Archive of posts from November 2024


  • Nov 16, 2024

    Rich Or Wealthy?

    I consider myself wealthy but not rich. While it sounds like they are two sides of the same coin, there is a subtle difference. One is related to contentment while the other is related to possessions. If you are investing money to buy more stuff, you are trying to get rich. If you are investing to buy freedom, then you are trying to be wealthy. I can keep going, but the Stoic philosophy has as much to say about wealth. The name of the game is to buy freedom not things. Of course everyone needs money, but it is important to understand that happiness isn’t always found in material possessions.

    ...continue reading
  • Nov 9, 2024

    Electricity Connection Application

    After getting our bore drilled, we proceeded to get electricity connection. This was another messy process. To get a 3-phase connection so we can run our pump, we need to apply for electricity connection. Since there is no transformer near by, they cannot give us the connection directly. It seems unless there are at least 2 connection requests from a location, the electricity department will not setup a new transformer. The alternative is for us to bear all the costs of setting a new transformer and the cost of all the poles and wiring up to the transformer. The cost comes to around Rs. 2-3 lakhs.

    ...continue reading
  • Nov 2, 2024

    Why Is Financial Planning So Hard?

    I’ve seen people with various kinds of behaviors when it comes to financial planning. I find it strange. Perhaps it is not strange. Perhaps it is just their history and their experiences in life that make them behave in a certain fashion. I have seen people living in the moment and not worrying about the future and I have seen people with a lot of assets who could have retired 10 years ago, but wouldn’t. The worst part is that they still worry and stress out about losing their job. I am like, – “Dude, if you lose your job, that is the best thing to happen in your life. You can enjoy all the super huge assets that you have saved up”. Crazy world I tell you or perhaps crazy me (more likely).

    ...continue reading