Sunday, June 19, 2022

Big Decision: Working from Home in truest sense, finally !

 There are lot of breaking news on my side. The big ones are below:

a) I and Nina purchased NH road side land of 1 Bigha near Dudhnoi.

b) I and Nina are expecting our first child.

c) I and Nina are relocating to Agia, Assam.

d) I have started writing the most expected 'thing' of this blog - an autobiography.

These are some of the biggest decisions of any human life. I am glad I have been able to take all the decisions. The first two are easy (& obvious), last one is logical, though hard; but the third decision was bit complicated.


Regarding NH roadside land purchase , I have mentioned the desire multiple times in past posts. This opportunity came after I engaged Deuta (in law). He then sprang into action by engaging with multiple people, including Sanjib Da who came out to be crucial in closing the deal. There is almost NIL brokerage and bribe paid in the whole process of purchase until naam-jari, which completed just a fortnight ago. As on today, there is no payment pending to be paid. The financials , photos, my investigations are kept in separate folders. Deuta has been on the forefront on this endeavor.

Regarding the second decision, the effort started from 26 January after Nina returned home post the Republic Day participation. I never put pressure on her; it was her decision only to undertake this activity. I am sure she must have done her calculation. I was ready since I resigned from NSDC. We had a disturbed first 3 months as our efforts were not yielding any output. During April home visit, even families came to know about our failed efforts and we were sent to Jaikant Rabha for consultation (14 April). When her period of May got delayed we first took this very casually. Then the pregnancy test (10 May), rush to doctor's clinic etc. While the blood report and endometrial thickness confirmed presence of baby, the ultrasound did not. Ruble's marriage was to be attended in between, where we made sure the whole of Kerala know about it. The day we returned from Kerala (31 May), we went to doctor with second ultrasound. Everything is clear and visible now. We broke the news to families on the very next day. There is joy, only joy !

In this post, I am focusing on the third decision. The fourth decision is too aspirational and a separate post is needed.

On the very first day i.e. 10 May when we had to search presence of gynecologists and refer to Practo, when I had to take her to Rampal Chawk via scooty, when I entered the tiny clinic of Dr. Kalpana Agarwal, when the clinic provided a Alto to take Nina for Ultrasound, when I was coming back alone in the scooty in the scorching heat of Delhi, when I was not able to decide what to cook and what to make her eat, I started thinking seriously against staying in Delhi. 

But I had two big obstacles to overcome - agreement from Nina and permission from Office.

Nina's health deteriorated with time. Vomiting, nausea, no mood to eat, travel issues started coming strongly. We even appointed a cook (first time in my life), but, that was of no help. The Delhi heat became the most killer factor. With temperature touching 44 degree on everyday basis, AC became her only option. Me managing the office work side by side the increasing attention of Nina became super difficult. She herself realized staying in Delhi is not going to be sustainable. 

I started pushing the idea of complete relocation vocally from Ruble's marriage onwards. It was a big decision for me also. It has both sides for me, obviously the positives sides outweigh the negatives, I think.

1) I was sure I won't be able to handle Nina alone without a support system. I don't have a four wheeler, not a doctor friend in Delhi, no relative to come whenever there is a need etc even if I leave aside the weather and my office work. Even if I bring Maa or Maa-in-law, this won't help much because of reasons such as their age, the steps to the DDA third floor etc. There was in fact no support system I can rely being in Delhi.

2) I can't remain calm if there is pendency at office work. With the current stage of FutureSkills Prime and CSoD take-over, I foresee much engagement from my side. My health would have to take the burden.

3) I need to incur huge expenses on immediate basis if I decide to do the delivery in Delhi. Buying a car, appointing cook, connecting with a good private hospital with multiple tests, shifting (maybe) to a different society, buying new AC, paying for multiple air travels by various family members etc. I can avoid all of these if I simply shift my base. Hence, financially it makes much more sense to relocate.

4) Negative1: But working from Agia does not give me the confidence. I fear I will lose out. I keep telling Maa and Nina- my self confidence touched bottom in terms of office works whenever I am at Agia. I feel my career progression is halted. It might be psychological; staying in Agia and earning 3 Lakh salary per month is something unheard of. Maybe my inner self just can't accept that.

5) Negative2: People issues. Maa is not an easy person to handle. Bou too, but she is not in Agia and that's a relief. The overall Agian people - there is nothing much to learn and get inspired. But I am committed to change this attitude towards people. I will engage with positive people and find means to get inspired. Handling Maa will be my priority because she is my mother and I have responsibilities towards her.

6) Negative3: Household responsibilities. This is one item for which Delhi is the best. At Agia, no day will be passed without any household responsibilities. Now that third floor construction has started, there will be construction related responsibilities as well. Ailing and frustrated relatives, friends and neighbors- another big responsibility. 

7) Along with Nina's condition, the other factor that pushed me for relocation is my new endeavour of writing a memoir. I am 80% completed in the first section of the memoir. At different instances, I need input from Maa and other relatives. I believe this would be expedited. Also, I need to find a solution for typing the handwritten stuff my myself. In fact, I have made the shifting base is a target for me to deliver this item before Nina delivers Newton.

After convincing Nina and myself, the other obstacle remained - getting a buy-in from EdCast.

I was waiting for the CSoD HR policy to come out after the acquisition of EdCast. As expected (by me at least) CSoD announced a flexible working policy by which employees are allowed to work from anywhere they feel comfortable. The next challenge was to convince Mukesh since he already made me visit 3 times to Noida NASSCOM office for the increasing ask by Upmith/Pramod for an on-campus resource from EdCast side. I wrote to Vaishali (HR) first to get ger buy-in. Then in the most expected call with Mukesh on 2 June, I explained how I had been waiting to decide on a place to work since I joined EdCast. The lack of clarity for acquisition forced me to continue from Delhi, which is not my choice. Now that CSoD policy is out and I am entering 'father' stage, this is the right time to take the big decision. Mukesh could not say NO. Then I communicated the same in conversation with Atul. In the same evening, I wrote an email to HR keeping the relevant stakeholders in CC. My backup plan was to reach out to Nishchae and CSoD HR if this attempt would not have got materialized. Maybe, God was with me this time.


We celebrated the official approval by inviting Mamu, Rinku, CR and Lovely to Nina's birthday on 4 June and breaking the news, making a Instagram reel etc.

Reg notice to Dwarka house landlord, we were thinking of vacating by end of July as Maa (in law) was planning a trip to Delhi. However, NEZCC invited Nina for an interview of the documentation project she submitted at Dimpaur. This interview invite jeopardized our whole plan. Nina's ticket was booked for 17 June. Information to lanlord was given on the same day of official approval. To our surprise, she happily accepted. I took both the above events as positive signals of our relocation decision. 

Other decisions followed- should I keep some stuffs on rent basis at Delhi? Finally I made two lists- one for household items for sale, and other for shifting to Agia. I enjoyed the activities of listing down things for sale, attendingf arewell dinners, breaking the news to people etc. Finalizing a good mover and packer took time. Finally decided to get one with base location in Guwahati, finalized the deal at 17,000/- for door to door delivery and sent out all items on 15 June. 

Today I am writing this post sitting alone in the 'almost empty' house at Dwarka. Will you believe- one of the reasons for me going late ( upcoming train ticket on 26 June) is to write this particular blogpost. 

Bless me God ! I am at the cross road many crucial decisions and phases of human life. I don't want to make a mistake. Amen!








Thursday, April 28, 2022

Financial Year Review - FY2021-22

[Today is 24 April. I went home on 30 March and since then have been thinking of writing this FY review blogpost. Finally today, on my return journey via Sampark Kranti, I have started writing this at Kanpur Central junction]

Last financial year that started just after I and Nina shifted to Dwarka, witnessed 4 big ticket items:

1)  The investment on Jal Jivan Mission (INR 10 Lakh) and purchase of the NH-side land at Dudhnoi were the two major events in terms of investments. 

2) My shift to EdCast was another major event from income increase point of view. 

3) The opening of Reliance Nischit Samridhi wealth creation scheme and starting the VPF (Voluntary Provident Fund) were two events from future financial/life planning perspective.

One big event of last FY from earning perspective

4) On expense side, the travel expenses due to multiple home visits will stand out. Not much expenditure occurred during Moina's marriage from my pocket. Another item on buying car got deferred indefinitely. 

B. A quick Realization:

I am getting this feeling quite often these days that wealth creation is on top of my mind. This is more than the desire to produce some creative output, participate in any social outing or any other stuffs where I loved spending time earlier. However, my objective is not to become rich, but to retire from active job life with a passive income flow in place. One of the things that I am trying to put in place - how I can get a regular income month on month without doing anything. Next thing, I am trying to have 1-2 avenues where I can put my brain to make it bigger or big enough to provide some regular income. I wish this realization had come to my mind a few years ago. Particularly, while searching roadside land to buy, I realized I am late by 3-4 years to get an absolutely high return. Then I question myself- why did this happen? Is it the effect of staying at home for longer period during Covid-19 OR my marriage to Nina(not working fulltime) OR my salary crossing the psychological barrier of 33 Lakh OR Youtube videos OR just the age? I have not been able to fix on any one reason, but always, better late than never. 

C. Financial Planning for the future (even beyond FY 22-23):

1) Getting a regular income from immovable properties: This is a primary aim for me. I don't expect this to happen from the Mirza land as the road is still to be constructed. The Dudhnoi land is having the possibility, but I am waiting for 2 things - a) Georgman Marak to start his company work and b) the 4-lane construction to start at Purani Bhita. The other idea where I invested some time in the recent home stay was to buy a plot near Urpad beel for commercial purpose by partnering with someone (Mridul). 

2) Having a policy on equity: My MF portfolio is touching 10 Lakh in terms of market value. The stocks are also there. But I don't have any fixed policy on investing and more importantly on withdrawing. For example, my ICICI account is having only 2K and SBI having 20K with liabilities standing at 7.2 Lakh (Dudhnoi land) and 25K (ICICI credit card etc). Even in this pathetic scenario, I am not sure whether I should sell some MF or stock (mainly the MSFT stocks). I feel paralyzed by this lack of a personal policy with equity. 

3) Life and Health insurance: For health, I am solely dependent on office insurance. In case, I decide to retire from active job life, this is one important factor to consider. I have the 80D policy, but yet to go through the different clauses of the policy, mainly related to the partial withdrawal one. For life insurance, I don't have any term insurance, except the LIC's regular plan. The recently opened Reliance policy will provide a cover up to 24? Lakh in case of exigency. However, as on today, I am not much worried about life insurance than I am about health/accident insurance. Let me explore the 80D space more in this coming FY.

[Stopping now, will reach Delhi in next 4 hours]

D. How I performed against the goals set last year review blog:

1) Arrival of wife: As written last time, I made two separate trackers and delegated some responsibilities to her. It worked well, except the fact that I have to really push her to track expenses. She is not regular yet, but there is improvement. She handles sabji etc by herself. I stopped sending money to her as soon as she started working in MESC. Now that she stops working, I will start sending the 15K per month.

2) Cryptocurrency: Yes, I invested 1000/- by buying USDT in WazirX. I found the buying process very complex and still don't have full knowledge. After Govt mandated 30% tax on Crypto Trading, I lost the interest too. Let's see, I have not decided anything.

3) Rest: The other plans were reg change in data capture and which categories might go up or down. For example, transportation has slightly went up. But there is decrease in food and fixed asset. Huge decrease in personal compared to last year. Travel has gone up even in Covid days due to multiple home trips. Finally, the tax component has gone up exponentially.

E. Some numbers from last FY:

1. Total income - INR 28,93,413/-

2. Total expense - INR 46,09,678/-

3. Total lend out money to be received - INR 30,000/- (excluding Dada, Tapan)

4. Total liability (Mirza and Dudhnoi Land) - 1,16,072+7,22,000/-


F. The inflow table of FY 2021-22

Salary+Food walletMarket (selling of equity, closure, settlement etc)Loan Repay(includes EMI interest)Interest (Savings Account)Interest (FDs)Dividend (Equity, MF)Others
April3633277950256735404782600₹ 403,736
May1394566367360₹ 203,189
June1251446086731148857822707₹ 203,894
July139917867329650₹ 178,240
August139917312386731354₹ 153,067
Sept1980038673113123455180₹ 221,623
Oct1414308673841₹ 150,944
Nov14143086732869101780₹ 254,752
Dec867385251511325433540₹ 38,394
Jan48536610767326671460₹ 597,166
Feb18772625008673926₹ 199,825
Mar188179371558711896329015288,583.00
Total2249895173483251144028810798945219107560₹ 2,893,413
77.76%0.60%11.24%1.39%3.73%1.56%3.72%


F. The outflow table of FY 2021-22

Fixed AssetTaxNinaInvestmentGift/DonationFoodTravelRecreationPersonalTransportFirst/UniueTotal
April140001211311551418018518073150256728535440150371043
May163281961012980214415245249100240234516000191702
June1914911058564151940534300047272920117221
July2210119149445501014353624853613703675356140547366228754
August281491914935600101661560239660111517600202937201128545
Sept675538778165001823020004769200075572512287337241139215
Oct29643.621197150009688414004525267653659.72471564269973268491.32
Nov190002419730004292211499270266226938840295960754183188
Dec228000033654238845434255257601195667400101200247064
Jan211002602160915394057846203014254760150115699142524
Feb2160098674300025645328182350228649058581300070000490245
Mar22000982211386191743045234948312303968873463201101686
223,477505,276293,9762,788,578108,66852,500123,73428,51170,43448,422366,1034,609,678
Percentage7.72%17.46%10.16%96.38%3.76%1.81%4.28%0.99%2.43%1.67%12.65%159.32%


Signing off for this year, it will be exciting to see the next year. Maybe I should do a trend analysis once I complete a decade of expense tracking.