Whats your magic number for stress free life

[FrustratedVuncle]

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?

[TuesdayStories]

Kids vunnara uncle niku 

[CosthaBidda]

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?

[AndhraTiger]

anna water bill, current bill, property tax marchinav

[FrustratedVuncle]

Just now, AndhraTiger said:

anna water bill, current bill, property tax marchinav

Dammit correstee bayyoo... wait..

[FrustratedVuncle]

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

[FrustratedVuncle]

4 minutes ago, TuesdayStories said:

Kids vunnara uncle niku 

Maga jeevithaniki frustration ane padaniki spelling rayinchede kids.

[Hitman]

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? 

[FrustratedVuncle]

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

[FrustratedVuncle]

no budget padmanabhams?

[futureofandhra]

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

[Hitman]

12 minutes ago, FrustratedVuncle said:

no budget padmanabhams?

Liquid cash ante... does it include IRA's or any stocks? 

[FrustratedVuncle]

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.

[Hitman]

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. 

[ManchamKodi]

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