From the beginning I was a good student. My parents encouraged me to excel
in studies and were oblivious to my financial education. My financial decisions
were taken by my father, of course, with my consent. Truth be told, I was also
not caring for personal finance and may be I was a bit afraid of the concept.
However, I was grudging my colleagues who analyze their pay slips every month
and are not afraid to take up any issue with payroll section.
In the process, I became an escapist and used to think that whatever company does, it does correctly and to the benefit of the employees.
This continued for 17 years. Ignorance is bliss, Right?
Then, as luck would have it, I wanted to advance my learnings and applied for MBA. There, in the course, I could understand the concepts of money, various instruments used for handling and transacting financially and more importantly, ways to manage one’s wealth. This was an eye opener. Slowly personal finance became a passion and books and internet became my primary sources of knowledge.
After my MBA, I started taking closer look at my personal financed. Till then, as I was not organized and having no knowledge in this field, I did lot of unnecessary and often useless investments. However, from my understanding, I could get the things under control and slowly clean my finance portfolio.
Books like Rich dad poor dad, and Millionaire fast lane, helped me in understanding wealth creation enabled me to clarify my needs in personal finance space.
As per my current understanding, my requirement is to accumulate enough corpus to get a passive income equal to the salary income. This will help me pursue alternate profession, which is nearer to my heart.
Last 5 years in this personal finance journey were eventful and am looking forward to the next 5 years which are promising to be exiting.
The reason I shared a personal experience is, I see many people around, who are not able to plan their future and financial needs clearly, resulting in uncertain future.
Please share your experiences and suggestions in comments.
In the process, I became an escapist and used to think that whatever company does, it does correctly and to the benefit of the employees.
This continued for 17 years. Ignorance is bliss, Right?
Then, as luck would have it, I wanted to advance my learnings and applied for MBA. There, in the course, I could understand the concepts of money, various instruments used for handling and transacting financially and more importantly, ways to manage one’s wealth. This was an eye opener. Slowly personal finance became a passion and books and internet became my primary sources of knowledge.
After my MBA, I started taking closer look at my personal financed. Till then, as I was not organized and having no knowledge in this field, I did lot of unnecessary and often useless investments. However, from my understanding, I could get the things under control and slowly clean my finance portfolio.
Books like Rich dad poor dad, and Millionaire fast lane, helped me in understanding wealth creation enabled me to clarify my needs in personal finance space.
As per my current understanding, my requirement is to accumulate enough corpus to get a passive income equal to the salary income. This will help me pursue alternate profession, which is nearer to my heart.
Last 5 years in this personal finance journey were eventful and am looking forward to the next 5 years which are promising to be exiting.
The reason I shared a personal experience is, I see many people around, who are not able to plan their future and financial needs clearly, resulting in uncertain future.
Please share your experiences and suggestions in comments.
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