Being financially happy is easy. Wanting to be financially happier is difficult
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My recent announcement of early retirement at 55 caught some attention. Here was a Mutual Fund CEO who had outsourced his portfolio management to a financial advisor and was sticking to a plan. Many saw it as validation of an advisor-led, plan-driven approach—and rightly so. Having a competent, trusted advisor build a financial plan allowed my family to work toward our goals, while I focused on building the PGIM India brand with my colleagues. One aspect that is important, and perhaps seldom mentioned or acknowledged when you read about financial success stories, is the role of luck and timing. Not just the privilege of where one was born or having a roof over one’s head and a good education. In my case, starting my career post-1991 reforms created opportunities. Joining a private mutual fund early helped accelerate my progression. A dual-income household gave me flexibility in my career as well as in increasing savings. I also had the va...