After our first post, we didn’t write anything about our FI journey 😦 Not that we were busy, but it was plain laziness 😦 😦 Finally here comes an update (Better late than never!!!)…
We are very pleased to announce that our NAV (Net asset value) touched our FI goal on June 6th, 2014 !!!! Volaaaaaaaaaaaaaaa 🙂 🙂 Technically, now there is no need for us to earn, we can sustain (actually, lead a luxurious life) on the interest income from our investments:-)
Though, at ground level, not much has changed yet in our life after this milestone. He is still in a full time corporate job.
What has changed after FI ??
1. Stress has drastically reduced. Now we don’t worry much about unplanned expenses. Before FI, one unplanned expense and I would make everybody’s life hell (Everybody refers to ‘Koshika’)!
2. I have started enjoying corporate job more. It is just psychological, but who cares? Now I can leave my job whenever I want to and the fact that I don’t have to do this job till eternity – both these make the job a limited time offer and I want to enjoy this limited time offer as much as I can
3. We have drastically reduced our saving rates. Before FI, we were saving 70% of our in hand salary. Now we are saving just 30% of our in hand salary. With more money to spend the quality of life has significantly improved – We are sending Pari to daycare for 3 hours daily which gives Koshika some free time, we are almost going out on daily basis, lots of shopping, lots of travel plans in pipeline etc etc – who says money cannot buy happiness 🙂
4. Originally, Koshika planned to take up a full time corporate job after Pari turns one. Now Pari is almost 2 years old and Koshika is still not working (Oh yes, but she is still on a full time Mom job, apart from those 3 daycare hours) We have much more freedom and flexibility while deciding things.
5. Earlier I was spending all my free time reading about how to increase investment income, how to minimize expenses, how to become FI faster etc etc ….. Now I am spending most of the free time with Pari and Koshika!!!
Our immediate plans
1. Full time corporate job: Because of certain reasons, we have decided that I will not leave the full time corporate job as of now. When? We still haven’t decided.. For now, we just plan to go with the flow – currently I am enjoying my job and extra money 🙂 Tomorrow if I stop enjoying it, I can leave it immediately…. Wow what a feeling it is 🙂
Now that Pari is almost 2 years old, Koshika also at times gets an urge to pursue something. Who knows? She might start something of her own or join a corporate job (part time or full time)
2. Travel, travel & travel: During our journey towards FI, we curtailed our outings and travels big time – Now is the time to compensate!!! We plan to travel extensively this year (both short weekend trips and long trips). To start with, we have planned a 3 week India trip. We are leaving on 26th Feb 🙂 🙂 🙂
3. New experiences: Until now our life was very focused on achieving FI and somewhere during this single-minded focus, we have missed several pleasures of life. Now we want to reward ourselves and focus on experiencing new things – be it learning new skills, visiting new places, exploring unique stuff or meeting new people. We want to make each day more enriching and full of memorable experiences. We have also decided to document these new experiences and share with you through this blog – All such posts will be categorized under ‘Every Day A New Experience‘
4. Blog posts: Last but not the least, we intend to be much more regular with the posts on this blog. Let’s see how it goes.
In the end, we would like to re-emphasize that to achieve FI we have made sacrifices, every single moment, which was very painful – But now in hindsight, every sacrifice was worth. The freedom that FI provides is ‘Priceless’!!