We are already into the fifth month of 2025 and this is my first post of this year, that too a compulsory post. The work, study and family have taken over completely, leaving me with little time for my 'want' things.
 |
| Income from knowledge that I wanna more |
From the last FY, I started dividing my expenses into three categories - need, want and investment. Now, if I do a calculation for the year, my expenses on 'needs' are around 52% of my total yearly income, want - 5% and investment is around 66% of my total yearly income. Of course, as you might have guessed, my total outflow is 116% of my total inflow. However, there is no drastic change in this pattern of overly spending. In coming years, I would expect the Need percentage to come down once more salary components are added, which was a major hurdle of the last FY.
Getting a job was the priority when this FY started. Finally I joined one on 5 Sept. This had multiple implications on my finances of last year, most of them are negative.
1) No salary input drastically reduced my total earning of last FY. I earned ~24.4 Lakh (under all heads) which is around 12 lakh less than that of previous FY.
2) Income from knowledge or business was a disappointment. Although I was completely free to attend any kind of seminar/workshop, I believe, nobody calls an unemployed person. Majority of earning under this head (say, MATI) happened only after I joined in Shillong. The summary is - if I have to plan a regular income from knowledge, this has to be planned out, it won't happen just like that.
3) There is no real increment in my salary post joining as SeMT Head. In fact, it got reduced a little. Also, the monthly expenses skyrocketed as I moved out of house. That's on a financial standpoint. From all other angles, moving out of Agia was a good decision. Summary- never evaluate only the financial angle in any decision making. Life is beautiful because it is complex with multiple dimensions.
4) The hacking of WazirX put a dead end to my Crypto currency experiment. After Trump became president again, I tried to buy some more currencies, but WazirX is not allowing. I also don't have knowledge and confidence to try out again in different platforms.
However, let me look at the positive sides now, at least that are promising at present.
1) The earning from dividend (including SGB interests) touched around 62K in the last FY. My target should be to touch 1L per annum only from dividend, excluding the stock sell. Of course it is dependent on the market performance and dividend decisions. But, I should set a target.
2) The creation of recurring income flow from Mridul and Maa is another welcome step. The amount crossed 1 Lakh in the last FY. With Mridul, the invested amount is 3L now, and will be increased to 4L from May'25 onwards. For Maa, I can't be that strict; for example, she didn't pay two instalments in last FY, and I don't want to remind her formally.
3) I am also happy that my interest from PPF account finally crossed 1 lakh in the last FY. In fact, the total interest from savings and emergency FDs itself touched 90K around. This can be another target for next year to cross 1 L. Plan out.
4) My total equity investment (includes Zerodha, MFs and SIPs) for the last FY is 10.81 Lakh - almost double than that of my non-equity investment such as PPF, SSY, NPS etc. With the target to have 1 Cr equity portfolio, I must invest around 6 Lakh per year (with some weird and questionable assumptions). By far, I believe, this FY witnessed my highest annual equity investment. Market was also down, and I am glad to invest the amount.
5) I tried new financial instruments such as NPS Vatsalya for Rodali and RBI treasury bills via Nina. Both are experiments only and I need to gain further knowledge.
Some realisation and thoughts:
1) For immovable asset, I am in no mood to invest further in land, at least by putting own efforts. The first priority is to set the boundary and other things straight for the already acquired land spots in Mirza, Dudhnoi and also at Dalok, Agia College, Samaguri and Boragaon (for family). Many things are in hanging state in these plots. Karuna Da offered me some land near the plot he bought; I am a bit reluctant.
2) I no longer want to learn about futures and options after the volatility shown by the market and the statistics of the retail traders as displayed by SEBI. However, I need to formulate the strategy for selling.
3) Investing in self and Nina's career is something I am very convinced. Nina's ambition for doing PhD and the related expenses are huge forthcoming liabilities, which, I am simply writing as investment. I am also not much worried about the course fee increase at IITG for part time students and the monthly rent I am paying for the MSH. I am thankful that I have developed this mindset of 'investing in yourself'.
4) Although I am still not at that financial position to 'leave job anytime', but I am at a certain comfort level w.r.t. my financial health. This gives me immense pleasure and confidence. I am so grateful (to myself?) for taking certain decisions such as not taking house-loan, not buying expensive vehicle, not marrying an expensive wife, not borrowing and lending from people etc.
Inflow Table:
Outflow table:
No comments:
Post a Comment