Earning money through value – A personal perspective

What with one thing or the other, I have been totally irregular with my blog this year and have been almost absent for the last two months or so. Part of it is due to my busy schedule in a variety of things and the rest is linked to my life situation. There are however, several ideas I have which can be converted into significant and meaningful blog posts and let me try and do it more often from now on.

In the last post I had written about how money actually comes to you or anyone from other people and you need to provide value in order to earn money. That blog post had a very good readership and several readers commented on it. Let me try and expand this more on the current post. I will take my own example and this should help readers get into my thought process. Some of this was not evident to me as I went through life but experience leads to knowledge and wisdom, so I have a very clear perspective on how things transpired for me in life as I went along.

For people who know about me I an from a middle class family based out of Durgapur in West Bengal. My father worked in SAIL and we had a fairly comfortable existence with a family of 5 , though not a luxurious one. Education was always a priority and I was a good student completing my schooling from St. Xavier’s school, going on to get a BE degree in Computer Science & Engineering from Jadavpur university, ending up with an MBA from IIM Calcutta. Like most people, I was creating some intrinsic value through all this education in the hope that there will be companies who will give me jobs based on their needs of such value. I did have 7 such jobs when I graduated from my Engineering but decided not to take up any as I had got admission into IIMC. On my graduation from IIMC I received 2 job offers from HCL and Wipro, deciding to join the former.

Over the next two decades, life was a roller coaster ride on both the personal and the professional front and I lived through it enjoying it immensely. On the personal front getting married to my wife Lipi, births of my two children and their growing up, moving from Delhi to Chennai and now Hyderabad, travel and vacations all made life enriching. On the professional front progress was hectic as I was part of management in just 4 years and progressed swiftly to top management cadre in another 4 years time. My first CEO role was in 12 years time and I worked for another 15 years in similar Executive positions. The knowledge, skills and expertise I was able to gain through my initial education and later on through my experience and performance in the various job roles helped me in securing these positions and earn a certain amount of money.

After 27 years of corporate life, I realized that doing what I did for 15 years at CXO level was taking its toll on me. I was still pretty good at what I did but I did not enjoy it any more. I also wanted to add value to more people rather than restricting myself to just one company as the CEO etc. I also wanted more time to myself for pursuing the many interests that I had. While I had always been able to maintain a very decent work-life balance, when one gets to 50 there is a clear feeling of time passing by rather quickly. I therefore quit the regular corporate grind and started a Management Consultancy practice where I worked with SME companies in the IT/ITES areas to help them formulate and implement growth strategies. Here again my corporate experience as CXO provided the value that such companies were looking at and they were prepared to pay for it. This mode also gave me enough time to follow my interests and passions.

Over the years I had been very interested in personal finance, stock markets and investments in general. This helped me in organizing my finances in such a manner that I was truly financially independent. In real terms it means I do not really need an active income to maintain my lifestyle but can fund it from whatever assets I currently have. As I wanted to share my experiences and knowledge with others, I started this blog in 2015 and it has been a pretty successful one. A lot of people saw value in it and reached out to me for helping them with their financial planning. Though I do not do this professionally I am happy to do it for people who approach me.

Training on a variety of topics including high end management area has been a long standing interest of mine. I developed a framework on Strategy planning and Execution courtesy my being CXO of so many companies and currently offer workshops in these to companies for bringing about change in the way their management people think and act. There has also been an abiding interest in Education over the years, B school education being at the center stage of it. I have been mentoring people for B school admissions informally for the last 5 years and have started to do it formally this year. Food, travel, sports and performing arts are the other interests i have.

So if I am looking to earn money out of all my knowledge, skills, expertise and interests how can I do it in tangible terms? Look out for the next post as this one has got rather long. I promise the wait this time will be a much shorter one.

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