What percentage of my salary should I invest each month?

What percentage of my salary should I invest each month -10%,20%? This is a common question in personal finance forums and now in Quora. There are several wrong questions that people ask when it comes to personal finance and this is one of them.

Announcement:  The Kindle edition of my second book, “Gamechanger: Forget Start-ups, Join Corporate and Still Live the Rich Life you want”, is now 70% off – Rs. 29.70 only (paperback Rs. 199). Grab it now! read more

Plan to Quit As Soon As You Start Working!

It was when my seven-year-old son declared that he wanted to be a fruit seller that I realised that the …. er … apple has not fallen far from the tree! Yes, I too had similar aspirations and I nurtured it for years until I heard the plight of a pharmacist. In this post, I discuss why we all need a plan to quit, as soon as we start working.

This was first published a few months ago when my second book was about to be published. I thought the titular topic is worth a revisit. read more

Can I Retire With Rs. One Crore Today?

Suppose we have Rs. one Crore with us today, can we retire with it? In this sneak preview of the freefincal Robo advisory template* let us punch some numbers in it and check what good is Rs. 1 Crore.

  • The template is free and open-source and will be released soon. It is currently being beta-tested by members of FB group, Asan Ideas for Wealth.

One Crore is a psychological or emotional benchmark for wealth. Financially it is just one followed by seven zeros with its value constantly eroded by inflation. That said, it is still a good chunk of money as we shall see below. read more

Why can’t I invest in 60% equity all my life?!

A friend asked me this question: “I currently have an asset allocation of 60% equity and 40% fixed income. My retirement is many years away. Why can’t I continue to hold 60% equity after retirement too? In fact, all my life?”. Since the answer is not a simple “yes” or “no” and since it can illustrate certain aspects of reviewing the strength of a retirement corpus before or after retirement, let us discuss this with the aid of an example. read more

How I Track Financial Goals Plus Two add-ons To the Portfolio Tracker

Here is a short video of how I track my financial goals – progress to early retirement and my son’s education. I have also linked two add-ons – a PPF tracker and advanced retirement calculator that can be inserted into the freefincal automated mutual fund and financial goal tracker.

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