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Things About Money That I Wish You Knew

March 31, 2017

 

Things I believe you need to know if you want to get your financial act together. 

 

 

Ever since people found out about my mini-retirement, they were naturally curious as to how one can go about doing the same, especially since I very obviously did not sell off my non-existent start-up for millions, or win the lottery, or obtained a sudden inheritance from a random relative like they do in those classic English novels.

 

No, it was much more boring than that, involving mostly common sense and lots of cultivated habits. But for me, boring is good.

 

Boring means anyone can do it. 

 

***

 

Now, in case the older Gen X bosses and heads of departments are freaking out, let me clarify that I am not advocating for my peers to all drop out from the workforce. Your work is a large part of who you are and is a gateway for you to contribute meaningfully to society, so it is not something to be shunned or trivialised. The world needs people to make the trains run and to do surgeries and to bake delicious cakes. The world needs YOU, so this is not a call to stop working. (This is why I call it my 'mini-retirement' - I fully expect to be part of the workforce again every now and then).

 

What I am advocating is having the freedom to do the work you want to do, and to stop treating your work as just a means to pay the bills (because that too would be a sad waste of your potential). The point is not necessarily to retire per se, but to be financially secure, enough that you can choose to stop and do something else, or still continue to work because you want to, and not because you have to.  

 

How? By giving yourself a huge security blanket in the form of a financial safety-net.

 

In fact, whether you want to work or not is irrelevant. Everybody, in my opinion, should strive for financial independence, even if y