Jayakumar Ramakrishnan, a manager at a Chennai-based software company, is thankful that he has one less thing to worry about as he manages working from home amid the covid-19 lockdown. “I don’t have to worry about my cash flows immediately as I have an emergency corpus to fall back on," said Ramakrishnan.
This also means he can continue with his investments to service his goals, and doesn’t have to divert them towards regularizing cash flows like many others are being compelled to do right now.
Ramakrishnan is in a comfortable place because he has a financial plan, but things were not always as smooth for him. He believes it would have made a huge difference had he started investing in a planned manner right from the time he first started