You're 60 and retiring

You've lived most of your life working in corporate and living in tier 1 cities. You have a budget of 5 cr, which one would you choose ? And why ? Consider the facilities you'll get and sacrifices you'll have to make for each one

Good flat in a good society (tier 1)
Farm house in a small town
Banglow in tier 2/tier 3
313 votes26d left
3d ago9.6K views
Qwerty2398
Qwerty2398

The people who selected farm house in small town, Have not lived in a small town or a farm house. Life in small town/villages are completely different from cities. Many people assume the towns are just small cities with less people. Truth is far different. There is whole set of problems that come from life in smaller towns. Which can be handled only if you have either family/friends who have lived in that area for long. This single criteria will limit ones' choice to just 1 or 2 towns/villages.

People who have spent majority of thier life in cities/ people who didn't not have thier parents/G.Parents in villages, cannot live in villages/small towns. once the novelty factor fades, they will yearn to get back to city.

imp
imp

Not sure if it's true for all but for sure I've seen such cases where people fancies living in small towns but when they do they start criticising the small inconvenience like no blinkit

Hiddenbomber
Hiddenbomber

You are forgetting that maybe a lot more folks can go back to their kins and parents in a town. I would hypothesize that there are more immigrants to metros from small towns and inferior cities than literal villages.

Do note that >50% people in gv are in 20s, and I think 99.99% will be <60

imp
imp

I know, it's just a hypothetical scenario to understand how the majority thinks, I'm not 60 either.

Indusplateau
Indusplateau

In the next 10 years, Expect the top 30-40 cities to have large suburbs soon just like west.

iron_man
iron_man

If the budget is greater than 10 crores, then only consider tier 1 cities; otherwise, prefer tier 3 cities.

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RuddyEncirclement
RuddyEncirclementDeloitte5mo

How much do we need to retire?

Super frustrated with my job( love the money bit it sucks my peace of mind) . Have savings(combined me and my husband) of 5 cr(MF,FD,PF,ppf) . No assets. When can i leave this corporate slavery?

BiryaniEnthuEnthu
BiryaniEnthuEnthuFounder10mo

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?
Top comment
user

10 crore - current 7 crore - will reach there in 1 year - currently 37 yo and 1 kid - will focus on teachi...

Namkeen
NamkeenStealth14mo

Should I take a career break?

I’m from Tier 3 city, software engineer, 7 YoE. I work with great team member and they really love their work but I’m not that passionate. I take ownership of my work but don’t feel like I belong here. I’m not good in coding and SDET by ...

SalluBhai
SalluBhaiHealthy21mo

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
Gooner7
Gooner7Goldman Sachs5mo

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

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 compensati...

18K views
Top comment
user

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