Will You Grow Old Before You Grow Rich ?

Do You Know, What You Should Know, But Probably Don't Know, About Managing & Growing Your Money.

Scroll Down To Find Out

1.) Saving Vs Investing

-- The First step is to Save Money.

-- If you don't save, you won't have anything to Invest.

-- Inflation can destroy value of your savings over time.

-- Investing grows your savings and multiplies via the power of compouding over time.

-- You should first save a part of your income, and then spend whatever is left.

-- Instead of spending first, and then saving whatever is left, Save First.

2.) Create An Emergency Fund

-- Size of your emergency fund should be 3 to 6 times your monthly expenses.

-- It should be held in Fixed Deposits / Liquid Mutual Funds

-- To be used for unexpected expenses so that your planned expenses / investments don't go haywire.

-- If you don't have a liquid emergency fund, this is the first thing you should create.

3.) Protect Your Family

-- Are you the primary income earner in your family ?

-- How much money will your family get if you suddenly die ?

-- You should have a pure 'Term' Life Insurance

-- The cover amount should be between 10 to 20 times your annual income.

-- E.g. If you earn Rs 10 lakhs, then you should have a policy of atleast 1 to 2 crores cover.

-- Don't buy ANY other insurance products for investment.

4.) Learn About Money

-- How inflation destroys your wealth over time

-- The power of compounding to grow wealth

-- The difference between saving and investing

-- The risks involved in investing money.

-- How diversification and asset allocation grows your money safely

-- Planning to save taxes.

5.) Plan Before Investing

-- Identify and set financial goals. E.g How much will you need for your retirement fund ? Or for your child's education / future needs.

-- Determine how much you need to save & invest to meet those goals.

-- Invest in the right asset classes (Equity / Debt / Real Estate / Gold etc) accordingly to meet your short and long term goals

-- Monitor your portfolio annually to check your progress.

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1.) Learn all about Money and Investing ( Stuff that you should know about )

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3.) Free Online Investment account, get KYC and ECS Mandates done, so that you can start investing online.

You also get ongoing advisory support all year round via Phone, Email and Whatsapp.