Most Based Comments
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hahahah! OP is trolling the group in his own way... Through sarcasm, he is taking a dig at the quality of posts (of late) here...In case he isn't and the joke is on me, then OP needs to change his username from richdoctormba to buntyaurbabli... (53)
Not trolling. Want to know where Rich people spend money. (-19)
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Mods can we ban this BS (14)
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This is shit post. I don't think anyone who has 180 Crore net worth is making these posts on reddit (19)
Angriest Comments
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You can't increase your expense beyond a level. Why do you think rich do funny stuff. Also don't expect the stock market returns to stay like this in future, but still you should not care.Still want to increase expenses but a yatch or airplane.PS: most people here are those who want to fatfire, not who reached that goal (1)
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Shit Poster ๐ช (0)
Poor person found on fat fire sub. Go to fire or leanfire sub (1)
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Adopt me, I can help you double it down (1)
Biggest Lolcow: /u/richdoctormba
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Number of comments: 55
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autodrama: automating away the jobs of dramneurodivergents. Ping HeyMoon if there are any problems or you have a suggestion
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/u/richdoctormba if you want to show the world what a big spender you are, you should move to Vancouver, buy a two-bedroom house with minor water damage, a 2022 Volvo with the towing package, and then declare bankruptcy.
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/r/FatFIREIndia is when you save $3,000 by the time you're 45 years old
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i laffed, because its kinda more like $30k (not really)
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I don't understand why FIRE is even a thing that people need terms for or a community. People have been living off passive income for thousands of years, it doesn't need a new term for the concept.
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Yo, fresh new LIFE HACK: don't SPEND all your fricking MONEY as soon as your DUMB BUTT gets a PAYcheck. If you SAVE some, you can PASSIVELY earn HALF a percentage of INTEREST on it, which is ENOUGH to comfortably LIVE on if you save EIGHT MILLION DOLLARS and want to live on FORTY THOUSAND DOLLARS per ANNUM
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where?
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My credit union offers exactly 0.5%, actually.
Don't wanna dox myself, tho.
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In America? That's abysmally bad lol, HYSAs are 5+%
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That's about all you can expect from banks and credit unions.
Which is why everyone in America dumps it all in SPY and get 20% returns
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I have no idea what any of this means
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OP is bragging about how rich he is spending 1.2 cr == 12,000,000 INR ~ 143,000 USD and everyone is getting mad at him even though it's supposed to be a subreddit for rich techcels to brag/beg for arranged marriages.
In fairness, it is a shitload of money for India but also kind of hilarious in a global context.
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The people obsessed with doing nothing and living on EZ mode turn out to be the most envious seethers around, never would've guessed.
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These """people""" deserve to be wiped from the earth.
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Are you a curry?
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No but I work in tech and have dated an Indian guy before.
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I work on a team that's half Indian and somehow I've managed to avoid learning anything about their monopoly money. We're pretty much all business though, everyone's still remote and there's minimal friendly chitchat so I don't know anything about the mayos or Koreans either.
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$150k perpetual passive income requires $5M net worth at 3% (which is quite safe), or $3M at 5% (which is more risky).
In the US that's only upper middle class (5% of households have $3M in financial assets alone! Plus a house worth another $1M+), but in most of the world, including most of the developed world, you're considered rich if you have $4M.
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It's a troll post and all of his numbers are nonsense ("40-60% annual return") but in my book, top 5% is wealthy, not upper-middle class. When I have $3-4M you better believe I won't be working a job.
But you're right it's not like private-yacht rich.
Inb4 m-m-m-muh cost of living-on-the-upper-east-side.
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True, but comparing e.g. to France, if you have $3M there you're in the richest 0.5%.
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Snapshots:
https://old.reddit.com/r/FatFIREIndia/comments/1fqp6go/i_have_reached_annual_spend_of_12_cr_per_year_how/:
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Not trolling. Want to know where Rich people spend money.:
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Isn't this fatfire sub?:
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Networth went 10x in last 5 years. This is fatfire sub. I thought other people in similar bracket. 10-20 cr guys would be in fire sub. I didn't post there.:
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They should be on lean fire or fire sub. People who don't even have 1 cr are thinking of fat fire. And they think others can't have 200 cr on a fat fire sub. Must be low IQ guys.:
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Poor person found on fat fire sub. Go to fire or leanfire sub:
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Why are on fat fire sub? Go to lean fire or fire sub.:
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/u/richdoctormba:
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๐๐๐๐๐:
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