𝑾𝒂𝒍𝒍 𝒐𝒇 𝑾𝒂𝒊𝒍 ( දුක් ගන්නා රාළ )

I thought an update is in order after my post  Join the FIRE Movement appeared on LinkedIn a few weeks back. A few who are in my network and not total strangers contacted me after reading that, some seeking help and others to share their Feel Not So Good experiences with me. All of them are either already retired or soon reaching that milestone. There is very little help that can be extended to them other than lend an ear to them as they all have passed that threshold of starting the saving ritual a long time ago. One advice I gave them all was to encourage their children to be savvier when it comes to saving for rainy days. The moment the word Frugal being used, many think that it in some way imply being tightfisted and or stingy. Frugal means spending wisely on things that you need and not on things you want. With the present lower interest rates on borrowing, the opportunities are aplenty and your opportunities are only as limited as your imaginations. Subscribe t...

Social Media are awash these days with this new trend called FIRE (acronym for Financial Independence Retire Early) movement in many parts of the northern hemisphere. The first part is a real gem, even if you have decided to ignore the second part and go the whole nine yards and retire at the right legal (stipulated) age. Financial independence is something that can only be achieved with patience and discipline than knowing all the theories of investing etc. The theories will not take you anywhere but patience and discipline will. The best way to have the financial discipline is to first identify; 1. From where the money comes, 2. Where it goes. Let’s assume that you land on your first job in the city, just after your high school at the age of 18. This employment will pay X amount every month as your remuneration, Now, the source of income is known and how much amount would be is no secret too. Let’s get into the second part now of identifying where it would finally end up. To de...