ZestyQuokka
ZestyQuokka

At your current financial status, how long can you go without your salary?

9mo ago
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MagicalBurrito
MagicalBurrito

Three years back, i did this social experiment. I had 30% in debt and 70% in equities. My projection was ,I will survive for another 5 years without any earning and let me pursue my passion. But once your money started diminishing fast, your level of confidence goes on toss. Within 7-8 months, I started earning again. All these calculations doesn’t work till the time every month you clock atleast something in your account. Fixed steady income is must for early retirement. It may be rental income or some other side income.

ZestyQuokka
ZestyQuokka

I agree. Last year, on paper I had 1 year of funds but by 4th month the anxiety kicked in bad.

MagicalBurrito
MagicalBurrito

Exactly and when you have family ,this gets double upwards.

GroovyBagel
GroovyBagel
SAP9mo

My target is to reach this month end (somehow) 🥹

BubblyBoba
BubblyBoba

+1

DerpyPotato
DerpyPotato

+1

ZippyMochi
ZippyMochi

As long as parents don't kick me out I'm sorted lol

WigglyPenguin
WigglyPenguin

~15 years at current expense (around 1lpm)

ZestyQuokka
ZestyQuokka

How have you divided your funds?

WigglyPenguin
WigglyPenguin

80% equity + 20% debt

QuirkyCupcake
QuirkyCupcake

This month end 😂

PrancingMuffin
PrancingMuffin

+1

FluffyPotato
FluffyPotato

+1

WobblyLlama
WobblyLlama

10-12 years

BouncyPickle
BouncyPickle

That’s almost FIRE

ZestyQuokka
ZestyQuokka

Bro whatttt!! Can you share your asset allocation

DancingPickle
DancingPickle
SAP9mo

You should’ve targeted a specific age group in your question @BiryaniEnthu.
I’m heavily invested in real estate and equities and won’t be able to go beyond 2 months without liquidation my assets.
But even if I stop investing today, my net worth will easily surpass $1 million in next 15 years.

ZestyQuokka
ZestyQuokka

Agreed but I see a lot of younger gen planned well on funds while older are still struggling. It was something I wasn't expecting

SparklyBanana
SparklyBanana

So your current valuation is nearly 1.5cr ? Had to spend 3 mins calculating it . Why couldn't you say that itself?

GigglyPickle
GigglyPickle

I hope that answers your question

Gif
BubblyPotato
BubblyPotato
Visa9mo

1 yr easy, but I also know it's not enough for my anxiety

BubblyPotato
BubblyPotato
Visa9mo

Only counting FD and bank acc

GroovyBanana
GroovyBanana

Apni to udhari ki jindagi hai

PerkyBoba
PerkyBoba

You are not alone buddy

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