Ideas on Personal Finance
This article is part of the My FI Journey series – click here to access the full journey. A Lot of Questions! Financial Independence (FI) is not a mainstream idea yet. My friends and relatives were surprised when I told them that I was on the FI journey. Some thought it was just a fad that would go … Read more
Although I am a big FIRE fan, there are certain instances when Financial Independence (FI) may not be the right thing to do. Background on the List There is nothing that works for everyone, no matter how good it is. The same is true for Financial Independence (FI). Although I am happy to have been … Read more
Thinking of retiring early? These three steps helped me create my Financial Independence / Early Retirement plan. Financial Independence / Early Retirement Planning Financial Independence / Early Retirement is a worthy goal, but it requires a lot of planning and preparation. Planning for early retirement is also important because we are good at short-term thinking … Read more
This is one of my favorite quotes on Planning (the other being – ‘In preparing for battle, I have found that plans are useless, but planning indispensable.’ by Eisenhower). Long before I had a plan for Financial Independence (FI) / Early Retirement, I had a wish to retire early. I spend many years doing nothing … Read more
Compounding worked wonders for my Financial Independence (FI) journey. However, the key attribute to make compounding work is patience. And in this world of instant gratification, it is difficult to have patience. When I started my FI journey, the initial investments were relatively small. Watching them grow was like watching paint dry. At that time, … 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
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