How we went from Homeschooling to Unschooling?

I already talked about why we unschool our kid. And you also know that we did not start out that way. Like most parents, we started out with the idea of homeschooling and then eventually we are turning more and more into unschooling parents. The reasons are quite complex and we ourselves probably don’t know the true story because it happened ever so slowly and we still are in the process of unschooling. Still learning that many things we are doing are not really unschooling, but a mix of home and unschooling. Seems like this unschooling things is more of … Continue reading “How we went from Homeschooling to Unschooling?”

Franklin Wind-up Situation

Franklin Templeton is winding up 6 yield oriented debt funds because of the liquidity situation that came about due to COVID-19. If you are invested in the following funds, you might have received an email from Franklin. Franklin India Ultra Short Bond Fund (FIUBF) Franklin India Short Term Income Fund (FISTIP) Franklin India Credit Risk Fund (FICRF) Franklin India Low Duration Fund (FILDF) Franklin India Dynamic Accrual Fund (FIDA) Franklin India Income Opportunities Fund (FIIOF) Why is this happening? Due the lockdown situation in India due to COVID-19, the fund has been facing a liquidity challenge due to redemptions. Unfortunately, … Continue reading “Franklin Wind-up Situation”

Consolidating Your Portfolio

I am sure everyone of you at some point have wondered why you have so many funds in your portfolio. I am one of them too. If you have wanted to consolidate your funds into fewer funds in fewer categories, this post should help you get there. There could be many reasons for your bloated portfolio. May be some funds performed better at some point but not anymore and so you stopped investing in it and started another one. Or perhaps you created multiple folios in the same fund by mistake because you did not select a folio number. May … Continue reading “Consolidating Your Portfolio”

The Truth About My Passive Income

Many people have been wondering and some were asking if I have any other passive income other than my investments in equity and debt mutual funds. Some think that I may have some real estate income or business income or some other income that I am not disclosing. Here is a post to bust some myths and bring out the truth. First, lets address the elephant in the room which is on most people’s mind, — do I have multiple passive incomes? The answer is a clear and resounding no. I have one and only one source of income which … Continue reading “The Truth About My Passive Income”

Our Unschooling Journey

Our journey towards unschooling was a bit haphazard and not a straight forward decision. In the initial years we were unclear whether we wanted to home school our kid or not. I have always wondered if I would have gained more knowledge and moved faster in life if I was home schooled. As a kid I used to complain that I wish I would not be forced to study all the subjects that we were taught in school. I asked my parents if there is a school where I can only study math, physics, chemistry and computers and nothing else. … Continue reading “Our Unschooling Journey”

My Expenses Compared with MMM

Some of you might have heard of Mr. Money Mustache (MMM), who retired at the age of 30 in the US and is quite popular in the F.I.R.E world. I have always wanted to compare my expenses with him and see if I can be as good as him with my expenses. I always believe that there are some similarities when I compare myself with him (like workouts, DIY, minimalism etc). My expenses should also be similar then? You know that I have this habit of looking back at my expenses in the past year and write a post on … Continue reading “My Expenses Compared with MMM”

Income Tax Reporting

While the name “income tax reporting” seems to suggest that you only need to report income, it is not really the case. It has been expanded to report investments that you already have, whether they gave you any income or not during the assessment year. After reading a comment on one of my blog posts I became aware of the fact that some people might be misinformed about what is supposed to be reported. Since I am not a tax adviser, I cannot tell what everyone should report, but I will go over what I have been reporting over the … Continue reading “Income Tax Reporting”

Hundred Posts and Counting

I passed a wonderful milestone today. This is my 100th post on this blog. I did not realize that I was so close to this milestone. When I first started I did not have any intentions of doing it for the long term. It was supposed to be just an online dairy. I wanted to pen down my daily activities and thoughts so I can recollect the memories and rediscover the days gone by. But thanks to encouragement from friends and family it grew into a blog for helping others In the last 100 posts I wrote on various … Continue reading “Hundred Posts and Counting”

Why Do We Unschool Our Kid?

You probably already know by now that we are unschooling our kid. Unschooling is the more extreme version of home schooling. Why did we take this bold step? A lot of people have been asking the same question. So I thought I should explain our thought process. These days schools are putting more and more pressure on the kids, to the point that they completely take away the fun, desire and curiousness of the young minds. It seems like schools and parents today are just obsessed with grades and levels of education and degrees. No one is bothered about knowledge. … Continue reading “Why Do We Unschool Our Kid?”

Tax Audit

I was recently audited by the Income Tax Department and thought that the whole faceless scrutiny process was interesting. So here is something about it. It seems like I was one of those people who got randomly selected for Limited Scrutiny (Computer Aided Scrutiny Selection). It was the government’s way of testing out the e-Proceedings facility. Here is the email I received from the Income Tax Department. Dear Taxpayer, Thank you for filing your return of income for Assessment Year 2018-19 vide Ack. no. XXX on XXX. While acknowledging the care and diligence you may have taken in preparing the … Continue reading “Tax Audit”