Recently one of older company got listed and finally got my esops liquid. This pushed my NW > 1Cr
Stocks: 47L
US Stocks: 3.6L
RSUs: 8L
PF: 15L
MF = 15L
Cash/Savings Account: 17L
This doesn't include my wife's NW and savings, just mine.
Finally I do feel slightly secure to plan for a child... thoughts
My story -
How it all began - https://www.reddit.com/r/FIRE_Ind/comments/1qztbsd/finally_fired/
6 Months update - https://www.reddit.com/r/FIRE_Ind/comments/1u9su32/6_months_of_fire_free_to_let_my_family_take/
Now its 9 months - did a small consulting work with a product company and i hated it. I was trying my hands on consulting, but appears iam getting lazy day by day - Do i enjoy this time? well as i had mentioned before i had prepared for layoff quite a few months back since the office announcement meeting and one might say i had prepared well ;). Although the consulting paid me for a week around 0.4X, it wasnt still interesting because of the locked time and odd calls/office visits.
My time table is kind-of fixed now - Get up early, Clean the house, Get kid ready for school, Go for a Walk, Strength training at home, Track Markets/Read something new - call it timepass (4 hrs), Lunch, TV, Pick kid from school, Engange in school studies, Dinner, Walk and sleep.
Cooking and other house chores has increased from few months, since my wife is busy in for in-law care. More time for me and kid.
Retirement fund on track - markets are doing what they do best - Musical chair. Few weeks ago my wife did have concerns - with all the youtube content projecting current market conditions to be dooms-day.
My wife's questions kept coming (Even though she has full access to all the excel/document etc) and hence i built a retirement indicator as shown in images and kept it near kitchen - we cannot miss it, we have to look at it every day ! :).
Absolutely useless device one might say, can create anxiety for few and only indicates no communication with-in family :)
Its a completly automated system (Tracking only 35X) - we just need to update any new investment transaction in google sheet (if any) and update our expenses monthly. Rest all is automated - a small WiFi device, which is always ON. The checks and flag logic - when which led goes off - is built by discussion with family. Well i could have put a simple tablet/used phone - however old school was good ;) - A hardware of 300 rupees did the job for me - rest all was free.
And ....... few days back it turned orange for 2 indicators. Although retirement is still healthy - few parameters like expenses (Controlling and not taking inflation rises) went orange !
My wife loves this device. Although she has access to all the sheets/WILL/Documents etc - she hasnt opened any of it and this she says these LED"s cant be a missed :) - and her classic comment - "a product guy, cannot sit idle" (came as a taunt this time).
Despite this slow down - the 0.4X that i had got an consulting fees is still in descritionary expense bucket (As u/PercyFI mentioned few posts back) - The sad part is it is so dammm difficult to spend money, there was a post by u/Complete-Regret-4300 which resonated.
There is a hiring consultant chasing me for a job - and that questions keep coming back to me - for what ? Although after few years - once my kid moves out, i probably might get bored (ofcourse there are many things to do but as few have said, probably one misses is the mundane routine - esp. for a person like me who has zero social circle !), but till then its me and my laziness !
Hi Everyone,
I have reached 50L net worth this month. It is not much compared to the posts we see here, but it is significant for me. Below is the breakup.
I work in tech. Haven't really taken any day off in the last couple of years.
Still, a long journey ahead.
Let me take you back to 2021 December. A friend of mine called me casually and he asked where am I investing. I have no answer because frankly I never gave it a thought on investments or making money. But that day I gave it a thought. I started my career in 2014 in IT in typical service based firm then moved to consulting in 2018 and in 2019 I got married. Staying on a rent in whitefield at a prime location it is really difficult to save some money by end of the month. But I decided that day to give it a try and invest as much as possible because I know I cannot work in IT forever. Not because I am not interested in the job, when it comes to work I always give 150 percent, I work hard ( probably harder than anyone in the team) and ofcourse I was grown in my career due to my effort but the side affect is somewhere in this journey I felt I am tired. And I know I can push like this probably upto my 40. Anyways, this is how it all started in my investment journey.
2022-2023 (Roller Coaster Ride) Did my own research on stock market about equities, mutual funds and Trading. Like any other amateur investor Trading attracted me mainly because my first few trades gave me multifold return. For a while I thought “Why did I waste my 25 years in school, college and job, It is so easy to make money :)”
But life will always teach you lessons in a very hard way. One bad trade every thing gone. Forgot about capital the amount of stress I couldnt imagine. Luckily I was able to come out that trade with very minimal loss to the capital but my returns became zero. That day I decided I will never do trading. In this process I didnt loose money but I lost one year time. But trading is like addiction. Your mind keep pulling you to the trading, It is very difficult to come out of it. i tried very hard to shift the focus but it is very very difficult. That is when I decided only option to come out of this is to somehow make my available cash zero meaning if no money in hand then obviously I cannot do trading. How to make money unavailable, the only option that come to my mind is real estate.
2023 -2024 (Turning Point) : Bought a 50 lakh agricultural land with 25 lakhs savings and other 25 lakhs I took personal loan. Bought a plot in Devanahalli for 1.6 crores out of which 1.22cr is from plot loan. Because all big builders follow instalments for payments I took this risk even though I dont have remaining 40 lakhs in hand at that time.
2025-2026 (Difficult times) Managing two loans along with rent of 55k per month it is not easy. But I have seen the positive side. I came out of my addiction. Even with these 2 EMI’s I still able to save some money and cleared my personal loan. Luckily both the real estate properties appreciated. Agriculture land gave multifold return, I sold it this year and cleared my plot loan too. Done with the registration of the plot in June. Most importantly this 2 years taught me the importance of money, importance of savings. Do you know what is the first thing I did after my plot registration? I called my same friend and said thank you. Because the conversation with him is where it all started.
Now I dont have any loan. I again started seeing some savings in my bank account. But now I am matured. Even if god calls me and ask me to put money in trade I will not do. Started with the mutual funds from last month. Lets see how it goes. Plan is to build a 50 lakhs mf portfolio before next election.
Current Networth :
Real Estate : 2.2 Cr ( 2400 sqft plot in Devanahalli from Tier1 builder). Will hold this as I see it has more potential in future due to STRR and other developments happening in this area
PF : 4 lakhs (Withdrawn most of it last year to clear loan)
PPF : 5 lakhs
Mutual Funds : 50k (Started from last month in Invesco, Bandhan and Trust small cap funds. I know it is bit aggressive but thats okay now I have enough risk appetite)
Note: Parents bought me a 3bhk apartment in Gunjur which I am shifting next year. I am not considering this in my networth because your first home is always an emotion and definitely not an investment for me. Anyways will be saving my rent from next year.
