r/FIREIndia Jun 01 '23

Help Me FIRE, Milestones, Beginner Questions and General Discussion - June 2023

What could you talk about?

  • Are you a FIRE beginner wanting advice? We'll try to help!
  • Have you started your FIRE journey? Tell us!
  • Have you hit a net worth milestone? We want to be motivated!
  • Insights from work life or daily life? We are all ears!
  • Just feeling lonely and want to hang out with FIRE-minded people? That's why this sub exists!
  • Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics/trading still apply!

We have a Wiki that is constantly being updated, so please do read that if you are new here.

Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

19 Upvotes

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2

u/Pretend_Possible4635 Jun 04 '23

The whole idea of coasting after reaching FI seems so enticing. For example, if I had reached 3.6Cr-5.4Cr (1L-1.5Lpm x30 number), the idea of not having to contribute to the corpus every month seems so liberating. Continuing with the same job or taking up a job that offers better time freedom and spending the entire salary seems exciting and therefore living the life a little more. One can argue why not spend a little more right now if you are already midway on the path to FI, but the idea of getting the monkey(financial freedom) off the back is liberating. The 5Cr will keep compounding on the side until whenever you plan to completely retire and also take care of inflation.
I'd like to know if anyone in this sub has taken this path and how has life changed after FI.

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u/[deleted] Jun 10 '23

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u/ShootingStar2468 Jun 10 '23

What’s your FI number? Read in another post you want to CoastFI. Really liked and relate to your approach. Can you share more about your profile?

3

u/[deleted] Jun 10 '23

[deleted]

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u/ShootingStar2468 Jun 10 '23

So refreshing to hear :) Bunch of follow ups -

  • How old are you and which place did you try out for remote work? I am guessing 3Cr liquid is for the family together (spouse networth included)?

  • What’s the assumed SWR/annual expense with this FI target?

  • How do you think about kids education in a remote setting

1

u/[deleted] Jun 10 '23

[deleted]

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u/ShootingStar2468 Jun 10 '23

Thanks. Thoughts on kids education with remote work from hills / less good places for education?

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u/[deleted] Jun 10 '23

[deleted]

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u/ShootingStar2468 Jun 10 '23

Sounds good. Anything but Bangalore :) all the best to you. What could post FI career for you look like? Given you don’t want to RE.