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
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..
!!!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.