Tag Archives: indulgence

Swamusings ~ Pensioner Swamy!

6 Sep

Swamusings ~ Pensioner Swamy! 🤔👴🏻🙃

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Nearly five years (well, it’s a month shy of 4.5 years, to be precise) after his planned retirement👣, Swamy is now officially a pensioner, joining the league of his father, f-i-l & their ilk 👴🏻👵🏼, many of whom are still very much around, most certainly drawing a much better monthly pension (அரசாங்கம் வாழ்க). 🤣

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On this normal occasion (what, you were expecting some hyped up adjective like ‘momentous’ there, eh! 🙄), Swamy would like to express his sincere gratitude to his long term financial consultant Mr.E.Lakshminarayanan, for enabling the planned retirement to actually happen, and continuing to ensure Swamy stays retired, as desired. 💐🙏
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Needless to say, gratitude is also owed to Swamily 👪, who took his (earlier than) planned retirement, at a tender age of 45, in their stride, and for letting him do whatever he does 📚✍😌 (ahem, that would be ‘Read-Write-Meditate in mugglespeak), even though they aren’t quite sure as to what he does 🤷🏻‍♀, or if he does anything at all! 🤔😂🤘

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Anyway, here’s a piece of practical advise, for those of you who still nurture the dream of retirement, sometime in this lifetime…
☝If you don’t have a financial adviser/consultant yet, find one right away. Alternatively, you may simply call / text / WhatsApp Lakshminarayanan @ +918754468343 (don’t worry, he doesn’t pay any commission to me, at all).
✌️If you don’t have any of these among your existing financial products, viz. term insurance, health insurance and pension plan, start all three right away. Of course, all of them will fetch you some income tax deduction as well.
🖖 If you have not ventured into the markets yet (no sir/ma’ am, not the vegetable/fruit market that you frequent, but the equity market 🤦‍♀️), you shall forever remain unsure of your peaceful retirement. So get started right away with investment in mutual funds (the safer way for those who aren’t confident enough to directly invest in stocks), ideally through the SIP (systematic investment plan) route.
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You may have a well-paying job today and probably aren’t bothered much about your (and your family’s) future, which is the case with many professionals – including Swamy’s former colleagues. But there simply is no guarantee about a safer future, considering how outdated one can become so quickly, in terms of knowledge and skills, and how loyalty is a big sad joke, when it comes to organisations reciprocating that towards their employees. It’s imperative that you actively plan today, for a secure tomorrow, irrespective of however great yesterday was.

Just so you know, Swamy did all of the aforementioned investments (and then some), only during the later stages of his corporate career, starting from 2003/04, shortly after his decisive return from overseas. During the earlier stages of his budding career in the booming (at that time) IT services industry, he was routinely chided by his well-wisher boss (who eventually became his – only – mentor) about not investing a portion of his earnings, keeping the future in mind. Heeding to such sound advise then would have probably helped Swamy become financially safer much earlier in this lifetime, but one (hopefully) learns from experience and does necessary course corrections. As a matter of fact, a few SIPs are still continuing, long after Swamy has actually retired from his reasonably successful corporate career.

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Swamy isn’t rich by any stretch of imagination, and that was never his objective any way. But he is a content being, who isn’t unduly worried about the market fluctuations derailing his planned retirement, which is secure and stable, until this point in time. Of course, it helps that the indulgences of Swamily are very few and far between, which results in negligible discretionary expenses. But that doesn’t mean they live like misers. 4K TV, Amazon Prime, Hotstar and YouTube videos streaming via ACT Broadband, Airtel and Jio mobile subscriptions, occasional sweets & savouries from the likes of ‘The Grand Sweets & Snacks,’ automobiles with 2 and 4 wheels (with associated running & maintenance costs), a pet daughter (who is pushing 80s), donations to charity, frequent travel for Jr’s sports pursuit, feeding strays and birds, regular celebrations of festivals, seasonal online sale binges (mostly the gadget kind), unexpected (but rare, thankfully) medical expenses… all these and more are very much there at SwamyHome as well!

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A content way of living, with occasional indulgences but almost no impulsive expenses, simply helps stretch the safety net of one’s financial kitty, without having to start censoring the basic necessities for a decent urban standard of living. And that’s exactly what Swamily has been doing, from well before Swamy’s retirement. It certainly helps that all of us – the human beings in the family, that is – also happen to be meditators, following the guidance of our Guru, though only Swamy remains the serious seeker treading the spiritual path.

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Early or Planned Retirement is no black magic. It’s a possibility for anyone stuck in the survival plane of existence, provided there’s a focused financial plan, which gets implemented diligently, over a period of time, preferably with the guidance of a professional.

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If you aren’t even planning to retire at some point in time, in this lifetime, then when will you start doing what needs to be done to realise the real purpose of your life, as a human being… So, please Stop dreaming & just Start doing… Now!

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Be Joyful & Spread the Cheer 🙂
~Swamy | @PrakashSwamy
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