I achieved financial independence at 35: My journey and lessons
A reader shares her journey to financial freedom. How it changed her life and how the formula for financial independence is simpler than we think!
Continue reading →Category: Financial Freedom
This is the archive of all our articles related to how financial freedom and early retirement (FIRE)
Fixed Income Investment Options For Accumulating Retirement Corpus
Everyone agrees that a good amount of equity exposure is necessary for building a retirement corpus capable of handling inflation when income from employment stops. This can be done via some mix of equity mutual funds and direct equity. What about the fixed income or debt part of the portfolio? Let us consider the investment…
Continue reading →How I Helped a Young Nuclear Family Invest For Their Children’s Future
When a couple has children, securing their future is a top priority. In this article, SEBI Registered Investment Advisor Preeti Zende discusses the case of a couple, Venkatesh and Latha who desire financial freedom but will have to secure the future of their two children first. She explains in detail how a family can plan…
Continue reading →Factors that helped me achieve financial freedom
SEBI registered fee-only investment advisor, S R Srinivasan (SRS) discusses his journey to financial freedom for the benefit of freefincal readers. This is the second part of his guest post. In the first part published yesterday, he talked about his approach and investment choices. If you have not read it, please head over there first…
Continue reading →How I achieved financial freedom and became an Investment Advisor!
SEBI registered fee-only investment advisor, S R Srinivasan (SRS) discusses his journey to financial freedom for the benefit of freefincal readers. You may recall that he recently wrote about the List of Mutual fund categories that you can avoid! (incidentally, this went viral!). SRS believes in numbers based insights and naturally, I find this appealing….
Continue reading →Creating the “ideal” retirement plan with income flooring!
Let us think about it for a moment: What is the ideal retirement plan? One that guarantees income for our lifetime, one that helps tackle inflation and unexpected expenses after retirement. All this with as low a corpus as possible! Yes, that does sound too good to be true. However, we can get close to…
Continue reading →The 4% retirement rule is wrong! Do not retire early in India (or US) based on that!
Avinash Luthria, SEBI Registered fee-only investment advisor explains why one should not retire early in India (or US or elsewhere) based on the so-called 4% retirement rule (explained below). I respect Avinash’s approach to investing especially his realistic views on risk and reward. Avinash Luthria is Founder, Fee-Only Financial Planner & SEBI Registered Investment Adviser…
Continue reading →Plan your retirement step by step with these five videos!
Here are five videos to guide a newbie step by step on how to plan their retirement. Please share these with your colleague/friend who has not yet taken their retirement seriously They can understand the importance of retirement planning, how to compute amount necessary for investment, how much to invest and where to invest for…
Continue reading →Do not make these 15 investing mistakes!!
Personal finance is personal and in general, it is incorrect to claim X or Y action as a mistake. That said, being judgemental (almost always with incomplete information) keeps human society together and I think it reasonable to list a few actions as unproductive and hence unnecessary. Harpring on these can be considered a mistake….
Continue reading →The world may run on money but passion is the fuel!
My mom had ear surgery a few months ago. The fee for the surgeon and the anaesthetist was surprisingly low! The former getting about Rs. 11,000 and the latter about Rs. 4,500. Is that low? Or is that high considering that both would do about 3-4 such surgeries a day and about 8-10 a week?…
Continue reading →Can I retire at 40 with one crore in India? Early retirement feasibility check
Can I retire at 40 with one crore in India? Is it possible to retire early in India with just one crore? Since the answer is not a simple “yes” or “no” let us do a how to retire early at 40 feasibility check with some reasonable and close to reality assumptions. First, it is…
Continue reading →Find out how much you need to retire in 15 mins: build your own calculator!
If you do not trust retirement calculators or would like customize calculations, or would like to understand how they work, here is how you build your own in just 15 minutes! So let us get right into it. You can watch the video version linked below in case few steps are hard to implement. Inputs…
Continue reading →How to create your own financial freedom plan – Paisa Vaisa Podcast Part 2
I was invited as a guest on the Paisa Vaisa Podcast hosted by Anupam Gupta, a CA and equity research consultant. The podcast was co-hosted by CFP Anees Rao. In the first part, we had defined what exactly is financial freedom, why it is for everyone and why we need to replace conventional notions of retirement and pension…
Continue reading →Why we need to forget about “pension after retirement” & focus on “financial freedom” – Paisa Vaisa Podcast Part 1
I was invited as a guest on the Paisa Vaisa Podcast hosted by Anupam Gupta, a CA and equity research consultant. The podcast was co-hosted by CFP Anees Rao. In the first part, we discuss what exactly is financial freedom, why it is for everyone and why we need to replace conventional notions of retirement…
Continue reading →Should I Make More Money or Spend Less?
If you had to choose between making more money and spending less, what would you choose? “Wait a minute, why should I choose?”, you ask? Good question! Let us find out if you have to make that choice (or do both) ! Now, I hate thumb rules because most of the popular ones are flawed…
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