FrustratedVuncle Posted 3 hours ago Report Share Posted 3 hours ago Kids ki job vache daka major karchulu: Say they get job by 21, 16 yrs to go Food per month - 1000 - 12000/yr phone cost - 100 - 1200/yr Power - 200/mo - 2400/yr Water&Trash - 200/mo - 2400/yr Property tax - 16k/yr home insurance - 3k/yr health insurance - 1000/mo - 12000/yr Hospital bills - 200/mo - 2400/yr internet - 75/mo = 900/yr car insuracne - 1500/yr India trips - 6k/yr Misc - 5000/yr Per year total = $67,200 With an annual payment of $67,200 adjusted for a 3.5% inflation rate over 16 years, the total amount would be approximately $1,410,676 Remaining Mortage - 323k 2 kids education - 300k (150k per kid) Car loan - 13k Total liquid cash I want right now to be stress free =~2M Me magic number entha? 1 Quote Link to comment Share on other sites More sharing options...
TuesdayStories Posted 3 hours ago Report Share Posted 3 hours ago Kids vunnara uncle niku Quote Link to comment Share on other sites More sharing options...
CosthaBidda Posted 2 hours ago Report Share Posted 2 hours ago 2 minutes ago, FrustratedVuncle said: Kids ki job vache daka major karchulu: Say they get job by 21, 16 yrs to go Food - 1000/mo - 12000/yr phone cost - 100/mo - 1200/yr home insurance - 3k/yr internet - 75/mo = 900/yr car insurance - 1500/yr India trips - 6k/yr Misc - 5000/yr Per year total = 29,600 =~ 30000 After adjusting for a 3.5% annual inflation rate over 16 years, the total amount would be approximately $629,131 Remaining Mortage - 323k 2 kids education - 300k (150k per kid) Car loan - 13k Total liquid cash I need to save =~1.3M 13k car loan over 15 years? Make that 60k min. Kids education 150k each, make that 250 each min. medical expenses? Quote Link to comment Share on other sites More sharing options...
AndhraTiger Posted 2 hours ago Report Share Posted 2 hours ago anna water bill, current bill, property tax marchinav Quote Link to comment Share on other sites More sharing options...
FrustratedVuncle Posted 2 hours ago Author Report Share Posted 2 hours ago Just now, AndhraTiger said: anna water bill, current bill, property tax marchinav Dammit correstee bayyoo... wait.. Quote Link to comment Share on other sites More sharing options...
FrustratedVuncle Posted 2 hours ago Author Report Share Posted 2 hours ago 2 minutes ago, CosthaBidda said: 13k car loan over 15 years? Make that 60k min total loan unnade 13k anna. Modern cars run 10yr min these days. why 60k Quote Link to comment Share on other sites More sharing options...
FrustratedVuncle Posted 2 hours ago Author Report Share Posted 2 hours ago 4 minutes ago, TuesdayStories said: Kids vunnara uncle niku Maga jeevithaniki frustration ane padaniki spelling rayinchede kids. 2 Quote Link to comment Share on other sites More sharing options...
Hitman Posted 2 hours ago Report Share Posted 2 hours ago Vuncle, House paid off aa? 16 minutes ago, FrustratedVuncle said: Kids ki job vache daka major karchulu: Say they get job by 21, 16 yrs to go Food - 1000/mo - 12000/yr phone cost - 100/mo - 1200/yr home insurance - 3k/yr internet - 75/mo = 900/yr car insurance - 1500/yr India trips - 6k/yr Misc - 5000/yr Per year total = 29,600 =~ 30000 After adjusting for a 3.5% annual inflation rate over 16 years, the total amount would be approximately $629,131 Remaining Mortage - 323k 2 kids education - 300k (150k per kid) Car loan - 13k Total liquid cash I want right now to be stress free =~1.3M Me magic number entha? Vuncle shopping expenses veyyaledu??? India kaakundaa other trips veyyaledu... anyway... ippudu nee daggara unna 1.3M ni, 4.5 10 year bond konnavu ante.. that give you another 500,000... what will you do with that? Quote Link to comment Share on other sites More sharing options...
FrustratedVuncle Posted 2 hours ago Author Report Share Posted 2 hours ago 3 minutes ago, Hitman said: Vuncle, House paid off aa? Vuncle shopping expenses veyyaledu??? India kaakundaa other trips veyyaledu... anyway... ippudu nee daggara unna 1.3M ni, 4.5 10 year bond konnavu ante.. that give you another 500,000... what will you do with that? 323k remaining loan on home anna. Shopping and others MISC lo kanicheyyatame. Other trips velthe India trip cancel aa year Prastutam 1.3M leduga, unte alage invest chesi koncham chill chestunde. It would be amazing if 60k passive income at 5% ROI on capital(1.2M) vastunte of course after all Loans paid off Quote Link to comment Share on other sites More sharing options...
FrustratedVuncle Posted 2 hours ago Author Report Share Posted 2 hours ago no budget padmanabhams? Quote Link to comment Share on other sites More sharing options...
futureofandhra Posted 2 hours ago Report Share Posted 2 hours ago 50 minutes ago, FrustratedVuncle said: Kids ki job vache daka major karchulu: Say they get job by 21, 16 yrs to go Food per month - 1000 - 12000/yr phone cost - 100 - 1200/yr Power - 200/mo - 2400/yr Water&Trash - 200/mo - 2400/yr Property tax - 16k/yr home insurance - 3k/yr internet - 75/mo = 900/yr car insuracne - 1500/yr India trips - 6k/yr Misc - 5000/yr Per year total = $50,400 With an annual payment of $50,400 adjusted for a 3.5% inflation rate over 16 years, the total amount would be approximately $1,056,940. Remaining Mortage - 323k 2 kids education - 300k (150k per kid) Car loan - 13k Total liquid cash I want right now to be stress free =~1.7M Me magic number entha? good post i think 3m is the stress free amount Quote Link to comment Share on other sites More sharing options...
Hitman Posted 2 hours ago Report Share Posted 2 hours ago 12 minutes ago, FrustratedVuncle said: no budget padmanabhams? Liquid cash ante... does it include IRA's or any stocks? Quote Link to comment Share on other sites More sharing options...
FrustratedVuncle Posted 2 hours ago Author Report Share Posted 2 hours ago 2 minutes ago, Hitman said: Liquid cash ante... does it include IRA's or any stocks? yeah anna anything that put to your networth and earn for you. Quote Link to comment Share on other sites More sharing options...
Hitman Posted 1 hour ago Report Share Posted 1 hour ago 1 minute ago, FrustratedVuncle said: yeah anna anything that put to your networth and earn for you. Add Health Insurance 1500 + other Misc medical 100. Quote Link to comment Share on other sites More sharing options...
ManchamKodi Posted 1 hour ago Report Share Posted 1 hour ago 1 hour ago, FrustratedVuncle said: Kids ki job vache daka major karchulu: Say they get job by 21, 16 yrs to go Food per month - 1000 - 12000/yr phone cost - 100 - 1200/yr Power - 200/mo - 2400/yr Water&Trash - 200/mo - 2400/yr Property tax - 16k/yr home insurance - 3k/yr internet - 75/mo = 900/yr car insuracne - 1500/yr India trips - 6k/yr Misc - 5000/yr Per year total = $50,400 With an annual payment of $50,400 adjusted for a 3.5% inflation rate over 16 years, the total amount would be approximately $1,056,940. Remaining Mortage - 323k 2 kids education - 300k (150k per kid) Car loan - 13k Total liquid cash I want right now to be stress free =~1.7M Me magic number entha? Anna you forgot mee Atthamma karchullu 1 Quote Link to comment Share on other sites More sharing options...
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