Archive of posts from May 2021
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Comparison With Another FIRE Couple
You know how I like to compare myself with other FIRE (Financially Independent, Retired Early) individuals. So here is one more of them. I do the comparison because there are very few of them and I just started my journey. So comparing with others helps me understand how they think, behave and spend. That way I can check if I am inline with them or whether I am an outlier. Either of those situations is alright with me, but it is just a fun exercise.
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Our Real Power Bill Inflation
In the last post I showed you that the electricity inflation over the last 9 was around 7% in Bangalore. Of course the inflation depends on how many units you use. If you are in the lower or higher slab than me then perhaps the inflation may be different for you.
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Power Bill Inflation
I don't normally talk about my inflation numbers in this blog, because I don't have a lot of data. I am the kind of guy who needs data to talk about things. To make sense of inflation we need at least 7 years worth of data. Ten years data will be more useful though. Thankfully I have some of my electricity bills since 2012. So there is long enough history to see the inflation in electricity bills in Bangalore.
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The Role Of Luck
Luck has a huge role to play in one's success or failure. We should not forget the role of luck in our lives. I am what I am is primarily because of how lucky I have been in many aspects of life. There are people who are more hardworking than I am and yet don't have the results they deserve.
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Living Without Any Insurance!
Yes. That is true. I don't have any kind of insurance for my family, that includes my parents. That is a huge risk that no one in the right mind should take. I would never suggest anyone do it. I would not do it either if this panned out a little differently. Let me explain.
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Follow-up to Virtual Meetup #5
Thanks to everyone who joined the virtual meetup. We had a lot of good discussions which extended beyond the scheduled one hour. I was not sure if I answered all the questions clearly. So here is a post that clarifies things a little bit in case I was not clear earlier. Here are some questions that were asked and my responses.
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Trimming Expenses
In my last post I mentioned that I was confident of my approach to early retirement. In addition I wrote about a couple who have been retired for 30 years by just following the 4% rule. One of the learning from that post is that there could be a huge drop in market that may hit my investments badly. In that case my investments may not keep up with my expenses. For example if there is a prolonged market slump. And I need a plan. The plan starts with cutting down my expenses temporarily so that my investments can catch up.
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Thirty Years Into Retirement
It's been barely three years into my early retirement. So, no I am not talking about myself here. I recently came across this article about a couple who retired 30 years ago. And they were 38 then. What great clarity they must have had of their future to retire in 1991!
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