As I recount the last days of my erstwhile corporate life, I romanticize my new existence as a vagabond. I wonder if I will have a lifestyle with no strings attached. Will I escape the common man’s worries of paying rent, getting dressed for work, cleaning the house or doing the dishes? Will I be absolved of my duties of attending to a (future) husband, tucking the (future) children into bed or caring for my parents?
Wishful Thinking Won’t Change Reality
With the new-found freedom (read For Travel Goals that are Long Term…), I am becoming acutely aware of the new responsibilities I have. I am no longer insured by my employer or mandated by law to save a slice of my income for my retirement. To add to the uncertainty, the regular flow of monthly income, that I’d grown accustomed to, is missing. I can no longer dismiss my credit card bills, thinking my next month’s salary will take care of those.
I may have become a full time wayfarer, but I am still accountable to my folks. I may not have to wake up at 7 on every weekday, but I have to be awake at 4 on a weekend to meet that impatient client’s deadline. I may be able to pull off a Skype call with a trench coat thrown over my jammies, but I still need clean sets of trekking clothes on my countless hikes through the wilderness.
Some Needs Are So Basic, They’re Profession-Agnostic
I must also remember that my new profession does not magically make me a superhero. I need a lot of rest after every hectic day of scouting for interesting places. My sore muscles need to relax after every strenuous trek. I have to allow my weather-beaten skin to be at peace after I’ve subjected it to cold winds, charring sun-rays and liquefying humidity. After all, there is no air-conditioning when you’re on the road!
I mustn’t forget that I won’t be in my 20’s forever. The thrill of going solo might some day give way to a yearning for companionship. The couples and families I meet on my journeys will make me question if I indeed can live without a partner or spend a lifetime without having my own kids.
Future Depends On The Steps Taken in the Present
Ruing is of no use when you’ve dreamed an empty dream and taken no action to make it happen for real. Living each day without any consideration for what to do tomorrow, is a recipe for delayed regrets. I don’t have much advice on emotional matters, but for personal finance, there are neat ways to protect your future and grow your wealth. Bajaj Allianz Life’s recently launched Future Wealth Gain ULIP is one such way. The unit-linked insurance plan does its primary jobs of insuring the policy holder and enhancing the worth of the instrument by investing in a mix of 8 debt and equity funds, allowing you to #InvestBefikar and #JiyoBefikar.
There’s quite a bit of flexibility in the product as you can choose the variant you want (Wealth Plus or Wealth Plus Care), the premium you pay, the life cover you need, the policy term, the premium payment term and frequency, the portfolio strategy and even the riders.
Someday, We’ll Know…
Life is a tough nut to crack. You may have had your future planned out, but there are always surprises. Some pleasant, and some unpleasant. Planning ahead eases your pain through the unpleasant times of disease or death. You can never know when life will throw a curveball at you, but you can be prepped to strike a score. Getting your finances in order goes a long way in tiding over the bad times. Do not tarry. (This is the advice I give myself everyday – do not tarry.)
I wander like I have no cares, but I have responsibilities too! Have you financially invested in your future yet? Share some of your strategies in the comments section below! 🙂
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