3 Years of Financial Freedom

Today, 28th February 2021, marks the completion of 3 years into my Financial Freedom! I had written a detailed article when I completed 1 year after taking अर्थस्वातंत्र्य @ 44. It still holds good. For those who want to read, It is available in this same blog.

Covid-19 Pandemic hit everyone’s life in the year 2020 and its aftermaths are still underway. Not only the street dwellers, but many well-off people were also affected because of the financial crisis that followed due to Global and Nationwide lockdown and the subsequent loss of businesses/jobs.

This was a critical test of everyone’s capability of managing their personal finances.

Many times, we take things for granted and assume that they will be there forever. For eg: We take our job, salary, increments, etc. for granted and plan to spend, as if the employer is obligated to keep our job, even if his business doesn’t do well.

COVID-19 pandemic added another big reason to prioritize achieving Financial Freedom at the earliest so as to ensure you won’t have to worry about the recurring expenses of your family that will continue to exist whether you are earning or not.

Every person saw their minimum monthly spending during the lockdown months! With restaurants, travel, and movie theatres non-operational, There was no way to spend for leisure expenses even if one had the money to do so!

2020 was a very good test of robustness and risk tolerance of my financial plan. I’m glad to share that with my years of study, discipline, and execution, there was nil to negligible actions I had to take to keep my plan intact.

One of the biggest advantages of my financial freedom was that I was able to help my friends, family, and society during the time of need, not only monetarily, but I could provide the much-needed physical time for families affected by Corona. It also helped me remain stress-free and mindful during the critical phase of lockdown when the world was looking in despair.

I also tried keeping up the moral of my friends by writing various articles on Facebook and my Whatsapp groups specifying how to sail through financially during these difficult times.

Here is another view of Financial Freedom. Life Insurance only pays when you are no more! What if you can create that sum during your working life span so that their survival doesn’t become dependent on that job, whose salary seems insufficient anyway?

You don’t need to be a Tata or Ambani to take care of your own family without having to work. That power is available to each and every person now and it doesn’t depend on your salary!

Yes, you should have started early, but it is never too late. So, take charge of your & your family’s life today and follow the simple steps of AS-44!

Or simply give me a call on 7977861550. I’ll be glad to help you out!