How do you know if you’re actually making progress in life or just keeping up with rising costs?

As long as you stay invested in a broad range of assets, stocks to FD, and DCA constantly, you should be alright.

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Also I think life is too short to keep stressing over whether one has enough to retire. So be kind to yourself too.

Check both liquid networth and total networth annually.

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My personal gauge:

Make sure both are growing.

• Below 4%p.a. growth: lagging
• 4% to 6%p.a. growth: keeping up with rising cost
• 6% to 10% growth: progressing
• More than 10% growth: fast tracking.

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Liquid networth/total networth ratio:

• 10 to 20%: quite normal
• 20% to 50%: you are working toward F.I.
• Above 50%: you already able to F.I.

Assuming u already have a property.