30:30 Challenges

Our life is a line which starts at Point Birth(B) and ends at Death(D). Between B and D, C comes which means Challanges. Our life is divided into 3 parts.

First part(upto 25 Yrs):- We preapare ourself to face 30:30 challanges. We complete our education.

2nd Part(Next 30 Yrs):- We enter to the professional world(Job/Business), become independent and enjoy our first earning then join hands with someone very special for lifetime and becomes responsible for her/him too. Then soon enjoyed the parenthood and enjoy family life, then children education, their marriage, dream car , dream house and other social responsibilities. While achieving all these challanges, by the time we realize we become 55 from 25 and complete our 1st 30 yrs challange and got retired.

3rd Part(Last 30 Yrs):- Most challanging part of our life as till last month withdrawing highest income of lifetime and now income stopped completely. Just imagine, how would be the life where we need to survive for next 30 yrs with no income. Here, we have two options- lead a dependent life or an independent life.

Which life do you want? for sure the independent life, right?

Here, few things I want to highlight, in first 30 yrs challange we have our regular income which helps to achieve our milestones/challanges with little financial planning. If you short with some amount for any of the challange you have option to avail loan facility also. But, in our last 30 Yrs challange we dont have our regular income also if in need, no loan facility is available for us.

So, what should be the solution to lead a happy, stressfree and independent retired life?

Adopt Another Kid (SIP):-

“Think of SIP as your another KID”

Most families have two children. We spend a lot of money over a 25 year period in educating our children, providing for all their needs, marrying them off in short, getting them well settled in life. I tell you to think of SIP as your 3rd child.

Put in the same amount each month in SIP that you spend on one child.

Do that for the same 25 years. After 25 years, whether your real children look after you or not, this 3rd child will look after you very well for the rest of your life.”

E.g :- If you contribute 10000 every month to your 3rd child(SIP) for next 25 yrs, you will receive 4.5 cr on your retirement day, which will be enough to take care of your last 30 yrs challange. Assuming ROI will be 18% CAGR.