Sunday, August 26, 2018

Financial Freedom before age 45.


Article - Himanshu Gada


15th August 2018, India celebrated it's 72nd Independence Day. The entire nation erupted with a sense of happiness of being independent.

Let's go back in history on 15th August 1947 - 32 crore Indians felt like a free bird breathing happily in an independent nation

But - How many of us have thought of becoming financially independent before age 45?

Real Life Case :


Ankit Tiwari (Name Changed) and his spouse decided to retire by age 45 and enjoy a beautiful life in Nainital hills enjoying their passion of teaching music to the students.

How they achieved it?

Start Young - Ankit says, he planned it all in 2nd year of graduation. He used to do part time job and remembered his father's advice who was a financial advisor and gave him advice:

- Save and Invest First.
- Spend the remaining amount.

Every month, he put aside a small amount in investment and used rest of money on expenses, which he monitored closely.

Few days back, I was talking to some HR managers and they said that when they recruit, they prefer taking candidates below age 40. So, it becomes very important that :

1) We must plan to become financially independent before age 45.
2) And after age 45, we can take up our hobbies and make it into our profession.

How?

- By approaching a good financial advisor.
- Starting early with investment planning.
- Being disciplined by saving and investing first and spending remaining for expenses.

When we want to do our health check up, we don't just walk into a chemist shop and ask for medicines we saw on YouTube or read on Google. It can be dangerous to our health. We first approach a qualified and a competent doctor who asks our medical history, does a proper health check up and then suggest future course of action. If we listen to our doctor, even dangerous disease like cancer can be cured.

Something similar with our financial health. Like a good doctor, we must approach a qualified financial advisor which I would prefer to call as financial doctor who will do a proper need analysis (past history of our finances) and then recommend a proper solution (systematic financial plans), which will help us to get our finances on track and ensures that we experience financially independent before 45.

Once, we are financially independent before age 45, we experience happiness and satisfaction that we have achieved financial freedom and are free to follow our heart, follow our passion of taking up our hobbies like farming or music or travel or painting and convert that passion into profession after age 45.

I have been helping lot of people to get their finances on track. They did. 
Even, You can !

To know more, feel free to contact me on 9819881733 or 8169102388.


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