I recently took a trip back to my hometown (In Indore) and had the chance to catch up with my uncle, who just retired at the age of 55.
He worked as an engineer for a private company and decided to take early retirement.
He used a portion of his PF to pay off the mortgage on his house. Now, he owns a spacious home where he lives with his wife and son.
He invested 1.2 Cr in across diversified mutual funds, fixed deposits, lots of Gold. Although it might not seem like a massive sum, it's sufficient to cover his living expenses. He has good health insurance.
Living in a small town, his monthly expenses are comfortably covered from the interest he receives.
My uncle enjoys a pleasant lifestyle. He drives a Maruti Swift when he needs to travel out of town, but most of his daily needs are within easy reach.
This visit made me reflect on the simplicity and contentment of life outside the city. My uncle’s experience has shown me that financial independence isn't necessarily about having a huge fortune but about making thoughtful choices and understanding what truly brings happiness.