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    31 from Bangalore, planning for FIRE

    Lol ! I should seriously give a thought of moving to states to earn in $$. With the exchange rate touching 60 INR, I will reduce my years to be FIREed by atleast 10?
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    31 from Bangalore, planning for FIRE

    :) yes, the 10 years lag is why the large differences between your exp and mine. You are right and I need to take account of the increased exp which will come up in future. Thanks for that. More or less, I see you too don't spend too much but still your expense adds up which is significantly...
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    31 from Bangalore, planning for FIRE

    Let me start with saving / investment and tracking. Yes I do my expenses tracking in excel and I have full log of every detail of expenses for last 1.5 years. So the data which I have with me, gives me a great insight on where do I spend more and even what are the actual inflation rate which...
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    31 from Bangalore, planning for FIRE

    Yes Joe, you are right ! Let me add the other bills borne by MegaCorp: 1) Petrol: ~3500/- 2) Telephone & Internet : ~ 3000/- 3) Medical : ~ 1000/- So yes, 7500/- more and certainly I can reduce my exp for the first 2 items.
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    31 from Bangalore, planning for FIRE

    Hi DesiGirl, Thank you for the comments ! Since you have also surprised with my exp, let me go in some details on how I do it. Will write down my monthly exp in INR terms. 1) Rent ( 2 Bedroom-Hall-Kitchen apartment fully furnished ): 10500/- ( Excluding water and electricity charges) 2) Water...
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    31 from Bangalore, planning for FIRE

    Thanks for the detailed reply. I will put all the related local information alongwith answers for your Qs, so that it will be of some help to others too. Yes, I intend to stay in India but Invest fully in Indian economy, not sure about it. I am open to invest anywhere if it is actually better...
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    31 from Bangalore, planning for FIRE

    :) The income(Combined) doesn't include the retirement contribution or any other income (interest income for example) So last year we saved almost $ 35,000 USD. Further, the yearly expense includes the rental outgo which will increase 5%-10% PA as well as the real inflation which is somewhere...
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    31 from Bangalore, planning for FIRE

    Hello All, Feels nice to be part of the forum and having so many like minded people around. Let me introduce myself and my plan for FIRE briefly and hope to get lot of insight from the people who were there and have done it. ------------------------------------------------------------- Age: 31...
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