Tldr: No. Long answer below. When I was typing the previous post about on February 2021 update, I touched upon crypto. I felt it’s prudent that we get into more details. I’m sure you’re aware that the Indian government is thinking of banning any private crypto currency. I’d translate it as all coins currently not controlled by the Indian government. […]
read moreAuthor: Nomad Careers
Savings Update – Feb 2021
Last month has been way more work than I’d imagine for I’m purchasing a new apartment. I almost forgot how much work it is to follow up with the builder, agent and, the bank. To be honest the process is yet to complete and I’m yet to get the handover. Least excited about the paperwork but I’m hopeful that I’ll […]
read moreStock Market Experiment – Jan 21
As described in my last post, I’ve taken it slow and I’m enjoying trading in stocks even more. I’ve also introduced a new rule – Do not have more than three trades at a time Nomadcareers Initially, even though I tried really hard to not have more trades, I would end up trading in more than 5 stocks at a […]
read moreDiversifying in my portfolio
When I started my FIRE journey, I only started saving for and investing in mutual funds as that’s the advice r/FIRE tends to throw. Nothing against them and I’m eternally thankful their advice and passion. Without getting into the community I doubt I would have the confidence to take the plunge. When I started off back in 2018, I had […]
read moreI’m a landlord now
The last time I spoke about my EMI was when I used to update my savings update back in 2019. I’m glad I’m past that stage now as updating on savings and expenses is entirely ennuyeux activité. However, the updates really helped me in sticking to my extremely frugal budget. I still do the updates, they are on my spreadsheet […]
read moreStock Market Experiment – Udpate Nov20
Back in September I wrote about intend to jump into experimenting a little with the stock market with the aim of reaching profits of INR 100k in two months! What was I even thinking! For one, I just didn’t get the time to research on companies and make investments. Secondly, I pulled out some money from the base amount to […]
read moreHas BTC’s Bull Run Begun?
This afternoon BTC has crossed $15,000 mark and it has stayed above $15k for some time now. The uptick has halted just before reaching the $16k mark. My conviction in Crypto is even stronger. To be very honest out of all the reasons for using crypto, the most I’m excited about is the application for large bank settlements. The short […]
read moreWhy Can’t Millennials Save?
I’ve been living with the parents and a younger brother since the pandemic and it’s been a mess. I thought I would be able to save money but I’m spending even more than I normally would. Since both me and my brother are working from home, our electricity bills have gone over the roof. Home internet is patchy even though […]
read moreDo we really need six months to two years of emergency funds?
Before the Pandemic, the entire FIRE community was adamant on having six months of emergency funds. Before anyone even starts paying off their debts, it is advised to save up to six months of expenses. Now due to the pandemic, almost everyone is advocating up to two years of expenses saved. But do we really need them? There’s an alternate […]
read moreOther aspects of FIRE – Living sustainably
I’ve always been frugal, partly because of necessity and partly because of it being my second nature. When I came across MMM’s blog back in 2016, it was an eye-opener for me. I felt like this is what I was meant to do. The only hurdle — while I was already living the extreme frugal life, I didn’t earn enough […]
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