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Sundaramshrik Authors LifeAfterFI

7 days 30 days All time Recent Popular
LifeAfterFI
LifeAfterFI
@LifeAfterFI
What all goes into my different wealth buckets asked @kbjayashankar

First, #financialindependence / Retire Early bucket that has current qtr expenses + war chest (bear market investments) + 3 years of living expenses (bear market use) + long term nest egg investments


Second, Financial Fortifications (thanks to @RamaniSumit for the term)

First 4 are a must-have for me and Bootstrap is a small amount (enough to experiment with 4-6 business ideas to test feasibility) that I expect I wont ever use.
But better to have it and not need it.


I'm currently working towards Financial Abundance.

LTC Plan - because India doesn't have Long Term Care Insurance for one's own longevity risk
Elder Care - maybe needed for parents & in-laws if they reach 80s/90s
Retirement Home - to buy a home in a retirement community
FINPLAN
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