GREAT MONEY HABITS

on
Great Money Habits that needs to be
 developed from 20's onwards - 

1. Practice and focus on Learning and
     wealth creation.
2. Invest in TERM INSURANCE and Not
    Insurance endowment plans..
3. Invest in HEALTH INSURANCE...
4. Create a contingency Emergency plan to
     take care of your min 6 months
     expenses.
5. Learn to Distiguish between you WANTS
    and NEEDS.
5. Limit your Credit card or EMI expenses.
6. Invest in SIP and Mutual Fund and enjoy
    the power of Compunding...
7. For risk averse individuals Post Office
    Recurring deposit can be helpful but it
    cannot create long term wealth for you
    as the returns cannot beat inflation.
8. SIP has the ability to  develop
     DISCIPLINE in an individual...

This post is basically aimed at YOUNG EARNERS. Request 

you🙏 to share these data points with your near and dear and with those whom you want to be financially abundant.

Take care...
Happy Investing 😊
Biswajit Roy
Your Wealth Coach & Mentor


Comments

Post a Comment