1$ kuda savings lekunda memu house ela konnam

[Vaampire]

Just now, Catalpha said:

What I mean is, if it makes sense to work in the Bay area for 30 years, if you could retire in 5-10 years and live elsewhere. There are places you could buy a house with 200k, if you have a million in retirement accounts, you could live on 4% ROI on investments without working. 

Most of the people in this db are immigrants. So there is no concept of retiring early. Gc vachevaraku pani cheyyalsindey.

Retirement account lo million undali antey enni years pani cheyyali?  Million ki 4% antey 40k tho ekkada bathakagalam family tho?
 

[Catalpha]

6 minutes ago, Vaampire said:

Most of the people in this db are immigrants. So there is no concept of retiring early. Gc vachevaraku pani cheyyalsindey.

Retirement account lo million undali antey enni years pani cheyyali?  Million ki 4% antey 40k tho ekkada bathakagalam family tho?
 

Depends on how frugal you're, I would say 5-10 years, you can have atleast a million working in the Bay area. Here, you can live a modest life on 60k and save the rest. In other parts of the US, 40k is enough for a modest life if you're not making stupid purchases like the vlogger in this thread. 

[raaajaaa]

2 hours ago, OreyPandhi said:

Cat akka 😼😹

hi Bamaradi

[snoww]

1 hour ago, Catalpha said:

E pilla confidence chustunte chiraku vastundabba, visa meeda undi 5k downpayment tho illu konnaranta, without any savings. What is this confidence ya?

Ekkuva down payment sesthe tension padali. 5k ki tension enduku. Visa pothe bank ki bokka. 

[Spartan]

I am jealous of the discussion in the thread @Vaampire @tom bhayya

[snoww]

26 minutes ago, Catalpha said:

Depends on how frugal you're, I would say 5-10 years, you can have atleast a million working in the Bay area. Here, you can live a modest life on 60k and save the rest. In other parts of the US, 40k is enough for a modest life if you're not making stupid purchases like the vlogger in this thread. 

5-10 years lo million save seyyocha. Adi CA taxes and rents tho. 

[Catalpha]

9 minutes ago, snoww said:

5-10 years lo million save seyyocha. Adi CA taxes and rents tho. 

https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator

[pandemkodi]

** Bay Area lo konna poyyedi .. vadalo F...m double avvaledu 

[Vaampire]

1 hour ago, Catalpha said:

Depends on how frugal you're, I would say 5-10 years, you can have atleast a million working in the Bay area. Here, you can live a modest life on 60k and save the rest. In other parts of the US, 40k is enough for a modest life if you're not making stupid purchases like the vlogger in this thread. 

bay area lo fang or similar companies lo work chesevallaki possible. 1m save cheyyadam. On avge aithey chaala kastam
 

If u buy a house in bay area and sell it when u leave bay area, you will atleast have another 200k-500k.

40k ela saripothadi. Kids ni private school pamputhey valla school fees ey antha avuthadi. Public school ki pampina, music class, swimming class etc etc ki min 1500 per month. Health insurance for family of 4, another 1500. Power bill, water bill, cable bill etc etc etc ki 500. Grocery, car insurance, maintenace inka evi count kooda cheyyaledhu. + india trips, vacations.

[Spartan]

[Vaampire]

1 hour ago, Spartan said:

I am jealous of the discussion in the thread @Vaampire @tom bhayya

@Spartan if i remember correctly, i adviced u to buy a home 4-5 yrs back. 

[Spartan]

1 minute ago, Vaampire said:

@Spartan if i remember correctly, i adviced u to buy a home 4-5 yrs back. 

4-5 yrs na deggara down payment ki kaadu kada...rent gadvatame kashtam ga undedi..

ippudu down payment ki unna...illu dorkatam ledu.. 

[Vaampire]

5 minutes ago, Spartan said:

4-5 yrs na deggara down payment ki kaadu kada...rent gadvatame kashtam ga undedi..

ippudu down payment ki unna...illu dorkatam ledu.. 

Ghar ghar ka kahani.

when i bought home in bay area, i did not even have money for 10% down payment. Cousin daggara 20k appu thisukovalsi vachindi. 

[Catalpha]

25 minutes ago, Vaampire said:

bay area lo fang or similar companies lo work chesevallaki possible. 1m save cheyyadam. On avge aithey chaala kastam
 

If u buy a house in bay area and sell it when u leave bay area, you will atleast have another 200k-500k.

40k ela saripothadi. Kids ni private school pamputhey valla school fees ey antha avuthadi. Public school ki pampina, music class, swimming class etc etc ki min 1500 per month. Health insurance for family of 4, another 1500. Power bill, water bill, cable bill etc etc etc ki 500. Grocery, car insurance, maintenace inka evi count kooda cheyyaledhu. + india trips, vacations.

Not sure about FAANG but in most cases, household income is 200-300k if both husband and wife are working. 

Children are expensive, no kidding. You would want to save an extra million for each kid if you want to pay for their college as well, before you retire. But the difference between saving 1 million and 2 million is not as much as the difference between 0$ and 1 million if you know how compound interest works. 

[tom bhayya]

1 hour ago, pandemkodi said:

** Bay Area lo konna poyyedi .. vadalo F...m double avvaledu 

Naa Badha evariki cheppukonu 2012 lo Dublin Pleasanton lo 400k undevi akkada evadu kontaadu ley anukunna