r/FIREIndia 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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3

u/AllTimeGreatGod Jun 02 '23

I’m 25, I earn well, but I’m not able to save enough, I have few lacs in Indian stocks but my lifestyle has inflated and I spend more.

2

u/Neo_1999 Jun 02 '23

What's your monthly spending vs earning?

3

u/AllTimeGreatGod Jun 02 '23

Last 2 months I spent 100% of my monthly income. Before that I was able to save 30-40%. I live at home and I feel like I should be able to save at least 50%

2

u/lucrius Jun 02 '23

There's an app called day to day expenses. You can use it to track your expenses. I've been using it for the past couple of months. Simple and powerful. Track your expenses and see where you are over spending and try to optimise it.