2001
Started my career
Struggled to get my first job in the post dot com rubble..wriggled my way in somehow
Started my 1st modest SIP in Dec 2001, I think, in Alliance Mutual Fund
Started my career
Struggled to get my first job in the post dot com rubble..wriggled my way in somehow
Started my 1st modest SIP in Dec 2001, I think, in Alliance Mutual Fund
2003 - 2007
Saw tremendous growth in career
Salary didn't grow in percentages...it multiplied.
With fat bonuses, the first serous surplus built in.
Every inflow was checked out in Liquid Fund immediately with a systematic transfer to equity funds
Saw tremendous growth in career
Salary didn't grow in percentages...it multiplied.
With fat bonuses, the first serous surplus built in.
Every inflow was checked out in Liquid Fund immediately with a systematic transfer to equity funds
2008
I was working in a global financial behemoth
found myself in the eye of the storm
felt everyday as my last day in the job
somehow survived...moved to a local Bank in 2009
continued all my systematic investments
(4/18)
I was working in a global financial behemoth
found myself in the eye of the storm
felt everyday as my last day in the job
somehow survived...moved to a local Bank in 2009
continued all my systematic investments
(4/18)
2009 - 2013
Career & finances took another quantum leap
Somewhere in 2013, I started getting my 1st thoughts about FF..read a lot about it.
Career & finances took another quantum leap
Somewhere in 2013, I started getting my 1st thoughts about FF..read a lot about it.
2013-2016
A school time friend reminded about my claims of retiring by 40
Started preparing for the D-Day, started reading 3 hours a day
Gradually but incrementally diffused out office work and infused in my preparation
Took a sabbatical in 2015
A school time friend reminded about my claims of retiring by 40
Started preparing for the D-Day, started reading 3 hours a day
Gradually but incrementally diffused out office work and infused in my preparation
Took a sabbatical in 2015
2016
Quit the slavery...embraced to freedom!
Never regretted a single day!
(7/18)
Quit the slavery...embraced to freedom!
Never regretted a single day!
(7/18)
Some themes that ran guided all my actions throughout:
1) The Power of Subconscious - I had made tall claims as a school kid about living a free life. Not sure I even understood it then, even forgot about it, until got reminded in 2015....
1) The Power of Subconscious - I had made tall claims as a school kid about living a free life. Not sure I even understood it then, even forgot about it, until got reminded in 2015....
...But, it seems the under current prevailed subconsciously and guided all my actions...some of them as mentioned here under..
2) Financial Discipline - I always lived within means. Only loan I took was my home loan.
(9/18)
2) Financial Discipline - I always lived within means. Only loan I took was my home loan.
(9/18)
3) Investing Discipline - I always persevered with systematic investments. I always used all small & big corrections, as opportunities to make aggressive asset allocations.
4) Low cost long term leverage - While I never took and silly loans, I never pre-paid my home loan, even though I could have done that within first few years....
(11/18)
(11/18)
This was the low cost, long term source of funding that gave me a double kicker. Not only I could buy a bigger property, which multiplied in value, but also, I invested my surplus in equity (with some tactical Gold & interest rate calls intermittently) which itself multiplied.
This smart, long term leverage set me on an accelerated path. While my colleagues were busy taking consumer loans for fancier fridge/car/TV, I was borrowing low cost long term housing loan & aggressively allocating my money in assets which compounded.
Neither my colleagues, nor I realised then, the difference these two paths would make it just about 10 years!
Today I can buy same fridge/car/TV on cash, that they are still buying on consumer loans. (Ironically, they actually pre-paid their housing loans!)
Today I can buy same fridge/car/TV on cash, that they are still buying on consumer loans. (Ironically, they actually pre-paid their housing loans!)
4) Breaking the inertia - I took a form decision somewhere in 2015. I set a D date...even drafted my resignation letter months in advance to induce a commitment subconsciously. When the D-Day arrived,
(15/18)
(15/18)
I was not exactly sure, trembling from inside. But, I had done enough preparation to sense that even if I'll struggle a bit, I'll find my way!
Today, with hindsight, I can say that it was all worth it. I don't look at a single moment in my life as a punishment. I do what (& only) what I like. There's no answerability to anyone other that my immediate family & friends.
Here's the thing:
All you have to do is see the end goal, as vividly as you can....and start walking with a compass, one step at a time. The path & guidance keeps appearing.
(18/18)
All you have to do is see the end goal, as vividly as you can....and start walking with a compass, one step at a time. The path & guidance keeps appearing.
(18/18)
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