Personal Finance
Money is the Modern Equivalent of Monkhood
By Growing your tree of prosperity  •  November 18, 2020
There is a spiritual dimension of Financial Independence Retire Early or FIRE that mirrors Eastern Religions that is hinted in Naval Ravikant's Almanack which I would like to explore in this article. First I'd like to explore two concepts : a) The Lesser Wheel of FIRE The Lesser Wheel of FIRE is what we would typically associate with the FIRE movement - you have a history of basic expenses that you hope to care of with your investment income. When your investment income begins to cover your basic expenses, you gain Nirvana-like freedom from the capitalist world and it opens up whole new possibilities in lifestyle design. For REDs, you can start a business for world domination. For the rest, it can range from a cessation of corporate ambitions, farming entire salary to stock portfolios, or leaving the workforce entirely for personal hobbies if you are Green. In many cases, investment income continues to rise after financial independence....
Read the full article
By Growing your tree of prosperity
I have recently completed my Juris Doctor and I am waiting to be called by the Singapore Bar. For the past 15 years I was an IT manager and I have worked in multinationals, financial exchanges, trade unions and even a government agency. I started my career as an AS/400 administrator and moved on to manage IT projects and operations
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance