India
Yesterday
899
India elections - Have we all committed blasphemy?
India
Yesterday
849
So when are all the modi bhakts moving back to india?
India
Yesterday
1178
True hatred will be on display today on Blind
Personal Finance
Yesterday
2220
~1.5M at 30, what can I improve?
India
Yesterday
1540
Bhakts crying in Blind
Details Total NW: 15 crores Inr Age : 35 Dependents- wife, one kid Additional dependency : aging parents with their own 1-1.5 crore and a house #tech
Good for lower middle class lifestyle
I get the feeling that Indian currency will keep getting devalued until a final crash in some interest rate hike cycle initiated by US.
The money will be diversified in 3 currencies
How did you earn 15 crores??
Come on people here have 2-3 m$ by this age
That’s actually problematic. US companies go to India to find cheap labors, but end up paying them 50x higher than average workers in India so these people are doing shitty jobs and thinking about retirement at early 30s.
How did you accumulate 15 crores? Even if u started working in US at 20, 15 crores in 15 years is too much stretch. Did you have generational wealth?
Depends on your ROI. If planning to live off dividends then inflation will start hitting you hard in your 60s :/
Total NW won’t be a clear measure, break down would help. How much is liquid stock / cash/real estate/ 401k etc and after tax math of real estate sale…. if you are talking $2M liquid investments, that’s pretty good
Humble brag meta
If you have 15 crores, at 3% SWR, you'll get 3.75 lakhs per month for expenses before tax. That's more than enough for an upper middle class lifestyle anywhere in India, if you have a house to live, fully paid off. If you retire in a tier-2 or tier-3 city, then you'll have a rich lifestyle.
What do you mean by retire. Watch Netflix day in and day out?
Work is not only thing in life for everyone
You have money, you are intelligent to earn even if you lose everything tonight. Are you really worried about 15cr enough to retire? When you start thinking about how much money is enough, work is everything in your life.
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