Ideas on Personal Finance
A few months ago, I had written that the government wanted to cause a recession in order to stop the runaway inflation. Well, now that the government has managed to start a recession, it is worth thinking about what comes next. Why recession? Recessions suck. The economy slows down, job losses increase, and people feel … Read more
A quote that captures the essence of Financial Independence (FI). It basically frames financial freedom, not as something that can be used to run away from work, but as something that allows you to choose the work you want to do. Some people (like the Finer household) keep working even after reaching FI. But the … Read more
What is Financial Independence (FI), and why should I care? I had this question when I first heard about FI. Below is my take on the benefits of Financial Independence. The first three sections provide an overview of Financial Independence (FI). To skip to the FI benefits, go to the section: ‘Benefits of Financial Independence’. … Read more
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
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
Below is a highlight of my FI journey. It took a lot of time and had its own twists and turns. But, I am happy to have been on this journey, and now after reaching FI – I am looking forward to the road ahead… Chapter 1: A Lost Decade? Life before I started on … Read more