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Individuals are now converting personal interests into profitable ventures through timely financial planning.
People are pursuing passion projects, early retirement, or completely new careers.(representative image)
As financial literacy and investment tools become more accessible, more professionals are breaking free from the 9-to-5 grind. They are pursuing passion projects, early retirement, or completely new careers, especially the younger generation that values work-life balance and is concerned about burnout in high-pressure corporate roles.
Individuals are now converting personal interests into profitable ventures through timely financial planning. To prove so, we have stumbled upon three individuals who have successfully transitioned from prolific careers to ‘financial freedom’.
If you, too, wish to break free of the corporate clutter and achieve freedom, go through the experiences of these individuals that contributed to their success.
Mayur Channagere (48), Bengaluru
Starting with Bengaluru’s Mayur Channagere (48), who quit a lucrative Infosys consulting role at 33 to follow his passion for photography. With an initial investment of just Rs 50,000 and support from his wife’s income and an emergency fund of Rs 30 lakh, he launched Agna Productions.
He challenged himself to match his annual salary of Rs 12-15 lakh in the first year to continue his photography business. “We had planned for years and knew how to make the business successful,” says Channagere to the Economic Times, crediting his wife, mutual fund SIPs and a balanced portfolio for giving him the confidence to switch careers.
Aparupa and Sujhoy S Nandy (45), Panipat
Hailing from Panipat, the couple adopted the FIRE (Financial Independence, Retire Early) approach. The National Institute of Fashion Technology (NIFT) graduates invested over 50 per cent of their combined income into SIPs, PMS, and gold while avoiding lifestyle inflation.
Today, they have a corpus of around Rs 13 crore, and their portfolio generates a return of 18 per cent (XIRR). It’s enough to retire at 45, but Sujhoy still works and is planning to quit soon.
Udaya Kumar (57), Bengaluru
Then there’s Udaya Kumar, who walked away from a top post at Schneider Electric Software India at the age of 52 to restore ancient inscriptions. Triggered by a 14th-century inscription in Bengaluru in 2017 that carried the name of his village, the 57-year-old gave up on his large team and handsome salary at the company.
“There is no pressure to generate revenues or profits. This is not about money but about giving back to the city that gave me so much,” Udaya says.
Now, he has built a financially strong corpus, and a portfolio shift (from all debt to 30 per cent equity) ensured he didn’t need to earn. He funds his expenses through his savings and even leads a team that preserves inscriptions digitally.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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Delhi, India, India
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