Money Is Infinite. But Time Is Limited

I used to have a comfy and very well paying job until I decided to retire early in 2018. I can’t imagine why anyone would give up such a good job and ridiculously good benefits that I used to enjoy at work. But at some point in life, it is conceivable that one could slip into philosophy. That happened to me. Money has never been a primary motivation for me, but it did enjoy some importance in my life. After my philosophical journey, money seems so insignificant and unimportant. Don’t get me wrong. You need a handsome amount of savings … Continue reading “Money Is Infinite. But Time Is Limited”

How And Who Should Pay Advance Tax

I just payed my second installment of advanced tax, so I thought I will write down the procedure. It will be like a reference for me in the future and might help some one as well. It is actually a pretty simple process that does not really warrant a post, but here we go anyway. Who should pay advance tax? If the computed payable tax for a year exceeds Rs. 10,000, then you are liable to pay advance tax. For most salaried individuals the payable tax probably will not exceed this amount because your employer pays tax (TDS) on your … Continue reading “How And Who Should Pay Advance Tax”

Risks Of Wrong Financial Planning

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”

Two Years Into Retirement

This is going to be a really short post. I just completed 2 years in retirement! On this exact day in 2018, I was commuting back to home from work for the last time. It was one of the happiest day of my life. Nothing much has changed from what I have already wrote in my post after 1 year into retirement. The only thing that has changed is that I am going through a bad market cycle for the first time since I started investing in 2011. Hopefully I will come out strong after this. You already know pretty … Continue reading “Two Years Into Retirement”

Goal Based Investing

So far I have been giving financial advice for the singular goal of early retirement. But many of you probably have multiple goals. May be you want to buy a house, save up for kids education or planning an international vacation in a couple of years. Whatever might be your goal, you need to have a financial plan. Each goal needs to have a different corpus, asset allocation and redemption plan. If you rather watch a video on the same topic, check out the YouTube video at the end of the post. Start with the goals If you want to … Continue reading “Goal Based Investing”

Happy New Year 2020!

I would like to wish all my readers a very happy new year! May this year bring more happiness and cheer. I hope 2019 has been kind to you and you were able to achieve your goals. As for me, 2019 has been the first full calendar year in retirement and it was just fabulous! I am still getting used to the life in retirement although it has already been nearly one and a half years. In the last one year I published more than 50 posts on various topics including health and fitness, financial planning, my financial report, various … Continue reading “Happy New Year 2020!”

My Talk On Early Retirement

I gave a talk on Financial Planning for Early Retirement a few weeks ago at my previous work place. It was well received with more than 100 attendees. I was actually not planning to give a talk. I casually wanted to visit the old office and visit some folks over lunch. But they wanted a talk, so I had to quickly make some slides. Fortunately, most of what I wanted to say was already available on my blog. Made some slides based on my experience and blog and gave a talk on June 14, 2019. I enjoyed giving the talk … Continue reading “My Talk On Early Retirement”

Motivation Towards a Goal

Early retirement is possible. It is certainly not easy, but it is simple. Of course, it needs a lot of sacrifices today, for a better tomorrow. You need to save a lot which means your expenses have to be very less to have any meaningful contribution to your retirement kitty. Heck, retiring at 60 with enough corpus to last your whole life is in itself a difficult task. How can you even save for your early retirement. It all comes down to how deeply you want to retire early. It does not just apply for retirement, but anything in life. … Continue reading “Motivation Towards a Goal”

Am I Financially Ready To Retire?

Here is an alternative take on whether you are financially ready to retire. In this post, I want to help you determine if you are ready to quit with nothing but a simple calculator and just one formula. You don’t need to predict expenses, inflation, rate of return etc, and as such, this method is not as comprehensive as the How Soon Can I Retire calculator. So take it with a pinch of salt and use it more as an indicator of whether you are ready to retire or not. Also note that this is only to check if you … Continue reading “Am I Financially Ready To Retire?”

How to Choose a Debt Mutual Fund

Hopefully you have read my post on how to choose a mutual fund. This post is kind of an extension to it. I will specifically explain what things you need to look for when picking a debt mutual fund as opposed to the general advice given in the other post. While I don’t consider myself an expert, I will give you some tips based on my experience. But first, the usual disclaimer: Disclaimer: Information provided in this blog is to help educate you. Any mutual fund, company or stocks mentioned within the post are used only as examples, and should not … Continue reading “How to Choose a Debt Mutual Fund”