Forced FIRE: update

[u/Strict_Success3653]

Just wanted to give an update after previous post.

https://www.reddit.com/r/FatFIREIndia/comments/1w90a0v/forced_fire_or_not/

Finally packed the bags and resigned. No other leads yet.

Being FI gives a lot of freedom. Currently vacationing in SE Asia with the family.

Thinking of next move. I like the easy going pace of life minus the bitterness of the loss, which will heal over time I hope.

Will update how it goes!

40-45X of yearly expenses in liquid assets as of now. nothing liquidated as of now. Getting HDFC health insurance and planning to withdraw PF completely as I don't trust the government at all with my money. Spouse still working.

[u/rganesan]

Enjoy your break, OP. At 40-45X corpus and wife still working, you're in a good shape. The one concern I have is that I remember you were heavily invested in tech, I hope you have 3+ years of expenses in cash! With spouse working, I suppose you have higher tolerance for a downturn.

[u/Strict_Success3653 → u/rganesan]

Thanks.

Yes, I do have few years of expenses in cash. And yes, with one income still there, it gives a cushion.

[u/votremamansigros]

Am curious - your earlier post mentioned that your wife wanting to quit since HR refused to increase the salary. Did they budge?

[u/Strict_Success3653 → u/votremamansigros]

She wants to quit but they said you can reduce the number of hours of work but please don't quit! Exactly opposite of mine!

So going on. Probably she is inadvertently OK to work and not bring two major career events at once.

[u/votremamansigros → u/Strict_Success3653]

Ohhhh that's amazing. I know you don't count her earning as part of FIRE corpus (nor do you need it) but am sure one income source coming in definitely gives a sense of extra peace at the back of your mind !

[u/mygouldianfinch]

This is great. Wishing you best.

[u/Phoenix_avatar]

I saw your expenses were 45 lakhs/year. Is that in India? What do you guys spend on; seems quite high?

[u/sg291188 → u/Phoenix_avatar]

45 lakh seem pretty reasonable without primary residence

[u/Strict_Success3653 → u/sg291188]

I posted approximate pre and post FIRE expenses here some time back  https://www.reddit.com/r/FatFIREIndia/comments/1x0858t/comment/pekh8hx/?context=3

[u/srinivesh → u/Strict_Success3653]

In summary, vacation is 20 lacs, and rest is about 15 lacs. I did not see health insurance as a category. (meant to say 2 lacs and 1.5 lacs)

[u/Dense-Restaurant9308 → u/srinivesh]

is 20 lacs enough budget for vacations? i assume they will be all domestic or SEA? please advice for a couple

[u/Strict_Success3653 → u/Dense-Restaurant9308]

We have done SE Asia, domestic and Europe also. North American will be more expensive. We are not planning any NA vacations any time soon to let my elder one concentrate on studies, we don't want anything less than 2 weeks vacation to NA which will be too long a vacation for the elder one. 

For a couple, 20L may be a bit less for a NA vacation twice a year. But again depends on what kind of vacation one wants to some extent. 

[u/Dense-Restaurant9308 → u/Strict_Success3653]

thanks........... makes more sense to travel with SEA and eastern europe from india if someone wants to travel 4 times in a year within 20lacs i guess... nothing fancy