25M, My Journey so far
A short summary.
I am 25M, Software Engineer and graduated from a Tier3 college in 2019. Started working for companies in EU who found me through my work on freelancer. Then I worked for another US based company for 4 years, The work there was not challenging at all so I switched to a new job few months back to another US based company with offices in India. Current comp including RSUs is around 90L/year. RSU grant was 125k with 1 year cliff and then quarterly vesting.
For the 5.5 years I have worked, Most of it was remote. I stayed at home to take care of my grandparents and I was saving 93%+ of my income.
Details on the figure.
73% of it is in mutual funds 14% in direct equity 1.3% in PPF 3% in various FDs and Tbill. Tbill and FD form my emergency fund(enough to last 9mo) and 1 FD I made to get my first secured credit card 6 years ago. A rough breakdown of remaining amount is below
Notes: 28L(exluded in the number above) is sitting in my bank account right now because I have gotten lazy with investing it. crypto(~15L increased from 2.5L from a payment I recieved for the work I did 5 years ago) 60L(excluded in number above) more in direct equity, I tried importing it in the app but it keeps freezing and only partially imported transactions from my zerodha account relatively small amounts of cash in different bank accounts(<2L)
I have health insurance(separate 1Cr cover from HDFC Ergo) for myself and my sister. I tried to get insurance for my parents but they are stubborn and I failed to convince them.
I don't have any vehicles, no investments in real state or gold. I have no plans to buy real estate unless I will be living at that place and no plans to invest in gold unless it's needed for gifting or marriage or something like that.
Right now I am in BLR. The rent for my 1bhk is 20k + utilities, I spend 25k on Food and then 10-15k on miscellaneous. I have recently started travelling more(solo, going on hikes and visiting all the places I see and like). I don't like cities at all and my goal is to build a house in a quieter part of the country and atleast achieve FI by 2035. I don't know if I'll be able to truely retire at all just because I worry("is this enough?") too much, maybe that'll happen if external conditions force me to retire.
Please ask away if you have any questions, I'd be happy to help in my little way I can. Thank you for reading all of this.
A short summary.
I am 25M, Software Engineer and graduated from a Tier3 college in 2019. Started working for companies in EU who found me through my work on freelancer. Then I worked for another US based company for 4 years, The work there was not challenging at all so I switched to a new job few months back to another US based company with offices in India. Current comp including RSUs is around 90L/year. RSU grant was 125k with 1 year cliff and then quarterly vesting.
For the 5.5 years I have worked, Most of it was remote. I stayed at home to take care of my grandparents and I was saving 93%+ of my income.
Details on the figure.
73% of it is in mutual funds 14% in direct equity 1.3% in PPF 3% in various FDs and Tbill. Tbill and FD form my emergency fund(enough to last 9mo) and 1 FD I made to get my first secured credit card 6 years ago. A rough breakdown of remaining amount is below
Notes: 28L(exluded in the number above) is sitting in my bank account right now because I have gotten lazy with investing it. crypto(~15L increased from 2.5L from a payment I recieved for the work I did 5 years ago) 60L(excluded in number above) more in direct equity, I tried importing it in the app but it keeps freezing and only partially imported transactions from my zerodha account relatively small amounts of cash in different bank accounts(<2L)
I have health insurance(separate 1Cr cover from HDFC Ergo) for myself and my sister. I tried to get insurance for my parents but they are stubborn and I failed to convince them.
I don't have any vehicles, no investments in real state or gold. I have no plans to buy real estate unless I will be living at that place and no plans to invest in gold unless it's needed for gifting or marriage or something like that.
Right now I am in BLR. The rent for my 1bhk is 20k + utilities, I spend 25k on Food and then 10-15k on miscellaneous. I have recently started travelling more(solo, going on hikes and visiting all the places I see and like). I don't like cities at all and my goal is to build a house in a quieter part of the country and atleast achieve FI by 2035. I don't know if I'll be able to truely retire at all just because I worry("is this enough?") too much, maybe that'll happen if external conditions force me to retire.
Please ask away if you have any questions, I'd be happy to help in my little way I can. Thank you for reading all of this.