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How To Spend Time
While everyone understands the value of time, very few actually value time. We are careful with spending money, but not careful how we spend time. Have you ever wondered where you spend your time in a day? I read a very nice article on the perspective of time which got me started on writing this post. This is definitely not a repeat or summary of that post. While I touch upon some points written over there, I am going to do an account of how I spend my time based on what is written there. So please read that first.
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Budget 2024 And How It Affects Me
Budget 2024 announcements concluded and like every year I have to check if it affects me. This budget was a major headache for my calculations. It doesn’t affect how I invest but making the tax calculations will take a lot of time. There were some bad surprises but that is how budget works. You just have to work with it. For one, the short term capital gains tax was increased from 15% to 20%. Indexation benefits have been removed. A big blow for real estate and long term debt mutual funds (in certain cases). There was some good news in the way of changing tax slabs for new regime and increasing standard deductions, but neither of them apply to me.
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How We Arranged Money To Buy Our Farm
After zoning in on the farm that we liked, we decided it was time to take the first step forward, which was to come to an agreement with the owners that we will purchase the farm within a certain duration. The way it is usually done is that we write down an agreement stating we will pay a token amount as advance, and will pay the rest before registration. Usually there will also be a time limit specified in the agreement before which the transaction has to happen. If the transaction is not completed in the stipulated time because the buyer could not arrange the money then the advance is forfeited. If the seller fails to clear their documents they will pay back the advance with interest. The trouble started right from there for us.
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Should You Prepay If You Are Nearing The End Of Loan Period
I recently wrote a post on whether one should prepay loan or invest if you have extra savings lying around. A reader commented that a friend had a different opinion about prepaying loan when she is already at the end of the loan period. Here is the comment again for your reference – “Not used to loans, but different view from my friend. She had availed personal loan for 4 years (if I’m correct) and was in 3rd year when she received a good bonus that she can close her loan but instead she didn’t. When asked she said as part of EMI she had paid all interest and what she is paying is her principal and very minute interest so she said it’s unworthy to repay the loan. She had a point there”. While she is correct in that, one is paying more of the principal than interest towards the end of a loan period, the benefits of prepaying still remain.
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Black Belt In Shotokan Karate
I finally received my Black Belt (1st Dan) in Shotokan Karate after training for it for nearly 7 years and I am super proud of it! I know it took a bit longer than a few others but I am too old I suppose :). I have heard of people, in fact kids receiving black belt in 2 or 3 years. I can tell you that at least in Shotokan Karate, it is almost impossible to receive any kind of black belt with in 5 years. It takes even longer for kids because they still have to build up the strength. My daughter who joined almost at the same time as me is now in Brown Belt (4th Kyu). Of course, if you are young, fit and dedicated you can still achieve in 5 years time.
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Six Years In Retirement
I cannot believe that it is already six years since I retired early. I retired exactly on this day in 2018. In these 6 years I have seen several interesting things, met a variety of people, changed our lifestyle and health in more ways than one. It was a good ride. Of course it might not have been any different even if I was working but things would not have felt so leisurely and I certainly wouldn’t have time to write about it. The finances are going as per plan. Physical health is fine. Coming to things I wanted to do after retirement, or as I like to call as hobby projects have been going amazingly well. Even better than I originally planned and I still have a lot more to look forward to. But best of all, I am thoroughly enjoying the time I get to spend with my daughter. I also have more time for family and friends too.
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A Farm By Any Other Name
I love the quote by Steve Jobs “You can’t connect the dots looking forward. You can only connect them looking backwards. You have to believe that the dots will connect and that will give you the confidence to follow your heart even when it leads you off the well worn path and that will make all the difference.”. We had absolutely no idea that somehow, our decision to unschool our kid, quitting the rat race, minimizing our lifestyle and retiring early will lead us to our dream of owning a farm. There are so many dots that eventually connected. But at the time when we were making those decisions which led us off the well worn path, we had no idea that they will connect. After all the many twists and turns, we eventually found a farm that we loved and knew that it has our name written on it.
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Should We Go With 3% Rule?
I recently wrote a post about asset allocation in which a reader commented whether we should be using 3% safe withdrawal rate in Indian context instead of the 4% safe withdrawal rate that is generally accepted in the US (at least in the past). The commenter also provided a video supporting the 3% rule. I strongly encourage you to watch that first. It makes some good arguments. If you are interested, I’d also suggest you read the paper which contains all the details, assumptions, data and methodology used for the simulations. According to the research paper, it is recommended that one should go with a 3% safe withdrawal rate instead of the generally well known 4% rate.
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How Not To Teach
So this other day, me and my daughter were watching a video where the author was talking about infinity and how if you divide a number by zero you get infinity. My daughter could not understand how anything can be divided into zero parts. Or how attempting to divide something into zero parts blows up into this huge number that we call infinity. Being the smart alec that I am, I thought I could explain her how division works and how something divided by zero gives you infinity. As you can imagine, I made a huge mess of it and it showed me how little I knew about teaching to kids. If you take pleasure in seeing a grown man fumble with math, go on.
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Is The Stock Market Peaking?
I am a little bit concerned. The stock market has been giving great returns for the past 3 years or so. Since the COVID-19 pandemic there has never been a long drawn bear market scenario. How long can this continue? On top of it, I see more and more people getting involved in trading. Some are even quitting their jobs to do trading full time. Generally, when there is euphoria in the market, you see these kind of events happening. New traders, who think they are investors and think they have the know how, enter the stock market just as the market starts peaking. Then, armed with a bunch of algorithms based on back testing, start to do algo trading. When you see more and more of these people, you know the time has come for the market to crash.
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