It is now more than 2 years since I officially retired. But unofficially I have retired in Jan 2018. I had accumulated the required retirement corpus by Dec 2017 and I could retire at the beginning of 2018. But for reasons best described in one of my earliest posts, I decided to delay my retirement date by 6 months. The way I decided when I was ready to quit was based on the 4% rule. Since it’s been only 2.5 years, I can’t say for sure if the 4% rule is working or not. We will have to wait and … Continue reading “Risks Of Wrong Financial Planning”
I think I can build a career making cardboard toys. Every time my daughter has an “idea” for a toy, I have get ready to build something out of cardboard. After the doll house, disk drop game and rolling ball machine, the latest idea from my daughter was to build a periscope. She probably saw some youtube video of some one building it. The idea was to make a hollow rectangular cylinder and attach two small mirrors on the ends at 45 degrees. We bought some mirror toys from the local stores for this purpose. Then removed two mirrors out … Continue reading “Building A Periscope With Cardboard”
Several people have routinely asked me whether I planned for this or that before deciding to retire early. Well I planned the way that works for me under my circumstances. There is no one size fits all and no one comprehensive definite solution. None the less, since so many people have this question about how to go about planning for financial independence, I thought I should write a post about it. So what were your questions? Some have asked me if I had planned for child’s education, child’s marriage, travel, medical expenses, inheritance etc before deciding to retire early. I … Continue reading “How To Plan Your Financial Independence”
Since I started this blog, a few people have been asking me if I will give stock tips. Others asked if I had invested in stocks and that is how I made enough money to retire. So I thought I should clarify a few things to my readers through this post. First, I don’t give stock tips because I don’t know how stock markets work and more importantly I don’t know how to value a company. I have always wanted to learn how to value a businesses, but never got around to doing it. Next, I had invested only once … Continue reading “How NOT To Invest in Stocks”
When I said I have enough money in my previous post, it was made possible by the fact that I did not account for many things that most Indian’s generally consider bare minimum. Take inheritance for example. We did not plan on leaving anything substantial for our daughter. Our thought process is that she should go through the basic difficulties of life to achieve things that she desires. We are probably atypical Indians that think this way. I know this because people have asked if I thought about leaving an inheritance for my kid. Indian’s are obsessed with leaving a … Continue reading “Leaving Inheritance To Children”
In the most recently concluded Virtual Meet-up, there was a lot of discussion about children’s education. My colleague and a reader of my blog Naveen B shared a bunch of useful resources. I thought it will help other readers as well so here they are https://www.learningkeepsgoing.org/parents https://wideopenschool.org/programs/family/PreK-5/ https://teachfromanywhere.google/intl/en/ https://learnathome.withyoutube.com/ https://artsandculture.google.com/project/family-fun https://www.youtube.com/c/MysteryDoug https://www.youtube.com/channel/UCXVCgDuD_QCkI7gTKU7-tpg https://www.tynker.com/ https://www.udemy.com/course/teach-your-kids-to-code/ https://www.udemy.com/course/programming-for-kids/ https://mindspark.in/ https://www.withprimer.com/ The only resource I have used so far with my daughter is https://scratch.mit.edu/ Thank you Naveen! If anyone else have other useful links, please share with me and I will update this page.
Recently Mr. Money Mustache (MMM) wrote a nice article on finding the sweet spot as applicable to various things in life. For example, a successful tech career’s sweet spot is when someone has worked for 10-15 years and has accumulated a few million dollars (in the US context). The “too less” side of things is when the person is earning $15/hour. The too much side is when they have accumulated tons of wealth but at the cost of 40 years of stressful work. Similarly, he draws parallels to other aspects of life. For example, the sweet spot for a work … Continue reading “The Sweet Spot: Comparison With MMM”
Like many things in life, what something means to you may not mean the same to others. Take minimalism for example. It has a different meaning to different people, but the core tenets remain the same. Some people confuse minimalism with cheap or frugal. While it does help to be frugal, it does not necessarily mean minimalist. What does minimalism mean to us then? We’d like to think that minimalism means owning or buying the minimum amount of things that will let you lead a comfortable but simple life. That’s a mouthful. Lets break it down. Things you don’t need … Continue reading “What Does Minimalism Mean To Us”