SOS — Savings On Steroids! What You Get When You Work Hard

by Vinaya HS on July 11, 2012

in Finance

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The past three months have been an “SOS” call but of a very pleasing kind. When I add up the salary that I have earned over the past three months, it exceeds the annual salary that I used to make about 4+ years into my professional career. And at an average salary savings rate of 53.34%, my savings look like they’ve been suddenly injected with a healthy dose of steroids! If my savings were physically sweating it out at the gym, they’d look somewhat like this –

Cartoon image of a bank passbook with muscles.

Sketch by D. Thanks D!

That’s “Savings On Steroids.” That’s an SOS I can happily live with.

Now, you usually don’t read about this on personal finance blogs, but your career when managed properly, can seriously accelerate your run towards financial independence and help bring-out your own cry of SOS.

Getting there isn’t really easy though and I can safely say that mine has come through the early years of very hard professional work (and that’s a trait I often find missing these days from someone just out of college) and financial sacrifices. I’ve often sacrificed on compensation in exchange for exceptional work and learning experiences but I find today that the very same sacrifices are now paying exceptional financial dividends.

Frankly, I wasn’t really very good at managing my career (financially speaking) until recently, but being debt-free for quite some time now and being well on my way towards financial independence, I find that I have a lot more leverage when considering career choices, negotiating compensation, and such. Once you get to this stage though, very interesting things begin to happen when the law of cause and effect begins to compound right in front of your eyes. Your high financial leverage directly let’s you negotiate the highest possible compensation. This high compensation then directly adds more and more to your already high financial leverage each month. You seriously become one big avalanche.

This doesn’t mean that you suddenly stop working hard once you get there. You certainly have to continue working hard (lest you forget what got you here in the first place) but then you get that super-mystical power to say “NO” to pointless meetings, meetings just for the sake of meeting, conference calls, and such and this frees-up even more of your time to actually work hard, to achieve what you’re hired for, and to prove how valuable you are [and consequently let the law of cause and effect compound things in your favor further].

The hard work apart, I must not forget the root cause for all of this successexceptional upbringing by my parents. How I wish they were with me today…I hope to be at least a tiny fraction of what they were.

I know I have their unending blessings from above.

But, what do you think?

Is the willingness to work hard a missing trait these days? What’s your observation?

Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.

{ 12 comments… read them below or add one }

Indian Thoughts July 11, 2012 at 10:43 AM

congrats.. was nice and positive read.

Vinaya HS July 11, 2012 at 11:32 AM

@Indian Thoughts

Thanks. Am glad that you liked the article.

Would like to have an entry from you as well for the contest.

Srinivas July 11, 2012 at 11:33 AM

Congratulations on your achievements on your financial journey.

I feel that this is the feeling one gets when one pursues a goal diligently and after some time realise that he/she is well on his was to that goal. I can empathise with points made by you, because i am also in such journey.

As regards new generation, it is true that indulgence is the main reason for all sorrows. This is true from Buddha’s time. Temperence is a perfect antidote. However, getting hold of one’s emotions is not easy, particularly in the current consumerist world. For our parents generation, it was relatively easy as there were no much temptations.

Roberto el Sandriano July 11, 2012 at 10:09 PM

You are one of those very few who have the depth to understand and credit their success to their upbringing. Nice!


Rakesh July 11, 2012 at 10:20 PM


Amazing stuff, you have managed your finances very well.

amol July 12, 2012 at 2:11 AM

congrats vinay and all the best for future
by the way, how long you are into professional career (job)

Anoop July 12, 2012 at 2:19 AM

Are you looking at some Investments sir?.. You can invest a small amount into my nanotech company ;)

raghu July 12, 2012 at 10:25 AM

congrats vinay..Have a great future ahead.

Vinaya HS July 13, 2012 at 9:46 AM

A BIG thanks everyone. :-) To be frank, I wasn’t really sure how this article would be received…

Wishing all of you great success with your personal finances as well.

Vinaya HS July 13, 2012 at 9:48 AM

@amol –

9+ years now.

momohatsana July 16, 2012 at 11:30 AM

I love your blog and the way you write and put across these “scary” financial jargons in a friendly way. It makes it easier for people like me who had no idea where, when, how, why to start. Thanks

Vinaya H S July 16, 2012 at 12:46 PM

@momohatsana –

Many thanks for the encouraging words. Especially on a Monday morning… :-)

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