Whats your magic number for stress free life

[FrustratedVuncle]

2 hours ago, ManchamKodi said:

Anna you forgot mee Atthamma karchullu

 

ika athamma ni ranivvakunda planning. so no budget for kodi brains.

[Original Profile]

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?

 

Local trips, hospital bills in future, gifts for friends and family for occasions, donations, obligations, parties ivanni misc lo ayitey kashtam. 5k/year ekkada pani cheyyadhu. And GC lekapotey immigration expenses kuda

[Pavanonline]

 

 

[Hitman]

9 minutes ago, Original Profile said:

 

Local trips, hospital bills in future, gifts for friends and family for occasions, donations, obligations, parties ivanni misc lo ayitey kashtam. 5k/year ekkada pani cheyyadhu. And GC lekapotey immigration expenses kuda

Fuel... $3600 unless you are using Toy cars like Model Y ... 

[FrustratedVuncle]

28 minutes ago, Original Profile said:

 

Local trips, hospital bills in future, gifts for friends and family for occasions, donations, obligations, parties ivanni misc lo ayitey kashtam. 5k/year ekkada pani cheyyadhu. And GC lekapotey immigration expenses kuda

Its easy to inflate the expenses anna. Hospital bills is valid tho. Immigration expenses emuntai anna unless wife is H4.

Do you feel stressed if you dont gift, donate, go to parties?

18 minutes ago, Hitman said:

Fuel... $3600 unless you are using Toy cars like Model Y ... 

Fuel is valid expense.

Dammmit adding Health insurance and fuel made the magic number to cross 2M

[VictoryTDP]

23 minutes ago, FrustratedVuncle said:

Its easy to inflate the expenses anna. Hospital bills is valid tho. Immigration expenses emuntai anna unless wife is H4.

Do you feel stressed if you dont gift, donate, go to parties?

Fuel is valid expense.

Dammmit adding Health insurance and fuel made the magic number to cross 2M

Meeru super mastaru 

[ManchamKodi]

1 hour ago, FrustratedVuncle said:

ika athamma ni ranivvakunda planning. so budget for kodi brains.

anna killing plan emanna vestunnava Ideas unte please share anna future lo useful ga untundhi

[Hitman]

1 hour ago, FrustratedVuncle said:

Its easy to inflate the expenses anna. Hospital bills is valid tho. Immigration expenses emuntai anna unless wife is H4.

Do you feel stressed if you dont gift, donate, go to parties?

Fuel is valid expense.

Dammmit adding Health insurance and fuel made the magic number to cross 2M

Bro... nee illu okkate choosukunte ela... poragallaki illu ready cheyyava for Dowry/Kanyasulkam ? (unless if you are planning to get your kids married to Non Desi.. )

[FrustratedVuncle]

18 minutes ago, Hitman said:

Bro... nee illu okkate choosukunte ela... poragallaki illu ready cheyyava for Dowry/Kanyasulkam ? (unless if you are planning to get your kids married to Non Desi.. )

Chaduvu cheppinchude ekkuva. 

[FrustratedVuncle]

38 minutes ago, ManchamKodi said:

anna killing plan emanna vestunnava Ideas unte please share anna future lo useful ga untundhi

No violence. Only peace 🕊️ 

[Original Profile]

1 hour ago, FrustratedVuncle said:

Its easy to inflate the expenses anna. Hospital bills is valid tho. Immigration expenses emuntai anna unless wife is H4.

Do you feel stressed if you dont gift, donate, go to parties?

Fuel is valid expense.

Dammmit adding Health insurance and fuel made the magic number to cross 2M

Stress ani kadhu kani thappadhu konni…decent life style maintain chesthunappudu. We’re obligated. Immigration ki h1 + premium + h4 and ead every 3 years. Time bagokapote in less shorter time renewals

[11_MohanReddy]

All I can say is money alone is not the cause of stress. 

[BabuDEVUDU]

7 hours 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
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?

Ilanti oka plan kuda ledu uncle, but oka 80k debt undi. So more or less, ne magic number tho compare cheskuntey I need to have 3.5M to be stress free.

[perugu_vada]

Uncle mi bro in law tho business plan cheyinchaleda mi in-laws inka ? Intha swecha ga how u are able to do calculations 

[Peddayana]

@FrustratedVuncle

Domestic ga travel/vacations cheyava? everything is so expensive now so add that costs as well

easily runs into thousands assuming at least 1 good vacation per year (7 days) and 2 small vacations (3-4 days)

every year India trips vese vallu untara?

Subscriptions, credit cards (If you farm points and have annual fee cards),

overall I feel misc expense 5k is very less , you buy so many things, costco, sam pother min 500-600 untundi, is that counted against food costs?

eating out/restaurants is also missing

health care costs increase significant more than inflation as you move into upper 30s and 40s, lot of people will be surprised

For me, having 10k income per month net after taxes (outside of job) while house and car being fully paid (with 1M+ net worth) is a decent stable state 

at that stage you do not have to worry about job loss, monthly expenses are taken care off and your life is more or less insulated from normal expenses, tension free life untundi mostly

people who have rental properties and/or dividends/other incomes are truly blessed!