https://www.desidime.com/comments/permalink/10125837
bhai copy pasta kar deya tunye 😂😂😂😂😂😂
Best financial planning | Tips here!!
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- Avoid buying property on loans as it eats most of your earnings unless you have a clear plan for its repayment. It's important to monitor cash flow. Though, the house will be your asset, your liability will be much more.
- Start a SIP at a very young age. Try to save atleast 15–25 % of your earnings.
- Avoid buying a car unless you use it everyday.
- Do not let this sentence scare you. “Mutual fund investments are subject to market risks. Please read all schemes related documents carefully”. Most people avoid investing in mutual funds just because of this one warning. Yes, there is a market risk, but look at the history and growth of mutual funds.
- Try having a simple wedding.
- Atleast 20% of your wealth should be liquid so you can utilize it when necessary.
- Considering inflation, you are actually losing money if it is in savings bank account. Do not keep huge money in savings bank account.
- If you invest in stocks, pay due attention on the brokerage part.
- If you invest in stocks have a separate account for delivery investment and Intraday investment. It is easy to monitor this way and also makes tax calculation easy
- Do not sustain a belief that property and car make you rich. It's what you save and invest, that is significant.
- Never invest in insurance for returns. Insurance is not an investment option. It is a risk management tool.
- Your personal life and health is the most important investment. Remain healthy and live happily.
source - quora
Are you following any above of them ?
Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
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https://www.desidime.com/comments/permalink/10125854
5 one is pure money 🗑 if one doesn't follow...
https://www.desidime.com/comments/permalink/10126125
Adding my bit,
1. Use Credit cards wisely. Don't fall for debt traps.
2. Do your own research before investing. Do not fall for frivolous tips / advises on Telegram / other sources.
3. Avoid trading especially in Futures and Options unless you are able to devote sufficient time.
https://www.desidime.com/comments/permalink/10133093
Better is just cnc trading, have patience or research and invest in MF...
https://www.desidime.com/comments/permalink/10126212
Invest in yourself:) is the only asset that can't be beaten by any market or anyone xD
https://www.desidime.com/comments/permalink/10133087
Then sell to a female trying to get comfort and all hell gets loose, right? There's no capital gain unless one sells, so those who don't commit to females they sell to the world at some time right?
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https://www.desidime.com/comments/permalink/10126546
keep an emergency fund of 6 months expense in liquid form i.e. savings, fd etc.
Do not take personal/consumer loan(expensive phone, laptop, ac /expensive tours etc) even with so called 0% EMI except for life threatening scenario.
Financial discipline is an important thing even I sometimes buy expensive stuff thou I never use emi
https://www.desidime.com/comments/permalink/10133089
Yes I have never availed loan or EMI, CC is a different thing, you can avoid interest wisely...
https://www.desidime.com/comments/permalink/10126549
Forget all the points , live happily ... do what your heart wishes without hurting others .
https://www.desidime.com/comments/permalink/10133088
Too much ignorance and out of routine and ideals makes one lick dirt sometime in their life...
https://www.desidime.com/comments/permalink/10127425
all above points i have observed/experienced in my life n m following them since 2020 after covid
https://www.desidime.com/comments/permalink/10133095
And how are you now? Feel the lack of everything or something?
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Invest in yourself:) is the only asset that can't be beaten by any market or anyone xD