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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Calendar Girls
After Molly Baker’s husband died suddenly, her friends organized a year’s worth of support
THE GREAT WILDEBEEST MIGRATION
It's a spectacular sight when countless ruminants cross the Serengeti in search of greener pastures
Soumitra Chatterjee's Tryst with Destiny
The encounter that led a budding actor to a legendary filmmaker, and sparked an iconic creative partnership during the golden age of Bengali cinema
Frozen in Time
The life and work of Vittorio Sella, a pioneer of early mountain photography and the man behind some of the very first images of the Himalayas
HALLUCINATIONS
There was a monkey perched on the IV drip stand to the right of my hospital bed. It scowled at me, but I wasn’t afraid: A brief simian visit was part of my daily routine. I never questioned why there was a monkey in the hospital. I wasn’t lucid enough to recognize that my mind was playing tricks on me.
Music in the Air
Cuba is bursting with sound, and each region moves to its own defining rhythm
SHOULD YOU TRY A DETOX TREATMENT?
It's a popular new-year health habit. But science doesn't support it
Ringing True
He thought his late parents' wedding bands were gone forever
14,000-FOOT MIRACLE
The skydiver fully expected to die when her parachute failed to open. Instead, she's writing the next chapter of her life
I SURVIVED!
THREE UNUSUAL MEDICAL EMERGENCIES, AS TOLD BY THE PEOPLE WHO NEARLY DIED FROM THEM
