1/5
Some pointers on #PersonalFinance
1) Highly #subjective - depends on earnings,savings & lifestyle. Don't clone approach . Take professional help, if needed.
2)Focus primarily on #skillsets in early years.Automatically #earnings increase. Big salary ,bigger savings.
Some pointers on #PersonalFinance
1) Highly #subjective - depends on earnings,savings & lifestyle. Don't clone approach . Take professional help, if needed.
2)Focus primarily on #skillsets in early years.Automatically #earnings increase. Big salary ,bigger savings.
2/5
3) Start #saving early on .
4) Incremental savings must be more than Incremental earnings.
5) Avoid #debt . But if necessary plan well & repay it early on . Beware of snowball effect.
6) Avoid instant #gratification. A lil' self restraint goes a long way in saving up .
+
3) Start #saving early on .
4) Incremental savings must be more than Incremental earnings.
5) Avoid #debt . But if necessary plan well & repay it early on . Beware of snowball effect.
6) Avoid instant #gratification. A lil' self restraint goes a long way in saving up .
+
3/5
7) #Leveraging is disastrous . Not advisable .
8) #ConcentratedPortfolio can backfire big time . Makes sense to go in for a diversified one.
9) #AssetAllocation is equally important .
10) #CreditCards if used sensibly are good ,else disastrous. Educate yourself.
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7) #Leveraging is disastrous . Not advisable .
8) #ConcentratedPortfolio can backfire big time . Makes sense to go in for a diversified one.
9) #AssetAllocation is equally important .
10) #CreditCards if used sensibly are good ,else disastrous. Educate yourself.
+
4/5
11) Buying cash back policies only helps the insurer.
12) Compulsorily keep #EmergencyFund of a year's expenses in F.D .
13) Transfer part of salary the day it is credited to emergency funds & investment . Manage with rest.
Save first, spend balance.
+
11) Buying cash back policies only helps the insurer.
12) Compulsorily keep #EmergencyFund of a year's expenses in F.D .
13) Transfer part of salary the day it is credited to emergency funds & investment . Manage with rest.
Save first, spend balance.
+
5/5
14)Keep #app to track expenses
15)#Study basics of finance. If you don't take interest, NO ONE can help you.
16)Keep #topping up Emergency fund each yr with increase in expenses.
17) LIVE life as well. Don't get caught up in ONLY saving money 😇
#InvestmentPointers
END
14)Keep #app to track expenses
15)#Study basics of finance. If you don't take interest, NO ONE can help you.
16)Keep #topping up Emergency fund each yr with increase in expenses.
17) LIVE life as well. Don't get caught up in ONLY saving money 😇
#InvestmentPointers
END
bit.ly/3eQJQoj
The link to the blog on - 4 hygiene factors to be in place prior to entering markets ideally .
#personalfinance
#InvestmentPointers
#investors
The link to the blog on - 4 hygiene factors to be in place prior to entering markets ideally .
#personalfinance
#InvestmentPointers
#investors
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