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Being Your Own Boss

Outlook Money

|

August 2021

Crisis is opportunity? Yes, the pandemic may have left India’s economy as a vast swathe of devastated soil, but behold those flourishing green shoots of entrepreneurship

- OLM Desk

Being Your Own Boss

In March 2020, when the Covid-19 pandemic invaded India, who had thought it would bring us to the cusp of the unknown in so many ways? And yet, here we are, after sixteen months, on the verge of redefining ourselves. Our initial exasperation with the lockdown, with being imprisoned at home, and the home itself being turned into an office, were only the first, material steps in dismantling the world as we knew it. Over a year of coping with a real fear of sickness and death, and of being touched by personal and collective tragedy, added a keen psychological element to that disturbing of settled paradigms—what ensued for many was a deep interrogation of the self and everything out there. It was, relatively speaking, a small duration of time in everyone’s life—even if it seemed like an aeon spent in hell. But perhaps because of that last bit, enduring it has been a truly transformational event.

It was not a purely inner transformation, of course, generated autonomously by individuals or by some group spiritual activity. Most parts of it were forced on people by inimical factors outside of them. The lives of uncounted millions were devastated by the economic paralysis—many by the appearance of the dreaded pink slip, handed by the companies. The companies, many themselves in crisis, in a sense though of themselves as entities separate from their employees—instead of harboring them in a time of common crisis, they chose to leave them out in the storm. That experience of separation, a kind of estrangement, itself came to forge a different kind of thinking. That’s why this crisis birthed a new phenomenon. People began to think for themselves, and of themselves as autonomous agents. They became their own boss.

FLERE HISTORIER FRA Outlook Money

Outlook Money

Outlook Money

Gold vs Real Estate: What You Should Know

Both gold and real estate have long been preferred investment choices for Indians. They hold sentimental value, too. We compare the two and assess if one or both assets can complete your portfolio

time to read

7 mins

October 2025

Outlook Money

Outlook Money

Strategic Vs Tactical Allocation

Fixed-income investments can be bucketed based on your time horizon. However, you can also tweak the allocation, tactically, in accordance with the market conditions

time to read

4 mins

October 2025

Outlook Money

Outlook Money

Discipline Is Key, Shows This Retiree's Life

Pramod Agrawal, 64, a former banker, is an inspiration for active retirees who do not know what to do with their idle time post retirement. Pramod, who lives with his spouse in Ghaziabad, had the option of staying at home, like most retirees, but chose to use his expertise in new ways. Now, he is a visiting faculty at several institutes.

time to read

4 mins

October 2025

Outlook Money

Outlook Money

Will The E20 Fuel Rollout Make The GST Benefit Ride Bumpy?

The GST rate cut will benefit most car and two-wheeler buyers, but the E20 fuel rule may upset your budget. Calculate well and plan ahead for a smooth ride

time to read

6 mins

October 2025

Outlook Money

Outlook Money

Input Tax Credit In Insurance

Health insurance premiums in India have become more affordable after the government removed the 18 per cent goods and services tax (GST) on them.

time to read

2 mins

October 2025

Outlook Money

Regulatory Roundup

A few regulatory changes in September 2025, and how they will impact you

time to read

4 mins

October 2025

Outlook Money

Frugality: A Smart Money Move

We often equate frugality with penny-pinching behaviour. But it isn't. It is about being smart with money, and spending it on things that give value and satisfaction

time to read

5 mins

October 2025

Outlook Money

Here's How To Make Health Insurance Claims

For many people, health insurance is the safety net that prevents a medical emergency from turning into a financial burden. Yet, policyholders often find themselves confused while filing claims.

time to read

1 mins

October 2025

Outlook Money

Outlook Money

Why Seniors Need To Know Their Legal Rights

Many senior citizens often end up in destitution after being abandoned by their kith and kin, typically after transferring their property. Can taking recourse to laws meant for seniors lend a helping hand?

time to read

5 mins

October 2025

Outlook Money

Advantage Of Low Cost, High Returns

If you want to stay away from the constant game of chasing outperformance or worrying about underperformance, exchange-traded funds (ETFs) can be a smart option. They provide broad market exposure, are cost-efficient, and eliminate the need to time the market. An index ETF allows you to invest in sectors and stocks of the underlying benchmark in the same proportion as the benchmark. If you want to invest in Nifty 50 companies, Nippon India Nifty 50 BeES could be a decent choice.

time to read

1 mins

October 2025

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