Being an Indian, and a lower middle class Indian at that, money has always been a fascination. Its always at the back of my mind in everything I do. Making money, spending it, wagering it, saving it, looking at it, am constantly thinking about it.
So I thought, I'd make a list of my "tangible" money-related goals over the years and see what I expected an what I got.
And since we are talking about money, I remember most of the numbers. So, without further ado, here is a quick and dirty list. Please note that I am not talking about specifics here. If you are interested, write into me and I would get back.
- When? aspiration around money
- When I was a kid and played cricket all day long? nothing
- When I was in college and wrote awesome code with C? Rs. 10,000 a month (Rs. 120,000 a year)
- When I read about Bill Gates and got inspired to start something? Richest man on planet
- When I entered MBA and was told that I could change the world? Rs. 10,00,000 a year
- When I ended MBA and I realized that time to change the world has come? Rs. 50,00,000 a year
- When I got my first salary and became the part of rat race? More than what my batchmates were making (Rs. 30,00,000 a year)
- When I finished 7 years of working after my MBA, having changed 4 jobs, dragging my career alongwith? - Financial Independence (The NPV of my financial independence at INR 1 crores)
- When I retire? I dont know yet.
So, I did try and plot this in a chart. This is what I got.
|Comparing the aspiration vs actual money, over the years|
Like all my analyst friends, I also believe that charts hide more than they reveal. Though in my case a few things are quite clear. Here are these...
- The greatest jump in my actual money came in when I finished my MBA. After that it has stayed on a steady growth path, except the last few years when it slowed in its growth and has come to a stand still. This may tell analysts that I fucked my career like anything and I am stuck with a glass ceiling.
- With age, people tend to get closer to their dreams and grow faster. I on the other hand have been going away from my aspirations. My growth has also stalled in the last five years.
- My thinking about money changed drastically at three points in my life. One was when I learnt that there is someone called Bill Gates. Two was when I started comparing my salary with my peers (and when they started buying fancy cars, houses etc). And three when I turned 30 (this is when I thought I would chase larger goals in life, rather than a house etc).
- If I am to bridge the gap between the two lines, I need some kind of a giant windfall gain. Ofcourse I dont have the balls to go loot a bank or something. So it has to be something that I start or something that I could be a part of. Where I put in efforts now and hope that in next five years, when the gap would widen even more, the efforts result into large returns.