Wishing you all a very happy Independence Day! I still remember this moment from two-years ago. I’m extremely happy to say that since then I haven’t had a rupee in debt and I am well ahead on the road to financial independence. If you haven’t already, now’s really a great time to start working on […]
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 […]
Ouch! 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?
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 […]
Here’s the July, 2011 update: Predictably, my ERE Savings Ratio is 43% (43.70% if you count two decimal points).
I’m a big fan of ERE. When I embarked on my journey towards financial freedom last year, I followed many of the principles outlined in ERE, just that I didn’t know there was an official term for doing what I was doing. My ERE strategy is quite simple. Each month: I contribute first and foremost […]
I believe there is. The more I read-up on financial independence and financial freedom, the more I’m beginning to appreciate the subtle differences between these two terms — or rather, phases in one’s personal finance journey. Here’s what I have learned. Financial Independence = Zero-debt plus Adequate Emergency Funds plus Adequate Health Insurance Cover plus […]