please have a look on below mentioned financial tips which can change your financial managment
1. Buying apartment by taking home loan is like dead investment.Calculate In rented house, what rent you pay & In apartment, you pay double / triple the amount of rent to Bank in the form of EMI..
2. Invest in stock market after understanding the fundamentals with patience.Taking no risk is always risk. You should put atleast 10% corpus for *higher risk higher return*
3. Keeping money in bank as FD is just like burning your hard earned money . In FD rather appreciation of money inflation deppriciate your money in other words nflation eats your interests,.its better to park money in overnight liquid and low duration funds..
4. Start early investment for example *if you have invested rs. 1 lac* in one of the top franklin fund *prior 25 year,than today its value will 101 Lacs*
5. Try to avoide credit cards
6. Explore alternate ways to earn additional with continuous reading
7. Teach your family ,kids about money management.India is at worse in term of financial litracy
Enjoy money and enjoy life every moment , we earn money to enjoy the life…