AUGUST 2021 | VOL. 3

Leverage your FINANCIAL QUOTIENT

ORANGEBOOK

THE

FINANCIALFREEDOM

ResponsibleRajat@30s

MethodicalMeeta@40s

CheerfulChellam

@60s

TrendyTanya@20s

InspirationalIndranil@50s

Financial FreedomFor The 20’s:

The Insta-Gen

AUGUST 2021 | VOL. 3

My Financial

Freedom

Mantras

Become a Fan Send Message

1560Fans

485Posts

25 YO MBA, I sell soaps through stories.Fashion is my passion, Dance is my obsession,Love exploring unknown destinations.Living and thriving by myself in the big bad city and loving it !

Travel

I splurge on

I aim to

My 5-year plan

Latest gadgets

OTT pla�orm subscriptions

Stay updated :On the latest smartphone

The smartest gadgets

The trendiest clothes

And swankiest accessories

A career jump

Own my first car

Travelinternationally

Make amonthlybudget

and stick to it

Income -Savings =

Expenses i.e.save first,

then spend

Learn about the Power ofCompounding and use itto convert small savings

into huge corpus

Common mistakes to beavoided in the 20’s

How have I secured myfinancial freedom for my 20’s?

Not preparing a budget, making impulse purchases

Revolving credit, i.e. not paying the full Credit Card bill every month

Income = Expenses, i.e. not having an emergency fund or saving for the future

Not starting with investments and insurance early

Not discussing finances with parents and family, not being aware of legacy assets or liabilities

Used the EMI option for big purchases, and paid EMIs on time to ensure a good CIBIL score

Chose a Credit Card with the best deals & cashbacks, and used it carefully

Started monthly SIP to automaticallysave every month

Made investments in ELSS, Life Insurance, Health Insurance to save Income Tax u/s 80C & 80D and to pay less insurance premiums by starting early

Discussed with my parents about a succession plan

Know More

Know More

rendy Tanya

AUGUST 2021 | VOL. 3

I splurge on

I aim to

Smart homeappliances

Top-endgadgets

My 10-year plan

Common mistakes to beavoided in the 30’s

How have I secured myfinancial freedom for my 30’s?

Holidays andweekends with myfamily and friends

Move into a home owned by me, from

a rental one

Start a corpusfor my child’s

future

Top managementJob

Get my childinto one of thebest schools

Get a goodsedan/SUV

Overlooking the Emergency Fund, i.e. not having a safety net of 6 months’ living expenses

Not saving for your kids’ higher education

Having inadequate Life and Health Insurance

Not anticipating liquidity needs in near future while taking loans with high EMIs

Opened a PPF Account &Fixed Deposits formy child’s future

Opened an NPS Accountfor retirement planning

Started monthly SIPs andequity investments for thelong term

Understood and started making use of the 8th wonder of the world - The Power of Compounding - to convert small savings into a large corpus

Create Goal based investments to leverage the power of compounding by staying invested for the tenure

of the goal

Get 360-degreeprotection for

the family through adequate insurance

Start creating assets early - it is never too early to buy a home

30 years

`3.07cr

`1.31cr

`79.70lakhs

`43.52lakhs

20 years 15 years 10 years At 7% returnson `25000,

Investment p.m

Open FD

Open NPS

esponsible Rajat

Become a Fan Send Message

363Fans

1240Posts

Financial FreedomFor The 30’s:

The Power Gen

Sr. Project Manager in India’s Silicon ValleyTech and innovation keep me charged up, my family helps me wind down.#ThrivingAtThirtyFive

My Financial

Freedom

Mantras

AUGUST 2021 | VOL. 3

I splurge on

I wish to

My 10-year plan

How have I securedfinancial freedom for my 40’s?

Excessive splurging on the finer things in life

Having inadequate Life and Health Insurance

Absence of an Emergency Fund and therefore dependence on credit

Not paying off a significant chunk of loans

Taking investment decisions based on returns only; ignoring the risks involved

Elite clubmemberships

Luxury travel,2 holidaysevery year

Upkeep of my home,

to make it look at its best

Ensure myparents andin laws arewell looked

a�er

Send mykids abroadfor highereducation

Retain currentlifestyle postretirement

Opt for an early retirement and

start my consultancy

A lavish destinationwedding for my children

Topped up my insurance coverage

Monitored my retirement goals with an expert advisor

Diversified my investmentsoptimally across

equity fixedincome

Kept high-ticket impulsepurchasesunder control

Paid offsignificant partsof my loansconsistently

Use the 40’s as a mid-point in life to take stock of goals

and readjust the plan

Pay off pending

loans

Have adequateLife and Health

Insurance

Create an Independence Fund

to reduce dependence on salary and start

on one’s own

Become a Fan Send Message

527Fans

743Posts

Senior Vice President @ABC Lifesciences, MumbaiA seasoned investment professional with 20+ years of experience. My strength lies in identifying the next big opportunity before it becomes big and using it to steer my organisation onwards and upwards.

Financial FreedomFor The 40’s:

The Achievers Gen

ethodical Meeta

My Financial

Freedom

Mantras

Common Mistakes to beavoided in the 40’s

AUGUST 2021 | VOL. 3

I splurge on

I aim to

My 10-year plan

Common Mistakes to beavoided in the 50’s

How have I secured myfinancial freedom for my 50’s?

Failure to consolidate assets, sca�ered investments, including some in risky institutions

Dipping into retirement ki�y for emotion-driven reasons, e.g. funding kids’ education abroad, dream wedding for kids, buying a holiday home

Not realigning one’s por�olio from equity-heavy to a more balanced one

Inadequate income replacement corpus for post-retirement years

Delay in succession planning, preparing a will, omission in registering nominees

Personalisedluxury holidays

My kids,studyingabroad

Provide a destinationwedding for my kids

Sustain my currentlifestyle even a�erretirement

Smooth transitionto post-retirementlife and occupation

Align investments to generate a steady income a�er retirement

Consolidated my assets &investments with financial institutions of high standing, that have a strong digital presence and trusted advisory

Exercised discretion in emotional / lifestyle expenses, kept my retirement corpus intact

Realigned my por�olio by increasing allocation to long term, high-rated debt instruments

Prepared my will and ensurednominee registration in all my assets & investments

Introspect.Calibrate.

Consolidate.

Predictability trumps profitability, i.e. opt for certainty of cashflows

over fluctuating market-linked cashflows.

Tough Love is True Love. My retirement

corpus is sacrosanct.

Know More

Become a Fan Send Message

964Fans

325Posts

Financial FreedomFor The 50’s:The Wise Gen

54, General Manager at a Multi-National Pharma CompanyMarried to @SugandhaGupte, Father to@Rudra and @ReevaStudied at Mumbai UniversitySpeaks English, Hindi, Bengali

nspirational Indranil

My Financial

Freedom

Mantras

AUGUST 2021 | VOL. 3

My wish

I aim to

My 10-year plan

Live my passion,while conservingmy money

Travelling with my wifeis my only indulgence

Keep myself meaningfullyand pleasantly occupied

Give back to society,through volunteership

Stay healthy, withproper diet and exercise

A�er having accumulatedfor so long, reorient mysavings to generate asustainable long termregular income

Create a nest egg formy grandkids, forwhen they grow up

Common mistakes to beavoided in the 60’s

How have I secured myfinancial freedom formy 60’s and beyond?

Being too trusting, especially of online ‘prizes’ and ‘lucky draws’

Being gullible when someone seeks confidential information like passwords& OTPs

Ge�ing lured by high and unrealistic guaranteed returns

Rearview thinking when it comes to investments - one o�en tends to invest in something that has done well rather than what may do well

Overspending today, thinking that one’s children shall take care of expenses in the future

Planned my cash flowspost retirement,with the help of an experienced &trustworthy advisor

Continued with Health Insurancefor me and my wife

Get iLocker

Take a 360-degree view while investing and consider

aspects like historical performance and popular trends like IPOs, but not get

swept by any one point.

Regularly assess the suitability of investment choices such that they

match my needs, ideally with the help of an

experienced advisor / trustworthy Banker.

Make a will, all nominations in

various investments should be ideally

aligned withthe will.

Inventorise all assets and periodicallyupdate all willed

beneficiaries/nominees. You can use iLocker for

the same.

Become a Fan Send Message

327Fans

1028Posts

heerful Chellam

Financial FreedomFor The 60’s:

The Golden Gen

63 by age, 36 by heart !Shining through my golden years. Celebrating the best years of my life.

My Financial

Freedom

Mantras

TEST YOUR KNOWLEDGE

JULY 2021 | VOL. 2

Please click here for disclaimer

Thank you.

to share your feedback and suggestions.

We would really appreciate your feedback.

We hope you

liked going through

It’s time to test your knowledge. Take a

short and simple quiz, based on what we

have covered in The Orange Book so far.

CLICK HERE