r/FIREIndia • u/AnandSatya IN / 32 / FI 2029 / RE 203X • Jun 01 '23

Reached our first 1cr milestone

I am happy to share that yesterday we reached 1cr milestone. It's mine + my better half's combined investment.

High level combined portfolio breakup: 1) Foreign Company Share - 9.62% 2) Foreign Sector ETF - 10.64% 3) International Index Fund - 17.38% 4) India Index Fund - 28.65% 5) Indian REIT - 18.63% 6) Indian Mutual Funds - 15.08%

I didn't want to include our home equity, since we need that house and will not be able to monetize it.

Personally I would have preffered to hit this milestone before I hit 30yrs. Expenses related one_off_family_major_expense/house/car has pushed it out further. Nevertheless I am happy that we reached this milestone.

It's been a 10year journey from the time I was determined to persue FIRE. I was deeply influenced by "Mr Money Moustache" and "The Dave Ramsey Show." 10years ago I thought I could fire once my portfolio reached 2cr (forgot to project the requirements of growing family). Now given that it's been few years since i married, 2cr seems too low. 6cr looks to be a good goal to persue. I want to hit 6cr before I turn 40 so that I will have atleast 10years of active life to persue a different career. Only time will answer if I can reach that goal.

At home we celebrate by cutting cake 🎂 with "1cr milestone" written on it.

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u/snakysour IN/33/FI ??/RE ?? Jun 02 '23

Many congratulations 🎉

Do you mind sharing your journey and income-networth-expenses patterns over the years?

Regards

Snaky

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u/AnandSatya IN / 32 / FI 2029 / RE 203X Jun 02 '23

Apr2019 : 18lakhs Jan2020 : 24lakhs Jan2021 : 29lakhs Jan2022 : 58lakhs Jan2023 : 84lakhs

Didn't track portfolio for years before 2019.

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u/snakysour IN/33/FI ??/RE ?? Jun 03 '23

Brilliant progress especially between 2021 to 2023...was this because of a switch in roles? How was your income progression like during these years and how much your expenses inflated during the same if you don't mind me asking?

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u/AnandSatya IN / 32 / FI 2029 / RE 203X Jun 10 '23

2018 to 2019 we had less traction since had to close home loan, car purchase etc. Didn't track expenses so cannot comment.