Financial Independence, retire early and travel
A lot of people have asked me if National Pension Scheme (NPS) is a good investment instrument or option. However, let us look at what NPS is, its variants and how it compares to PPF before I answer that question. What is NPS? NPS is a government-sponsored pension program open to employees from the public,…
A lot has been written about early retirement and financial independence. Be it the 4% rule, or reducing expense or buy what you need, not what you want. However, there is one key thing to do if you want to retire early. Automate your savings. Yes, this is the most important thing to do. Why,…
I am sure you would have heard the above saying: “why rich get richer ?”. And I totally agree with the statement. It is true, rich do get richer. Income inequality is growing considerably. Top 1% in the world keep on becoming richer. And there are plenty of reasons for that. Yes, you can blame…
While I wrote a post about how to calculate retirement corpus a while back with detailed excels and steps, a lot of people since then have told me that it is a bit difficult to understand the methodology and assumptions for someone who is new to early retirement or financial independence. Hence, in this post…
If you are just starting to invest, I would suggest reading my other blog posts on where not to invest, different type of mutual funds, how to make money in stocks, best mutual funds and real estate vs mutual funds to begin with. If you have already invested read on to find how to review…
I recently read an article, If You Have Savings In Your 20s, You’re Doing Something Wrong. There can be nothing farther from the truth, yet reflect the reality prevalent today. The author essentially says that if you save money early in your 20s, then you are a boring person planning for his/her death. Saving money…
A lot of people in the FIRE community would tell you to get rid of credit card. Hell, even I wrote a post on how you should use cash instead of credit card to save more. But, let me be very clear, I use credit card and maximise my return. The key is to not…
Financial independence or FIRE has become a buzzword these days. A lot of people want to retire early. In my first post, I have written about some of the reasons I want to retire early which might be valid for you too. In this post I want to write about some of the other reasons…
A lot of my readers and friends have asked me how to save more. While I tell them to buy what you need not what you want, it seems like all things these days people want a quick actionable shortcut. Of course, things to understand with thumb rules and shortcuts is that there would be…
There are countless people who say that they don’t want to work. What they essentially mean (in most cases) is that they hate their job. While working is essential to like and it could take many share and forms. During the cave-man era working meant going out and hunting for food or foraging through edible…