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9StockPortfolio
Senior Member
Joined: 10/Sep/2008
Online Status: Offline
Posts: 479
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   Posted: 29/Jul/2009 at 11:31am |
Janakji &
vsb2pwnIt seems that you have bang the target. I am 31 yr old and desperately want to get out of this rat race. Your messages are encouraging & i will surely make the plan to break away.
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Pursuit of Value
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gcpradhan1
Senior Member
Joined: 03/Jul/2007
Location: India
Online Status: Offline
Posts: 570
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Posted: 29/Jul/2009 at 11:48am |
Originally posted by vsb2pwn
Dear valuepicks,I may have answered to part of your dilemma of caught in web of obligations in my post on making daily living on stocks. Still as per my own experience with trials and tribulations of life, my advise to you will be as follows:First of all prepare your balance sheet- assets and liabilities, both material and intellectual seprately and evaluate.Secondly, List your Targets in time specified timeframe for next five years and your action plan for the same. Evaluate all pros and cons.Third arrive at minimum sustainable income you require as on date and ways and means you can safely and gurrantedly ensure that.Last but not the least Break Off , nay rather I will call Take Off Once you are sure that you have all neccessary ammution and equipment taken care of. Go with determination of a fighter in the battleground, to do or die.If your first three steps are well delibrated on paper (no oral thoughts please) , you know when to migrate as a sesonary bird. And if the time is not ripe do not be disappointed as this is not end of world and your time will come soon . and as Hitesh Ji 's Signature line says ....This too shall pass
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vsb2pwn Jee, This post is really very informative and proved as concrete guidance for person like me who has a strong desire to become freedom. Since this is from you practical experiences, this is very valuable. I learned that the strategy must be chalked out on paper itself. There is no place for ambiguous oral thought when we are talking about life ! Thanks a lot for sharing the details.
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Only buy something that you'd be perfectly happy to hold if the market shut down for 10 years - Buffet
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catcall
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 1076
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Posted: 30/Jul/2009 at 12:03pm |
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For those who are mulling over this issue , I would strongly recommend that you read the book "Rich Dad Poor Dad" by Robert Kiyosaki, makes excellent reading....
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There are two times in a man's life when he should not speculate-when he can't afford it and when he can-Happy investing!
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valuepicks
Senior Member
Joined: 10/Mar/2009
Location: India
Online Status: Offline
Posts: 180
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Posted: 30/Jul/2009 at 12:03pm |
Janakji & vsb2pwn,
Excellent posts from both of you. I shall make a plan as you suggested.
Will be good to see if we can have more responses from other TED members.
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smartcat
Senior Member
Joined: 29/Mar/2007
Location: India
Online Status: Offline
Posts: 4243
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Posted: 30/Jul/2009 at 1:58pm |
I became "independent" after 2001 because the company I was working for, went bankrupt. And since it was 2001, I didn't even bother applying for a job in another company.
Basically, it was fate/naseeb that pushed me into being independent - because the company I was working with initially, a VC funded startup, was so "cool" that I would never thought of quitting that company.
Now I just calculated that, since 2001, my networth has increased 337 times (CAGR of 107%) in the past 8 years through business income & stock market investments.
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chimak10
Senior Member
Joined: 30/Aug/2007
Location: India
Online Status: Offline
Posts: 1540
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Posted: 30/Jul/2009 at 2:07pm |
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337 Times!!!!!!!!!!!!
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9StockPortfolio
Senior Member
Joined: 10/Sep/2008
Online Status: Offline
Posts: 479
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Posted: 30/Jul/2009 at 2:07pm |
Originally posted by smartcat
I became "independent" after 2001 because the company I was working for, went bankrupt. And since it was 2001, I didn't even bother applying for a job in another company.
Basically, it was fate/naseeb that pushed me into being independent - because the company I was working with initially, a VC funded startup, was so "cool" that I would never thought of quitting that company.
Now I just calculated that, since 2001, my networth has increased 337 times (CAGR of 107%) in the past 8 years through business income & stock market investments. |
Wow.. that's gr8. That's why you are called as Smart Cat..
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Pursuit of Value
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prabhakarkudva
Senior Member
Joined: 16/Jan/2008
Location: India
Online Status: Offline
Posts: 1624
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Posted: 30/Jul/2009 at 3:03pm |
Smartcat ji,can we teddies buy a stake in your business 
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