Ideas on Personal Finance
This article is part of the My FI Journey series – click here to access the full journey. Looking for Answers to the Big Two Two issues haunt me from the lost decade of my professional life: Busy Becomes Normal and No Financial Plan. To become less busy, I focus on becoming more efficient at work. I become obsessed with … Read more
Over the years, I have been pleasantly surprised at the benefits of Financial Independence / Early Retirement (FIRE). I have also been amazed at how hard it is to convince my friends and relatives to try FIRE (much less adopt it)! FIRE Reactions from Friends and Relatives Financial Independence (FI) has worked wonders for me. … Read more
A hilarious quote, but also astute. Often I have bought a stock thinking that I am getting a bargain and the price will go up. But if I was honest with myself, there were only a few times when I had done my homework and analysis about the company. The rest of the time, I … Read more
A great quote about investing from a legendary investor. Buffett is considered a legendary investor because he has the right temperament (amongst many other things). So he was really able to ‘buy low and sell high’. On the other hand, I have tried to make money by buying and selling shares – but have not … Read more
After reaching Financial Independence (FI), I am now creating an Early Retirement Plan. Below is a checklist I have compiled to help me think through the process. Importance of Early Retirement Plan Retiring early is a big decision! Just look around – how many people retire early. Not many, in fact, of the thousands of … Read more
Although this quote is centuries old, it is still relevant. It was instrumental in my FI journey. The biggest lever I used on my FI journey was not Earnings or Investments but good old Savings. As I was on the path to save more and more, I learned that frugality is a great virtue. Not … Read more
The quote on patience from the legendary investor Warren Buffet is funny, but I have found it to be true on my Financial Independence (FI) journey. When I started on my FI journey, I used to trade a lot. I used to buy and sell shares often. All in the hope of making a huge … Read more
The Best of Times… My professional life starts when I complete my MBA and join a management consulting firm. Life is great – I am working with marquee companies on their strategic projects. On the personal front, I marry the wonderful MrsFiner. We both love to travel, and consulting is an excellent career if you … Read more
After reaching Financial Independence, I am investing for Early Retirement in a low-cost portfolio that is conservative but also has some room for growth. Investing for Early Retirement: Safety First Rule Number One: Never Lose Money.Rule Number Two: Never Forget Rule Number One.Warren Buffett The above quote from the legendary investor Warren Buffett is funny … Read more
It is difficult to be pessimistic and be on the Financial Independence journey. Even though I am an optimist, there were some areas where I had to temper my optimism on my FI Journey. Optimism and Financial Independence Most people pursuing FI are, by definition, optimists (although pessimists may doubt this assertion)! People on the … Read more