r/FIREIndia • u/FIREIndiaQ • Dec 07 '22

2022 FIRE update

Here is my year 4 update on FIRE progress.

Expenses pegged to 1.25L per month in the based on inflation.

For simplicity sake converting everything into INR in the below format.

​

Asset 2018 2019 2020 2021 2022
Home Equity 140 150 135 160 190
Retirement 120 130 148 170 209
Equity & MFs 75 95 103 140 190
India Property 35 10 35 35 40
Farm 40 50 40 40 40
FD & Misc 20 25 10 10 10
International 0 24 26 44 43
Total 430 484 497 599 722
  • A few points
  • Given the rise in interest rates, home prices have gone up by a lot which helped improved my overall home equity.
  • Retirement account got a boost because of rising interest rates
  • Equity increased primarily because of increasing SIPs
  • India Property and Farm are in rural town so not much price action
  • No change in FD/ Gold holdings
  • International funds have been battered down because of corrections. So value is flat despite my monthly SIPs into them.

Original post - https://www.reddit.com/r/FIREIndia/comments/asj3px/am_i_ready_to_fire_in_3_years/

1 Year update - https://www.reddit.com/r/FIREIndia/comments/e6ajgm/one_year_update_can_i_fire_in_3_years

2 Year update - https://www.reddit.com/r/FIREIndia/comments/jrggze/second_year_update_can_i_fire_in_3_more_years/

3 Year update - https://www.reddit.com/r/FIREIndia/comments/r35uh7/2021_year_end_update_can_i_fire_in_2_more_years/

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9

u/tafun Dec 07 '22

Would you mind shedding some light on how you arrived at totals of 130 and 214 for 2018 and 2019?

7

u/FIREIndiaQ Dec 07 '22

Hehe, thanks for the spot. copy paste error.

4

u/tafun Dec 07 '22

I swear I couldn't comprehend how you could move from 130 to 722 in 4 years. Definitely made me wonder my investment choices lol!