Blog of Susmit Laha

We should be planning our 20s for our 30s, to push the plan further I made the blueprint for basic financial independence. (Note: It might be a kind of perfect retirement plan for many.) I found the perfect golden number, ie. 80,64,900.58. This is the amount of money you will be accumulating if you follow this planned 10 years course ahead. All you need to do is to invest ₹25,000 per month in equity such as index funds and stocks for the first year, then ₹26,750 per month for the second year (Here note that the deposit goes 7% incremental each year to cancel out the assumed 7% inflation each year), and if you do it for 10 years (assuming an average market return to be 13%), then the final balance with 13% market gains will be ₹80,64,900.58. Here’s the table to help visualise: And congratulations you have reached the amount you needed to be financially free and earn passively rest of the life! Here’s how: This table will help you visualise if the basic average expenses to be ₹25,000 per...

 Discover how small steps, positive emotions, and persistence can lead to remarkable success. Learn to leverage the compounding effect for your goals. Small actions compound into a bigger action Introduction: Have you ever found yourself dreaming of grand accomplishments but constantly postponing taking action? We've all been there. Let's explore how embracing smaller actions and positive emotions can transform your aspirations into reality. In this article, we'll delve into the profound concept of compounding, how to infuse positivity into your goals, and why persistence is the ultimate key to success. Small Steps Toward Big Triumphs: Often, the grandest feats begin with the tiniest of steps. Those monumental projects and dreams can be overwhelming, causing us to delay or procrastinate. The solution? Break them down into manageable tasks. By focusing on one small action at a time, you gradually build momentum, and before you know it, you're well on your way to achievin...