Sunday 25 June 2023

Financial Freedom Is Not Just for the Rich: A Guide

Follow these steps for you to achieve the same.



 Financial freedom is often perceived as a privilege reserved for the wealthy. However, as an experienced financial advisor, I firmly believe that financial independence is attainable for everyone, regardless of their current financial circumstances.

Just like a seasoned traveler relies on a map and navigational tools, you can follow the steps given in this article to achieve your financial freedom.

Reflecting on those experiences, it is clear that financial freedom, a state of being financially self-sufficient and stress-free, is a goal you must choose.

Achieving this freedom is not an overnight process; it requires a systematic and disciplined approach. It is important to avoid making uninformed decisions that can hinder progress.



We live in an era where joint family is an endangered species and thus you are left to fend for yourself even in an emergency financial situation.

In a Contingency Situation, the options for you could vary from selling your prized processions to selling your blue chip shares/Mutual funds to taking a Credit Card loan or even borrowing from your friend or the next-door moneylender.

All these could lead to potentially rock your Financial Plan. This is where an EMERGENCY FUND comes into the picture.  One of the biggest lessons that COVID has given all of us is the importance of having an EMERGENCY FUND

Emergency Fund acts as a Shock Absorber of a Financial Plan. The absence of it can make a Financial Plan turbulent. Once you have this covered…. then the mental peace you have is unparalleled.

If you don’t have an Emergency Fund, SET IT UP NOW!!!





The most vital aspect of Financial Planning is Risk Management. We never know when life will throw a Googly at us (covid, etc). Thus, it’s absolutely crucial that we are adequately covered for such emergencies by way of Health Insurance, Vehicle Insurance, Property Insurance, accident insurance, etc.


Insurance can be expensive, but it can save you a lot of money in the long run. If you are unable to work due to an illness or injury, health insurance can help pay for your medical expenses. If you are in an accident, auto insurance can help pay for the cost of repairs or replacement. And if your home or belongings are damaged in a disaster, Property insurance can help pay for the cost of repairs or replacement.

Insurance is thus, not an expense, but a smart way to ensure your financial stability and peace of mind.




Create a plan for your money to flow properly. It’s a blueprint that guides your financial decisions.

This plan called a Budget in other words, helps you effectively manage your income and expenses.

List out all your income from various sources like Salary, investments, rent, government benefits, etc.

Likewise list out all your expenses like Food, Transportation, Rent, Utility bills, insurance, and EMIs.

 Be sure to include even your irregular and make provision for unexpected expenses as this will make your budget plan realistic.

Once you know where exactly your money is going and coming from, you can then decide how much you can save and invest.

Note that the budget plan should be flexible. Our life is constantly changing. Income may vary, expenses may vary and thus your budget plan should be flexible enough to have all these adjustments to navigate our financial journey.

The plan for the money flow will help establish a strong financial foundation so that you can easily achieve your financial goals.



Saving and investing are the pillars of building a solid financial foundation. Saving helps you build up a cushion of money in case of unexpected expenses like a job loss or a medical emergency, while investing helps you create wealth over time and achieve all your financial goals like Buying a home, etc

Set aside a portion of your income and build an emergency fund to deal with unexpected expenses. Find investment opportunities that suit your goals.

Don’t just save… INVEST!



SAVING is a process of accumulating money. With Saving, you are safeguarding your money and is risk-free. 

INVESTING is the process of CREATING WEALTH and could involve some form of Risk.

SAVINGS doesn't need much expertise. 

INVESTING is complex and expert hand-holding is a MUST at least in the initial stages and in some products, inevitable. 


 If you are not sure how to save or invest, consider talking to a financial advisor. A financial advisor can help you create a financial plan that meets your specific needs.





It’s proven that we humans work better and are more successful when we have a specific goal to focus on, as a goal will give us direction and keep us motivated.

Divide your financial goals into specific short terms like Visiting Char Dham, medium-term goals like buying a Car, and long-term goals like Child Marriage or Buying a Dream House.

By writing these goals, you will get a purpose and motivation to make your money directed towards achieving those goals.

Having clear financial goals will propel you faster toward the goal of Financial Freedom.




Debt will take you down the hold and digging will only get deeper and deeper with every passing day of your debt life.

If you already do have a debt, work vigorously towards reducing and clearing off the same. Please note that having debt will also affect your cibil score and thus you will have to pay higher interest if you need further debt.  Be mindful of your spending habits and resist the temptation to rely on credit cards or loans for unnecessary purchases. Focus on living within your means and utilizing cash or debit for your day-to-day expenses.

 Imagine that you're trying to run a race, but you're carrying a heavy backpack. The backpack is full of debt, and it's slowing you down. No matter how hard you try, you can't seem to catch up to the other runners.  That's what debt can do to you. It can weigh you down and make it difficult to achieve your financial goals.


One of the easiest ways to avoid getting into a debt trap is by

a) Having an Emergency Fund

b) Having a pre-planned expenses list and sticking to it

c) Pay all your bills ON TIME


Remember, avoiding debt is an essential component of achieving financial freedom. By adopting a prudent approach to spending, building an emergency fund, and repaying existing debts strategically, you can pave the way for a more secure and prosperous financial future. Stay committed to your goals, practice financial discipline, and celebrate the milestones as you move closer to a debt-free life.




A strong sturdy building stands for 100s of years only due to its PILLARS.

A farmer relying only on 1 crop is vulnerable to unpredictable crop failures but if he has multiple fields and multiple crops, the chance of a bountiful harvest is sure to happen.

Likewise, try to have multiple income sources so that you have a safety net that gives you a cushion against unexpected financial setbacks in any one of the income sources.

Do explore and pursue various income avenues, leveraging the power of diversification to secure your financial future.

By spearing your investments across various asset classes and sectors, you reduce the risk associated with a single investment.

Having multiple sources of income (however small) gives you a sense of security, and more freedom and reduces your risk thus increasing your chances of achieving Financial Freedom sooner.



To reach your destination efficiently, you need to fuel your journey with consistent efforts. Just as a car requires fuel, your financial journey demands regular savings and investments.


Just as a smart shopper seizes discounts during a sale, adding funds to your investments during market downturns can enable you to buy assets at lower prices, potentially increasing your returns when the market rebounds.





On a long journey, it's natural to encounter detours and obstacles. The same applies to your financial journey. Unexpected expenses, market fluctuations, and life events can throw you off course. That's why it's crucial to review and adjust your financial plan regularly, like recalibrating your GPS.


Even the best of plans can go awry due to unforeseen and unavoidable changes in life and circumstances

A review and a route change are a must in such a case.

Say a change of job, childbirth, a death in the family, tax law change, or even a change of place of work could lead significant impact on the financial priorities.


Just as a ship adjusts its course to reach its destination, we may need to keep making necessary adjustments in our financial plan to stay on track to achieving Financial Freedom

A review will help in accessing your progress and identify areas where improvements are needed.



Remember, with each adjustment you make, you are optimizing your plan and inching closer to achieving your dreams. The review helps in making informed and proactive steps to reach our goal of Financial Freedom more quicker. An experienced Financial Advisor by your side can provide valuable guidance and give insights into investment opportunities and make sure your strategy aligns with your goals helping you reach your goal on time with the least stress.


Achieving Financial Freedom is not a pipedream.

 It is a realistic and achievable goal that anyone can pursue with the right habits and strategies. By following the steps outlined in this article, you can set yourself on the path to financial freedom and enjoy life to the fullest.


Financial freedom is not an exclusive privilege of the wealthy; it is a goal that can be pursued by anyone committed to taking the necessary steps. Remember, it starts with cultivating healthy financial habits, building a strong foundation, embracing incremental progress, leveraging the power of compounding, seeking knowledge, and surrounding yourself with a supportive network. Embrace the journey towards financial freedom, knowing that you have the potential to unlock a future of independence and security, regardless of your current financial circumstances.

 All The Very Best,

Srikanth Matrubai

Author – Don’t Retire Rich

 This article of mine is also published in MEDIUM

All the best,
Srikanth Matrubai
Srikanth Matrubai, Author of the Amazon Best Seller DON'T RETIRE RICH

You are strongly encouraged to consult your financial planner before making any decision regarding this investment. The views expressed here are the author's personal views and should not be interpreted as a recommendation to invest/avoid.

Srikanth Matrubai Author of the Amazon Best Seller DON'T RETIRE RICH

Do read the book and give your valuable feedback and request you to post positive comments on Amazon. 

You can purchase the book on Amazon and Flipkart 

For the best of ideas on where to invest to create Mountains of Wealth 
join my TELEGRAM channel

Saturday 17 June 2023


My father like most fathers was - FIRST & BEST CAREER COUNCILLOR!

He like all fathers was neither to hold me back nor a sail to take me to my goal. He was a guiding light who showed me the path with his life long lessons. 





My father was a master negotiator when it came to increasing my pocket money. Even when I used to justify the reason for increasing my pocket money, he would make me do extra chores.

By making me haggle for my pocket money, my father was teaching me the value of money. He was showing me that money doesn't grow on trees and that I must work for it. The deliberate delay in enhancing the pocket money was only to make me learn not only how to budget and plan the expense for the entire month but also the art of Negotiation!

Haggling over pocket money meant I learned to MANAGE the small money I was given throughout the month. This made me PLAN for my entire month's expenses with that so-called tiny amount.

This art of Negotiating helped me when I had to buy my car and a whole lot of deals! It has also helped me make informed decisions, avoid impulsive spending, and cultivate a healthy relationship with money.




I remember how through playing the Snakes and Ladder games, he made me understand to take disappointments and hurdles in stride and continue to focus on the goal. Especially when I used to land on Snake and slide really down to the bottom, he reminded me that sometimes you do land on a ladder and climb up very fast!  He said when the market crashes, just stick to your monthly sips and hold on to your investments, and when the tide turns, markets do go up and so do your investments!

 His mantra is “Keep playing, you can eventually make it to the finish line”.

By investing for the long term, not panicking when the market takes a dip, diversifying your investments, and rebalancing your portfolio regularly, you can build a strong financial future for yourself and your family. Stock markets will have their ups and downs but by not getting distracted and continuing to keep investing regularly and staying invested during market falls, the GAINS will be huge, and YOU WILL REACH YOUR INTENDED GOAL.


My father’s guidance has helped me develop a calm and rational mindset toward investments, knowing that the journey to wealth creation may have bumps and detours. By coping with challenges and keeping my eye on the destination, I have built the strength and endurance necessary to traverse the investment terrain and achieve long-term financial prosperity.

There were instances when the market experienced downturns, causing my investments to diminish in value. However, I held steadfast to the teachings of my father, keeping my focus on my long-term objectives. Ultimately the markets do recover and so did my investments helping me to accomplish my financial goals and create a stable financial future for myself and my family.





Once when I insisted that my father get me a bicycle. He said, “Okay… you start putting Rs.5 in pygmy every month and I will put Rs.50 in the same pygmy only if YOU save”.

I took up the challenge excitedly! It wasn’t easy but the excitement of a bicycle was too tempting, and I continued with dogged determination. And yes, after 12 months, I finally got my dream bicycle with 10 times matching contribution from my father.  Little did I know at the time, this experience would be my gateway to comprehending the tremendous power of monthly systematic investment plans (SIPs) and compounding.

This bicycle purchase gave 2 invaluable lessons.
One of the DISCIPLINE of investing saving and investing regularly.

Two, the Power of Compounding!

It became a fundamental pillar of my financial literacy, enabling me to embrace the habit of disciplined saving and wise investing. Recognizing the potential of monthly SIPs and compounding, I embarked on a journey of wealth creation, realizing the importance of staying committed to regular contributions and allowing time to work its magic.

Through this transformative experience, I grasped the essence of building wealth steadily and methodically. It taught me that even small, consistent contributions can pave the way for significant financial growth over time.




I have seen how hardworking my father was in his office. At his workplace, my father exemplified diligence and a strong work ethic.
What truly set my father apart was his ability to switch gears once he stepped inside our home. he would spend time with everyone and enjoy his favorite cricket match highlights.

He always made time for his family and friends and enjoyed the simple pleasures of life. He would come home from work and spend quality time with everyone, listening to their stories, sharing his advice, and making them laugh. He would also relax by watching his favorite cricket match highlights, cheering for his team, and commenting on the players’ performance.

He taught me that work is important, but so is life. He taught me that you can be successful in your career without sacrificing your happiness or your relationships. He taught me that you can have both work and life balance if you manage your time well, set your priorities right, and appreciate what you have. 


The work-life balance he maintained encouraged me to adapt the same and this is what has helped me have a life truly enjoyable.



Even though my father was excellent in tax matters, I have seen how many of our relatives and friends used to take his advice in tax matters even though he was not a Chartered accountant.
But when it came to his own tax filing and other tax-related matters, he would invariably reach out to our Chartered Accountant uncle.
He used to say EXPERTS ARE THERE FOR A REASON.  He used to say “They have the knowledge and experience to help you make better decisions. Don’t do everything yourself and end up messing”.

 It is difficult for even the most knowledgeable person to keep up with all the latest changes in tax laws. A CA has access to up-to-date information and resources, and they can help you to ensure that you are compliant with the latest tax laws.

My father's reliance on a CA exemplifies the significance of seeking specialized knowledge. It is wise to consult professionals who possess expertise in specific areas.

Collaborating with experts can help us make informed decisions, avoid potential pitfalls, and maximize our financial outcomes.


My father never let me win my favorite carrom games.

He beat time and time again showing no mercy.

When I was finally able to beat him when I was about 8 years, it was the most relishing moment in my life and the sweetest ever.

It was that hard-earned


Yes. father made sure I learn that it’s not easy in life to win and if you keep persisting and keep doing your hard work, you will get rewarded on day. By consistently challenging me and not letting me win easily, he taught me to embrace setbacks and keep striving for success. My father always adapted his game according to the situation. He changed his tactics according to the position of the carrom men, the score, and the opponent. He also adjusted his game according to the condition of the board, the powder, and the striker. He taught me the importance of being flexible and adaptable in wealth creation. 





it was my father who made me start loving numbers in spite of my fear of Maths.

He showed me the power of compounding by showing the investments he had made in mutual funds and companies in the stock markets

The small, tiny investments had ballooned and the dividends received annual was more than the investments made. It made me realise the POWER OF LONG-TERM INVESTING & WHY COMPOUNDING IS CALLED THE 8TH WONDER OF THE WORLD


While my father did appear to be focused on practical matters, his underlying motive was to provide me with a stable and secure financial future.

My father was a harmonious blend of imparting practical financial knowledge and nurturing emotional intelligence guiding me towards a prosperous financial journey.


So, on this Father's Day, I want to thank my father Matrubai M.N.SHANKAR  for everything he did for me. I love you, Dad. And to all the fathers out there, I want to say thank you. Thank you for being there for us, for teaching us, and for loving us. We appreciate everything you do.

Happy Father's Day!

Love you very much!!


Srikanth Matrubai

Author – Don’t Retire Rich

& Wealth Of Wisdom


All the best,
Srikanth Matrubai
Srikanth Matrubai, Author of the Amazon Best Seller DON'T RETIRE RICH

You are strongly encouraged to consult your financial planner before making any decision regarding this investment. The views expressed here are the author's personal views and should not be interpreted as a recommendation to invest/avoid.

Srikanth Matrubai Author of the Amazon Best Seller DON'T RETIRE RICH

Do read the book and give your valuable feedback and request you to post positive comments on Amazon. 

You can purchase the book on Amazon and Flipkart 

For the best of ideas on where to invest to create Mountains of Wealth 
join my TELEGRAM channel


Recent Most Popular Posts

A Comprehensive Guide to Securing Your Children's College Future

Congratulations on the birth of your angel-like child! It is natural to start dreaming about their future, and you, like all parents drea...