Category: Money

The Eco Mode 2

Sometime in August of last year I made these two posts. Each of them is worth revisit. A Thursday and as a result, Eco Mode. To save time, Id summarize things here. In those two posts I said that I was very fucked up with how things were moving so slow in life and I needed to do something about it. And to do something, I needed money. And for money, since my dad is not rich, I needed to save. And to save, I needed to stop spending on frivolous things, and hence the eco mode.

Fast forward to May/June of 2013. About nine months since I first spoke about Eco Mode. Not much has changed. Delhi is hotter. I have lost more hair. I haven’t stopped splurging and I am poorer than what I was back then, blame it on a few capital expenses. Yesterday I met a friend who just joined a startup and he’s getting paid a tiny atomic bomb for his salary. In terms of numbers, he now makes 4 times compared to me. And he and I are classmates. Nothing wrong with it. He probably deserves it more than me. But he did open my eyes to possibilities that exist for me.

So like last time, I have decided that I would get into Eco Mode starting now. And today was a good start. I had to meet a friend and unlike most days when I take my car for any and every meeting, I took the metro. The journey in the metro sucked but it wasnt very tough. I could live with it. Of course I will not do this everyday but its manageable. Idea is to cut down on unnecessary expenses and save as much as I can.

Coming to money, I have just one savings account and just one credit card. I make all my expenses from the credit card, except tolls, parking and other small out of pocket expenses. This ensures that I have a bill for each transaction and I can verify the spends at the end of the month. And of course I get loyalty points that get me free air tickets.

So I want to take a break by the end of the year for a month or so. During that time I want to travel, probably write a book, take it easy. And I have seven six months to go. In the next six months, here are my measurable goals…

  • Save 40% of my income. From all sources. Right now I have one source of income. I need to increase it. Thats my other goal. 
  • Make money from 3 sources. And predictable income at that. 
  • Get monthly credit card bill to 50% of the average of previous six months’ bills. 

Thats about it. If I can manage these three, I think I would be in a comfortable enough position to take a break.

Of course what I do with life and career is entirely different all together. More on it during one of these days in the 1000WADv2.

Lowest point of my life

Alert. Extremely personal. If you know me, read on. If you dont, please dont judge me by this. If you dont care, treat this as fodder to your voyeuristic instincts.

So ever since I can remember I have always wanted to be rich. And when I say rich, I want to be filthy rich. So much so that I want to conquer the Antilla and get more famous than Bill, Steve or Warren. I always belived that money for me is like a means (not n end) to achieve larger goals.

Mukesh Ambani’s Antilla

Little did that I know that in pursuit of money, I am becoming have become a slave to money. Its on my mind all the time and I cant think of anything but money. I keep track of every rupee I spend I try to cut corners and save as much as I can. Guess nothing wrong with it but today something happened that opened my eyes.

The incident, I will not go in the details, happened and I lost 2 lakhs. No fault of mine or anyone else. It just happened and the money just away. I mean I will get it back on Monday most probably but as of now I am down by 2 lakhs. No, I did not lose it in poker and neither did I misplace it. It just happened. And I go so furious about it that I almost broke my laptop and seethed in anger for a good part of the morning and evening. I yelled at my really good friend and I squarely blamed him for the fiasco (and I live with this guy FYI). I cant say he was not at fault but I was equally at fault. I was surprised at myself for the way I was reacting and talking to my friend. As I write this, its making me even more awful about the entire thing.

This has to be the lowest point of my life. I have never felt so bad and so small about things.

But lesson learnt and time to move on. The amount may not be small by any standards but its definitely not that big that it makes me lose my calm and boil my blood. Its one life and we have a very very short span here. Cant waste in getting angry over trivialities.

Like these guys said…

From now on, am no longer a slave to money and its allure.

Personal Finance 101 with Buxfer

As a part of Project rstlf, I decided that I need to get on top of my personal finances. I decided to keep a tab of my spends. So starting Aug 1, I have noted EVERY spend I have made on buxfer.com (affiliate link, if you sign up, I get $1). And here is how the summary looks like…

I will not get into absolute numbers, I dont want to tell the world the miserable and poor life I lead. The key spends are Home (I contribute about 20% to my household spend, rest comes from my dad, even though he’s retired from his work more than a year), Shopping, Auto (Petrol, Parking and Toll) and Food.

Of these, I dont think I can reduce on home. In fact it would go up with time as I try and give a better and more comfortable lifestyle to my parents.

Shopping can be reduced. This month I made a large purchase, a phone. This may not be a recurring purchase and hence this could drastically come down as I have stopped splurging on shoes and am not too fond of clothes anyways.

I can reduce food as well. A large chunk of my money is spent on eating out. This is fancy restaurants, parties etc. Thankfully I dont booze and that saves a lot of money for me. Going forward, I plan to reduce this as much as I can. Eating at home will save me a lot of money. And then, maybe, just maybe it will make me fitter (which is a large part of rstlf).

Surprisingly utility payments was very little. Its part of Others. May be because my dad pays most of those and because the large component of the bills, the electricity bill, comes every two months and we dint get it in August.

So this is about it for the month of August. For next month, Sep 2012, spends could again be an aberration. Because as a part of Project rstlf, I am planning something outrageous and that would mean yet another spike in spends. Lets see how that goes.

Update on the Eco Mode

via This Isnt Happiness 

You may remember a recent post about I going into the Eco Mode for the next few days.

I thought about it on the 14th of August and buxfer tells me that since then, I have actually spent more money than I spend otherwise. In terms of numbers, of everything I spent in August, I spent almost 80% in just the last week! (Or read this as… I spent 4 times more money in last week than in all the other three weeks combined)
How #fail is that!
And now what has happened has happened. All I can do is try and control my expense in the remainder of the month and then maybe, spend wisely in the next month as well. 

The Outlier!

Recently I was applying for a visa to a difficult country. Difficult because they take great pride in screening who visits their motherland. The screening is downright humiliating at times but then its ok, it’s a little price you have to pay to be an Indian.

So, these guys wanted copies of my income tax returns for last three years. Now I dont really bother about these official documents. I just give all my papers to my accountant and he files the requisite papers. I dont even check with him. I trust him blindly. Today was thus the first time in almost 18 months when I pulled these documents out. And I was shocked to realize that my total income in the last year was exactly half of my total income in my first year post MBA!

I passed out from MDI in 2006. I got placed on day 0 and was picked by GE Money. GE dint pay a lot of money but it was a lot for someone who had no clue how the world works and definitely had no clue what value could he add to a company that took pride in its 100 year old legacy. Obviously I wasnt complaining and I was happy with my 7 6 figure salary. Imagine being catapulted from a zero to seven six figures. And all you had to do for that was play Counter Strike and faff!

So, in almost 6 years since my MBA, while all my friends and peers have moved on to bigger, larger things post their campus jobs, I have moved sideways and actually went down. And went down how. I am on my third job right now and at both places (post GE), I took substantial paycuts. And as a result, I am struggling at low seven six figures (compare it to a few friends who are now at 9 8 figures). And in a world where you are measured by the amount of money you make, the car you drive and by the phone you keep, when I look in the mirror, I see an outlier, on the extreme left of the bell curve! Life is being what it is best at, being a bitch!

But then I dont think I cant blame anyone else for this. While moving on from GE and CLA, I decided that I dint want to work at boring companies and do shitty work. I mean am not too sure if what I do right now is interesting, but well, thats a debate for a different day!

EDIT… And just to prove that I am still a nincompoop, I calculated my measly 6 figure salary as 7 figures. I just cant get maths! Apologies for all the heart breaks 🙁

Bittersweet Symphony

In my Chennai office, amongst regular folks there are a couple of North East Indian boys. Nothing wrong with them and nothing against them but the sight of them lifting heavy cables, lights and other equipment under the harsh sun was really saddening. It made me want to cry.

I totally agree to the notion of dignity of work and I dont think any work is below human standard but here are two boys, who would have spent most of their childhood and youth in mountains, next to gentle streams of water, amongst beautiful flowers, in the green misty valleys, running after one another on those twisting and turning mountain paths, climbing up and jumping down in probably the best weather that God has showered upon us humans.

Call it twist of fate, most probably they left home for some Rupees and somehow landed in Chennai. Where the life is totally opposite to what they are used to back home!

If God had planned life and things little better, he would have made each community self sustainable. May be he did and us humans spoiled it all trying to chase material comforts and such things. Whatever it is, if I could play God, I would either not give anyone any emotions or I would ensure that everyone from the same kith and kin stayed together. To end it, a famous line from The Verve.

Cause it’s a bittersweet symphony, this life.
Trying to make ends meet
You’re a slave to money then you die

First post of 2012

I have been trying to write this for quite some weeks now. I started with thinking I would write about the year gone by and review all the posts. I started and could not finish it. Then I said I would talk about my most favorite post of the year. Again, I starting writing, and could not finish it. There were reasons and there were thoughts, too long to be constrained to a small blogpost. Then I said I would talk about why 2011 sucked so much and how I had been waiting for it for more than five years. But I couldn’t finish it.

But then I had to write something. After all I am an aspiring writer storyteller and I have to be able to write well tell compelling stories. Even if the stories are boring and mundane, I should be able to make them interesting by the way I tell them. And to be able to tell good stories, I realize that I need to write often. More I write, better I get (apparently) and hence this blog. And this post. Like Yogi says, “You can’t think and hit the ball at the same time”. I ought to hit, hit and hit.

Anyways, after the longish introduction, coming onto the first post of 2012, let me do something that is as cliches as white safari suit and white shoes. I shall talk about my resolutions for the year. Without further ado, here is a quick list.

  • Lose weight. This has to be the most common resolution. If I owned a gym, I would promptly drop the prices of memberships, get as many members to pay for it and then retire to Goa. And if all the people who have promised that they would lose weight, the sea level would actually drop!
  • Eat right. At least once a day. I plan to stop having dinner. Vipassana taught me how to live on two means a day (just a simple breakfast and lunch) and I was fine with it. I plan to do that. I will try and achieve it by end of January. I am not sure if I can but I will try hard.
  • Continue to not drink Coke. I stopped drinking coke in 2011. So far I have resisted the temptation to restart it but I will try to not have it as long as I could. I dont know if it does any harm to my health but I know any sort of addiction is uncalled for. And I know that once I start having coke, I would get hooked on. So why take a chance!
  • Get Leh’d. I have been dreaming about the trip for a long long time. I have made plans and failed. This year hopefully I would go to Leh. With sgElectra. 
  • Play poker more seriously. I have been toying with it, off and on, for last two or so years. I have now reached a stage where I think I am an average player and I have a keen interest in the game. And with almost two years of non-serious play, I have developed a fair amount of understanding and gut for it. Its about time I capitalize on it. I plan to play more and hopefully goto more live games. But then this is something I am not too sure about. I dont have the money to invest that the game calls for. 
  • Start making a lot of money. I have had the pleasure of chasing my dreams and working for companies that you don’t often associate management graduates with. Its been fun ride but as a result I have been left poor. Now that I am almost at my half life, I need to fend for myself. And I need to start making money. Btw, any recruitment placement hr consultants reading this (three keywords in one line ought to attract some bots)? I am a MDI graduate with almost 5 years of solid brand management and advertising experience. I just need a lot of money and I will sell my soul if I have to. You know where to reach me.
  • Ensure that all the resolutions listed above. 🙂
And ofcourse this is no way a complete list. I would keep adding things to it. 2012 could be the last year for us humans and I better make the best use of it. I need to live it up. And, if, by any chance, this is not the last year, I am sure having done these things would do no harm. It would only help. Right? 

RIP 2011

Though I dont really believe in pandits and/or astrological predictions, SS02Sep once told me that some world famous pundit has told her that I’d be filthy rich in 2011. This was sometime during the MDI days. Since then, I continuously cribbed that 2011 was really far and I couldn’t wait for it to begin and all that.

But when 2011 started, I was elated. My life long quest to get rich was coming to an end. I had some plans, a few vague ideas, a lot of hope and large amounts of desperation when I started the year. And I knew that the combination of all these four would ensure that I do well for myself.

And like all other years that have come and gone, 2011 came and its almost over. About 10 days to go. And I am far away from being rich. VERY far. So far that I’d have to postpone it to 2012. So, during the year, I did get a few opportunities and I did spot them. But then just when I thought, that was it, things would drift away from me. Not once, not twice, but thrice! And apart from work, 2011 made a dent in my personal life as well.

No point getting into details here but 2011 sucked. The entire year. Lost more than I achieve to be honest. Both personally and professionally. Am glad that its almost over. This is one of those proverbial bottoms and from here on things can only become better. Hope 2012 is better. It better be.

And to be honest, if it 2012 doesn’t make me, I would have to accept defeat and sink deep in the bowels of regular naukri and thus, mediocrity.

3M: Of Shoes, Books and Travel

Starting this week, I shall try and post something or the other every Monday. I shall call it Monday Morning Musings. Or 3M in short. Why would I do this? I dont know. I just want to. When would I stop doing this? I dont know.

Anyways, so this week I shall talk about places and things where I spend most of my money on.
To start with, I spend waste invest heavily in shoes. The paradox is that I hate to wear shoes but then I love to buy shoes. I have about 12 pairs right now and I think in terms of brands, I have more Puma than Nike than Converse that Reebok than Adidas. And yes most of these are sports shoes. I do have a pair for those odd occasions when I am made to wear formal trousers. So attached here is the latest addition to my collection! And believe it or not, I bought these from Patiala.


Then, once am done with all shoes, I buy books. I buy books about anything and everything. And more often than not, I use flipkart.com‘s wonderful COD. If I ever wanted a job, I would want to work for flipkart. Their execution of things is impeccable. If Amazon.com ever thinks about entering India, they should start by acquiring flpkart.com. Jeff, are you listening?

And then after all the shoes (that I buy and do not wear) and books (that I buy and do not read), if I am left with money, I buy air tickets. Between Delhi and Mumbai. I have that frequently that the counter girl at GoAir now knows me my face and moment I show up, she volunteers to give me my favorite seat on an aircraft – second last row, aisle seat.

Wondering what are three things that you buy most with your money? Anyone?

Anyways, until the next 3M, adieu!

How to loose 20000 in an hour

I think I have mastered the art of losing money. The latest gaffe is how to loose 20K in a hour. Its a two step process. Here it is …

  1. Bang someone’s car and pay 5000 for the repair. Even when the other person hadnt asked for it.
  2. Order a gaming console for a friend. Assuming that its 8000. And you actually end up paying 15000.

P.S.: Love the fact that I can pay this money without thinking too much.

84 Fucking Lakhs


This day on, my blog will start featuring adult content. Reader discretion advised. If you think am getting offensive with what I write, please move on.

I am pissed. Very pissed. Furious. Raged. And all those adjectives that the creators of English language created to express an emotion of extreme anger, frustration and helplessness. I am all of that. And more. More than words can express. More that I can put in shape of words. Wish I could write better.

And why is that I am all of the above? Because I just came back from a wedding where the groom was “gifted” a BMW. From what I heard, the car is about 84 lakhs INR in Delhi. Can you believe it? 84 lakhs? A gift. I dint even know a car could cost that much. Not even in my dreams.

I thought people like that only existed on Page 3s. And if they were for real, they had to be bollywood stars, cricketers and/or politicians. But now I officially know a guy, firsthand, who has received a preposterous amount as gift. For his wedding.

I have always know that world is unfair but it suddenly looks lot more depressing. The battle with myself look pointless. The reason to exist and go though all the agony look pointless. All the effort that I am putting in, all those things that I am doing, all the flak that I have been taking from friends, family, neighbors etc seems going down the drain. All the promises I made to myself look like mirages.

Imagine there are some people, that have enough free cash to be able to gift their daughters 84 lakhs. I am not even talking about other expenses that a wedding entails. Fuuck!!!

In my 27 years, my total earnings, ever, collectively is less than half of that. And I am an MBA from one of the top ten BSchools in India. Come to think of it me, my dad, my sis put together do not make that kind of money.

How the fuck am I supposed to compete with people who have all the money to do what they want to do? I couldn’t launch a business for want of bloody 10, 000 rupees. 84 lakhs is 8400 ten thousands. This dude can launch 8400 of these businesses before I even dream.

And if I asked that guy to make that much money without using any influence, power, contacts, friends, how many years, wait, how many lives would he need to reach a tenth of that amount? O, this is debateable. Forget this line. But its unreal the kind of opulence that some people live in.

How did guys like Dhirubhai Ambani manage things? How? Some divine intervention? May be. Mera kya hoga? Suddenly I am worried. And how.

Life suddenly looks so so unfair and so meaningless. Why the fuck am I even trying? fuck. One of those days I guess …

Initially written on 3rd Dec 2009. Gave myself a break of few day before posting this to be able to look at things rationally. But more I think about it, more sick I get.

Aaj Pehli Tareekh Hai

Nov 01, 2009.

In an ideal world, today would have been day 1 of a new month. And would have meant, amongst other things, salary. Ok, if not salary, the hopes of getting one (my salary usually came in the beginning of the second week). Salary meant that bank balance would be back to respectable levels (which IMHO is subjective). And that would mean midnight buffets with friends at five stars (and an opportunity to ogle at pseudo-celebrities, act rich and snobbish). And would mean a new gadget (that I would use for exactly four days. Ask my iPod, PSP, Kalieodoscope, Rubik’s Cube, Dominoes, Juggling Balls etc.). And would mean a new pair of jeans/sneakers/tees etc (and bragging points for redefining desi “coolness”). And would mean plans to travel to yet another place (and once in a while those plans did work and me and Neo explored places, mountains, rivers, roads, people, ourselves) . And it would mean decisions of investing whatever is left in some penny stock (hoping that that might go up by 500% in one week and dreaming the vicious cycle of dreams). And it would initiate those conversations where you compared your paycheck with your classmates and colleagues (and you discovered that you earned the least among the lot).

Sigh! those were the days.