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Becoming an entrepreneur – Leaving my job, working full time on my websites

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I have left my job so that I can focus full time on my websites. Would need your help and support...





Dear readers,

Thanks to your tremendous support, this website has grown a lot in the 2.5 years since its launch in end-2007 (Currently, www.RaagVamdatt.com gets more than 1 Lakh page views per month).

Your encouragement and positive feedback have always pushed me to write better, and offer more services on this website (and on my Hindi website at www.PaisaPlanner.com).

Of course, this has meant many sacrifices by my family (I write the articles in the time I should be spending with them!), and a lot of pressure on me because I maintained this website along with a full time job.

With the response I am getting from you, I believe that there is an opportunity to take good financial practices to even more number of people through this website.

To take it to the next level, I have quit my full time job so that I can work full time on www.RaagVamdatt.com and www.PaisaPlanner.com.



Reasons behind this decision

As you might be aware, I am really passionate about personal finance and financial planning. (Please check out “About the Author” for more)

And after running the websites for such a long time, I have realized that I have been touching the lives of many people, helping them secure a healthy financial future.

The satisfaction that I get from this, and the sense of fulfillment that I get reading the emails I get from you can not be matched by any job in this world! (For some samples, please check out the “What readers have to say” section on the top-right of this page)

It is a pleasure to be of any help to you, and I would love to dedicate my entire time to this...



Whats next?

Over a period of time, you would see many changes to this website. I don't plan to change the look-and-feel of the website too much, although there might be a few cosmetic changes like change in menu options, etc.

However, I have plans to launch many new services that would further the cause of educating retail investors like you and me. I also have plans to start some offline activities, so that we can interact more in person as well. I will keep you posted about the developments from time to time.

Many of these services would be free, but some of them would also be paid – I am sure you understand that after all, I need to make at least enough to sustain my family!



Need your support and help...

It may seem like I am taking a big risk by foregoing a handsome salary in order to dedicate my full time to these websites – but I am sure that with you by my side, its the right decision.

The journey so far would not have been possible without your help... I request your cooperation and support for my future endeavors as well...

I would love to hear your thoughts through the comments!

With warm regards,
Raag Vamdatt.







Other articles you might be interested in:

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RaagVamdatt.com also offers financial planning service in India. Please check out "My Financial Plan" for more details.




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Note: Please treat the opinion expressed here as a broad suggestion. Please consult your financial planner / investment advisor before making any investment decision.

 

Comments

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Author: Balaji
Jun 28, 2010
All the best!!
Hi Raagvamdatt,

I am a regular visitor of your website and like your articles a lot.They are simple to understand yet very informative. When you are this good working part-time, I am sure you will do a lot better working full-time. I wish you all the success in this endeavour.

Thanks for all the great work and all the best....Balaji

Author: raagvamd
Jun 28, 2010
Re: All the best!!
Hi Balaji,

Thanks a ton for the fabulous feedback and encouragement...

Author: pankajmp1
Jun 28, 2010
Goog Luck
Dear Raag,
this is one of the best sites i have been visiting for past more than one year. You served us with many best informative articles in a easy to understand manner. Now working full time certainely we will get much more inputs,
All the best,God bless
Thanks,
Pankaj Patel

Author: Asav Patel
Jun 28, 2010
Osaam decision
Excellent decision to quit a job Raag.
My best wishes are always with you.

Just create a literature on Personal Finance which can be useful to future generations also.
You have quit your job to add more values in the life of 1 Billion Indians so how can you fail?

I really like your decision to quit your job and happy for you.
Anyways.....take care and keep in touch....

Author: raagvamd
Jun 30, 2010
Re: Goog Luck
Hi Pankaj,

Thanks a lot for all the praise... Yes, now that I am working full time on the websites, I intend to provide much more information - in various formats.

Do keep visiting, and tell your friends and family about it...

Author: raagvamd
Jun 30, 2010
Re: Osaam decision
Hi Asav,

Thanks a ton for the wishes... You have supported my efforts in the past - I hope I would keep getting your support going forward as well...

Author: Jackson
Jul 28, 2010
Wishes
Great on knowing about you and your efforts to make this site invaluable on the info that it provides...Carry on the great work and cheers to you!!!

Author: Ashok K Gupta
Jul 29, 2010
Whether Basic Salary + GP + DA + HRA + TA are to be deposited in case of resignation
Dear Sir,

Delighted to read through your articles.

Going through the various interactions posted on your blog, my flaming desire to have your valued opinion on my case made me approach you.

My case is:
I have resigned from my previous employment and been served an office Memo instructing therewith to deposit the amount consisting of Basic Salary + GP + DA + HRA + TA that makes it Gross Salary, which I suppose is incorrect. They should ask to deposit only Basic Salary + GP and DA.

As far as I understand, HRA and TA is granted for occupying accomodation and conveyance respectively, hence there should be no question of depositing the same. But when approached to the employer, I got no justified reasoning.

Hence may I request you to put forward your expert opinion what is justified amount. Also if possible kindly furnish me the relevant rule, so that I can let them know the relevant rule claiming the reduction in amount.

Anticipating your valued expert opinion.

Ashok K Gupta
V. P. Market, Station Road ,
Bhadohi - 221 401
Cell: 09471191644

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