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A major financial concern has been settled, Thank God!

Posted By fathersez On March 17, 2008 @ 12:32 pm In Family

I was born in India. My father brought me over to Malaysia when I was three. (Malaysia was seen as the land of milk and honey, and my father thought that I would be able to make a better life for myself here.) 

My eldest brother and I were with my father, whilst my younger sister, 2 younger brothers and an elder brother stayed back in India. As life progressed, and my financial fortunes improved, it was my duty to do what I could to support the branch of the family in India. We managed to do what we could and my sister’s two children have made it to University and are now doing their part to support their parents. 

I have often thought about and wanted to set up a business or something in India so that my brothers could run it and hence become self supporting. Various options were tried but nothing succeeded. 

My concern was that it was unlikely that neither my eldest brother’s children nor my children would have the same sense of duty to help support the Indian branch of the family.  

In 2005 when I was working in India, we bought three pieces of land. The lands were registered in the names of my brothers and the understanding was that they would work the land and make a living out of it. Since then various improvements have been added on to the land, such as a well, electricity connections for the water pump, crops grown etc. 

India has been experiencing a tremendous rate of growth. The Government has invested lots of money in improving infrastructure and power, water and transportation systems have been vastly improved. There has also been a growth in the middle class, creating demand and generally improving the business environment. 

Now one of the smallest pieces of land have been sold for a price about 10 times, what we paid for it in 2005! This has resulted in a windfall gain for my brothers of an amount that would be akin to ten years’ of a graduate’s salary. 

I have earlier indicated that windfalls may not change people’s lives. However in this case, I believe that, after so many years of a financial struggle, my brothers will use this windfall gainfully.  

I am so happy for my brothers. Whilst I have not really neglected the building up of my own retirement funds, the thought that I should also have something for my brothers have always been at the back of my mind. 

Now, by sheer luck, and God’s Will, this nagging concern has been removed. Now my brothers are comfortably off and I can safely say that they are now on their own financially. 

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