My Meditations « Previously
9 May 2026, 5 PM
What would I do if I were to die in 24 hours?
Latest achievement: paid back a friend some money I owed him.
Let’s be clear I don’t have any loans now (apart from some 38+ Lacs for Home loan — which is collateralized so pretty much painless :: Just that even if loan itself wasn’t a problem, the EMIs were 34+ K is like 34% of my monthly expense.
There is a thought that just clicked in my mind:
And let me be outright, the thought would seem pretty dumb and stupid, pretty irrational and aggressive
“Can I close my Home Loan in 1 Year?”
Let’s do some math:
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Loan amount: 38 L
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Salary: 2—2.3 L/month (24—28 L annually)
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Monthly Expense: 1—1.2 L/month
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Savings: 1—1.1 L/month (12—13.2 L annually)
Looking at the “Savings — annually” and “Loan amount” — seems like at current pace, it would take me 3 years.
Factor in the investments that I have currently: 13 Lacs
So effective burden from loan:
At current pace that would take about 2 years to reach.
Rough calculation would say: to reduce time to half (i.e. 1 year), I’d have to double the input.
Apart from this target-1-year period, what other timelines am I acting under?
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6 Months of probation (May—Oct)
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1 month of allowed bench period
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How long have I been on bench already? 24 Apr — 9 May = 15 days
That makes me think that: apart from having an urge to clear my Home loan, I should also have some emergency fund which going by the books is: 6—9 months expenses OR for me: 6—9 Lacs.
As a first step towards building emergency fund that can also be used to pay home loan, I would:
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Update my Expenses and Investments sheets daily
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Park some money 1k—5k in a Liquid Fund today
My Meditations « Previously
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