The Threshold Point – a simple way to achieve your goals

POSTED BY Jagoinvestor ON August 26, 2013 COMMENTS (83)

There is so much you need to achieve in your financial life and you are stressed! Correct?

I have seen investors getting overwhelmed due to the pressure of financial goals in their financial life. You have one life – in which you have to cram multiple financial goals. A house, a car, a corpus for educating your children, a regular stream of money each year to pay for school fees, vacation funds, occasional large expenditures, funds for your retirement and several other items which are too numerous to even list here!. Out of these – some things you want immediately, and some you label as your long-term goals.

threshold point in financial life

However when you keep thinking about these goals and amount of money you need to accumulate in your financial life, you get worried, stressed and feel lost. You doubt if you will ever be able to achieve it and that demotivates you and then you just ignore handling your financial life and go with the flow! – leaving everything to fate! However that’s not the solution!

what’s the solution?

I can’t give a solution, but I can suggest you something which we practice a lot of times when we deal with our financial planning clients. Let me share with you that simple yet powerful concept which Nandish Desai came up with in our early years of handling clients. Years back – we noticed that a lot of clients financial life was so messy and confusing that it was unplannable! Also they were so overwhelmed that we could not do their planning the usual way. We needed to suggest them some plan of action which was lighter and which looked more achievable to them.

So to those clients, we asked to slow down (listen to this powerful 16 min audio on slowing down recorded by us personally) and ask them to forget about all their future goals. This is because many investors are not able to make a powerful play for their financial goals with empty pockets. To play for your financial goals powerfully you need to first cross or reach your THRESHOLD POINT. Yes! – That’s the concept I am going to unveil today. The concept of threshold point helps an investor to lighten his worries and to be more focused.

Now, what is this threshold point?

The threshold point is the milestone, which when reached in your financial life, gives you a strong sense of achievement. You feel like you have taken that first step and you are a winner in your own eyes. It’s not the final achievement, but a mini-battle that you have won. A threshold point could be generating some lakhs of rupees, having a loan free home, achieving an income level, getting debt free, or combination of these.

All your energy has to be focused on reaching that threshold point. Everything you do in your financial life has to be driven by just one motive in life, and that is reaching that threshold point. If you have to spend money on something, you have to ask first – “Will spending this money help me move towards my threshold point?”

threshold point

You need to get obsessed with your threshold point so much, that naturally you will achieve it much faster than you had planned. And when you reach your threshold point in some years – you then play a much bigger money game. The threshold point gives you a sense of some freedom, some relief and extra dose of energy.

Some Examples of threshold points

Example 1 – Ajay’s Story

My friend Ajay is unmarried and lives in Varanasi. He was anxious about his future prospects because he does not want to get into a regular job, because he is kind of moody person and leaves his job the moment he does not like it. This creates problems in his cash flows. While he wants to do lots of things such as buying a home, buying a 2nd home, saving enough to roam around the world etc., he told me he does not think it’s POSSIBLE to achieve all this. The truth is he was overwhelmed and could not think what he should do next ! .

I asked him to describe his ideal situation – one that would remove all this worry. A situation that would make him feel more at ease and help him plan his financial life ahead in a better fashion. He said that if he were to start receiving a regular income of Rs 10,000-12,000 per month without working – he would feel far more relaxed. That’s it. That was his Threshold point.

Threshold point – Generating Rs 10,000-12,000 per month income

This is something he now needs to focus on. We found out that if he could generate 20 lakhs in a few years, he could put it all in a Fixed Deposit and get an interest income which will act as the regular income. It would take few years, but once he would reach that point, he would be a winner in some sense. He has already saved quite a few lakhs, and is now on his way to reach his threshold point. He now travels by train, rather than by air, because that takes him closer to is threshold point. He does not spend more than what is required on clothing and saves every extra bit and puts it back in his bank account – all of which takes him closer to his threshold point.

Example 2 – Tarun and Reema from Pune

This couple (Names changed) approached us to avail our financial planning service. We looked at their financial data, their financial goals and their exact situation. They were worried about their future goals like retirement, educating their children etc. Their net worth was less than 3 lakhs and their goals were big-ticket goals.

Threshold point – To generate first 15 lakhs

First, we asked them to eliminate their future. Yes, our future is an illusion that human beings live in. A lot of investors are either worried about their future or they regret their past mistakes, but they are never fully in the present year. I told them, as an investor you can’t step into 2014 or 2012 – you are in 2013 and that is a reality. We then asked them to define their threshold point, an amount that would fill their pockets so that they would have the power to face big future goals. The amount they came up with was 15 lakhs.

We simply asked them to forget everything and focus completely on their threshold point number, which was 15 lakhs. We then helped them to re-structure their cash flow and helped them to devise ways by which they would reach their threshold point soon. Now in this situation they didn’t had multiple goals which scared them, all they had was a SINGLE Goal and that was to generate 15 lacs.

Example 3 – Ramanna’s Story

Ramanna was employed in a big I.T. company in Pune. His aim was to start his farm – as he loved nature and his dream was to run a big venture related to it. But that would only happen when he would have taken care of his expenses each month because starting something of your own is a big risk. Which meant he had to handle rent, bills to pay, monthly expenses to incur at home etc. etc. So he defined his threshold point and it was to own a home and also have sufficient savings to pay his regular bills.

Threshold point – A home and 60 lakhs corpus to get a regular inflated adjusted monthly income of Rs. 35,000 per month to start with

Prior to defining his threshold point, Ramanna was just a regular employee, but the moment he defined it, his mind started actively focusing on it. The song of “I want to achieve my threshold point” was playing constantly in his head!. He was aware that he wouldn’t reach his threshold point very soon, and it would take at-least 10 years to get there. But now he was more focused and targeted.

He was sure if he could travel to the U.S. and work abroad for a few years, reaching his target would be a cinch. From that day, he became a superman at his workplace. His commitment level at work increased because he expected to be moved to the U.S. office on the strength of his performance. He also explored other options to move abroad for a few years. Within the next 2-3 years, he saved money and also managed to get an offer to move to the U.S. office due to his exceptional performance at work. This was 2001.

However, his savings were at that point not sufficient to make a down payment on his house. Undeterred, he moved to US, worked for a year, saved obsessively, and returned to India just to make a down-payment and apply for substantial loan. He took the risk, because getting to the threshold point was his obsession by now. There was no other option, he wanted it any cost.

Over the next 8 years, he earned enough money, saved enough money, lived frugally, constantly worked towards his threshold point. He made sure to communicate about his future vision and goals to her better half when we was getting married. He made sure he didn’t do anything stupid which would open new streams of expenses in his life, which will make it difficult to stick to his plans of leaving the job and starting something of his own. So at the end of 10 yrs, he had 2 houses in Pune, one without any loan and the other with a small outstanding loan (thanks to dollars he earned and powerful savings).

He came back to Pune, sold one house (which fetched him more money) and kept it all into a Fixed Deposit with quarterly interest option and the other house was for self-consumption. He is now free of debt, has no rent to pay and his interest income takes care of his expenses.

He had arrived!

What is your Threshold Point ? Have you ever thought about it ?

If you are low on net worthh or you are a new investor, instead of setting huge financial goals, start to play for your threshold point. This will reduce your stress levels and will help you to enjoy the process of wealth creation. When we do financial planning for some of our clients, a lot of times we avoid giving a very long term plan to them, because we know the plan will sound unrealistic.

A plan has to be realistic for any investor to own it. Then we help them define their threshold point and help them plan for that. We tell them, go achieve that threshold point first and then think ahead. Don’t waste your time and energy in worrying about future for now. The same way, you need to think of your threshold point.

I want you to tell me in comments section about it. Write down and declare your threshold point and if possible your plan to get there! I am waiting to hear back.

83 replies on this article “The Threshold Point – a simple way to achieve your goals”

  1. Sumi says:

    Hi Manish,
    I have started reading ur articles from last 1 week .Every time I complete it I am starting to reanalyse my own situation.
    My current status-
    Status : married women, one kid,both husband and wife working
    Wife Age : 31 Husband Age -35
    FD : 20 lakhs
    PPF :1.5 lakhs
    epf-13 L
    Shares from Company -3 L
    Home Loan : 15 L outsatanding (1st home)
    commitment -20 L in next 2 years (for second home which is work in progress)
    Monthly Expense : 45,000 p.m (Including Insurance premimum)
    Term Plan-90 L
    Health cover -6 L from employer

    Monthly Income : 1.50 lakhs per month
    Bonus per year-3 L minimum

    My first Thershold was to put 20 L in FD by 2013 dec so that we can have some monthly income and to increase the financial security in my self which I achived after sacrificing 1 vacation and buying gold jwellery which I feel is not an investment.

    My 2nd Threshold is to close existing homeloan and clear 2nd house commitment by 2015 DEC.This I have put by taking consideration of 7% hike in salery year on.

    Am I on right track ?

  2. Vivekanand Subbaraman says:

    Super article ManishJi.
    This is indeed a practical point.

  3. Gayathri Iyer says:

    Very good article…! Realistic approach…
    My motivated threshold – to clear off my new home loan; and giving myself 4 yrs to do that…!

    1. Thanks for sharing that 🙂

  4. Very nice post on how to manage goals realistically while minimizing stress. Taking things on in manageable bites is the only way to go. Thanks for the post and the examples.

  5. Debasis says:

    Hi Manish,

    I am new to your blogs. I have gone through few of your articles and this article is as good as other.

    I would request you to come up with a article on retirement(early), as I find few people(including myself ) who are in their late thirties want to have a early retirement. The article should have answers for how and when from finance perspective.


    1. What exactly you want to know about it ? I would suggest reading my 2nd book . there is a chapter on this aspect –

  6. Radhe (Raj Singh) says:

    Very Nice Article .
    My Dear Indians you should be Happy that although our Govt is not capable of providing basic education and quality teaching faculty to us . But such valuable lessons are spread and taught by Manish Chauhan and Nandish Desai really I must say Such People Are The Salt Of The Earth. Keep it Up.

    Padhega India, Tabhi Toh Badhega India.

    1. nandish says:

      Thanks Radhe.Thanks for making us feel proud of our work.I shared your comment on my facebook wall. We all have to help each other to grow and should not depend on government


  7. Avinash says:

    i know the ‘it depends-factors” like appreciation, locality, returns etc play a part but prima facie is it worth it?

    – avinash

      1. Avinash says:

        thanks a lot manish, that really helped.

        now knowing so much about me 😛 , please name one book of yours which u recommend for me.. would like to buy and read it..

        thanks again…keep up the great work…

        – avinash

        1. Buy our 3rd book – , written by Nandish . However I suggest get all 3 🙂

          1. Avinash says:

            ha ha, first 3rd then the rest… but can u pls suggest if i can a digital copy instead of a hard one..

            1. No digital copy !

            2. Avinash says:

              🙁 *sad face* .. anyway bought the 3rd book in flipkart.. ll read once back in india in a month… thanks a ton for the discussion…


            3. Tapas says:

              Now that you have ordered the book, the publishers came up with e-book version of all 3 books of jagoinvestor.

  8. Avinash says:

    hey manish,

    i have been reading ur posts for a longgggg time now and this is my first comment.. ur blog has been really really motivating for ppl like me. keep writing and all the best.

    well i put my situation below and frankly confused about my investment options.
    Status : married, one kid.
    Age : 29
    Liquid Cash : 2 lakhs
    RDs : 6000 p.m
    SIP : 2000 p.m
    Home Loan : Cleared
    Monthly Income : 1.75 lakhs per month
    Monthly Expense : 80,000 p.m

    No outstanding Loans
    No Insurances or medical cover (yeah, its bad.. will open one soon) 🙂

    the thing am confused what next…like second house or complete MF-SIP retirement saving etc.. can u suggest…i know its a vague question but still …

    1. I can suggest you that, but I would say Its your choice . I mean you have to define it for yourself, not me .

      If i were at your place. The threshold point I would choose is “Passive income equal to my expenses”


      1. Avinash says:

        firstly thanks for taking time to reply.

        yup, expected this answer…

        u r suggesting me the magical “financial freedom” .. looked into tat as well but got lost admist blogs/suggestions/jargons..

        to generate 80k passive incomes sounds a long shot atleast to my limited fin.literacy… can u suggest a few ways like MF, debt & real estate numbers.

        if its getting too specific then pls let me know how do i contact you in would be great if u could accept me as ur client even if its with a fee.. 🙂

        thanks manish

        1. Think like this

          To generate 80k per month , it might take years and years because it means generating 1 crore+ . And if you want this 80k inflated linked, then 2 crores.

          Now that again is kind of scary ! and look like you can achieve it only in next 15-20 yrs . So the purpose of Threshold point is destroyed. What about saying – My basic expenses are only 30k per month , so lets look at generating 30k per month first and then more of it later.

          So then the goal is to generate 40 lacs corpus . Now instead of me telling you . You tell me how long you can take to generate 40 lacs in corpus ? if you look at 5 yrs plan , it means 8 lacs per year saving and 70k per month saving . Looking at your numbers, seems to be within limits ?

          tell me


          1. Avinash says:

            ahh, a simpler perspective was all i needed. 🙂

            sounds well within limits even @9% returns.. “My basic expenses are only 30k per month , so lets look at generating 30k per month first and then more of it later.” – this is my catch… ..ll juggle the numbers and find out…

            one last query, is buying a second house just for investment purpose worth it ? i the ‘it depends’ factors like appreciation, locality, returns etc but prima facie is it worth it?

            1. Definately its worth it , because its leveraged 🙂 .

              So you can put in 10 lacs, take 15 lacs loan and take a house in suburbs which might do well in next 5 yrs and might give you back a good handsome amount.

              But it will call for risk and the ability to have surplus to put extra EMI . If you are free from loan, I think its one of the things you can try to get aggresive ! . But then its your call , and you need to act like a very sharp and professional investor who might need to put hard work and lots of time in selecting the property.


  9. Parag says:

    Hi Manish, Nandish

    Could you please help to understand BSLI Future Guard Plan term insurance plan?

    What is mean by “The BSLI Future Guard plan is a term plan with complete return of premiums to help ensure your family’s security while not losing your capital.”

    Is it first term insurance which returns premium paid on survival.? If so then why to go for other term insurance? As if we provide correct medical information then there are less chances to rejection; and BSLI has claim settlement ratio 90.9%. I think this is term insurance cum life insurance plan. But as i have very limited knowledge than you expertise there might be any hidden clause or conditions that I might be ignoring. Your answer could help all readers to know more about this term insuranc so we can choose really beneficial plan.


    1. Dont take it. This article explains the logic of return of premium term plan –

  10. Payal says:

    I am a 37yr old housewife and a mother of 2 young daughters. I am an aspiring personal financial advisor so I read up a lot of websites as and when I get time from my busy routine. Your advise is so unbaised and helpful, like a parent giving advise to his own child. I am so impressed. Complete with living people’s example ….
    I am yearning for a mentor who takes me under his wings and we then help more and more people attain the much needed financial literacy.
    Respect and Salute!

    1. nandish says:

      Hey payal it is extremely important to identify your mentor and put a request to get mentored. I am not sure whether you are aware about our advisor website or not, it is a blog on which we share about our business actions with a huge tribe of advisors. My invitation to you is be on jagoadvisor and sink in the content. We are very soon coming up with our first book on practice building for advisors.

      wish you all the best


  11. NK Vijayvargiya says:

    Great sharing! I believe everyone must have a TP in mind even without a Financial plan in place. Thanks, NK Vijayvargiya

    1. Yes. Thanks for sharing your thoughts

  12. Dr. Pannag Kamat says:

    Dear Manish

    Thank you for your good practical article. It is very easy to understand and can apply in our life to get the good result.

    1. Yea . Thats the beauty of this concept !

  13. Joel Trinidade says:

    Dear Manish,

    A experienced general fights a battle many times in his head before the actual battle on the field. I am glad that you are touching upon mental aspects of having a good financial life. Its great to see you coming up with articles helping people have a holistic approach.


    1. Thanks Joel 🙂 . I will keep coming up more of these

  14. Ram says:

    Hi Manish,

    Very nice article, thank you!

  15. Satish Ramankutty says:

    Hi Manish

    I am a big fan of you and your articles which have proved very useful for me. As soon as i login into my system I make it a point to read these articles first and then proceed with my day to day work and i have suggested my frends to register themselves to receive these news letters from Jago investor

    Comming to the point i am in some sort of dileama on how i should plan for my financial life

    I a 30 years old married and work for a huge IT company. My income is approx 32K pm My wife is also working and earns around 8K. I have purchased a plot in Bangalore and have a loan for 13 lakhs with 13K as EMI. . I want to square off the loan in about 2 years time and move on to buy a next property or construct a house and also maintain the family for which i have to save lot of money (atleast 30 to 40 lakhs after squaring off the loan) but in the present scenario i am unable to save even a single pie as I have to pay for my LIC premiums (8K quarterly) house rent and manage other montly expenses which is very expensive in Bangalore.At times i do think whether i had made a mistake by trying to take a huge leap in making a decision to buy a property in Bangalore because of which i am struggling at the moment and should have gone for it after having enough money in hand but now i do not really have an option to back out from it as well as i would end up making my financial life bad to worse

    Please advise me on this

    1. Joel Trinidade says:

      Control outflow :

      Start with ” …..LIC premiums (8K quarterly) … ” Do away with that first. Switch to a term insurance plan.

      Increase inflow :
      Switch job

      1. Nice ! .. thats the good start !

    2. The immediate one thing I can tell you is relook at your LIC policy. I am not saying that from returns point of view, but from increasing your cashflow point of view. Also your first threshold point should be to get rid of the LOAN i guess. Is that in your mind ?


      1. Satish Ramankutty says:

        Yes certainly that is my first target because once i clear it off i get a leverage of 13K pm which i can invest somewhere else and also i will have a property in Bangalore which I expect to give a great return in a span of 3 years from now

  16. sidharth says:

    Dear Manish

    You have stuck the right cord with this article..very informative

  17. Vivek says:

    Hi Manish,
    I am reading your blogs since last 6 months very silently, as my friend suggested me to read this blog during our tax saving discussion.
    Before that, for me “investment” is like Science book to Arts student, your blog truly help me and make me serious about money and aware about future responsibility.
    But what I miss here is – suggestions for investors types are below
    Who don’t know how to file return but they are newly came under taxable income slab
    Who recently married and enjoyed marriage life for first 1-2 year and now having baby but don’t know what is future plan for new arrival like education/insurance
    Who don’t know which is the best tax saving instruments? With income of 3.3 lacks only
    Who never saved any money or amount till time of after 4 year job (possible that salary may be low)
    Who invested in insurance only by friend’s advice and fulfill their goals
    Small town investors having salary slabs like – 8000, 12000, 17000, 21000 par month
    Please write something for them also

    1. JP says:

      I am agree with Vivek….Manish you should write…

    2. Hi Vivek

      Then I must say you have not read all the articles of this blog . Explore all the articles, and you will surely get all answers. Or take help of our forum to ask questions –

  18. Vivek says:

    As always, a splendidly insightful article. I want to buy a house, own a car, and have a surplus 15L. I have been worried as hell about how to go about it. But I will plan things with focus on short term threshold points.

    Again thanks for these splendid articles.

    1. nandish says:

      Excellent Vivek.Extremely happy to see the insights you gained from the post.


      1. Vivek says:

        Dear Nandish,

        Your name is linked to the wrong address rather than Just found this.

  19. pattu says:

    Very good post. A good point for people to think about. I think many peoples threshold point should be the present. Forget future goals. Are you ready to face sudden big ticket expenses (due to good or bad reasons) TODAY?

    Among the three stories listed, Ajay’s story makes no sense to me.

    1. nandish says:

      Thanks pattu for your view. This concept has really worked with a lot of our clients so far and I think it is one of the most practical approach our of all.It is extremely important to eliminate future and be in present.


      1. pattu says:

        Hi Nandish, I don’t disgaree with the concept. My point is individuals should first secure their present before even thinking of any kind of investment. So a secure present is the first the threshold point.

        1. nandish says:

          Absolutely pattu. Securing present has to be on the top.


  20. Vijay says:

    Hi Manish,

    Nice article and really helps to target/achieve/celebrate the threshold point. I am working towards zero debt (home loan emi) and hope to achieve that in next 5 years.


    1. Very clear Vijay ! . Thats what you need to have a good threshold. I would say WRITE DOWN your action points .

  21. Sushil Girdher says:

    Manish….I really Enjoyed reading This article………..I was forced to think about my threshold…………..then i concluded that Earning an extra 10000 Rupees per month ( other than salarty) is my threshold……….if i earn 10000 in 18 days then i can remain happy and satisfied for remaining 12 days of month……….in long run my threshold is accumulating 20 Lakh in next 20 Years………..Can anyone has suggestion for this plan…how it is possible?

    1. Nice .. Good that you atleast know your threshold ! . The problem now is you have to device the plan yourself ! , because only you know your world !

  22. Parag says:

    Hi Manish,

    Your articles are really too good. I recently started reading your blog. I wish if i would know it before few months. But, anyway no time is bad to start the good things :).

    I am 30 years old. I have big Home loan. After paying HL EMI, I hardly can invest remaining amount in RD/PPF per month. I want to clear my HL in less than 5 years this is my first step towards my threshold. But not sure what should be my steps toward it. I have two LIC Policies and no term insurance. One policy will mature after 7 years and other after 15 years. Confused how to save money so that i can clear my HL in 5 years.


    1. I would say check out how you can improve your cash flow ! . How about making your LIC;s paid up ? That would leave some money on table , which can help you close the loans a bit faster ?


  23. Gaurav Doshi says:

    Hello Manish,
    For each of your articles I just have one word ‘master piece’. Sorry I am short of words.

    But that is what worries my – how do I achieve all what is required when even I dont have minium of 5lakhs to look upto. But this gives a different perspective to all of us.

    Suggest – pls add this in your book’s next edition. Would be a great piece of advice.


    1. nandish says:

      hey thanks gaurav for all your appreciation and suggestion.Yes we can definitely look at adding this concept in our books. We have developed several such concepts out of working with investors and we will continue to share them in our books and blog

      all the best


  24. Sandeep says:

    Hi, Nice article. till now I was wondering what is missing in my life. Thanks for the guidance ,I have threshold level now:)

    1. nandish says:

      Excellent sandeep.Now as you have found the missing piece really build on it. Develop structures in your financial life so that you stay in action. Wishing you all the best

  25. Vinay Pasalkar says:

    The threshold Point is nothing but Financial Freedom in everyone’s life…
    Cheese in Our life to which we need to search like mouse meaning we need to concentrate on getting cheese not on the path of achieving it…Philosophically saying In the process we need to enjoy the journey in achieving our goal 🙂

    This threshold point can be seen as short term order to achieve the long term goal..
    In which we need to have Level 3 promise with ourself. ( Courtesy 3rd Jagoinvestor book)..

    1. nandish says:

      Hey Vinay good to see you remember things from my book “11principles to achieve financial freedom”. According to me threshold point is not financial freedom, it has be seen as your first level wealth goal that you set and really put all your effort in reaching. Wish you all the very best

  26. Mohammad says:

    It is called “Divide and Conquer”.

    1. Yea . Its like that only.

  27. Sunil says:

    Nice Article..”Earning Enough and Living Frugally” is the key. At 56, am past that age to plan for future; nonetheless can say I achieved all modest goals I set out for myself at 26. Achieved financial stability at 46 by harnessing benefits of compounding, early PPF and Equity investments (which also give steady tax-free dividend earnings now). Readers should also keep in mind that Own House at early stage helps save for second house later ! Caution to stay away from Conventional Life Policies and ULIPS from ALL, including LIC, but opt only for Term Cover and Health Cover !!

    1. Thanks for sharing your views. We all will be very happy to hear your overall experience. I will mail you


  28. Amit Kauntia says:

    Dear Manish,

    I have never been a spendthrift, but still till i read your article & other articles i never had a goal or a Threshold Point. I had Visions but no concrete Goals. I really want to thank you for your great insight. I am not sure if i will be able to achieve it soon but atleast i have started to work towards it. Also through another article now i make it a point to send a part of my salary as a FD so that i dont spend it. I wish we had more better options then FD’s – secure with good int. for NRI’s. Thanks. AK

    1. nandish says:

      Amit starting is everything and we are happy that you have started taking steps and actions in your financial life. You have become wise with money and that is extremely important.There are several options available for NRI’s to invest like mutual funds if you are ready to take higher risk than FD


  29. Sandip Mukherjee says:

    Very nice and practical approach. You seem to be a powerhouse of ideas!

    1. Hi Sandip

      Thanks for appreciation 🙂 . We just keep brainstorming how we can serve our clients and what can help him/her , I would also say that we do not have a baggage of old thinking and we are very open to try out new things , which makes these ideas into reality !

      1. Sandip Mukherjee says:

        Yes. I agree. But this is not easy. Having no ego or baggage of old thinking are surely the key to success and innovation. I wish more and more investors visit your blog and get benefitted.

        1. nandish says:

          Thanks sandip. All the great ideas come from strong observation and challenging traditional model or way or thinking and it can be done by anyone. Wishing you all the best for your blog and dreams


  30. Amol says:


    I enjoyed it a lot!! Really very good article.
    I always wondered when I will be able to have a flat;a car & enough funds to required for childerns education and my retirement. Initially I used to feel very sad because nowdays if you look at the real estate property rates, its a terrible situation to own one as you may be able to pay EMI’s but down payment is a big worry. especially when you have not saved ennough.
    Then I stopped worring about all this and decided to concentrate on little things to start with. started with fixing small things for e.g. closure of unused bank accounts, clearing loans,filing tax returns, opening Demat account, started in equity & some RD. all theses things gave me joy and I was happy for whatever I was doing . I increased my saving little bit and was happy the way i was increasing my net worth, though they were not sufficient at that time.

    My next threshold is to save 20 lakhs for a new home in next 4 years. To achive that I have already started some Equity funds and fixed/recurring deposits. i also expects some money from my earlier investments. I have also plaaned to keep extra money like performance bonus, rewards aside for this.

    Thanks Manish for all your work. I started by reading your blogs and then your books. you are doing a wonderful job. keep it up!


    1. Thanks for sharing your experience Amol. You have taken the right approach . just be on that path and you will see the results.

      I would say define your plan for reaching your threshold point of 20 lacs. It would be saving 5 lacs per year and 50k per month. Do you have that kind of money as surplus ? If not, whats your plan ?


      1. Amol says:

        Thanks Manish!

        and I invest about 12-15K/month due to limitted resources:-(. Some on-sites oppurnities in coming year and earlier saving will make the difference:-)


        1. In that case you have to mentally accept that in worst case you will reach 6-8 lacs figure. Unless you figure out how to save more . 20 lacs seem distant !

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