TomorrowMakers

This is how I took charge of my finances
Mr. A. Sarma
Retired Government Employee

Having retired more than a decade ago, I often look back at the investment choices I have made in my life. Times were much simpler when I started out as a government employee. Risk-free saving schemes were far more rewarding and there were not many options to choose from while investing. I had invested small amounts in the national saving certificate scheme early on in my professional life. They used to double in five years back then and I just used to reinvest the amount that matured after five years. So by the time I retired after 40 years of service, I had reinvested in my NSCs eight times. This meant that even a 1000 rupee certificate turned into 2,68,000 through repeated reinvestments!

During these four decades, the value of land increased many times more than those NSCs. So did I miss out on the nation’s growth by playing it safe? Should I have diversified a bit more, albeit within the limited options available? It’s for you to decide. As for me, I am not complaining about the return that I got, as it covers my retired life well and truly.

How I did it

Rahila Khan
Homemaker

I am a single mother of one. I lost my husband just 5 years into my marriage. Life has been a struggle for me, but I have managed it and today I have no complaints. 

I was a young widow with a 3 year old son when my husband passed away due to a heart attack. My parents were my rock… Read more

Piya Sharma
Chartered Accountant

I am a CA by profession. As my training has taught me, investing is a big part of my financial strategy. I am slightly risk-averse and invest heavily in mutual funds, FDs and ULIPs. I stay away from the stock market. 

As the household expenses are taken care of by my husband, I use most… Read more

Rajesh Singh
Corporate Executive

Growing up I did not have much other than the bare necessities. Though my mom tried her best, she could not fulfil our wishes. I always knew I had to study and improve my life. Today, I own a bike, a car and my own humble house. This has only been possible because of my prudent wife.

We… Read more

Suraj Chandwani
Gas Station Owner

I like to work hard and live a good life. I want to give the best to my wife and son, as well as my parents who live with us. I own a gas station in the suburbs of Mumbai. I had taken a loan to set up my business. So a major chunk of my earnings goes in repaying the loan. I also have a car loan… Read more