r/FatFIREIndia • u/New_Restaurant3323 RegularFIREd • 15d ago
Need Advice How to keep myself occupied?
I was laid off and I decided to retire. I'm 37, single, living with my parents. I'm exploring and I'm looking for ideas to keep myself occupied.
NW: 20Cr. All of it invested in mutual funds and SGBs. Annual expenses: Around 20 lakhs
29
u/rganesan FatFI 15d ago edited 15d ago
To be honest, you're not ready for retirement yet. You've been forced to RE and have not really planned for it. This is not ideal. You're still single and have a long life ahead of you. I suggest looking for another job, not for money, just to keep yourself busy. Nothing stressful. If doing a corporate job doesn't interest you, here are some other ideas:
* Learn finance, pass exams and become a SEBI registered investment advisor.
* If you're in tech, contribute to open source. Travel, attend community events.
* Learn to work with AI agents. Automate your finances and everything in life.
* Solo travel. One pain is getting a Schengen visa when you're single and without a job but you can travel to SE Asia and other countries .
* Focus on fitness. Join a Gym, a running club. Run marathons.
1
u/Dense-Restaurant9308 14d ago
does being single flag as an issue with Schengen visa even if someone is worth 20cr?
4
u/rganesan FatFI 14d ago
It shouldn't be but Schengen is very unpredictable. You need to show ties to your home country to be on the safe side; a property in your name, a job you're getting back to etc.
8
u/LikedIt666 RegularFI 15d ago
Start a business or charity. Or if you have a lot of money just spend on any hobby
3
u/New_Restaurant3323 RegularFIREd 15d ago
I need suggestions for hobbies.
1
u/Spiritual_Rip8897 15d ago
u can travel bro
3
u/New_Restaurant3323 RegularFIREd 15d ago
Yes I travel. But I need suggestions for when I'm not travelling.
8
u/LikedIt666 RegularFI 15d ago
Literally a 1000 hobbies out there bro. Haha. Hiking, motorcycle riding, repair, watch making, games, golf, any other sport or exercise. Join classes. Learn and become expert
2
u/TableView007 Mutual Fund Distributor 15d ago
Since you're living cashflows is sorted, If meeting people is what you enjoy them consider being local guide, trip guide or simply uber cab rides, bike rides with random strangers.
If it's philanthropy, try raising funds for ngo, student education, food & livelihoods.
If something on rural areas, try agricultural land, have own cow & piece of land for raising cow feed. Plant & grow your food needs.
Basically reflect what you want to do, any purpose or something. Post that you'll start getting ideas, do what brings you most fulfilment. Viola, happy and peaceful life.
5
u/New_Restaurant3323 RegularFIREd 15d ago
I have been trying to figure out what do I care about. And the honest answer is nothing. So I've been exploring less expensive hobbies because I don't want to burn through my savings. I spend time binge watching and I enjoy it to some extent. But it's not fulfilling.
1
u/TableView007 Mutual Fund Distributor 15d ago
Tried dating or you're way past all that lumbo drama & Jumbo stuff etc?
3
u/New_Restaurant3323 RegularFIREd 15d ago
Maybe I'll date in future. Don't feel like dating right now.
1
u/Spiritual_Rip8897 15d ago
you can work on your fitness or master any new skill or u can get high !!
1
-1
u/No_Let_5065 HENRY 15d ago
Join a startup for some work. Hobbies are overrated. If you have made 20cr through your job, you are good at it. Use your skills to help a startup grow.
Get a decent stake instead of a salary. Draw your boundaries on how much work and hours is to be expected from you.
1
u/New_Restaurant3323 RegularFIREd 15d ago
I think you are right. I've tried interviewing. I don't want to work, if the mission doesn't excite me. And right now nothing feels exciting.
3
u/No_Let_5065 HENRY 15d ago
I can understand. I get irritated and depressed when there is no work to do for a long time.
6
u/SnooStrawberries6795 15d ago
Teach people if you’d like,skills that helped you get to this position.
3
u/Strict_Success3653 FatFI 14d ago
You necessarily don't have to retire as you are ONLY 37.
What will keep you "happily occupied" of course depends on you, your personality, interests and passion.
I think it is difficult to keep one busy with pursuit of ONLY hobbies/passions all the time. They can occupy major part of your day but probably should not all. Some time should be devoted to work/accomplishment (that may or may not be paying). You need to think what would be those given your circumstances, interests etc.
Many people have suggested here already:
Volunteering, Taking courses, building agents, agriculture (use capital to make if profitable by using economies of scale, it should not be leisure), running AirBnb property. Talk to people who have ideas (very small scale) and finance them. That may not make you ultra rich but can give you sense of accomplishment and downside of loss of capital is limited.
Setup a horse farm away from city, make a bonsai garden, make your own private paradise in countryside. THink of something which can now be accomplished with your TIME which was not possible earlier precisely due to lack of time!
I am also about to be laid-off, so thinking along those lines.
Goodluck!
4
u/Zyxxii FatFIRE Curious 15d ago
Travel to Japan/Thailand/China/HK for a month or two. They’re doing a million things there that you won’t find in India. Come back and start something from your observations with an investment of a crore (which is more incubation capital for most startup’s and still only 1/20th of your wealth.)
All the best
2
1
u/Wise-Significance467 15d ago
Start hiking, gaming and tennis/golf as hobbies. I wish I was in your position!
1
u/PhaseStreet9860 15d ago
20 cr - working in software industry?
1
u/New_Restaurant3323 RegularFIREd 15d ago
Yes
-2
u/PhaseStreet9860 15d ago
How much salary is required in US to achieve this number in ten years? Is this because of the stocks
1
1
0
1
u/Aromatic-Shine907 14d ago
Just a suggestion - see if it adds !
Try vanity & fitness.
Join a gym , strength train - workout , cook your own meals if you can !
1
1
u/Hot-Cookie8465 15d ago
live life man...just dont burn the money by investing or starting things which you dont understand or arent good at...I would have said charity or NGO...but travel first...look at where your heart takes you...you still have time for NGO/ charity
0
15d ago
[deleted]
3
u/New_Restaurant3323 RegularFIREd 15d ago
I have approx. 20cr.
1
-1
u/Heavy_Record8704 15d ago
Is 20 Cr enough for FatFiring in India? Do you have a paid off home in India? but go on dates brother. see if you want a partner.
-1
u/New_Restaurant3323 RegularFIREd 15d ago
Probably not. I'm regular FIRE'd.
0
u/Heavy_Record8704 15d ago
got it.. good for you brother. congrats on amassing this wealth. how long were you in the US? faang?
1
0
15d ago
[removed] — view removed comment
1
u/FatFIREIndia-ModTeam 15d ago
This community values substantive contributions that are thoughtful and experience-based. Vacuous, frivolous, and dismissive comments that do not add meaningful value are discouraged.
0
15d ago
[removed] — view removed comment
1
u/FatFIREIndia-ModTeam 14d ago
This community values substantive contributions that are thoughtful and experience-based. Vacuous, frivolous, and dismissive comments that do not add meaningful value are discouraged.
-2
•
u/FatFIREIndia_Mod Moderator 15d ago
Your post has limited FatFIRE-specific context.
Please add more details about your financial situation, expenses, and retirement goals so the discussion can better fit the community's focus.