Well well well, strange times now, where financial well being of individuals have always been slippery for the unplanned or the 90% of the workforce, times like these have made it even more tough to strive for financial independence (FI).
But it’s true, it makes individuals look into FI with more seriousness and an even more desire. Every business has its ups and downs and if you are an employee or the employer, risks of cyclical slow downs and a surprise virus attack is something which we should be prepared and let’s start with the preparations right now, shall we?
Look, I am not a finance guru or a philosophy student nor am I an MBA in finance. I am just a normal corporate guy with decent amount of experience in making personal finance mistakes and aggressively working for a FI future in the next 8 years. I will be breaking down by steps to achieving the same in the post’s to come, a weekly which I will be uploading every Sunday evening.
Things which I have consciously tried, tested, and out of the many options the ones which worked well for me, I will share them with you all. Mostly, all my steps would be in the Indian context, financial instruments curently best in India. But general rules should be universal. Further to my little not so clear introduction to myself in the paragraph above, I work in an MNC and was a totally mismanaged earner till about 2 years back. I have pulled back my gear, sat down, understood the importance and the luxuries of a financially independent life and a potential FIRE(financial independence retire early) and my desire to reach that in the next 8 years, phew..for my last lines for this week – think and work towards a high double digit pay raise in the current organization or switch to a new one!
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