A Quick Primer on ERE

by Vinaya HS on January 3, 2013

in Finance

A reader wrote in asking for a quick refresher on the concept of ERE. Thought it’d be a mighty good idea to write on this topic at the start of the new year — so, you now have the entire year to work on it. I create this quick PowerPoint to illustrate the key points –

Note: Here’s the link to download the slides.


Using IIFCL Tax Free Bonds for ERE

by Vinaya HS on January 1, 2013

in Finance

So, here’s an interesting comparison that I did between using IIFCL’s Tax Free Bonds and one of my Regular Bank Fixed Deposits for my ERE strategy (I know it’s very very tax inefficient and I’ve been meaning to move away from these — this broad “let my investments become more tax efficient” theme in general being the primary goal for 2013 and hence this post on New Year’s Day).

Using IIFCL Tax Free Bonds for ERE

Note: I’d already locked-in into this fixed deposit rate very early in 2012 and hence the higher interest rate. But see the end of this post for a more realistic comparison were you to start today.

When you hit ERE, you’d typically expect to begin with by being in the 20% tax bracket (you’ll most certainly want to take a break from everything) and then ideally move into the 30% tax bracket (because ERE does not mean that you completely stop working, just that you do much much more of what you like and more money is always a welcome thing). This leads to some interesting observations –

  • In the 20% tax bracket, there’s a slight difference between the Regular Bank Deposit and the Tax Free Bond. But astute readers would have already caught that this difference is per lac invested and so the higher your sum invested the more significant would be the difference.

  • In the 30% tax bracket, there’s a huge difference between the Regular Bank Deposit and the Tax Free Bond. This is true of my situation today and it pains whenever I pay advance tax on such income (like I did last month).

But were you to start today, here’s what the situation would look like. Fixed Deposit rates have already come down a fair bit and that worsens the situation.

Using IIFCL Tax Free Bonds for ERE

Since there are a few more tax free bonds set to hit the market this quarter, it’d perhaps be a good idea to invest equal chunks across couple of these issues just so that the proverbial eggs are all not in the same basket. More on this line of thought and my “let my investments become more tax efficient” strategies in upcoming posts.

And before I completely forget, a Prosperous 2013 to you all.


How I View a Sum of Rs 1 Lac These Days?

by Vinaya HS on September 28, 2012

in Finance

These days, a sum of Rs 1 lac looks like this –

Fixed Deposit for Rs 1 lac @ 9% per annum with monthly interest payout

= Rs 9,000 per annum in interest earned before tax

= Rs 750 per month in interest earned before tax

= Rs 672.75 per month in interest @ 10.3% income tax slab

= Rs 595.50 per month in interest @ 20.6% income tax slab

= Rs 518.25 per month in interest @ 30.9% income tax slab

Since I’m currently in the highest income tax slab, each bundle of Rs 1 lac that I save moves me in the worst case Rs 500+ per month closer to my ere-goal. Save two bundles and I’m suddenly Rs 1,000+ per month closer to my ere-goal.

Psychologically, I think this breakdown into smaller targets seems to have spurred me. Rather than thinking along the lines of “Oh! I still need to save X-gazillion number of rupees and God alone knows when I will get there,” I now have started to think along the lines of “Oh! I only need to save Y bundles and I’m there.” Somehow this line of thinking helps.

Of course, it’s not possible to save a whole new bundle each month but if I can save a good number of bundles per year, all of a sudden that ere-goal doesn’t look all that far away…

Posted on a slow Friday afternoon. And I realize that I am dreadfully overdue on announcing the winner of the September Book Giveaway.


About three months back, I first wrote about the possibility of including high dividend yield stocks as one component of my early retirement portfolio. That combined with the little known fact that D has a keen interest in equity trading (seriously, she just started trading one day out of the blue and has become quite adept at it now) meant that I was passively watching — for some real world experience — if anything in D’s portfolio would yield dividends.

By chance, and I’m really lucky here, that happened twice.

First, TELCO with an average purchase price (including the trading cost of buying) of Rs 239.31 gave a dividend yield of 1.67% (Rs 4 / Rs 239.31).

Second, INDGAS with an average purchase price (including the trading cost of buying) of Rs 227.66 gave a dividend yield of 2.20% (Rs 5 / Rs 227.66).

Paltry? Yeah! (That annuity plan we recently tore apart was much much better.)

The other problem is that dividends are most often a once-in-a-year event while I’m looking at a steady monthly income. Or maybe I should consider having a few such annual payouts in my portfolio as booster income? Or maybe I should just give D a separate corpus and ask her to generate a target monthly income [from profits, say Rs 1,000 per month for every Rs 100,000 invested] through equity trading and have that feed into my ere portfolio?

More thoughts to chew upon.


Since I’m now on the lookout for ways and means for generating a steady investment income each month, my eyes and ears perk up at the slightest sight and sound of any financial instrument that would let me achieve that. That’s how I got interested in the LIC Jeevan Akshay VI Immediate Annuity Plan. Thought I’d quickly review this plan and see how it stacks up against my “targeted monthly investment income” strategy.

But first, some highly recommended pre-reading — features and benefits of this plan.

Now here’s what I think about this annuity plan –

  • Here’s the most important fact – Keep in mind that you, as the purchaser of this annuity plan, will never get to see your lumpsum money invested in this plan ever again once you’ve handed it over to LIC. You do have an option where your nominee or spouse gets back the lumpsum invested — but that’s only after you’re no more. Personally and financially, I’m still not at that stage where I can just close my eyes and handover a chunk of my money to LIC and forget that I ever had it. It seriously requires a big leap of faith which I might probably cross a few years down the line but certainly not today.

  • This plan is also a bit complicated with seven different flavors for paying out the annuity. The annuity amount varies with each flavor and once you choose an option it can’t be changed even when your personal situation changes (say when you get married and therefore you’d like your spouse to continue to receive the annuity when you’re no more or when you have a child and therefore you’d like to add him/her as a nominee). This lack of flexibility sounds pretty lame to me! Does LIC expect one to get through all of these stages (the minimum age at entry is 30-years) before thinking of buying this policy?

  • If you’re already married but don’t have a kid yet, the option that makes most sense is “#6 — Annuity for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on death of the annuitant.” But remember, when you do have a kid, you can’t go back and opt for Option #7 (see below) which is what you’d typically want to do.

  • If you’re already married and already have a kid, the option that makes most sense is “#7 — Annuity for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on death of annuitant. The purchase price will be returned [to the nominee] on the death of last survivor.”

I then ran the numbers for “example scenarios” for my case and got these results –

Lumpsum investment of Rs 5 lacs (service tax of Rs 15,450 is extra!) with Monthly Payout option –

Image of LIC Jeevan Akshay VI annuity calculation for monthly payout.

That works out to (2,990 x 12)/(515,450) = 6.96% simple interest equivalent.

Lumpsum investment of Rs 5 lacs (service tax of Rs 15,450 is extra!) with Yearly Payout option –

Image of LIC Jeevan Akshay VI annuity calculation for yearly payout.

That works out to (37,350)/(515,450) = 7.25% simple interest equivalent.

Compare that with something much much simpler — one of my Fixed Deposits that’s currently yielding (and will continue to do so for the next two years) 9.18% simple interest equivalent. That’s nearly 2% higher than the annuity!

Since both the annuity plan and the fixed deposit result in taxable income and both are subject to interest rate risk, it’s a direct apple-to-apple comparison. The annuity guarantees a fixed rate which as long as it is lower than the fixed deposit rate is disadvantageous to you. On the other hand, you don’t know what the fixed deposit rate would be say 5-years from today. So it’s a toss between predictability vs. probability.

I then ran some additional calculations to see how the yield would vary across lumpsums invested.

Image of LIC Jeevan Akshay VI yield calculations in Excel.

Download IconFeatured Download –
Click here to download the LIC Jeevan Akshay VI (Online) Excel spreadsheet for calculating your yield.

Link to image of LIC Jeevan Akshay VI yield curve.

As you can see there’s no big variation. I also didn’t see too much of a difference in yield across the age bracket of 30 — 40-years (when you’d typically expect to be looking at ere).

Finally, to wrap things up, I don’t think I will be opting for this annuity plan right away primarily because it’s a bit inflexible given my current family situation, the yields are on the lower side, and I’m a bit hesitant to send my money into the cloud.

How about you? Do you find this plan advantageous to your situation?

Funny thing is, a few days after I’d registered myself on the portal, an LIC Direct Marketer called me up and his advise to me was that since I was only 32-years old I didn’t need a pension/annuity plan but instead needed a Jeevan Anand policy.

Maybe I should email this link to him.


Thought I’d post a quick progress report 21-months into my ERE-journey.

The first chart shows how volatile my monthly ERE-savings have been over the past couple of years. It’s been super difficult to maintain a steady savings rate.


But, on an average, my monthly ERE-savings stands at 44%. (Total ERE-savings ÷ Total Income = 44%.) Not a bad figure to achieve over a 21-month window. But I do wish that it were above 50%!

The next chart shows how my ERE-savings have grown (new savings added each month plus any interest earned) over the past couple of years. There was actually a dip during one bad month.


An 80% growth from where I started isn’t all that bad but then again I do wish that it were a 100%. I think I’ll reach the 2X mark over the next 3-months (and before the 24-month mark is up).

Wish me luck and thanks for all your support and encouragement along this journey. I’ll constantly share my learning as I enter a new phase on this journey.


In my most recent early retirement update, I’d published the below chart –

Image of Chart showing Potential Income vs Expected Expenses

This chart illustrates potential monthly income earned and actual expenses incurred as a function of time over the past four-quarters. I’d explained these terms further by saying –

When I say potential income, I am referring to any passive income plus the income that I could potentially generate by liquidating all of my low-liquidity and medium-liquidity investments, consolidating it into one corpus, and earning a monthly interest off this corpus at an assumed average rate of interest. My first target is to have at least two successive quarters where the income line is above the expense line. Now, that would be something!

After I wrote that article up, I began thinking could not stop thinking why “just potential income?” By now, I have saved-up a pretty decent corpus. So, what lucky star am I waiting for to fall from the skies? Why don’t I actually start earning that monthly interest right away and see how much of that “potential” is really “actual”? The interest rates are pretty high and solid right now (especially around the 24-month tenure). So, I can actually begin to test the waters of early retirement while I continue to earn a pretty good salary from work.

These incessant thoughts got my head into a high-rev mode and I began to dig deeper into options that I could explore for generating a steady monthly income (because after the what, why, and when of a financial goal the real pain lies in the how to get there). I considered –

  • Fixed Deposits with monthly interest payouts

  • The Post Office Monthly Income Scheme

  • High-interest Liquid Mutual Funds

  • Debt/Income Mutual Funds

  • Monthly Income Plans from Mutual Funds

  • [And to some extent even] Annuities from Life Insurance Companies!

Each of these options has its own idiosyncrasies — investment style, lock-ins, income tax efficiencies or lack thereof, and so on. For example, you’re not really guaranteed a monthly income by a Monthly Income Plan from a Mutual Fund, the Post Office Monthly Income Scheme guarantees a fixed monthly income but locks-up your money for five years, an Annuity from a Life Insurer guarantees a fixed monthly income for quite a long time but you don’t get to see your money ever again, and so on.

All of that brainstorming and research was frankly overwhelming — seriously, once you get into the passion of early retirement, it starts to take a life of its own! To come back on track, I started to question my real intention — was it “To test the waters of early retirement?” or was it “To build the most optimized early retirement portfolio?” And that was pretty easy to answer. I really only want to test the waters of early retirement and therefore I simply settled on a “Think BIG, Start small” strategy.

So here’s what I’m going to do (or have already started doing) in the coming days –

  • Accumulate all of my high-liquidity savings and investments into a single corpus (say X). Most of these are anyway nearing maturity and so I don’t have to prematurely close anything.

  • Keep X/2 in fixed deposits with a monthly interest payout. I’m shooting for the 24-month tenures (or approximately, because in some cases 24-months plus 1-day gets you a higher interest rate!). But, on an average, the monthly payout seems to cause a discount of 0.07% on the published interest rates. So, if the published interest rate is 9.25% you’ll end up receiving 9.18% simple interest with the monthly payout option.

  • Keep X/2 in high-interest Liquid Mutual Funds (my research suggests that the yields here are a bit higher than what you get on the 24-month fixed deposit). Then withdraw exactly the interest (or gains) earned each month and add it to the above monthly payout.

  • Try to live off this investment income plus the passive income from a couple of other sources and figure out how to make ends meet. I foresee this to be a serious challenge — given the current pretty indulgent salary-based lifestyle (and that’s also why I want to test the waters of early retirement from this aspect as well).

  • I also want to retain the flexibility to discard this strategy at any time should it not work as expected (and the above investment choices would give me the needed flexibility). I’m also currently OK with having to pay any income tax that needs to be paid on the investment income. After all, my primary objective beyond everything is to test the early retirement waters from all angles.

  • As some of my other investments mature over the next couple of quarters, I will divide the proceeds equally between the above two investment vehicles. I’m also going to add all savings from my salary in the same proportion. The intent is to keep growing the monthly payouts.

  • Finally, overarching is the support and commitment that I have from D for this experiment.

I think it’s going to be a great challenge.

What do you think? Can you spot any drawback with this strategy?


[Sorry if this topic seems a bit advanced and haywire in its presentation but I felt it'd be good to share with you.]

I was reading-up on and strategizing the other day about the possibility of including high dividend yield stocks as one component of my early retirement portfolio. The general line of thought in this strategy is to buy and hold high dividend yield stocks and then use the dividends paid out each year as one of your sources of passive income.

Post my initial reading, here are some of the thoughts spinning around in my head –

  • The dividend yield for a chosen stock over a 5-year window should consistently have been above the post-tax rate of return on an equivalent debt instrument (possible benchmarks — a one-year fixed deposit or a one-year recurring deposit at prevailing rates of interest). Else you might as well stay invested in the equivalent debt instrument.

  • I haven’t even heard the names of most of the current highest dividend yield stocks (an example list). On the other hand, the stocks that I am comfortable and familiar with don’t seem to payout a high enough dividend yield (when compared to the equivalent debt benchmarks).

  • Does one need to even bother about capital appreciation in such a portfolio?

  • If picking individual high dividend yield stocks into a portfolio, when’s the correct time to recalibrate/churn the portfolio (because you can’t predict dividend yields)?

  • Or should I chuck it all and simply be conservative in a good old fixed deposit?

I think I need to explore more. But have you ever attempted such a strategy before? How did it fare? I’d love to hear your thoughts. Even if you haven’t, I’d still like to hear about any research that you might have done on this topic.


Perhaps the most often asked question/comment that I get is — “Why don’t you switch over to a more frugal car?”

Here’s their case. I’ve driven the Swift 60,000+ kilometers. The fuel efficiency that I’ve always got is 10 kilometers per liter (the rev line was breached on day one but because of that the car’s performance is a dream today). So, back of envelope calculations suggest a burning of 6,000 liters of petrol. At an average of Rs 65 — 70 per liter of petrol over the past 3-years, that directly translates to a burning of Rs 400,000 in cash! Wow! One more year and I’ll have crossed the purchase cost of the Swift itself. That is some achievement eh?

Image of 60000 Kilometer Mark on the Swift

But assuming that I had a doubly efficient car that burned the cheaper cousin of petrol, I’d hypothetically have saved up around Rs 250,000 by now. At an assumed rate of interest of 9%, that would have translated to around Rs 2,000 per month in the form of interest earned. Those 2,000 Units of Freedom would most certainly have pushed me a notch up on the ERE-chart.

But then again, I’d for sure be 2,000 Units of Happiness less happier. I think it’d actually be much much more than that because I happened to meet D about a month after I bought the Swift (and no amount of financial freedom can replace that happiness). So, on the Units of Freedom vs. the Units of Happiness chart, I’d be free-er but unhappier.

In general, I believe this to be a tradeoff that each one of us seeking financial independence would have to make at one point or the other in our lives. Based on what’s important to you, you either choose the freedom path or the happiness path. In my case, with respect to the Swift, I chose the happiness path which is why I spend a bunch on petrol each month without blinking an eye. That’s also why I have no current plans to switch to a more frugal car. I simply don’t wish to be less happier.

There, I just had to get that rant off my chest. Thanks for your patience in reading to this point. But have you ever had to make a similar choice before? If so, what did you choose?


One of the questions from The 4-Hour Work Week (note: there’s still some time left to participate and win a copy of the book) that really struck out was –

What is the pot of gold that justifies spending the best years of your life hoping for happiness in the last?

Déjà vu, because, a few months back, I had asked pretty much the same question when writing about the fallacy of traditional retirement calculations and had then followed-up on that post with this exceptional art of finance sketch by D –

An art of finance sketch depicting the fallacy of traditional retirement

I stand by all of those questions that I asked back then (in fact my conviction in them has only grown stronger). And then to add –

  • This problem is further compounded by the fact that the media is often plastered with ads (such as the one below) for traditional retirement that lure you towards that hypothetical pot of gold that magically appears out of thin air and falls into your hands the moment you turn sixty. But in a twist of fate, you then realize that due to some weird and arbitrary commuting (withdrawal) laws and fractions and compulsory annuity for the remaining fractions things don’t really add up to that pot of gold.

Image of an ad for Traditional Retirement

  • I haven’t invested even a rupee this far in any of those multi-decade pension (deferred-life?) plans and I don’t have any plans whatsoever to do so in future. Not even in the New Pension Scheme (which given the way things stand today could very well turn out into a No Pension Scheme).

  • Early retirement to me means voluntary paid/unpaid work be it of my own industry or for someone else (if you look around there’s an incredible amount of that available) and certainly NOT NO WORK or WORK FOR WORK’S SAKE (W4W as coined in the book)!

Finally, here’s another point from the book to ponder over –

[Traditional] Retirement as a goal or final redemption is flawed because most people will never be able to retire and maintain even a hotdogs-for-dinner standard of living. Even one million is chump change in a world where traditional retirement could span 30 years and inflation lowers your purchasing power 2 — 4% per year. The math doesn’t work. The golden years become lower-middle-class life revisited. That’s a bittersweet ending.

A commentary of thoughts running in my head…


Thumbnail of The 4-Hour Work Week Book by Tim Ferriss
I am totally hooked to this book.

I’ll say that again. I am totally hooked to this book.

I’ve only read through about a hundred pages or so, but each page has made me stop and think quite a bit about life, work, and personal finances. I’m so hooked that I wanted to giveaway a copy ASAP. This book’s going to make you seriously question every aspect of your life as you lead it today. Note that down.

Here’s a sample of what you’ll end-up answering –

  • What is the pot of gold that justifies spending the best years of your life hoping for happiness in the last?

  • Is it really necessary to work like a slave to live like a millionaire?

  • How has being “realistic” or “responsible” kept you from the life you want?

  • How has doing what you “should” resulted in sub-par experiences or regret for not having done something else?

  • Look at what you’re currently doing and ask yourself, “What would happen if I did the opposite of the people around me? What will I sacrifice if I continue on this track for 5, 10, or 20 years?”

I believe this book will be a revelation for you just as it has been for me.

Here’s how you can win a copy of the book –

Answer this simple question.

What are the top-3 financial mistakes that you’ve committed and how are you recovering from these?

Remember the more detailed your response is the better is your chance of winning the book. Leave your response in the comments section along with your email address.

I will announce the winner in about a week’s time. Thanks for participating.


While early retirement is my primary goal, a common feedback that I hear from readers of the blog is that I am quite vague when it comes to specifying absolute amounts and absolute figures with respect to my own situation. I’d really love to share these figures with you but the very nature of the medium where I have to share it also ensures that I can’t do so. As a middle ground, I’ll try and publish as much data as I reasonably can out here and if you’re really interested in the specifics just write to me and we’ll continue the conversation over email.

Here’s the first chart showing the percentage of high liquidity, medium liquidity, and low liquidity investments [in my early retirement portfolio] as a function of time over the past four-quarters –

Image of Chart showing Percentage of High Medium and Low Liquidity Investments vs Time

You can observe from the chart that I’ve slowly increased the low-liquidity investments over the past year in order to take advantage of the current interest rate cycle. In other words, I actively manage my early retirement portfolio to take advantage of any opportunistic market situations.

Here’s the second chart showing potential income and expected expenses as a function of time over the past four-quarters –

Image of Chart showing Potential Income vs Expected Expenses

When I say potential income, I am referring to any passive income plus the income that I could potentially generate by liquidating all of my low-liquidity and medium-liquidity investments, consolidating it into one corpus, and earning a monthly interest off this corpus at an assumed average rate of interest. My first target is to have at least two successive quarters where the income line is above the expense line. Now, that would be something!


The Art of Finance: The Lure of a Pot of Gold

by Vinaya HS on December 19, 2011

in Finance

I asked D to create a sketch as a follow-up to my post on The Fallacy of Traditional Retirement Calculations.

She created magic!


Sketch © D.

And here’s the complete set of responses that I received for the December book giveaway contest. I’ll announce the winner tomorrow.

Meanwhile, can you guess the winner?

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Around this time last year, I’d said that one my seven money resolutions for 2011 was:

To grow my Financial Independence Portfolio by at least 3% month-on-month and by at least 50% year-on-year.

I’ll hit 41%.

And I think that’s a pretty pretty good achievement. So, I went out and splurged. I bought a Samsung Galaxy S2 — something that I’d been eying for quite some time now. And no, the funds didn’t come from the Financial Independence Portfolio. That would be a disaster. Instead, the funds came from all the reimbursement bills I’d accumulated over the year but not submitted.

The S2′s a phone worth owning. Notary would agree.


ERE Savings Chart — October, 2011

by Vinaya HS on November 11, 2011

in Finance


As I wrote in last month’s update, I have indeed started a “stupid mistakes” savings goal. The intent of these savings is to have some real cash saved up so that my cash flow doesn’t turn negative whenever I make one of those “I shouldn’t really have purchased this but I did” mistakes.

I’m also expecting the ERE Savings Chart to bounce back up in November, 2011. That’s something to look forward to!


The Fallacy of Traditional Retirement Calculations

by Vinaya HS on October 6, 2011

in Finance

The more I read about retirement calculations in leading personal finance publications, the greater is my conviction that there is something fundamentally wrong with their methodology. Depending upon the particular case in hand (i.e. family being studied), I’ve seen figures of 4.5 crore, 6 crore, 7.2 crore, … , and recently even 14 crore thrown around. Big fancy numbers thrown up in the air but all backed by solid assumptions and mathematical equations.

Here’s a typical example:

  • Current monthly expense = 30,000

  • Current annual expense = 30,000 * 12 + a 10% buffer = 400,000

  • Assumed average inflation = 6%

  • Years to retirement = 30

  • Estimated annual expense during retirement = 400,000 * (1 + 6%) ^ 30 = 2,300,000

  • Assumed rate of return during retirement = 8%

  • Corpus required = 2,300,000 / 8% = 3 crore

Each such illustration leaves me wondering because,

  • Most of us never see more than a few lacs in our hand in the first one-third of our lives. Yet we dream about a big magic stash of crores waiting for us right at the end of the second one-third of our lives.

  • Have these experts/advisers who cook up such magic numbers out of nowhere personally amassed such a big stash using the same investment strategies that they now ask you to follow? My solid guess is that they too have seen just a few lacs here and there just like the rest of us.

  • There are no intermediate milestones. So, for example, you start with 0 when you’re 30 and end with the stash when you’re 60.

  • Inflation is always the shark. Equity SIPs are always the harpoon.

  • 30-years of waiting? For what? Give me a break!

I personally believe that ERE is way better a strategy. You don’t need to wait for 30-years. You don’t need a magic stash. You see big progress each month. It’s honestly motivating. I know because that’s what I strive for each day.

Don’t believe those traditional retirement calculations. There is a better way.

What do you think?


ERE Savings Chart — September, 2011

by Vinaya HS on October 3, 2011

in Finance



A pretty bad September. Expenses crossing ERE Savings in the wrong direction. Exactly what an ERE Savings Chart shouldn’t look like. Maybe I ought to have a “stupid mistakes” savings goal as well?

Do you have one?


My apologies for the prolonged delay in announcing the winner of the ERE-book giveaway. Finally managed to draw lots and the winner is Ashutosh Tewari. Congratulations! There will be another book giveaway next month. Next up on the giveaway list is I Will Teach You To Be Rich.

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Update on 24-Sep-2011:

My apologies for the prolonged delay in announcing the winner of the book giveaway. Finally managed to draw lots and the winner is Ashutosh Tewari. Congratulations! There will be another book giveaway next month. Next up on the giveaway list is I Will Teach You To Be Rich.

Here’s the August, 2011 update:


Again, nothing out of the ordinary. I seem to have settled into a sweet spot between all my needs and wants.

I completed reading the ERE book as well. The first half is an excellent read; the second half seems to be a rush through, but pretty useful nonetheless. I’d now like to hand this knowledge source over through a book giveaway. Here’s how you can grab the ERE book. Simply leave a comment explaining why this book would be of great benefit to you today. I’ll draw lots and announce the winner mid-September.


ERE Savings Chart — July, 2011

by Vinaya HS on August 3, 2011

in Finance

Here’s the July, 2011 update:


Predictably, my ERE Savings Ratio is 43% (43.70% if you count two decimal points).