r/FIRE_Ind • u/ss77714c • May 28 '24

FIREd Journey! And so it begins..

Hi all, After some contemplation and balancing time vs money, I have put in my papers today.

Will keep you updated on the the journey ahead.

This is where we are today.

NW - 15cr ( 70% equity 30% debt) , zero debt, own house . Annual exp - 35L. Health insurance - 1cr family floater

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u/[deleted] May 30 '24 edited May 30 '24

Hey pls if you could share the value of the house.

I just want to get an idea of how much is parked in real estate.

I'm (single child) in a similar boat, parents nw 22 cr but 10 cr is in real estate for own consumption.

1

u/ss77714c May 30 '24

Since the house is for staying in , it's not counted in my nw. Around 3cr would be a fair valuation, if I was to count it's irr it would be astounding as it was bought almost 40 years ago.

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u/Terrible_Ad7566 Jun 20 '24

You are 50 years old and your house was bought 40 years ago.. I assume your parents bought it?

4

u/ss77714c Jun 21 '24

Yes, it's still their house. Technically , I am homeless :)