Retiring and doing Raja Yoga meditation service is a noble and fulfilling way to spend one's golden years. However, it's important to consider some key factors before taking the leap. Here are some things to keep in mind:
Stock up on groceries: Before retiring and dedicating oneself to Raja Yoga meditation service, it's important to make sure that one has enough groceries to last at least 3 months. This ensures that basic needs are met and there's no need to worry about running out of essentials.
Have cash reserves: Having enough cash reserves to cover at least 6 months of overhead expenses is a smart move, as it provides a cushion in case unexpected expenses arise. If one's monthly overhead expenses are, say, Rs. 20,000, then it's recommended to have at least Rs. 1.2 lakh in hand.
Consider solar power: Investing in a solar power connection for the home can be a good idea, as it reduces reliance on external power sources and can lead to long-term cost savings.
Pay off debts: Before retiring, it's important to make sure that all outstanding loans are paid off. This eliminates any financial burden and allows for a stress-free retirement.
Invest wisely: If one is retiring with a monthly salary of, say, Rs. 75,000, it may be wise to sell any extra properties and invest the proceeds in a bank account that yields at least Rs. 12 lakh per annum, or Rs. 1 lakh per month. This ensures a steady stream of income even after retirement.
Consider a part-time job: It's also a good idea to have a part-time job that provides additional income. This can be a simple job that requires working for 2-3 hours per day, but pays a decent amount, say, Rs. 10,000 to Rs. 20,000 per month.
By following these guidelines, one can retire and dedicate oneself to Raja Yoga meditation service without worrying about basic needs or financial stress. This allows for a fulfilling and peaceful retirement, where one can focus on spiritual growth and service to others.