FOR 10 YEARS, I took a below-market salary. Instead, I opted for equity in my start-up. Intentionally, I paid myself last. Gambled on equity, but ignored savings. Convinced Flow-market salary. Instead, it would give me much higher returns. When things didn't turn out as expected, I was cash-strapped. When I needed money the most, I found myself with the least.
Saving isn't sexy
We should save. We get it. Yet, we don't. Because saving isn't sexy. Or fun. The future seems so far off.
"Retirement? I haven't even started earning properly yet! And we're not making enough money... And we'll miss out on life ..." Our friends are putting up reels of sundowners in Goa. Why should we save?
So, we postpone. We'll start tomorrow. Next year. Just not today.
But We should save.
Because. Life. Is. Crazy.
Almost like a Bollywood movie. One moment, we're happily dancing around a tree. Next moment, we're hit with medical emergencies, job losses, an unexpected death in the family.
Also ...
Because. We. Have. Dreams.
That house, that car, that fancy vacation. Plus our retirement. Our money today has to pay for our desires tomorrow.
Savings give you the power to walk away from a job you hate. The power to handle a medical emergency without depleting your reserves. The power to move into your own place. The power to live life on your terms. You don't have to give up what you love.
How do I start saving?
Unless you know why you're saving, you don't know how much to save.
Denne historien er fra March 2024-utgaven av Reader's Digest India.
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Denne historien er fra March 2024-utgaven av Reader's Digest India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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READER'S DIGEST-BOOKS
These book summaries highlight Siddharthya Roy's exploration of conflict and violence, Michael Castleman's deep dive into the history of publishing, and Swadesh Deepak's examination of social issues and masculinity through Hindi literature.
Man with printed sarong
A lawyer, pianist, critic, and mentor to artists, Lionel Wendt is best known for his photographs of Sri Lanka, especially those of people indigenous to the island, captured amidst the lush landscape or posing in his studio.
Too Much?
New studies show that even moderate drinking is a health hazard. Here’s a frank look at the toll alcohol takes on the body
ME & MY SHELF
Coimbatore-born Prashanth Srivatsa is a science fiction/fantasy writer whose stories have appeared in magazines such as Asimov’s, Magazine of Fantasy & Science Fiction and Three-Lobed Burning Eye, among others. Prashanth’s debut fantasy novel, The Spice Gate chronicles the journey of Amir, a young man born with special abilities who unravels the power that keeps the world in balance. magazines such as Asimov's, Magazine of Fantasy Science Fiction and Three-Lobed Burning Eye, among others. Prashanth’s debut fantasy novel, The Spice Gate chronicles the journey of Amir, a young man born with special abilities who unravels the power that keeps the world in balance.
Small Business, Big Heart
Caring for people is part of the deal at family-run shops
Spill the Beans
Everyone has secrets. Here's why you should share yours
It Happens ONLY IN INDIA
Angry lovers are like a box of chocolates, you never know what you are going to get.
FULL STEAM AHEAD!
I GOT THE CHANCE TO DRIVE THE WORLD'S LAST SCHEDULED STEAM TRAIN
Stressed and Worn Down
More and more people are clenching and grinding their teeth. Here's what to do about it
THIS BACON FAKERY MUST STOP
I was recently given bacon-flavoured dental floss for my birthday.