Retirement planning
Many of us willingly or un-willingly might have attended Amway workshop where videos of someone hammering clocks to emphasize on breaking their monotonous 9-5 job and living a happy life is shown. Few of my friends had bought the idea but i doubt they have reached a point where they can retire but these videos sow the seeds in people's mind of early retirement. Last year i met my friend's friend, Akash in early 40s, who was following this idea to get retired early. One day Akash met the financial planner, explained his financial status, his current expenses etc and queried when can he retire? He being working in IT industry for almost 20 years and living a simple and frugal life, he had saved quite a bit. Looking at Akash's finances and expenditure, the financial planner told him that he could retire at that very moment if he wishes to, from financial perspective. This was "Amrit" to his ears, i believe the same for many millions of other IT engineers, and he reti...