Under the Yoke

Where are you and where are you going?
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fiby41
Posts: 716
Joined: Tue Jan 13, 2015 8:09 am

I could spend all year, never blow my stash

Post by fiby41 » Fri Jul 29, 2016 10:04 am

From this post onwards, there'll also be a section on what I'm spending on and costs.

Static reserve index means how long savings will last at a fixed monthly expenditure, Rs 10,000 is what I've set for me.

Dynamic reserve index means how long savings will last at current month's expenditure- if you spent at that level every month until it lasts.

-Rs 970 bus pass
-Rs 45+65 medicine
-Rs 1,500 Sem3 textbooks
-Rs 1,010+510 reevaluation and exam fees
=Rs 4,100

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fiby41
Posts: 716
Joined: Tue Jan 13, 2015 8:09 am

coffee makes it possibl to get outta bed and chocol8 mak eat worth while.

Post by fiby41 » Sat Sep 17, 2016 9:35 am

Current Year 2

College:
Tuition Fees 103090
Development Fees 10310
Gymkhana 200
E-Charges 50
Ashwamedh and Indradhanushya 30
Disaster Relief Fund 10
Cultural Activities 6
Exam Fees 870
Insurance Charges 442
Convocation Fees 0
Alumini Fees 0

Maths-3 6000
Circuit Transmission Lines 6000
Analog Electronics-1 6000

Bus pass:

810 * 2 months 1620

Textbooks:
500 kept for
Neaman for Analog Electronics-1 and TechMax for Object Oriented Programming Methodology

Exam:

1510 revaluation
Mumbai University would be bankrupt and would have gone belly up by now if it wasn't for revaluation, ATKT and answersheet photocopy monies.

Health: 1155

Total: 135783

Some money for a box of chocolates bcoz I'm a spoilt brat and every1 noes tat coffee makes it possibl to get outta bed and chocol8 mak eat worth while.

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Josué
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Joined: Tue Aug 23, 2016 5:48 pm

Re: Under the Yoke

Post by Josué » Sat Sep 17, 2016 4:26 pm

I admit that I've only skimmed through your posts (a lot of data to process) but I have a question: do you consider moving out of India once you graduate? If no, why not? I guess ERE would be easier outside no?

You seem to be a very well rounded person for a 17 year old (your first post), I congratulate you for that. I certainly didn't have the knowledge you have at that age.

JamesR
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Joined: Sun Apr 21, 2013 9:08 pm

Re: Under the Yoke

Post by JamesR » Tue Sep 20, 2016 4:58 pm

Have you considered quitting school and focusing on becoming a highly skilled freelancer instead?

You could go into something like web development or mobile phone development, etc. You can easily teach yourself most of this, do some personal projects to build your own portfolio, put some of your projects on your github.com account, etc.

If you have 1-2 years of solid experience with something like Ruby on Rails, or React, or Meteor, you should be able to earn something like $20-30/hr as a freelancer on upwork.com or elsewhere.

The problem in India is that everyone is going for credentials.. When everyone has credentials, the value of that becomes diluted..

You could be fiby31 if you were to skip the conventional path and focus on building real work experience instead.

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fiby41
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My headspace is limited, there's no room even at the back of my mind

Post by fiby41 » Tue Nov 08, 2016 2:50 am

Image

Practical exam, theory paper and crash course (CC) dates.

OOPM: Object Oriented Programing Methodology
DE: Digital Electronics
AE-1: Analog Electronics
CTL: Circuits & Transmission Lines

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fiby41
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Joined: Tue Jan 13, 2015 8:09 am

So much on my hands, I have to give my sisters a fistbump

Post by fiby41 » Sat Dec 03, 2016 10:19 am

Image

Examination dates

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fiby41
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Re: Under the Yoke

Post by fiby41 » Thu Dec 29, 2016 12:12 pm

1 Thank you Josue and JamesR for your replies. I'll consider your suggestions.

Yes, quit India is an option. There are these tests foreign companies need us to take before we can apply like GRE, TOEFL. Yes FI would be considerably faster in some countries.

No, quitting is not an option. I'm so invested that at this point I might as well keep going. I should have real work experience seems like good advice.

2 I got the jio 4G SIM. No data charges until 31st March 17 so spending here is nil.

3 Demat account opening- Almost there. Just need to courier in the printed application form and do the online payment.

4 Still yet to learn how to ride a two wheeler.

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fiby41
Posts: 716
Joined: Tue Jan 13, 2015 8:09 am

I got digits in my calculator, dividends and bank accounts Broker like an aggregator, making money, making clout

Post by fiby41 » Sat Jan 07, 2017 5:24 am

My father retires in 2030. FI is only possible in this city when a higher salary including HRA House rent allowance is coupled with living with my parents in their govt quarters. We will be forced to vacate this flat in 2030 and move, assuming father does not get an extension.

I'll graduate in 2019 (hopefully!)

This leaves me with a time window of 11 years to make a run for the money in this race against time with fiby32.

In next post I'll run the numbers for fiby2030

Brokerage, Demat, trading and commodity accounts active. Now just have to transfer funds from bank so I could start buying.

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fiby41
Posts: 716
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What's a little change to a pocket full

Post by fiby41 » Sun Apr 23, 2017 4:16 pm

Data consumption:

This is relevant to the The Role of Free Luxury thread. Internet is like a luxury. When data charges are low, I end up consuming more GBs. There's a name for this phenomenon, all I remember is the Hedonic treadmill. Other example from the blog, is when a family uses a washing machine, they end up washing clothes more often and with lower loads per wash. Do you know what this is called?

I wanted to track this. That way I'd know which plan was best for me depending on how much maximum I could consume when there was no cost barrier. But I didn't do the tracking.

But here are the stats logged by my phone

Jan 4 GB
Feb 9.2 GB
March 10 GB
April 24 GB

I wasn't sure if I wanted to continue. Not because the price, speed, usage etc. The plans are great. But because I end up spending lots of time. Currently I'm solving for being all clear in sem 4. Money, data, time are so all freely adjustable variables.

April was high because I'd just start a movie download which would make other net use painfully slow and I'd rather get something real done instead. Id be like lets get this much work done , by then this would've been downloaded and I could watch it later. Some of the movies didn't seem as interesting as I thought when I was bored. Other times Id binge watch movies back to back.

I didn't want this to become an addiction I cannot live without. On demand cheap entertainment has its perks though.

Classes:

We have 6 subjects in sem4 and all are mathematical so classes are offered for all of them.

I joined for all except Control System. There were many reasons for joining for CS but main reason was it was on Fri 6 to 9 pm and the next day Sat Id also have morning 7 to 12 Microprocessor and Peripherals MPP and 1 to 6 pm Signals and Systems. This was not possible for me. To be attentive for such stretches of time. Only one person I know did all tree subjects. Others did a combination of two.

I wanted to join after MPP class ended after 6 weeks. But waited for internal assessment to get over, misplaced cheque, decided to join the short term batch... Short duration batch was never made for CS and MPP (due less number of interested students?)

I'm worried about CS now. Now things I need to do/my options to pass:

1 Crash Course of control systems
2 Learn atleast Nyquist plot and Bode plot from a friend
3 Get past year's university question paper solution.
I'll call tomorrow morning to check if they're available yet.


Math 4 8500
SS 7000
Analog Electronics-2 AE2 8500
MPP 7000
Wave theory and propagation 7000

Total 38000

College: is now over. No lectures. Tomorrow is Software Simulation lab SSL, Math4 Tutorial, Signal System Tutorial , these three journal submissions. Then we'll have 3 practical exams and viva/oral exams for the 3 labs: SSL, AE2, MPP.

Transport:

Bus pass 2410 for three months ending 11 April. Now 50 for round trip to college. 24-32 round trip to class. 70 for college-class-home (I haven't had to do this yet since pass ended. ) Pass only covered home to college route so had to take ticket for remaining route when taking bus from college to class, class to home, home to class and class to home (last two for sat and sun.) Used a prepaid card for this that gives 5% extra on the recharge amount.

Home to class takes almost same time by train just more sweat but costs less. Home is 15-20 mins from station, 10 mins in train, 5 mins walking to class. By bus I have to 3 mins walking to bus stop, waiting time, alight stop1 takes walking to ward the station, crossing the bridge in scorching heat over station and to class on the other side. From alight stop2 3-5 mins walking but lower bus frequency and more crazy driving here for crossing.

Bus wins
(almost most times anyways.)

AC: 38500
Got AC for the first time after nagging parents. 4-5 years too late. Both of them have ACs at their offices. During PLs preparatory leave before exams Im home alone sweating profusely in summer throughout the day. I wanted them to save some thousands by buying and keeping during winter when the AC market is down and deals and bargains could be had down to 32k-35k range. But its their money and father got it at the height of summer, when half the summer was already over for a preety markup.

They went to a far place to buy chairs but got the AC from quite nearby, when closer that the chair shop is a stop called Air Conditioner Market, known for its , well you guessed it, ACs.

Rant: Also I was going to use one of the chairs to be bought so naturally I wanted a say in choosing what chair Id ise/ spend so much time on. Unfortunately father delayed this until my Saturdays were no longer free and only Sunday mornings were free. And now I have to ise/live with their (overpriced) chair (Choice.)

Investment:

Finally had my commodity account opened by Feb mid but I thought the market was at a crazy high. Especially after demonetization. It went even higher after the Uttar Pradesh UP election result (most populous state). And further higher by the end of the financial year.

My risk appetite is now high as

1 123k have been in savings account for too long now , 2 years for the 73k and 1 yr 6 mo for the 50k
2 I turned 50k of of above into FD
3 So that I could invest rest in mid cap mutual funds

Large caps PE ratios are very high. Parents are insisting I invest soon and it's not good to let this much money laying around (it's nothing for them, but its almost half my savings). I feel the markets are too overvalued. But if the GST goods and services tax bill gets passed through the center and states, this will actually bring the PE ratios of large caps from FMCG fast moving consumer goods to pharma lower due to uniform taxation and increase in revenue.

And I don't know what to do. What help I need and where to look for it.

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bryan
Posts: 727
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Location: mostly Bay Area

Re: What's a little change to a pocket full

Post by bryan » Sun Apr 23, 2017 5:30 pm

fiby41 wrote:
Sun Apr 23, 2017 4:16 pm
Signals and Systems.
This was the hardest course at my University for Comp. Engineering majors. The winning strategy for me was 1) focus on learning the concepts, theory during the lecture and study 2) use the Schaum’s Outline to see how to do the problems for tests.
fiby41 wrote:
Sun Apr 23, 2017 4:16 pm
Investment:

Finally had my commodity account opened by Feb mid but I thought the market was at a crazy high. Especially after demonetization. It went even higher after the Uttar Pradesh UP election result (most populous state). And further higher by the end of the financial year.

My risk appetite is now high as

1 123k have been in savings account for too long now , 2 years for the 73k and 1 yr 6 mo for the 50k
2 I turned 50k of of above into FD
3 So that I could invest rest in mid cap mutual funds

Large caps PE ratios are very high. Parents are insisting I invest soon and it's not good to let this much money laying around (it's nothing for them, but its almost half my savings). I feel the markets are too overvalued. But if the GST goods and services tax bill gets passed through the center and states, this will actually bring the PE ratios of large caps from FMCG fast moving consumer goods to pharma lower due to uniform taxation and increase in revenue.

And I don't know what to do. What help I need and where to look for it.
The psychology behind investing is tricky. I think most here on the boards don't like the advice from MMM, Bogleheads, etc to just put all our money into total stock market funds. There are many alternative ways of investing that work well with ERE. So maybe you can focus on those aspects even more? For securities, http://portfoliocharts.com/ is useful for constructing a diversified portfolio you are more comfortable with. I've found my own diversified portfolio to work for me as I am happy to continue investing into the "over-priced" market with the knowledge that I will easily outperform ~TSM portfolios during a correction or crash.

Jason
Posts: 416
Joined: Mon Jan 30, 2017 8:37 am

Re: Under the Yoke

Post by Jason » Tue Apr 25, 2017 4:29 pm

(1) Your maturity is astounding. I wasn't as mature as you when I turned 41. I guess I'm still not. Not that it says much.

(2) With your intelligence and determination, why stay in India? Trying to place a caste system in a democracy will always prohibit central authority and India will never have the state structure to truly promote capitalism i.e. yes you make automobiles but you drive them alongside cows and rickshaws. Go West young man.

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fiby41
Posts: 716
Joined: Tue Jan 13, 2015 8:09 am

If insane people are rich, why should I sit around? Walk around the house in a hospital gown

Post by fiby41 » Wed May 10, 2017 7:20 am

bryan wrote:
Sun Apr 23, 2017 5:30 pm
fiby41 wrote:
Sun Apr 23, 2017 4:16 pm
Signals and Systems.
This was the hardest course at my University for Comp. Engineering majors. The winning strategy for me was 1) focus on learning the concepts, theory during the lecture and study
Thanks I'll keep that in mind.

Consumption:

Spent 470 on previous years question papers.
Data consumption from 26 Apr to 10 May, 14.41GB

Assets:

PPF public provident fund 500. Need to put the minimum of 500 for this year also to keep it going. Maximum is 2.5 lac. Interest was dropped to 8.25% this year. But keeping it open will give tax deduction when I have a job. I've opened it last year, so I'll be able to withdraw/close it and deploy the amount to better use in/for FI.

Bank:

PPF 500 8.25%
Bank account 1 100 4.5%
Bank account 2 100 4.5%
Bank account 3 500 4.5%

Investments:

Bought my first (3) investments!

Rationale for buying mutual funds:

If everyone spent their time into becoming star stock pickers/beating the market, who'd do brain surgeries and fly aeroplanes?

From 1 April the brokerage started offering 'direct' MF for flat Rs 50 monthly fee. There are no commissions for these so the expense ratios for these are lower than the same plan if taken through 'regular plan'. The difference comes out to be around 1% between returns of the direct and regular funds I compared.
Taking it as Rs 600 a year, I'll have to invest more than Rs 60k for the difference to be of value.

DSPBR Small And Mid Cap Fund - Direct Plan
(Growth)

₹ 35000

HDFC Small Cap Fund - Direct Plan
(Dividend - Payout)

₹ 35000

L&T Cash Fund - Direct Plan
(Growth)

₹ 11846

The cash fund is liquid and has no exit load. Return is better that saving account and I can sell it when I need cash for an opportunity. Catch is minimum investment should be atleast 10k.

EQUITY ACCOUNT VALUE ₹81,846.55

COMMODITY ACCOUNT VALUE ₹89.65

Yesterday sensex and nifty reached their highs :( as meteorological department predicted normal monsoon rains.

Fixed deposits:

50k @10.5%
50k @8.25%

Total: ₹1,83,136

5% of goal reached.
Reserve index: 1 year 6 months and 9 days.


When comparing MFs I also found about Monthly Income Plans MIPs. These seem ideal for post FI. They pay out fixed ammount or percentage (I'm not sure which) monthly but the capital gains YoY year on year are generally in the negative.


Things I want to do/wishlist:
1 Learn to use a firearm
Get licence for it
There's an indoors shooting range 25-30 mins travel one way. Not very frugal but I haven't enquired there yet.

2 start swimming- a swimming pool is really close (5 mins) but the cost has been detterent so far. Cue swimming in lake thread.

3 get driver's license
4 own some bitcoin
5 Join a yoga class. Presently at best my yoga is amateurish.

Jason
Posts: 416
Joined: Mon Jan 30, 2017 8:37 am

Re: Under the Yoke

Post by Jason » Thu May 11, 2017 5:10 pm

I'm guessing you actually understand the bitcoin thing, but those Winklevosses look like genetically engineered date rapists. They actually make Tony Robbins look marginally human.

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fiby41
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Re: Under the Yoke

Post by fiby41 » Thu May 11, 2017 10:28 pm

Jason wrote:
Thu May 11, 2017 5:10 pm
I'm guessing you actually understand the bitcoin thing,
Only as much as I could understand from all the links posted in the bitcoin thread.
Jason wrote:
Thu May 11, 2017 5:10 pm
but those Winklevosses look like genetically engineered date rapists. They actually make Tony Robbins look marginally human.
:lol:I first read date as data.

LiberateMind
Posts: 111
Joined: Fri Oct 26, 2012 8:18 pm

Re: Under the Yoke

Post by LiberateMind » Thu Jun 08, 2017 2:07 am

2 start swimming- a swimming pool is really close (5 mins) but the cost has been detterent so far. Cue swimming in lake thread.
One of the best investment for money is to invest in yourself.Once you learned the skills, it will always be with you. Now you have the time and energy, once you started your employment or family, money will come easily but not time and energy. So try to do the time intensive activities right now. Another free advice, learn selling or try to get a side job with selling. It is a very important employable skill which most Indians lack.

You have invested in mutual funds!! I have always hesitated due to high fees when I researched. Care to share the expense ratios or the fund features link?

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fiby41
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Re: Under the Yoke

Post by fiby41 » Tue Jun 13, 2017 11:48 am

LiberateMind wrote:
Thu Jun 08, 2017 2:07 am
You have invested in mutual funds!! I have always hesitated due to high fees when I researched. Care to share the expense ratios or the fund features link?
1.62, 1.31, 0.09 for the 'direct' MFs directly from the MF house, which I bought.
Expense ratios are 2.52, 2.49, 0.78 respectively for the same funds otherwise.
LiberateMind wrote:
Thu Jun 08, 2017 2:07 am
Another free advice, learn selling or try to get a side job with selling
Thanks, let me try selling to you then. :P If you do decide to buy MFs, then do so using the discount brokerage I use. You can know more here. Whenever/if you decide to join, just make sure you join within 24 hours of clicking on this link, and through that link only. Make sure ZX6359 is in the referrer column during the signup process.

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fiby41
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Joined: Tue Jan 13, 2015 8:09 am

Dharma. Artha. Kaama. Moksha.

Post by fiby41 » Tue Jun 20, 2017 1:19 pm

Dharma

Will stay here until mother's operation goes through.
Then will go to visit relatives.
Join classes. Vacation batch preferably.

Artha

Risky ₹1lac bank
Riskier ₹80k brokerage
Riskiest ₹800 bitcoin

Kaama

Went to Mahabaleshwar.

Wishlist: Places I want to visit,

1 Bali, Indonesia
2 Kailas Manasarovar, Tibet
3 Kathmandu, Nepal

1 and 3 are places I can afford to stay currently.

Moksha

Static reserve index: 1 year and 6 months.
Last edited by fiby41 on Sat Jul 15, 2017 11:59 am, edited 1 time in total.

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fiby41
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Dharma protects those who rise to uphold it-Dharmo rakshati rakshitah-धर्मो रक्षति रक्षितः

Post by fiby41 » Sat Jul 15, 2017 11:55 am

Dharma
Mother's operation went through. Test for cancer negative. Cost: र2.78 lakh.
Visit to relatives' postponed indefinitely.
1 vacation batch has started. 1 regular class is starting next week. 2 in August and 1 more after result is declared: ~52 hours each.
Attended workshop on Python: 21 hours.
Want to learn and be somewhat proficient in atleast one programing language. Any general suggestions?

Artha
Demat account र81,608 (up 2%)
My target is 9% before 1 year or 8% every year after 1 year.
9%=4 SWR+4 CPI+1 exit load if sold before 1 year.
Dont know how to adjust for risk in comparison to risk-free FDs offering 8.25% for 7 year lock-ins.
SBI (bank) reinstated rule that requires me to have minimum balance र5000 (for metro) in my account or pay र115 fine per month. Down र230 :evil:
I only opened this account so I could start PPF (similar to 401k) in separate account but with same branch which offers PPF opening. Made minimum PPF deposit of र500 for this (2nd) year.

Kaama
Data:
July 15.6 GB
June 22.7 GB
May 28.22 GB
April 13.39 GB

SIM2: On 20th July, the 3-mo plan for र309 will end. Cost is र399 for another 3 months.
Still have र175.04 in SIM1.

Want to cycle regularly.

Moksha
1 year and 6 months.

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fiby41
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Joined: Tue Jan 13, 2015 8:09 am

न मे कर्मफले स्पृहा| Na may karma phalay spruha- I [try to] long not for the fruits of my karma

Post by fiby41 » Wed Jul 19, 2017 2:06 pm

Dear FIBY41,

Seat No: of May/2017*
SEM:4
Result: Successful with SGPI:6.25.

Your Marks are:
AM-IV-IA:18P,TH:43P,TW:22P, ;
AE-II-IA:11P,TH:33P,TW:20P,PR:16P,;
MPP-IA:15P,TH:54P,TW:24P,PR:22P,;
WTP-IA:15P,TH:26F, ;
SS-IA:10P,TH:38P,TW:22P, ;
CS-IA:14P,TH:33P, ;
SSL- TW:23P,PR:22P,;.

Disclaimer: Validity of computer generated SMS is subject to verification from Exam Dept'ment. Check result on Intra Net at: Click on Students Zone.

LiberateMind
Posts: 111
Joined: Fri Oct 26, 2012 8:18 pm

Re: Under the Yoke

Post by LiberateMind » Fri Jul 28, 2017 9:34 pm

fiby41 wrote:
Tue Jun 13, 2017 11:48 am
LiberateMind wrote:
Thu Jun 08, 2017 2:07 am
You have invested in mutual funds!! I have always hesitated due to high fees when I researched. Care to share the expense ratios or the fund features link?
1.62, 1.31, 0.09 for the 'direct' MFs directly from the MF house, which I bought.
Expense ratios are 2.52, 2.49, 0.78 respectively for the same funds otherwise.
LiberateMind wrote:
Thu Jun 08, 2017 2:07 am
Another free advice, learn selling or try to get a side job with selling
Thanks, let me try selling to you then. :P If you do decide to buy MFs, then do so using the discount brokerage I use. You can know more here. Whenever/if you decide to join, just make sure you join within 24 hours of clicking on this link, and through that link only. Make sure ZX6359 is in the referrer column during the signup process.
Thank you for the information. I am holding investing in stock markets for now as I my cash portion is very low.

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fiby41
Posts: 716
Joined: Tue Jan 13, 2015 8:09 am

Arbeit Macht Frei

Post by fiby41 » Mon Aug 14, 2017 8:01 am

Dharma

5 classes this semester. र6500, र11000, र14969, र8500 and 1 yet TBA. Last two amounts above have been paid and the others are yet to start. र8500 was for vacation batch but the syllabus wasn't completed so it was merged with regular batch and we were allowed to reattend the regular lectures.
Timings: Tuesday and Friday evenings, Saturday and Sunday afternoons.

Visited maternal family and cousins.

Last sem I joined classes for 5 out of 6 subjects. From 16 Jan when the classes started to 15 June on which was the last examination, this was single best continuous 5 month period in my entire life thus far. Despite being hectic and stressful it was also rewarding and engaging.

Artha

Total investment
₹81,000.00
Current value
₹79,222.46
P&L
₹-1,777.54
(-2.19 %)

Deposited र4192 in SBI bank account to maintain minimum balance.
Total balance now in SBI ₹5000,
In co-operative bank account र3,023.00
(Quaterly interest on deposits deposited)
And ₹167 in bank account number three.

Kaama

July 31.47GB
August 7.48GB
Movies:
Downloaded animated movies for cousins that they might like.

Things that would be a nightmare for me and sabotage FI:
1 Not getting a means of livelihood (jivika)
2 jivika paying less than र3.6 lakh per annum

Other things I dread:
3 Failing in a subject
4 Getting less than 6 cumulative or semester gpa thus becoming ineligible for sitting for placement
5 Getting less than 7.6 cumulative or semester gpa thus making the probability of getting 3.6lpa tend towards 0 according to my estimation
6 By extension, not getting 7.6 in every subject to maintain the average

Getting a job seems unlikely for now and by extension FI a long shot pipe dream.

Moksha

1 year and 7 months.

liberty
Posts: 31
Joined: Mon Nov 21, 2016 2:01 pm

Re: Under the Yoke

Post by liberty » Tue Aug 15, 2017 1:34 am

Why don't you drop out of school and teach yourself instead? In CS you don't need formal education. Of course some companies require it, but there are also many which don't. I regret that I didn't drop out of school at 16 after the mandatory government schooling... Then I would got 3-5 years more years to save money. And here in Norway school is even free. I don't see any reason to waste time and money on school when you can get all the CS education you want online?

MDFIRE2024
Posts: 251
Joined: Fri Jan 06, 2017 5:09 pm
Location: Germany

Re: Arbeit Macht Frei

Post by MDFIRE2024 » Sat Aug 19, 2017 8:40 am

fiby41 wrote:
Mon Aug 14, 2017 8:01 am
Dharma
Artha
Kaama
Moksha
Hi fiby41. Thanks for sharing. Great progress!

Can you define, translate, describe: Dharma, Artha, Kaama, Moksha in the context of ERE/FIRE?
You use it in your journal consistently and I am interested in it, why and how you use it.

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fiby41
Posts: 716
Joined: Tue Jan 13, 2015 8:09 am

Some things in this universe don't make sense but always seem to f-ing work

Post by fiby41 » Sat Aug 26, 2017 1:07 pm

MDFIRE2024 wrote:
Sat Aug 19, 2017 8:40 am
Can you define, translate, describe: Dharma, Artha, Kaama, Moksha in the context of ERE/FIRE?
These are the four ends of human endeavour:

Dharma (lit. that which upholds) It is the nature/property of a person. It is preferable to carryout one's karma in accordance with svadharma (self-dharma) than to perform someone else's dharma however righteously (iow "mind your own business.") Living a life that's suitable to your own temperament makes you feel you're living it righteously.

Artha is material well-being and wealth accumulation.

Kaama refers to pleasurable indulgences and worldly desires.

Moksha means liberation from the bondage
of this life.
You use it in your journal consistently and I am interested in it, why and how you use it.
Using a reductionist approach has backfired on me many times.That is, measuring only one value eg. years to FI, SWR, GPA, percentage, one relationship etc. to the exclusion of everything else. I do not always understand how somethings work out to be, but I don't have to know for it to work for me. "Some things in this universe don't make sense but always seem to work" ~Eminem.
A more balanced approach is beneficial when you see non-productive activities as not deterrents but as feedback loops you can use to do course correction and maintain trajectory.
It makes it binding to make a decision when outcome of an activity is unsure, if it'll take you towards or away from FI is unknown. In such cases, opportunity cost of inaction is higher than the difference in opportunity cost between any number of other alternatives.
Example, choosing between classes is not as impactful on FI but joining a (any) class is even though they're expensive. Choosing between investments is not impactful in terms of FI as much as investing instead of not investing is. This sometimes leads me to feel I'm trapped in endless classes and my investments are trapped to the whims of the market. That there's no true escape possible.
Lastly, as I'm still a student and savings are nil, it creates a semblance of progress on a personal level. That I'm moving forward on atleast one metric at a time.
On a societal level, assuming these are the ends of all human endeavour provides for a shared morality.

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fiby41
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Joined: Tue Jan 13, 2015 8:09 am

If it is to be, it is upto me.

Post by fiby41 » Mon Sep 18, 2017 9:35 am

If I had a rupee for each electronics and telecommunication engineer like me, who graduates every year, (2.8 to 3.6 lakh) in my country, it'd still take me 10 years to attain FI.
fiby41 wrote:
Sat Aug 26, 2017 1:07 pm
MDFIRE2024 wrote:
Sat Aug 19, 2017 8:40 am
Dharma
Succinct summarization of the description given above would be:

Dharma is defined as the righteous conduct in accordance with one's station in life.

Applied for a job to see where I stand in the job market wrt FIrequirements last week. Sent a follow-up sample of my work today.

Total cost of BE degree is little under 8 lakhs and FI compliant job requirement is about 200 per hour. College costs 104/hour before classes and 154 to 194 /hour after classes, depending on subject.

I like to think of it this way: Would I/someone pay someone/myself between 192 to 200 an hour, to have had that hour?

Although I sometimes keep track of travel time and cost as possible, I'm against factoring it in the above as done in life energy calculations. If Human Actions are ranks of preferences according to Ludwig von Misses, what is the next alternative to travel time? Sit at home and do nothing, which is not fickonomical (action/karma which is economical for attaining FI)

2 years back, as mentioned is a previous post, I interviewed for and got a job that paid 51/hour. For the time after exams and before being admited to engineering, it was tempting to take it for the pocket money, for 1 to 2 month(s) . At that time firequirement was 104/hour for fiin24years. As it wasn't fickonomical, so I did not take it and didn't join. Besides it was for night shift.

College raises this 51/hour to 104/hour.
Classes raise this 104/hour to 154/hour.
Swadhyay self-study must raise it to atleast 192/hour

Which is the lower end of the firequirement,
for this whole 8 lakh engineering wager to be worth it,
and for me to break even.
If it is to be, it is upto me.


I like to think of it this way:

The necessary and sufficient condition for passing any subject is:

1 Nyan-grahan: obtaining the information from a guru (sir/teacher/professor) and

2 swadhyay: self-study, meditating on the lectures to digest it,
ruminating: practicing what you understand and mechanical repitation of what you don't get even if you get sick of it and then
vomiting: to the last phlegm in 3 hours on the answersheet.

Artha:

Current value ₹84,556.43
P&L ₹3,556.43 (4.39 %)

Equity margin available ₹573.75

Kaama:

Data:
September 12.85GB
August 18.86GB

Exams I could give:

(If I don't get a fickonomical job,
but as fate is past-karma, which by its very nature is adrishtya, unseen, so I might as well prepare for and give some of these, to have a backup excuse available: "I'm going for higher studies")

GATE (for ME/MTech)
GRE (for Masters in US, can't afford it on father's savings and and the colleges I can get into are not fickonomical even if I take a loan)
TOEFL (Test of English as a Foreign Language)
GMAT (management course abroad, 15k just for the exam!!1 I wonder what the fees for its classes are.. :o :cry: !!!1)
CAT (management course here)

Languages I'd like to learn: Russian.

Moksha:

85 days left for exam preparation.
1 year 7 months expenses saved.
Fiyear: 2030
I want the choice of retiring when/by the time my father will actually retire.

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