Each month is an opportunity to be closer to financial independence:: September 2018.
While we were able to achieve the target of saving Rs. 2,24,000 in September, our net worth declined due to sharp falls in the share market. We faced a net loss of Rs. 1,20,000 as Mutual Funds NAVs and Stock’s value plummeted.
Hopefully, October should be better for the stock markets to recover some of the losses. We need to be extra cautious in our strategy for equity investments in October.
Our total household expense went out of the budget to Rs. 71,000 in September.
The primary reason for the increase is an upcoming trip out of India(VISA fee payment and accommodations booking). This travel is expected to cost us another Rs. 1,00,000 in October.
While it may seem impractical to spend so much amount on travel, My wife and I have decided to travel as much as possible before we retire. If it’s going to stretch our retirement goals, we are OK with it.
Retirement corpus as on Oct 1st 2018 – Rs. 1,07,52,446
Our target for financial independence – Our FI target
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