| Author | Message | ||
Ysr2009 Side Hero Username: Ysr2009 Post Number: 4757 Registered: 03-2014 Posted From: 129.135.0.19 Rating: N/A |
$200K in savings account $400K in retirement account cars+house paid off India lo 2.5 crores property life is beautiful  | ||
Mukunda Junior Artist Username: Mukunda Post Number: 199 Registered: 02-2011 Posted From: 62.232.92.61 Rating: N/A |
Cant you sell those when you require and convert into liquid ? | ||
Mukunda Junior Artist Username: Mukunda Post Number: 198 Registered: 02-2011 Posted From: 62.232.92.61 Rating: N/A |
yes, This is just an assumption based on many factors. Short term , we can analyse. After earning a good amount for very long time, I lost a job and it took 6 months to get another job. Even I earned good money and also had some money in assets ( I was unable to convert that into liquid cash because I have less control over it), I had a rough patch in my life. So for short term, I recommend to have at least 3 to 6 months savings that does not disturb your current level comfort. | ||
All_day Side Hero Username: All_day Post Number: 4130 Registered: 06-2012 Posted From: 107.0.27.252 Rating: N/A |
ehhe enti ee tokkalo threads every week, urgent gaa delete cheyyi please The Only Thing We Have to Fear Is Fear Itself - FDR | ||
Mukunda Junior Artist Username: Mukunda Post Number: 197 Registered: 02-2011 Posted From: 62.232.92.61 Rating: N/A |
Naa balance sheet kuda ilage vundedhi for last 8 years  | ||
Mukunda Junior Artist Username: Mukunda Post Number: 196 Registered: 02-2011 Posted From: 62.232.92.61 Rating: N/A |
Yes, You are right. Liquid money is to deal with short term issues . It can be from 6 months to 2 years depends on the person's risk ability, no matter how much we are intelligent or calculative Recurring money is for retirement. If it can generate money with our saved money( rents, pensions or whatever) . If we can not do that ( recurring income) atleast we should be able ( control in our hands) to convert saved money into liquid money. Once again, all these are just concepts on book. Because money is Chanchala . We can end up with anything. | ||
Pavala Megastar Username: Pavala Post Number: 27061 Registered: 02-2008 Posted From: 165.225.68.64 Rating: N/A |
maaku ikkada govt pension and private pension untaayi...total almost monthly salary lekka....thokkalo india lo anavasaram ga investments sesi pedda mistake sesaa....chas.. as of date...N family looks labor than Mega family.... - Onlytruth | ||
Xxx Hero Username: Xxx Post Number: 13469 Registered: 04-2009 Posted From: 149.168.132.16 Rating: N/A |
by the time they reach 1 million , you will have 4 million .. if people are earning a million dollars in a span of 10 years or less, i.e 100k cumulative each year , it was possible as they are saving one salary , both are working .. and job market is good Not possible during 2001-2003 and 2007-20011 recession times and people with one salary AW brother mee range 90% of americans ki not possible - | ||
Bharateeyudu Side Hero Username: Bharateeyudu Post Number: 4311 Registered: 03-2016 Posted From: 117.221.91.211 Rating: N/A |
asalu entha anedi cheppadam chaala kashtam.....chaala saarlu aalochinchi burro baddalu kottukovadam thappithe emi avvaledu... all these numbers are assumptions that we will be safe.... suppose 3 saarlu accidents bedridden aithe appudu maintaince..bhayakara maina rogaalu vastee.. ilanti rakarakaala assumptions enno teesukuntee entha vunna saripodu..India life ki vachchesariki india ki vachchesariki... currently for old age couple( 60+)with good house and and if they are healthy individuals no ailments.. then single person ki 7500 avuthondi( maa intlo sangathi) assuming that inflation is low... 7500 inko 30 years ki 42000 tho samaanam( last ten years lo I havent seen rise rate of rice wheat milk and vegetables ( pulses different story) that much assuming it will be like this with marginal increase)... so roughly couple ki 75000 - 100000 d ani assume chesthunna steady income...per month 30 years from now and your savings should be some where around 3-4 crores to earn interest .. mind u this is just assumption that one will lead a happy life with no ailments and have own house and two apartments for kids etc..... hoping I have genes of my grand parents( they had peaceful death at 85 without any ailments) | ||
Khaleja Side Hero Username: Khaleja Post Number: 3944 Registered: 09-2009 Posted From: 37.187.147.158 Rating: N/A |
4900 in one checking after paying off around 20k credit card bills. 600 in another checking for yearly locker fees deduction 1600 in mortgage checking account 1900 cash ela vellayo theledu edo savings account lo 300 backyard kitchen pending work ki oka 2400 minus aa anthe...  | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 72139 Registered: 04-2009 Posted From: 152.85.8.38 Rating: N/A |
neeeeeeeeeeeee gilluduuuuuuu....  | ||
Sesani Legend Username: Sesani Post Number: 49382 Registered: 08-2014 Posted From: 172.56.12.179 Rating: N/A |
Savings doesn't matter as long as u r happy with ur life.. Jai Sesani baba.. | ||
Andhrawala Legend Username: Andhrawala Post Number: 57027 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
100 K salary tho ivvalaa people having cumulative million in 8-10 years. atuvantidhi naaku 15-18 years antee too baaad. anyway my resposne is for ANirvesh 1 million savings @35 years anedhi just impossible anii (ekkadoo Secured Future or OG bro or Harvard/Oxford kurrollu seyagalaru) No Signature | ||
Sony Legend Username: Sony Post Number: 33744 Registered: 12-2006 Posted From: 170.48.2.185 Rating: N/A |
adey antuna uncle, 1 million cummulative ante kuda big achievement ye kada before 40 | ||
Ntr_rocks Legend Username: Ntr_rocks Post Number: 72138 Registered: 04-2009 Posted From: 152.85.8.38 Rating: N/A |
All my best buddies can easily cross 1M gross @35...  | ||
Andhrawala Legend Username: Andhrawala Post Number: 57026 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
One million reached antee cumulative earning over 15 or 18 years not earnign in single year No Signature | ||
Twotown Side Hero Username: Twotown Post Number: 3781 Registered: 09-2016 Posted From: 207.244.66.70 Rating: N/A |
school fees ayithe vachhesthadi kadha annai jujubi universities lo ... | ||
Telugu_times Legend Username: Telugu_times Post Number: 49666 Registered: 02-2008 Posted From: 99.0.30.9 Rating: N/A |
Savings concept waste you need fixed monthly income, even after your retirement one should plan for that pension, rents, 401k, social security etc etc Ignore spam and AJ. | ||
Andhrawala Legend Username: Andhrawala Post Number: 57025 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
If u continue earning as long as u earn you can maintain same comfort level Savings are not for days when workign. After stopping workign how long can we survive anedhi. Koorchuni thintee kondalaina karigipothaayi antaaru kathaa. question is how big is the saving pile. How many months/years it will survive No Signature | ||
Sony Legend Username: Sony Post Number: 33743 Registered: 12-2006 Posted From: 170.48.2.185 Rating: N/A |
already million cross chesaraa, uncle please bless me edo roju mee antha kakapoyina mee lo 50% reach ayye laa deevinchandi  me venu | ||
Sony Legend Username: Sony Post Number: 33742 Registered: 12-2006 Posted From: 170.48.2.185 Rating: N/A |
its 12dollars minimum. also no taxes kada | ||
Mukunda Junior Artist Username: Mukunda Post Number: 195 Registered: 02-2011 Posted From: 62.232.92.61 Rating: N/A |
Savings means not the past ( how much did we earn ) . It is only future ( How long can we live at the same comfort level as we are ) | ||
Telugu_times Legend Username: Telugu_times Post Number: 49663 Registered: 02-2008 Posted From: 99.0.30.9 Rating: N/A |
ippudu Gas station salaries entha untai? 40K per year? when i was working at gas station, it was $4.50 per hour Ignore spam and AJ. | ||
Andhrawala Legend Username: Andhrawala Post Number: 57022 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
emo bhayyyaa. Nenu ikkada MS cheyaledhuu Desam lo thuthumbar university lo MCA. One million gross earning ki naaku nearly 15-20 years pattindhii Pirst two years 35K, then 50K, 55K alaa slow journeyyy. Proxy interviews seyinchukunee intelligence ledhuu appatloooo No Signature | ||
Mukunda Junior Artist Username: Mukunda Post Number: 194 Registered: 02-2011 Posted From: 62.232.92.61 Rating: N/A |
Months or Years or life time ?  | ||
Telugu_times Legend Username: Telugu_times Post Number: 49660 Registered: 02-2008 Posted From: 99.0.30.9 Rating: N/A |
a lot Ignore spam and AJ. | ||
Twotown Side Hero Username: Twotown Post Number: 3773 Registered: 09-2016 Posted From: 207.244.66.70 Rating: N/A |
MS kurrol ki easy kadha? 21 ki US... gas station tho loan clear ... proxy intw tho 60 to 80K first year... onko proxy intw tho 100K next year..and go on so nee lekaa prakaram choosukunaa 33 ki 1 million gross... | ||
Andhrawala Legend Username: Andhrawala Post Number: 57021 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
35 years ki million dollar savings vadhileseyyi. kaneesam Gross Income (before Taxes) sampaadinchinaa big acheivement No Signature | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 5916 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
annai, edo half assed satire post esa, I have millions in rupees ani, usd lo half mill kooda ledu, nannu vadileyi  | ||
Hadoop Side Hero Username: Hadoop Post Number: 6618 Registered: 12-2014 Posted From: 99.127.225.114 Rating: N/A |
one mill oe two mill unna....its depends on revenue genaration kada.....suppose 2 mill properties undi no returns ante peddaga emi labham unless u sell and put it in right investment | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 5912 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
No, I have way more than one million but cannot retire peacefully (talking about rupees, right?) | ||
Mukunda Junior Artist Username: Mukunda Post Number: 192 Registered: 02-2011 Posted From: 62.232.92.61 Rating: N/A |
yes definately. For short term inflation can be 3 to 5% . It should be added for ever year on residue value | ||
Nenu Side Hero Username: Nenu Post Number: 3067 Registered: 08-2013 Posted From: 123.63.74.213 Rating: N/A |
inflation adjusted period kooda untundi kada for example if you have $x which can feed your life with current lifestyle for y years with consuming up greater amounts in later intervals of time , your savings will be some where between 0 and y nakishtamaina snehitudu-na tsunami-nenu shatruvu meeda chese yudham-nenu ekkupettina banam-na pidikitlo vajrayudam-na asala akasam lo unna pidugu-ento mandi gundelni tadapadaniki oche oka chinna varshapu chinuku-sneha ritupavanam | ||
Mukunda Junior Artist Username: Mukunda Post Number: 190 Registered: 02-2011 Posted From: 62.232.92.61 Rating: N/A |
It is both. If our liquid availability ( which is in your control ) it is emergency fund. If we have other savings which can be available for liquidity in our life span ( not the properties that would be passed to kids, in other words have the guts to use it ) then it is retirement. | ||
Moviebuff001 Side Hero Username: Moviebuff001 Post Number: 2770 Registered: 06-2013 Posted From: 76.31.114.171 Rating: N/A |
Savings ante retirement income aa leka emergency fund aa... Konchem confusion in thread raagam | ||
Mukunda Junior Artist Username: Mukunda Post Number: 189 Registered: 02-2011 Posted From: 62.232.92.61 Rating: N/A |
I forget to add the clause here. We can live happily with the same one million at age of 40, if we have the brain to make it( money) work for us for rest of the time. That means right investment or whatever with regular incomes | ||
Mukunda Junior Artist Username: Mukunda Post Number: 188 Registered: 02-2011 Posted From: 62.232.92.61 Rating: N/A |
I have 8 months first time after very long time. I used to think 1 million is very high. But after applying this new concept, I understood 1 million is not high. Even if your monthly expenses are $5,000 a month, you can live upto 16.66 years without considering inflation. That means you can live upto 15 years. Assuming we are 40 years old and retired with one million, we need to look for a job at 55 which will be more panic. | ||
Chillarodu Side Hero Username: Chillarodu Post Number: 9095 Registered: 03-2008 Posted From: 87.246.65.167 Rating: N/A |
15 months | ||
Mukunda Junior Artist Username: Mukunda Post Number: 187 Registered: 02-2011 Posted From: 62.232.92.61 Rating: N/A |
Can we say those who have one million in savings can retire peacefully? What level of comfort one miliion dollar gives me if my monthly expenses are $10,000 to $15,000 a month. | ||
Rudra Junior Artist Username: Rudra Post Number: 182 Registered: 03-2016 Posted From: 171.159.48.4 Rating: N/A |
1 saripothunda.. below poverty line emo kada .. minimum 10 undaali.. 35 ante too old kada  | ||
Mukunda Junior Artist Username: Mukunda Post Number: 186 Registered: 02-2011 Posted From: 62.232.92.61 Rating: N/A |
More people are occupied with 9 to 5 jobs... check this video of Jiddu Krishnamurthi. https://www.youtube.com/watch?v=x5kTObI2Y_s Just thinking of how to break this. The savings concept ( period) is from Rich Dad and Poor Dad. | ||
Mukunda Junior Artist Username: Mukunda Post Number: 185 Registered: 02-2011 Posted From: 62.232.92.61 Rating: |
I want to share the perception of that book. Many times, we say I have $xxxxx savings but that makes less sense. If you have more savings ( period), you would more level of comfort. If we have regular income ( say rents, FD interest etc etc) to manage our monthly level of comfort, then we can retire. | ||
Anirvesh Comedian Username: Anirvesh Post Number: 1064 Registered: 08-2012 Posted From: 115.111.223.51 Rating: N/A |
Atleast 1 million dollar savings at the age of 35 lekapothe survival kastam | ||
Jatayu Side Hero Username: Jatayu Post Number: 4241 Registered: 04-2012 Posted From: 125.16.137.146 Rating: N/A |
maro depression thread.. and 200 kottese thread.. Hard core Mahesh Bob fan | ||
Mukunda Junior Artist Username: Mukunda Post Number: 184 Registered: 02-2011 Posted From: 62.232.92.61 Rating: N/A |
I read somewhere long time ago, savings are not counted in money we have in hand but the period we can live the same comfort of life without disturbing anything. Say for example I need $5000 per month to maintain current comfort and if I have $30,000 in hand my savings are 6 months ( not money). |
