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I realised very early on the quintessential Indian middle class value of “saving” money will NEVER help money grow. That FDs are a scam.
Diversify your portfolio. Money is bank in one place doesn’t grow.
Diversify your portfolio. Money is bank in one place doesn’t grow.
Especially to all the women out there. Financial independence has nothing to do with salaries coming in. We have got to build our finances in a way where money grows and looks after us eventually.
One of my biggest supports has been my father. He taught me very early on the value of investments.
I also got a trusted financial advisor who broke all my savings and diversified it across the board.
I also got a trusted financial advisor who broke all my savings and diversified it across the board.
Lic non terms policies are a scam. Period.
Breaking PF’s after you quit jobs is the worst thing you can do as you won’t let the interest accumulate. I learnt this very late in life.
Breaking PF’s after you quit jobs is the worst thing you can do as you won’t let the interest accumulate. I learnt this very late in life.
Stock market is fun. But what’s fun is also investing in good long term players. Invest and forget for 10 years. (Easy to say, hard to follow :D)
ULIPs are also not a very good idea IMHO. I have been bitten too hard by having two policies that did nothing for me.
And then I discovered systematic investments early in my 30s. If I did this in my 20s I would view money differently.
And then I discovered systematic investments early in my 30s. If I did this in my 20s I would view money differently.
Rant over. It’s never too late to get help and start diversifying. Explore low, medium and high risk opportunities basis your life goals.
The keyword being “life goals”, and work backwards. It’s really not that difficult.
The keyword being “life goals”, and work backwards. It’s really not that difficult.
