Lean Waist, Fat Purse, Calm mind

Aiming for a lean waist, a fat purse and a calm mind.

[Lean Waist, Fat Purse, Calm mind @LeanRichCalm]

"The most important story in life is the one you tell yourself. Make sure it’s true."

Powerful read from @SahilBloom on the narrative fallacy and how to fight back. Worth your time. https://t.co/NYlUtesZjG

[Lean Waist, Fat Purse, Calm mind @LeanRichCalm]

This reaffirms @ravihanda ‘s 3 bucket strategy. The need for rebalancing annually is vital.

[HARSH ROONGTA @harshroongta]

3-minute read.

𝐓𝐫𝐮𝐭𝐡 𝐁𝐞 𝐓𝐨𝐥𝐝: 𝐓𝐡𝐞 𝐂𝐨𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧𝐚𝐥 𝐑𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐁𝐮𝐜𝐤𝐞𝐭 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐌𝐚𝐲 𝐍𝐨𝐭 𝐖𝐨𝐫𝐤— 𝐖𝐢𝐭𝐡𝐨𝐮𝐭 𝐚 𝐑𝐞𝐟𝐢𝐥𝐥 𝐑𝐮𝐥𝐞.

Most retirees split their corpus into a safe bucket and an equity bucket, and consider the job done. But the safe bucket will run dry unless replenished -- and almost no one has a rule for what happens then.

My latest Truth be told column in Business Standard (@bsindia) on why the replenishment rule is important and how it can be applied automatically.

Read the enclosed Article or on this link : https://t.co/hzfrln18J8

#RetirementPlanning #MutualFunds #PersonalFinance #WealthManagement #FinancialPlanning

@saurabhsmittal @securingLives @smtahil

[Lean Waist, Fat Purse, Calm mind @LeanRichCalm]

“Stock Picker “ is amazing. Loved the reference to Prof Sanjay Bakshi & John Hammond’s story. Looking for an Intelligent Fanatic-intense belief,calm obsession,irrational commitment and disciplined fanatacism.
@iancassel @ravihanda @Sanjay__Bakshi @GunavanthVaid @drprashantmish6

[Ravi Handa @ravihanda]

Would like to thank Dr Paul and his son Angad for making the Chandigarh event happen.

Without his and his family's support it wouldn't have been possible.

In the world we live today, it is surprising the lengths some people go to to help spread knowledge. May his tribe grow!

[Lean Waist, Fat Purse, Calm mind @LeanRichCalm]

@ravihanda spoke eloquently on Retirement. I love this slide. You either don’t have enough or you have enough but it’s poorly invested. The third option is when you’re wealthy but just refuse to spend. Living poor and dying rich is truly tragic.

[Lean Waist, Fat Purse, Calm mind @LeanRichCalm]

@ravihanda The ideal number should be 30% of net worth Most Indians feel this is too low. Too much house, too much car and too much vacation destabilzes a lot of retirement plans.

[Lean Waist, Fat Purse, Calm mind @LeanRichCalm]

Should your house count towards your net worth calculations? Most say NO. Why?
At a FIRE meet, (@ravihanda ) brought clarity to the debate. If you intend to downsize, you should include it. Otherwise not. Downsizing is an option that should NOT be automatically excluded.

[Lean Waist, Fat Purse, Calm mind @LeanRichCalm]

An optimum life requires good health, some money and a calm mind. A lean waist is a good surrogate for health. Financial independence which makes a job optional is a good aim. To be able to sleep well and deal with life’s issues with equipoise is a good mental state.

[Lean Waist, Fat Purse, Calm mind @LeanRichCalm]

What an inspiration!!

[Nithin Kamath @Nithin0dha]

Being content is the only way to true freedom. A person who embodies this is my father-in-law, Shivaji Patil
He was in the Indian Army & voluntarily retired as a Havaldar after losing his fingers to frostbite during the Kargil War. He started a grocery shop in Belgaum after. 1/5

[Lean Waist, Fat Purse, Calm mind @LeanRichCalm]

@rahulpassi Shiny shiny😂

[Lean Waist, Fat Purse, Calm mind @LeanRichCalm]

@smlungpathguy Any suggestions?