Prerequisites before aiming for financial independence

Want to become financially independent (or partially financially independent? ). There is no magic wand but to earn decently, save & invest well and keep expenses low. Doing this, you may reach closer (at your own pace, depending upon your pace!). However, before beginning the journey towards financial independence, there are certain prerequisites, that you […]

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Is Rs 1 Crore enough to retire in India?

If you have Rs. 1 Crore in your bank account, is it good enough to retire? Answering this question in affirmative or otherwise will not make or break your F.I.R.E. journey, in case you are pursuing one. However, it is a common question and asking more subsequent questions can help you arrive at a number […]

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How much money is needed to achieve partial financial Independence in India?

Partial financial independence is a good first step towards complete financial independence (and early retirement, if that interests you!). Getting your numbers and assumptions right is a good first step towards it. This number may be different for different people based upon current savings, expenses, planned major expenses/ life goals and planned “life after partial financial independence”.

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How much money is needed to be financially independent in India?

How much money is needed to be financially independent? It depends primarily upon your lifestyle needs and financial goals. Someone with an extremely frugal lifestyle and no major financial goals would need less. For someone with an extremely lavish & flashy lifestyle, nothing would suffice.

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Chasing partial financial independence

Partial financial independence is a life stage wherein your investments can take care of your basic day to day expenses, but this amount is way short of what you may need to take care of your expenses over your lifetime.

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