![]() | #271 | |
BANNED | ![]() Quote:
Debt Free. Working for your passion. Enjoying the process. Stress free. You are living the dream! Last edited by navin : 31st October 2018 at 12:04. Reason: fixed typo in quoted post | |
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![]() | #272 |
BHPian ![]() Join Date: Oct 2007 Location: Blore
Posts: 428
Thanked: 183 Times
| ![]() Thanks Red Liner for this post. The above line made my day. Anyway, your post is something I agree with totally. Re-skilling/re-learning etc are not going to save you from the axe. Its not the lack of skills that risks us but how big pie we are eating. |
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![]() | #273 |
BHPian Join Date: Feb 2016 Location: Hyderabad
Posts: 60
Thanked: 55 Times
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![]() | #274 |
Senior - BHPian ![]() Join Date: Aug 2009 Location: Navi Mumbai
Posts: 1,097
Thanked: 584 Times
| ![]() So I think I should contribute here as I have just retired from my stressful IT middle management job in April at a ripe old age of 39. I have a decent little corpus which which gives me about half of my last take home salary and is frankly quite enough as I havent really splurged on an unwanted camera accessory, that has been a sink hole for my funds since the last decade or so. My wife works in a PSU which frankly isn't in a great shape but is steady. I have no home loans or any other financial liabilities, just a small kid whose studies are the only foreseeable expenses within the next decade or two. I plan to move to my home town where I made a house just about 7 years back and my current house in Mumbai will fetch me enough in rent to make my overall income to be more than even what I earned in my job. So a little planning is needed if you want to retire early. Life has been really good since I have left my job. No 7 AM calls, no 9:30 PM calls, no trying to prove my value to the company by doing nonsensical stuff that I never enjoyed and no pressure of the axe falling on me this year or in the next appraisal. Health is better, sleep is better, there is enough time to spend with the family. The current income flow is fine as of now but is bound to increase once I decide to move to my home town in a couple of years. I plan to become an entrepreneur soon, but am frankly short of ideas that excite me; however I am in no hurry to become one as well. Just enjoying retirement as of now. Last edited by Zappo : 31st October 2018 at 10:50. Reason: Typos corrected |
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![]() | #275 | |
Senior - BHPian Join Date: May 2010 Location: Bangalore
Posts: 1,070
Thanked: 3,774 Times
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Taking the decision to simplify is amazing, all of us think about it several times each day, but none of us actually do it. I wish you good health, peace of mind, clean air, and stress/traffic-free days! Edit: PS: I'm 39 too! Last edited by am1m : 31st October 2018 at 09:58. | |
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![]() | #276 | |
BHPian Join Date: Sep 2011 Location: Bangalore
Posts: 206
Thanked: 267 Times
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I am 39 too and I hope to be debt free in another 8-9 months as I am on track to close my home loan by then. So I will be in the position you are, minus having a decent corpus (except my Provident Fund) as most of mine and my wife's income goes towards part payment of the loan. And I believe I am severely underpaid. Need to explore some plans to form a retirement corpus somehow. Any pointers from your end would be very useful. Last edited by Oxy : 31st October 2018 at 09:55. | |
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![]() | #277 |
Senior - BHPian Join Date: Mar 2010 Location: Bangalore
Posts: 1,062
Thanked: 1,564 Times
| ![]() The corpus figures floating around which one may need after retirement are mostly exaggerated. Once your kids get up on their own feet, your expenses are going to take a major downturn. Food and medical expenses will top the list then. Going too much frugal or in FIRE mode can take the spirit out of your life. So stop worrying too much about the future, try to live out today the way you like. |
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![]() | #278 | |
Senior - BHPian ![]() Join Date: Feb 2013 Location: B'lore
Posts: 1,019
Thanked: 2,500 Times
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![]() May I ask when did you start planning about this exactly? I mean am sure it would have taken quite a while to finish off loans(if taken for the Mumbai house) and accumulating a substantial corpus. You talk about shifting to a smaller town. What happens to your wife's job and kid's education? They too get relocated when you make the move? Last edited by SoumenD : 31st October 2018 at 11:43. | |
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![]() | #279 | |
Distinguished - BHPian ![]() ![]() Join Date: Aug 2006 Location: Bangalore
Posts: 4,090
Thanked: 8,194 Times
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Looking at Delhi I am shocked that people still choose to live there. Is the Media over hyping the whole pollution thing or is it actually a fact? How can families who have the means to get out still continue to stay there and put their children's lives at such risk? I just dont get it. Congrats man. All you need now is for your health and loved ones to be on your side. Those are the only things important. Last edited by Red Liner : 31st October 2018 at 12:01. | |
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![]() | #280 |
Senior - BHPian ![]() Join Date: Dec 2007 Location: Gurugram
Posts: 7,930
Thanked: 4,636 Times
| ![]() @SPARKled' I appreciate your attitude. Anticipating a short working career you saved accordingly. You should not have too many woes. |
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![]() | #281 | |
Senior - BHPian ![]() Join Date: Nov 2009 Location: Bangalore
Posts: 1,716
Thanked: 1,917 Times
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![]() | #282 | |
BHPian ![]() Join Date: Dec 2009 Location: Bangalore
Posts: 879
Thanked: 1,485 Times
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I have a question for you. How do you spend your time? I read that you spend time with your family, but then you should get bored in no time. Having a job gives you things to do, you get to meet people and sometimes you get to go places. The one question that comes to my mind when I think about retirement is, what will I do after that? An extended weekend at home is enough for me to start feeling bored that I want to get back to office. Back in the old days during the dotcom bust, I got a pink slip and was out of job for about two months, and that was the most boring period of my life. If I have to fill my time after retirement with things like going to a club, travelling etc, I need a much bigger corpus that what I am building now. So, I'd like to know what you do with your time. | |
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![]() | #283 | |
Senior - BHPian Join Date: May 2010 Location: Bangalore
Posts: 1,070
Thanked: 3,774 Times
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A simple, inexpensive hobby perhaps? Maybe take up/pursue a sport. That will keep you healthy, active and enable a social circle of fellow participants as well. At least that's what I'd do. I already pursue a sport on weekends, if I had the means to enable me to not require going in to work everyday, I'd certainly take it up much more seriously. Other options are remote consulting, volunteering. Last edited by am1m : 31st October 2018 at 12:55. | |
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![]() | #284 | ||
BHPian Join Date: May 2008 Location: Bengaluru
Posts: 334
Thanked: 678 Times
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Link Do not deny the ill effects of pollution but is this an "outlier" case? The doctor treating him also opined that air pollution is "one of the causes" of heart attack. Even in a village with very minimal pollution, there are many cases of heart attacks. So directly correlating pollution with heart attacks, is in my opinion, a statistical aberration or wrong conclusion. | ||
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![]() | #285 | ||||
Distinguished - BHPian ![]() ![]() | ![]() Quote:
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4740122/ Quote:
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Last edited by arunphilip : 31st October 2018 at 13:44. | ||||
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