How To Plan Your Financial Independence

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”

My Corpus Reached All Time High And I am Worried

Just recently, my corpus has reached an all time high. I thought we are in the middle of a world wide pandemic. How come the markets don’t seem to care? Agreed that I don’t understand markets, but still, this is completely unreasonable. Various indices and stocks in India, as well as in the US, are hitting all time highs. But the economy is hurting. Where am I going wrong in my understanding? Well, there is nothing new happening really. Mr. Market has always been manic-depressive and probably will continue to be that way forever. My corpus Just 4 months ago … Continue reading “My Corpus Reached All Time High And I am Worried”

Make Money Work For You

In my earlier post on How to Retire Early in Five Steps, I briefly touched upon asset allocation in step #3. In this post, I go into a bit more detail into how one should go about asset allocation for early retirement. Before understanding asset allocation, you need to understand asset classes. If you have not read my post on asset classes, head on over to that post.   Disclaimer: The asset allocations discussed here are only a suggestion, it may or may not work for you because your needs and requirements may be different from mine. Please work with your … Continue reading “Make Money Work For You”

Would You Rather Have Freedom or Stuff?

One of the most important trait that people who want to retire early need to practise is minimalism. If you keep buying more stuff, you will take longer to retire. I made this mistake early in my life, but I was not too late to correct course. Especially because some of the things come with a burden of lifetime maintenance; for example owning a car. The constant repairs, upkeep and insurance keep adding to your expenses. Not just vehicles but every single thing that you own, ends up owning you. So if you would rather have freedom, you have to … Continue reading “Would You Rather Have Freedom or Stuff?”

Borrow From Future or Gift Yourself in Future?

Would you borrow a gift from the future or would you rather save up for a surprise gift in the future? That is how taking a loan vs saving works. If you take a loan, then you are borrowing money from your future. If you are saving, you will gift yourself a surprise in the future. Make your choice. In this post, I want to elaborate a bit more on step 2 of How to Retire Early in 5 Steps — Rid Yourself of Debt and Save Aggressively.   Debt is almost always bad because you are borrowing from your future, and … Continue reading “Borrow From Future or Gift Yourself in Future?”

How to Retire Early in 5 Steps

Achieving early retirement is not really as difficult as most people think. But it certainly is not for everyone. Some may not like not being able to work and stay at home, some may not be ready for the simple retired life, some may feel anxious about finances (even if their corpus is as big as they wanted it to be). Going into early retirement requires the stomach to handle all those and much more. For most, it may be fulfilling to work and keep themselves busy that way. For the rest, these 5 steps will help you get started … Continue reading “How to Retire Early in 5 Steps”