10 Personal Financial tips for the 2020s & beyond

We live in an era where wanting to be a freelancer/founder is natural. Some lessons from to live by:

#1 Relish the freedom! When we can work from anywhere, why be a slave to an expensive home EMI?

#2 Started earning now? Put 1.5 lakhs in PPF today. Our future selves will thank us for secure tax free returns.

#3 Sometimes we are optimistic & flirt with new stuff like futures/cryptos. And later we get scared & are only into FD/debt. Ring-fence both sentiments!

#4 Changing co.? We must transfer our EPF and not touch it till 60. We won’t earn pension. EPF & PF are our safest nest eggs.

#5 Investing in our own education is good but investing all into our own co. is foolhardy.

#6 Whoever devised (100-age) % in equity & rest in debt rule is god!

#7 Albert Einstein said ‘compounding is the 8th wonder of the world’. Dont spend a lifetime to learn it!

#8 Portfolio rebalancing is key. No single equity/RSU (except your own cos’ share) should be > 10% of portfolio.

#9 Profitability matters more than size – unless you are VC funded!

#10 Good relations, good health, cash flow, & trusted term life & health insurance are your biggest friends!