1/6
FINANCIAL INDEPENDENCE IS POSSIBLE .
Dad took 22 years to become #FI despite having many expenses & very less salary back then.
I wish to share a few points of his journey.
It's all pure common sense & nothing extra ordinary .
If HE can , WE all can :))
Read on ....
FINANCIAL INDEPENDENCE IS POSSIBLE .
Dad took 22 years to become #FI despite having many expenses & very less salary back then.
I wish to share a few points of his journey.
It's all pure common sense & nothing extra ordinary .
If HE can , WE all can :))
Read on ....
2/6
* He saved first , spent balance.
* Invested month after month as @FI_InvestIndia keeps saying.
* Stayed invested through all the scams & bottoms . Invested more whenever he had surplus
* He averaged up & down
* Learnt Finance by doing MFM from JBIMS. Ensured Conviction.
* He saved first , spent balance.
* Invested month after month as @FI_InvestIndia keeps saying.
* Stayed invested through all the scams & bottoms . Invested more whenever he had surplus
* He averaged up & down
* Learnt Finance by doing MFM from JBIMS. Ensured Conviction.
3/6
* Never leveraged . Only invested his own money.
* Was conservative .
* Let go of many opportunities & STUCK to what he UNDERSTOOD.
( Held onto HUL & topped up when it did not budge for a decade) -
Result ? A loan free property.
*Gradually focused on Asset allocation.
* Never leveraged . Only invested his own money.
* Was conservative .
* Let go of many opportunities & STUCK to what he UNDERSTOOD.
( Held onto HUL & topped up when it did not budge for a decade) -
Result ? A loan free property.
*Gradually focused on Asset allocation.
4/6
* Made huge losses during Harshad Mehta scam but learnt . Did not give up. Recovered everything & more thereafter.
* Had a good Heath Insurance cover. Helped us during my mom's illness. Couldn't save her but we did not go broke .
* Reinvested Dividend into Equity .
* Made huge losses during Harshad Mehta scam but learnt . Did not give up. Recovered everything & more thereafter.
* Had a good Heath Insurance cover. Helped us during my mom's illness. Couldn't save her but we did not go broke .
* Reinvested Dividend into Equity .
5/6
Even at 70 today , he works for his happiness.
* Reads ET & Capital Market with much enthusiasm & learns something every day from his MBA students .
* He hardly ever checks his holdings
* Sells rarely but monitors properly
* Watches media news for ENTERTAINMENT + No SM
Even at 70 today , he works for his happiness.
* Reads ET & Capital Market with much enthusiasm & learns something every day from his MBA students .
* He hardly ever checks his holdings
* Sells rarely but monitors properly
* Watches media news for ENTERTAINMENT + No SM
6/6
* Live life but don't live to impress others. Automatically spending reduces .
* Patience is needed.
It's just like @dmuthuk sir reminds us daily. 😇
The best time to begin is NOW.
Wishing you all the best !
#investing
#FinancialIndependence
* Live life but don't live to impress others. Automatically spending reduces .
* Patience is needed.
It's just like @dmuthuk sir reminds us daily. 😇
The best time to begin is NOW.
Wishing you all the best !
#investing
#FinancialIndependence
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