10 Useful Financial Tips..!
1. 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.
2. Start a SIP at a very young age. Try to save
atleast 15% to 25% of your earnings.
3. Avoid buying a car unless you use it everyday.
4. Do not let this sentence scare you “Mutual fund
investment are subject to market risk. Please read the offer documents
carefully before investing”.
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.
5. Try having a simple wedding.
6. Atleast 3 Month Household Expense of yours should be in liquid Funds from your wealth.
So you can utilize it when necessary.
7. Considering inflation, you are actually losing
money if it is in savings bank account.
Understand the difference between saving &
Investments. Do not keep huge money in savings bank account.
8. Do not have a belief that property and car make you
rich. Its what you save and invest, that is important.
9. Never invest in Insurance for returns. Insurance is
not an investment option. It is a risk management tool.
10. Your personal life and health are the most
important investment. Stay healthy and live happily.
FOR SALE - MAIN ROAD PROPERTY - IN GST Road - ENTRY FROM NH-45.
ReplyDeletePrime Vacant Patta Land 5.8 Grounds (13940 sq.ft.) in Singaperumal Koil, Chennai, India on Main GST Road with direct entry from GST Road. The Site is in between Ford Motor Company and Mahindra World City. Front Width : 46 ft., Rear Width : 56 ft., Length : 285 ft.- both left & right. West Facing Plot with Security Room and 3-phase connection.
In case of interest, please contact:- Mr. K.Aravamudan, Mob:- 9080858718 / 94440 12056.
Rate and other Commercial Terms will be shared upon request.