March 2018, I quit my job. I relocated from one Metro city to another Metro City. After a decade of my experience into Corporate Finance, I wanted to be my own Boss now. I was an aspiring entrepreneur and came to this City with Big Dreams and a stagnant bank balance. Fast forward my journey as an entrepreneur began, expenses shot up like anything and my bank balance was dropping low!!
My revenue generation was peanuts even after a year, while on the other side I was investing hugely on my self-development.
Why I am sharing my story with you is simply to emphasise on one thing which is Financial Independence.
Every investment I made right from self-development to my crazy expenses in entrepreneurship, was from my own pocket. I made sure every expense on me will be taken care of by me only... Just because I have no job today, does not mean my expenses will be covered by someone else.
Just because I am working from home today, does not mean I have lost my identity.
Let us take you on what I did that came as a rescue for me for a year and will forever be:
The income that I saved yesterday is still managing my Expenses today!!
Nevertheless, be a Smart Planner, and beyond that be a Smart Investor.
Identify what are your Needs and Wants. This is the first step, once we are clear on this outflow of money is controlled.
Yes, we do earn and want to live a lavish life, Everyone does ... RIGHT??
But first, fulfil your NEED, and be ready with your Emergency Fund. Rest will follow...!!!
-NEHA TRIPATHI (Entrepreneur, Speaker, Trainer, Writer)