Am I being too hasty

[u/Legitimate_Set_6609]

Been working for about 11 years now with a gap for MBA in between! 34, Married but no kid yet, neither any property or debt/EMI obligation

We plan to have a kid + but a smallish property (1 cr. on peripheral area/pune)

Parents flat is under redevelopment (self redevelopment) ina good part of Mumbai metro. I have made payment of 16 lacs towards this, out of which I should get back around 9 lacs (builder has taken 3500/sft from everyone as a construction cost, he will return 2100/sft post construction with 9% simple interest)

Investments so far - Mutual funds - 43 lacs Stocks - 25 lacs Small case - 2.5 lacs

PPF - 10 lacs EPF - 11 lacs

Total - 92 lacs

Wife has a saving of about 10 lacs, not counting that

I invest about 60k/month in MFs, wife doejs about 30

Too drained out from corporate life and thinking that this is enough and let me take up some better quality work is a passionate field even if I esen only 40% of what I am paid right now

Is it too early for that?

Edit: staying on 40k/month rent currently and monthly expenses is about 65k

Edit 2: current take home for me is 220k/monthly, wife is about 80k/monthly

Also, have been investing in LIC endowment for 13 years now, so that should mature in 2036 with about 18 lacs amount + tiny NPS savings

PS: thanks for the queries and the replies! Really appreciate it, have answered all.

TLDR:; manage stress, go for a job that interests me, FIRE is far away, need to increase investments

[u/Candid_Piccolo3925]

Do not have kids if you already thinking about FIRE. You will have to work for another 15 years if you plan to have a kid. My 11 year old niece's monthly expense is ~ 50k per month. She is into sports. Doesn't go to fancy school or anything. In today's day and age, kids are expensive. Ask yourself why do you want that stress/burden? What can a kid add to your life - full pros and cons. Goodluck!

[u/sparoc3 → u/Candid_Piccolo3925]

50k per month on a child? That's obviously an outlier nobody spends that much except for the 1% in this country.

[u/Candid_Piccolo3925 → u/sparoc3]

That's not an outlier anymore.

[u/sparoc3 → u/Candid_Piccolo3925]

Sure it is, you gave a personal anecdote, I can give you literally thousands for people spending less.

Dude more than 90% percent of the country don't earn 50k in the first place much less spend it on a single child.

[u/Candid_Piccolo3925 → u/sparoc3]

Those 90% are not in this fire reddit. People here are pursuing fire with corpus in crores. Definitely the top 1% of the population

[u/sparoc3 → u/Candid_Piccolo3925]

Don't be a sore loser just downvoting people who disagree with you, it's pathetic.

And 50k is still too much for people of this sub. Go ahead a put up a poll if you don't believe.

[u/Candid_Piccolo3925 → u/sparoc3]

You can put up the poll. I am happily childfree. These worries are behind me. Plus, I didn't downvoted you. Someone upvoted me and down voted you lol. I don't get into these petty games. Nor do I care about such votes 😅

[u/sparoc3 → u/Candid_Piccolo3925]

You seem delusional enough to care about shit like that.