Nov 7th, 2017 – I completed a year after I left the corporate world.
A year back I had written this blog https://vak1969.com/2016/11/12/is-48-the-new-58-the-growing-trend-of-early-retirement/ – and a lot of people came back asking how the last one year has been.
How do you spend your time ? Did you have second thoughts after a few months ? Are you feeling restless ? Are you bugging your wife staying at home all the time ? Etc Etc …. So I felt its time to share how the last 12 months have been on what have I gained and lost.
In Summary : Its been a breeze – I have had no second thoughts and have been recommending to one and all to pull the plug. Now lets look at some of the key Learnings & Changes
TIME no longer manages me – I am the BOSS
TIME – Most challenges in life come because TIME dictates us. All our stress, tension , spoilt relationships is because TIME is in total control of us . The day has 24 hrs and you need to do a lot – so you start the day getting irritated in chaotic traffic and all thru the day you fight with TIME and its a losing battle. TIME is your ultimate boss and trying to constantly catch up with TIME wrecks your life.
I am now in control of TIME – I am the boss. The world looks very different when you don’t have multiple deadlines and time pressure. There is no stress – you look around when you drive , you stop by small stores in the neighbourhood , you talk to people in the stores, you admire the flowers in the garden , you observe the birds in the morning walk , you see things you never saw before – that is a Big Big WIN .
You may have over 500 FB contacts and over 1000 Linked in connects – but if you have a few genuine friends consider yourself lucky. When you are in a position to help people a lot of people keep in touch . For Employee discounts on Apple products , jobs and internships , special deals , references – that translates into 100’s of Diwali , New Year & Birthday greetings. All that vanished- and a few good people kept in touch , to be specific 3, and I am thankful to those 3 people (they know who they are). So your phone bill comes down – I downgraded from a 1599 Airtel plan to a 799 plan and I am good. I get worried when the phone rings and keep it in DND most of the time as the only people calling me are those wanting to sell insurance products or credit cards or Orphanages wanting charity
A Rupee saved is a Rupee earned
I was a flamboyant spender – never counted the pennies. But suddenly even if you have enough and more you become very cautious when the monthly pay check stops. It all started one day at the grocery store when I was buying butter and realised that Nadini , Amul and Britannia were priced Rs 40 , Rs 42 & Rs 44 – thats a 10% difference – all 3 brands work fine. The same veggies in two shops 100 m away could be priced differently by as much as 25%. I always had a cup of filter coffee at Adyar Anand Bhawan during my visits to Axis bank – now I drink the same coffee at Udupi Vihar next door – Adayar Anand Bhawan Coffe was Rs 15/- while the one at Udupi Vihar was Rs 10/-. Same goes with eating out – earlier a family Dinner was in the 4 – 5 K /meal range , we have now discovered lovely places with great food and ambience where it costs us 1000 – 1250 / meal. I never flinched while working paying 30 K / night for a hotel room – we now discover lovely hotels for 5 K / night.
Hotel Rooms , travel , dress , food – you name it – if you have the time to check out a few places there are amazing savings around the corner and without too much of an effort we were able to bring our annual expenses down by 25%.
Do it Yourself.
Indians are bad at DIY. Our parents were great – as kids we banged nails in the walls , took an entire cycle apart (and fixed it successfully), changed the scooters punctured tyres , and most households managed with 1 maid.
This week I saw in our building Whats App group a lady complaining that the electrician needs to be changed – she has not been able to change her fused tube light for 3 weeks since he did not come. Another complained that the laundry guy doesn’t come and pick up clothes for ironing. A very good friend calls up HDFC bank to deliver cash at home – we have lost it. And I had lost it too. But now I am starting the DIY journey – and its linked to both TIME and MONEY.
When the laundry guy increased his rate from Rs 5 – Rs 6 ( a whopping 20% increase) my monthly bill went up from 1250 to 1500. I started ironing clothes – 10 a day , most of them are easy to iron – in 20 minutes I can iron 10 clothes – and I am sure I will get better with time. Now you are no longer dependent on anyone and you have saved Rs 1500/- Same with the driver – he hardly had work for 3 hrs a day – his cost to me was Rs 18,000 / month – I let him go with a months notice. We now manage with UBER / OLA and we call in a driver for Rs 350 for 3.5 hrs twice a week – all of this put together costs us less than Rs 6000 /- month – a saving of Rs 12,000.One way of looking at it is I saved 1.44 Lacs – the other way is I just paid for 3 holidays in a year.
We live in comfort – but having a driver who is utilised for 3 hrs a day is unnecessary luxury. My next step is working on reducing our maids from three to two – lets hope that happens soon. For a start we are already washing over 100 utensils a day.
It takes time to change HABITS – but I guess my habits are changing , from becoming extravagant I am now thinking twice before spending money.
And now to answer the main question everyone had for me – How do you spend the day ? Its easy the day flies by – I have watched 3 movies and almost no TV this year. The day can be split into 3 clear sections
On an ideal day I wake up at 4 AM , meditate for an hr , Chant the Gayatri Mantra 108 times and do Yoga/ Walk for an hr. That between 4AM – 8.30 AM.
We have an early lunch Ashram style piping hot freshly cooked at 9.30 AM. Then from 10 AM – 2.30 PM I have free time to check out mails , make some money on the stock market , read , go shopping , visit Chai point for a cup of tea, go to the bank etc etc
Before the kids come we make some snacks and then its pick up and drop to Tuiton classes , Music Classes , art classes etc – most days that keeps me busy till 5.30 PM. Then I run for 5 Kms (40 minutes) on the treadmill, come home , Chant the Mrityunjay Mantra 108 times , have dinner by 7 PM , spend time with kids and off to bed by 9 PM.
I travel every month to some place – this year has been great and have covered Binsar, Dunagiri , Andamans , Goa , Bandipur , Tiruchi , Chidambaram, Kanchipuram – and I have Kodaikanal planned in early Dec and Cal / Bhubaneswar / Konark in end Dec. I completed a 10 day Vipassna program and went to Valley of Flowers for an amazing trek. Not just that we discovered 14 new places in and around Bangalore in our Fusion day trips. There is no dearth of things to see and do in India. I learnt swimming ( but got to practise more – Bangalore cold weather not helping) , tried my hand at learning Kannada and failed miserable. Spent a lot of time in doing the interiors for my Villa. Improved my cooking skills , perfected my vegetable chopping skills and with my dish washing ability I am now a great backup if the maid takes leave.
So its been a wonderful busy productive year – not a day have I sat back thinking ” so what do I do today ? ” And I am sure that the next year will be equally busy and productive.
I gained a lot – and I lost a lot – I have lost my anger ( most of the time) , lost my restlessness and have worked on the two most difficult things in life – reducing EGO and minimising DESIRES. I am healthy and fit , 6 kgs lighter and my Fatty Liver which used to erupt every month has troubled me only once this whole year. ( this will go down in history as the most expensive cure for fatty Liver and GERD)
My family sees me at home a lot – and I guess they are happy because they grumble when I say I am taking a few days off. My wife gets to travel more as now there is someone at home to look after the kids.
The essence of my new life is based on 3 fundamentals
- Nothing is permanent – everything will pass
- You are responsible for everything no one else
- My belief in destiny has got stronger – do good and good will happen to you
I am happy that I took the tough call to leave a high paying job at Apple at 48 – No Regrets at all. Its helping me inch forward in my quest for Truth.