28M, Net worth 8 cr, Target fatfire asap

Background:

I am 28M living in India with wife(non-working) and parents. My net worth is around 8 crores(invested across mutual funds, gold, FDs and crypto(only Bitcoin)). I had been making around 130k usd income since past 4 years by working remotely in India for US startup. Before that, I was software dev at faang for 2 years. My monthly expenses are around 70-80k per month. Although, I am fatfired based on monthly expense, I am living frugally but aiming 20 cr(in present terms) to live true fatfire life in India.

Problem:

Although I still have good income and Good net worth currently, the future is very uncertain. The main reason being I pivoted from general software development to crypto software development and crypto jobs are decreasing day by day and most of the companies are not willing to hire from India. So, I am not sure how should I pivot to new career in Software and look for lucrative opportunities with more pay in foreign countries.

My plan:

I am thinking to moving out of India(maybe europe or US) where there are good opportunities to make money and then return back to India. But there is no way for me to get those visas. So, I need to do masters there and I am not sure if that plan will be feasible. Need your inputs on this.

Need your inputs on following:

I need your input to analyze my plan and see if it's feasible and how hard will it be. Apart from that, I want your insights on what should I do to target high paying job and truly reach fatfire corpus. If you are living outside India and working as a dev, data scientist , ml or ai, it would be great if you can share some thoughts on which tech to pivot and will give good returns however hard is it to learn. I don't mind learning for 1-2 years without income as I have good enough corpus so I am trying to get into career path with very good upside.

Sorry for long post and thanks in advance.

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u/kaalbhairavaa — 5 days ago

How reliable is Projected net worth feature?

I am new user of Indmoney and it says that my projected net worth is around 10.4 cr after 10 years(2036). I want to understand how is this amount calculated and how reliable it is? Note: most of my investments is in Indian mutual funds and 10% gold.

u/kaalbhairavaa — 20 days ago

Few questions regarding gold biscuit

I purchased this gold biscuit few months back at price of 11.4 lakh for 100 grams. I want to keep it for long term investment.

Seeing biscuits from other posts which are very clean while this has some scratches as you can see on back, does it affect its selling value or authenticity in any way? I live in tier2 city and I didn't went to large showrooms but bought it from local jewellers.

Please help me out. I erased the number written on biscuit for privacy. Not sure what that number is.

u/kaalbhairavaa — 1 month ago

Is term insurance really necessary when you have enough corpus to retire?

Basically the title. I am 28M with wife and newborn child and this question bothers me. Is term insurance really necessary if my corpus is more than 50X (where X is annual expense)

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u/kaalbhairavaa — 1 month ago

Betting heavy on next 50 and midcap 150. Portfolio review/ Advises welcome

I am 28. Was saving money into FDs earlier but realized how equity helps in protecting wealth and multiplying it.

Following simple strategy: all new investments go to nifty next 50 index + nifty midcap 150 index. there are some small amounts in random funds because I was newbie earlier.

I have long term investment philosophy for more than 15+ years and have high risk appetite. Is this combo good or would you suggest to make changes or have better strategy?

Missed the US market rally and won't investing now by giving into fomo.

Thanks in advance.

u/kaalbhairavaa — 2 months ago