Business
Hi Guys! Welcome to my first Little Saves Podcast. My Name is Abhi. The Little Saves podcast is all about Money. I will be talking a lot on how you can be saving money, managing money, earning money on the side, investing money and how to get the best returns on your hard earned money. Additionally, I will be sharing a lot of motivational success stories and my progress on investments, how much I have saved, profits and losses on my portfolio etc. My name is Abhi. I am 29 years old. I am Married with one beautiful 1yr old daughter. I am a mechanical engineer. Just like most mechanical engineers in India, I am also working in an IT company programming software. A job which I don’t like much. I started my career on a salary of Rs.7,000 per month 11 years back. Now, I earn about Rs.1.3 Lakhs per month, after taxes and deductions. Of this, I try to save about Rs.50,000 every month towards my FIRE Journey. I am on a journey to become Financially independent by the age of 40. Like I said, I am 29 now, and in 11 years, I want to be financially Independent. What is becoming Financially Independent? It is when I am no longer dependent on my job for my income. As an example, let’s say I need Rs.50,000 a month to live. Then if I earn 50K from passive income sources apart from my full time job, then I am Financially Independent. After this, I no longer need to worry about my job. I can continue, or quit! I started my FIRE journey 6 months back with Rs.10 lakhs savings. As of March 2020, I have around Rs.13 lakhs. My target is to increase this to Rs.5 CRORES. Yes, it is not an easy target. Specially for a lower middle class person like me, 5 crores is a lot! I don’t think my father in his entire working life would have made Rs.5 Crores. But I intend to get there! You are going to watch me and encourage me! I write a blog called Little Saves. You can check it out at www.littlesaves.com. While I love writing, it did not give me the satisfaction of connecting truly with you or the encouragement of having you support me on my FIRE journey. So, on this Podcast, I plan to do the same by talking directly with you. Talking gives a closer, more personal touch and I love it! My podcasts will be structured around 5 main categories: 1.) Monthly updates: This is my progress on investments, portfolios,how much money I made or lost in the previous month 2.) FIRE Movement: FIRE stands for Financial Independence & Retire Early. I will be covering, how it is in India, how someone from India can start following a FIRE Regime, different approaches and methods in FIRE, how-tos, how you can start and improve etc 3.) Personal Finance: This will be about best practices, tips and tricks on maintaining a better Personal Finance health. This can be about how to set financial goals, better budgeting, investing, saving, tax planning etc 4.) Passive & Extra Income: This will be able how you can start earning passive income. Apart from passive income, I will also be covering extra income. I have been freelancing for a long time now and earning money on the side. I will cover the various options available for you to pick up side hustles and gigs, how you can monetize your creativity and how you can start to get extra money. 5.) Deals & Reviews: This will be where I bring to you various deals that will help you save money or earn money. Every single deal I review are those I have personally tried out and invested in. So I will be sharing my experiences, proof of what I got out of the program etc. Gradually, I will start inviting experts and friends to share their experiences, tips and tricks around money. I have a lot of exciting ideas on my mind to grow this podcast and engage actively with you guys. Please stay tuned and subscribe if this seems interesting to you. I promise to not let you down! Stay safe, good bye!