-Kiran Bhave<\/p>\n\n\n\n
Well, did\nyou have your thoughts put together? Now this is tough, needs are limited, but\nwants are unlimited. <\/p>\n\n\n\n
So, let\nme ask you some simple questions to orient your thoughts. Let’s assume, you are\nnot planning to take an early retirement for whatever reasons and would\neventually retire at the age of 58 or 60. Are you sure, you’ve enough to\ncomplete all of your current and future responsibilities? Are you confident\nthat you’ll be able to plan foreign trips, your parent’s and family’s health\n& medical bills with the kitty that you’ve acquired till then? Forget about\nall, will you be able to sustain your current lifestyle without doing a single\ncompromise?<\/p>\n\n\n\n
Many of you will spring back saying I’ve purchased second home, piece of land, retirement plan, I’ve PPF, pension policy, SIP, MF, shares and the like. This is not the answer to my question. My question is whatever is your planning done so far, are you 100% sure that it will take care of your family’s need post retirement? I see a hesitation there to answer a LOUD YES.<\/p>\n\n\n\n
Now let’s\nget real, and take a deep breath for what I’m going to tell you further. It is\nnot something you’d like or expect to hear.<\/p>\n\n\n\n
Let me\npinch you that you have never sat down to calculate on a piece of paper to\nestimate what would be your expenses then. Once you hear that your eyes would\nbe wide open with jaws dropped. No exaggeration!!<\/p>\n\n\n\n
Now here are some facts – I used to purchase “Modern bakery” bread that was costing Re 1.75 in 1988. The same bread today costs Rs. 22 in 2018. (Update: Rs.32 in 2022). Mind you, that\u2019s the white bread, that no one eats today. So called healthy brown bread costs Rs.33 in 2018. (Update: Rs.50 in 2022). . 30 years later, in 2048, whether you want to trust me or not, in all possibilities, it will cost you in the excess of Rs.300 a loaf of bread! If your monthly expenses are ranging from 40000 to 80000 today, it will then be running into 3 to 6 lacs per month with just 7% inflation with NO upgrade in lifestyle. Your so called comprehensive pension plan \/ policy won’t even give you 40,000 per month. With that you will barely be able to pay your electricity bill then. Do you still think your retirement pldans and PPF and properties will take care of these expenses?<\/p>\n\n\n\n
Well, friends, here I want you to wake up to the reality that the statistics shows that those who retired at the age of 60 without giving any thought to their financial planning with random investments, had to start again some sort of work at the age of 64, whether they desired or not. Imagine your health conditions then as compared to today.<\/p>\n\n\n\n
I think that’s enough of horror stories \ud83d\ude42 although I have more with real examples, I’ll stop here. <\/p>\n\n\n\n
Now let me share a part of my story. I’ve taken my early financial freedom at the age of 44 years – 16 years before my conventional retirement age of 60. <\/p>\n\n\n\n
Which means, if I assume a life expectancy of 90 years, thanks to medical science, I have whooping 46 years to continue without a paycheck, which is actually more than my age!! Isn’t that stupid and insane decision with the above discussion? Those who know me, they know I am not a risk taker. My household was a single earner home, no inherited properties or wealth. All the planning is done from my Income alone. I am telling you this because, if I can do it, you too can do it.<\/p>\n\n\n\n
What\nmakes me so much confident that I’m sure that I’ll never have an issue? The\nanswer is simple, My Money trees are now tall enough and bearing fruits of\ndifferent colors and shapes that are sufficient for my current and future\nneeds.<\/p>\n\n\n\n
Now, how do you know your current and future needs? Here, My personal initiative of \u0905\u0930\u094d\u0925\u0938\u094d\u0935\u093e\u0924\u0902\u0924\u094d\u0930\u094d\u092f \u2122 can come in handy! I can save you a huge amount of time and efforts, as I’ve created a methodology based on my own experience and expertise of over 15 years and extracted into an easy to understand template. <\/p>\n\n\n\n
Many of you asked me that you have understood the necessity and would like to spring into action. I’ve a good news for you. With years of my experiments, failures, I now know what works and where are the pitfalls to avoid. I’ve come out with this precious methodology to help my friends achieve their life goals. <\/p>\n\n\n\n