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Being Scrum Master what are the requirements from Capgemini or Clients to put me to Onsite role? (Either it may be Certifications, Qualifications, External factors or any challenges anybody faced surprisingly)
Please help me here to understand, as there's discussions going on and I don't want to let go this opportunity!Capgemini
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Monday Wordle 527 3/6
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Does LTI provide free food ?
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I think you won
*advice
#HumbleBrag ain't it?
Be smart with expenses and save at every opportunity, do not splurge. You don’t need to upgrade your iPhone just because they have released a new one!
What answer are you hoping to get here? You could easily retire now, if you want to move to a lower cost of living area and not be in your 3M apartment. Depends wildly on standard of living.
I agree here. Liquidate the apartment 5M in stocks and bonds. 4 pct of 5 million is 200k.
If you want some padding, Stick out work for few more years make 7M good to go.
If you savvy enough to make 2MM in stocks, you should be able to grow that yourself another 1MM or 2MM.
Then avoid gold diggers good to go
I am 35 I have 65 K cash that’s all am in trouble ?
Depending on the city you guys are in, seriously consider find a place that has solid if not spectacular future rental prospects. Rates are low, get a 15 year loan or if you are disciplined get a 30 year loan and make early principal payments, however the latter is easier said than done for most people. Having at least one place paid off in your mid 50s will help as you can convert that into rental income as you roll into retirement. If you are single it would highly help to marry someone making similar money or with more assets.
This is rad. Do you have kids?
If I found someone from fishbowl- sure 😆
There is no mentioning of currency. It could be Korean Won or Indian Rupee
Should have roughly 6-7M that is more liquid if you want to retire at say 65 and live OK. Its hard to tell because it wildly varies on lifestyle expectations and where you retire
IBM 3
Not sure about comfortable, but yes one could definitely live off 4k a month with 600k in investable assets.
The caveat is those assets would need to be aggressively invested. If they were conservatively invested and return let’s say 3% (and just keep up with inflation) one would likely run out of money in 20 years.
A lot here. Some thoughts:
A) $3M paid-off apartment. Could that $3M be working harder for you in the stock market (what’s the appreciation of real estate in your market vs. stock market return, taking into account tax deductions associated with home mortgages)?
B) How much you need is based on what you plan on spending after you retire. The 4% rule is still an acceptable practice. It actually leaves you with a natural increase as the market outperforms, Just rebalance, leverage index funds and make sure you always have a buffer amount in “protected”/safe/liquid state in case of a market downturn/recession.
On both the above, either get a financial advisor or do the math yourself.
C) I retired 3.5 years ago at 57 with $2.5M in brokerage/401k/IRA savings; after 2 years got bored and went back to work, because I actually enjoy what I do. But I have more control, because I know I can walk if I don’t like the job. I now have $4.2M saved (also made some good investment choices). Moral: make sure you have a plan for what you’ll do in your retirement. Traveling and loafing sounds appealing until you do it a couple years.
Investing in Nasdaq over that same time would’ve been 3.7M. Maybe the 4.2 includes some salary from working? Otherwise seems like risky investing for post-retirement...
I’m still stuck on ‘$3M apt’. 😳
Wow! This is a dream for me at 31
Same, lets get there!
OP, this is apparently a flex post. With the money you accumulate thus far, based on your rationale how you get here, you should’ve known better. Nothing wrong with finding outside validation though.
How much is your monthly expenses, times your life expectancy, factor into your potential growth from your stock options and then you can figure out a ballpark if you feel safe to retire.
Clout chasing much🤷♂️
5M at 41. You good OP. I’d downsize, invest the remaining of $3M. And do what you want.
It fully depends on the annual $$$ you expect to spend, assuming a "safe withdrawal rate" of about 4%, you can currently spend roughly $80k per year indefinitely, assuming a market rate of return around 6%, and removing 2% for inflation. So if you spend less than 80k per year annually, you can retire right now my friend.
See here for more:
https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/
What was your strategy to be where you are financially?
“Market timing” here likely means “I had investment capital at the beginning of the longest bull run in the history of the US stock market”. Even more so if OP was tech-focused
You could retire right now. Get rid of the $3M apartment(what's are the monthly fees on that thing) and go on a speaking tour about how you got out of the rat race for the rest of your life.
OP define “retirement”. Having read your responses here, you seem to just want to be able to stop working crazy hours. You should be able to!
This will be an unpopular opinion but 41 is too early to “retire” and just travel the world / live the good life. If I did not need to spend day and night at a job I disliked to sustain my lifestyle and savings goals, I would take on more interesting, balanced, less lucrative opportunities! If I were in your financial position at 41 I would actively explore all the things I care about and try to make a difference in the world. I’d join or start a non-profit, id become a non-resident fellow at some university or think tank writing about the world, I would be involved in local or global public service, focus on one niche esoteric thing I’ve always loved and could not pursue professionally because it didn’t make financial sense but now it can. That’s just me but with your financial security I would be free to be who I want to be in life, no shackles.
Definitely agree. OP, do you have any interest in non-profit work? It’s all good if you don’t, but genuinely curious if this is an avenue you might want to pursue!
curious how you were able to rack up the huge net worth at the age of 40. any tips?
I’ve been to well over 40+ and it is def not the same. I think you are either just going to resorts or you are not exploring the countries.
A mix. Kept buying when some stocks dropped especially in 2007.
Stocks are the best. Nothing beats them long term. The only bad thing is if ones retirement occurs at a time when the market is down. Go long and wait. Also given your age if you let it ride it will grow to a point where you won’t have to worry about money ever. I hear this happens at $4M.