Getting laid off from Meta. But thanks to the severance (which is great), the cash in hand will increase to 1.3 Crore. Plus two properties. I'll get rent from one, live in another. No loan will be left. Monthly payout will be about 1L. Plus no loan car. I'm 41. Thinking of retiring after 5 years... What do you say Sharks?

likesmarthelpful
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You've already made a plan in ur mind. You didn't come here for advice rather to gloat.

likefunnyuplifting

Gloat added in my vocab

likefunny

Atleast I need 50-100 crores before thinking retirement

funnylikesmartuplifting

Being in a service company we don't think like that, our targets are set 😅

funny
Recent IconRecent

Do they have meta office in India ?
If not where were you working and do you plan to return to India.

likefunnyhelpful

1.3 Cr ….. that’s the Stop Loss for average trader , wakeup to reality.

likefunny

Your question is confusing, FIRE depends on your net savings and maturity of investments you've made

like

Hi I'm looking for a job change, i have total 18 months of experience as software engineer. Can anyone of you please provide me the reference.

funnylike

Does meta have a severance package in India ? Or are you working abroad in another country?

likehelpful

Where do you stay? Are you coming back to India?

like

if you already paid tax in UK then again you no need to pay, you can show the documents here and declare only the cash you bring

Is 1.3 cr enough adjusted for Inflation?Think twice maybe.

likefunny

You can put some of your money in stocks or make fd. So that you dint use that amount and it results to some bigger money

likehelpful

Yes. That's that plan

like

+
Monthly expenses today are hardly 60K. Net income with today's NW will be 1L per month. I plan to increase monthly payout to 2-3L in 5 years.
There will be inheritance later. Then i can just sit at do options settling and shares trading

like

Trading is an ultimate loss buddy, noone came plus in any types of trading. Floating loss is always there and it goes on like a business.

likefunny

This is awesome! I wish to get such severance packages, my org is smart, they are not doing layoffs to avoid severance, rather they are creating such situations people start leaving! Many from leadership had to left due to tricky situations created!

like

Itna to stocks hi h

like

Wah. Kaise manage Kiya

You can easily retire in 5 yrs. Go for it.

like

Wah moj karo

like

At age of 51, do you think 1.3 cr plus two properties will be enough?

Rental income from a single property is not reliable source of income.

Only retire if you are ready to give up or limit your lifestyle

like

Wake up buddy, it’s not 2013.
1.3 crs won’t be enough for your family. Agar biwi k paiso pe mauj karna hai toh go ahead

like

Wow, such a hater. "Biwi k paiso pe" Soch badall bhai.. Shayad tera bhi kabhi itne paiso ka package lag jaye kabhi.

like

Bhagwan tumhe har saal aisi khushiyaan de 😂😂

like

Lol. Bore ho gaya hun aisi corporate life se. Isliye retirement ka soch Raha hun

like

You are the shark we are the fishes. Jai ho !!!! 😅✌️

funny

Great plan 😂😂

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