One year of freedom!! Glimpses of life in Financial freedom

-By Kiran Bhave

When I resigned from my reputed job in LTI, I was quite sure about my plan. However, as a responsible project manager, one always needs to track planned vs actual and make up for the differences, if any.

I’m happy to share with you that 28 Feb 2018 was my last working day in LTI and today I’m completing  & celebrating 1 year of successful financial freedom!!

So, what’s the score card? This was my last year

My lifestyle – elevated to next level. Unlike many expect that after retirement, you’ll need to cut down on your lifestyle expense, I’m actually celebrating more than earlier because of availability of time.

Learning & Growth – Your experience seldom counts if not backed by qualified certification. In first few months, I went on spree to get myself certified in financial acumen to endorse on my wide experience in various personal financial instruments. It is the field I would be pursuing for me and my friends. So, this is what I’ve achieved so far

NISM (National Institute of Securities Market) is a SEBI (Securities Exchange Board of India) Enterprise – an arm that conducts examinations on various Stock Market related products and services.

IRDAI ( Insurance Regulatory and Development Authority of India) also has an examination body III (Insurance Institute of India) that conducts IC38 exam for in depth knowledge of Insurance.

Last year I passed following exams

Exam Name	Date	%age	Exam Body	Governing Body
– Investment Advisor – Level 1 – XA	7 March 18	84.75%	NISM	SEBI
– Investment Advisor – Level 2 (Highest) – XB	22 March 18	77%	NISM	SEBI
– Life Advisor – IC38	June 18	72%	III	IRDA
– MF Distributor – VA	November 18	81%	NISM	SEBI

Coming back to family life, it’s really enriching as I’m able to reach out to my relatives and friends like never before. My travelling has increased and so has the joy and happiness!!

Financial Status

This one is for many of my well-wishers, who are still unable to believe in my decision.

As I said my lifestyle cost is actually elevated because of the travel that I’m doing and celebrations that I’m participating with different groups of friends. I do my financial health check-up every 3 months and I found that I’m still at least 5% in excess in my kitty to be spent from the monthly expense basket!!

Remember friends, this is in spite of the stock market crash in September 18 and the low level phase of uncertainty that may last for another 6 more months at least. For getting the conviction that I have, one must study how the stock market works and why investing in mutual funds turns out to be the safer investment over longer periods of time.

Tours & Travel: As per the financial goals mapped in my planning, we availed 15 days Tour in Dubai in April 18 and 7 days leisure water sports tour in Kokan in December 18.

Besides, Now I get more time for my hobbies that is city farming, composting, Healthy & Natural living, visiting and helping the less privileged, electronics and so on. I’m also helping my friends to achieve their financial freedom and I’m happy to let you know that one of my friend will be achieving that in May 19

I can just go on writing on this but one experience is that because of the freedom I got, We were the only parents among friends of my daughter who were dropping and picking her up during her 10th board exam in her crucial times.

Friends, the purpose of this note is not to make you jealous but to create a dream in your mind that YOU TOO CAN DO IT and I’m there to support you!

Thanks and have a nice day!!