*Very very useful financial tips*
1. *Avoid buying property on loans unless you have a clear plan for its repayment. Monitor cash flow*
2. *Start a SIP at a very young age*
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”. Look at the history and growth of Mutal Funds*
5. *Try having a simple wedding*
6. *Atleast 20% of your wealth should be liquid so you can utilize it when necessary*
7. *Considering inflation, do not keep huge money in savings bank account*
8. *If you invest in stocks, pay due attention*
9. *Do not have a belief that property & car make you rich*
10. *Never invest in insurance for returns*
11. *Use credit card for needs not for wants*
12. *Cancel all credit cards before you die, or inform family. Even a small residue will cost your family much*
13. *Invest on yourself & then on other investments*
14. *Balance your earnings with your savings first, then on spending and loans. Never take unnecessary loans*
15. *Always have a plan for future events on your career, life, spending and finance*
16. *Always have a reserve on your savings for contingency and urgent situations*
17. *Investment like, have a regular health check & do healthy workout every day*
18. *Do buy adequate term Insurance if you have dependents*
19. *Prepare a Will*
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