EverydayFI Slow and curious FI - Rakesh M. | Ep 68
Sep 8, 2025
In this conversation, Rakesh M., a tech worker pursuing financial independence, shares his journey from India to the U.S. Influenced by his father's banking career, he discusses evolving financial habits and his initiation into the financial independence movement. Rakesh highlights the challenges of being an immigrant, his transformative savings strategies, and the joy of aligning spending with personal values. He emphasizes the importance of enjoying the process toward financial security, rather than just focusing on the end goal.
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Childhood Money Shame
- Rakesh recounts an early memory when his uncle mocked his parents for their low expenses, which left his mother in tears.
- That moment convinced him his family was poor and shaped his lifelong money fears and frugality.
Dad Turned 'Takes' Into An Investment
- After his first paycheck, Rakesh gave 30% to his father and then spent the rest recklessly while dating his future wife.
- At his wedding his father returned and revealed he'd invested that money, surprising Rakesh and showing his parents' long-term sacrifice.
Parents Prioritize Grandchildren Over Children
- Rakesh considered moving back to India but his parents insisted grandchildren should grow up in the U.S. and that they can manage their own finances.
- His parents prioritize grandchildren's future over passing assets to children, influencing Rakesh's long-term plans.
