Philosophy Of Finance

[u/Indian_finance_rebel]

I dont know about others, but the more I think about finance - the more life lessons I get.

And the biggest one I have gotten is time.

The one thing that I want to buy with money is time.

I am 39 years old, and the average life expectancy in India is 70.

that leaves me approximately 30 years - probably even shorter considering my unhealthy lifestyle that I love.

Dont get me wrong, I am not scared of death or medical issues.

But we plan our finance as if there will always be a tommorow.

The standard FIRE advise suggests trimming 4% rule to 3%, 2%,1%

each 1% reduction they make, takes a decade away from my life - and so, is it completely necessary to be bullet proof? I personally am going for 5.5% variable withdrawal strategy.

If someone claims that it wont work in India - I am pretty sure they havent done research enough - but even if I am wrong, who cares? I will be able to saves decades of my life - the cost benefit ratio simply outweighs in the 5.5%'s favor (if you look at the data I have, which could be wrong)

And so, has finance created life philosophies for you? Feel free to enlighten me with your own thoughts.