Thread by @elearnmarkets

Educational thread: 6 Bad Financial Habits you should Avoid at all costs! Read and share:

1. Biting off more than you chew: While loans, credit cards ease your financial burden at the moment, piling them up is never a great idea. If this is your case, investing will be a distant dream.

2. Bad credit score: Most Indians are unaware of how credit scores are calculated. Even simple things like not paying bills, late payments can reflect adversely on your credit score. This can backfire in your future, if you apply for loans.

3. Treating credit cards like free money: A huge bank overdraft is never a pleasing sight. If this is the case, you will end up with zero savings from your salary. You will have a tough time paying debts and regular expenses. Avoid at all costs.

4. Not investing: Idle money is never a good idea. The problem with Indians is most of us never see it as an opportunity to invest. India has a large number of investment options for all types of investments: Low risk and High risk.

5. Not disciplined enough: Financial Habits are like a marathon. If you are not consistent, you cannot win. Invest regularly, keep track of your investments, find out more about the changing Financial landscape on a regular basis.

6. Not increasing your wealth potential: If your primary income isn't that satisfactory, find out secondary income options. It may be freelancing, renting, learning new skills for part-time jobs too!

7. Read more: Go through the Elearnmarkets Blog,and pave your way to Financial Literacy! bit.ly/3E7PEq1

@vineetpatawari @vinaypagaria @vivbajaj

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