo and 1 kid
  • will focus on teaching, coaching and freelance consulting
PeppyBanana
PeppyBanana
Athenahealth11mo

How did you reach there? Earned in dollars 💵?

WigglyPenguin
WigglyPenguin
Stealth11mo

could you please tell us a bit about how you gained a corpus of 7cr till now ?

CosmicLlama
CosmicLlama
Stealth11mo

FIRE is the corporate equivalent of every kid's dream of becoming a fighter pilot.
For 99% of salaried employees it will never happen. It will happen at 58 or at 50 when they fire them and they cannot find an equivalent job.

WobblyNugget
WobblyNugget
NetApp11mo

I read that by 45 we can't work in IT

QuirkyMochi
QuirkyMochi
Nokia11mo

Surprised the low numbers being presented here. Sustaining a lifestyle with a corpus which lasts for a larger period of non earning years is very very costly. My calculations for retiring at 55 itself requires 14crs for 25 more yrs.

ZoomyCoconut
ZoomyCoconut
National Australia Bank11mo

Have tried calculating using swp?

JazzyPenguin
JazzyPenguin
Linkedin11mo

Care to share why you think it would take 14cr?

WigglyBanana
WigglyBanana
Stealth11mo

I don’t plan on retiring early specifically. But the goal is to make as much as 15Cr and then can pursue purely passion projects.

I think I’ll achieve this by 45. I’ll build that networth through ESOPs (I know 🤡)

QuirkyMuffin
QuirkyMuffin
Stealth11mo

Na, it makes sense. ESOPs in a good business which you helped build esp. if you had joined in when they were at the 50-100cr revenue range will get you your FIRE funds fast.

And this is even better if its a business in the so called boring fields like ITES and/or component manufacturing.

Because these firms start paying out dividends by the time they get to 500cr -1000cr which can happen in 5-10 years with a decent business plan.

So not only does your net worth increase you get goos dividends as well.

All of the above is my personal experience and basically my plan for FIRE.

WigglyBanana
WigglyBanana
Stealth11mo

Makes a lot of sense!

But traditional companies: how will you get in such a business early and have enough stake? Especially given I may not have experience expertise or connections

I’ve always thought of startups in this context

Discover more
Curated from across
Personal Finance
Personal Finance22mo

FIRE

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
Personal Finance
Personal Finance11mo

Finfluencers and their fuc*ed up logics

Ask those influncers whats will you do with your life after FIRE. Assuming target completed at 35yrs of age then what? And even after that what will you do with the money. Keep in bank or stocks to be passed on to "no one" after you or j...