:) 10 Important Personal Finance Tips :) ~~~~~~~~~~~~~~~~~~~~~~~~~ 1. Spend LESS ;) than what you Earn. :) 2. If youre facing a pile of debts, make Minimum Payments on All of the Debts BUT the ONE with the Highest Interest Rate, then make the BIGGEST Payment that you can Each Month on that high one. 3. Never expect that your future self or anyone else will bail you out of your dumb mistakes today and remember that ONLY YOU :) can make better choices for yourself. 4. The quickest way to financial recovery is to get a grip on your spending impulses. 5. Emergency Fund: Life is going to hand you emergencies, so keep at least Rs.1,00,000 or your 3 Months Income - whichever is HIGHER :like: in your Savings Bank Account for those emergencies. Use this money ONLY for emergencies ;) and NOT for any other purpose. 6. Be completely open with your spouse about every single Rupee that comes in and every single Rupee that you spend. 7. Buy items that will last for a very long time at the best possible price and youll rarely be unhappy with them. 8. When youre deciding how to invest, remember that past performance does NOT indicate future returns. 9. If you have dependents who rely on you, you ought to have Life Insurance, but IGNORE any salesperson who tries to sell you Anything OTHER THAN a Term Insurance Policy. 10. :like: :like: They say NEVER keep ALL your eggs in one basket. Similarly, to reduce the risk, ALWAYS DIVERSIFY your Investments and Savings across various Investment Avenues and Financial Institutions. :) :) Hence, ALWAYS invest your money in MORE THAN ONE Investment Avenue / Product and SAVE your money in Savings Bank Accounts with AT LEAST 2 DIFFERENT Banks. :like: :like: A final Bonus Life and Career Tip: :) Treat every single person in your life as you would like to be treated, regardless of whether youre in the workplace or in everyday life. :) :) :) If you follow all of these things, then youre going to lead a GREAT Life. :)
Posted on: Fri, 07 Mar 2014 10:21:05 +0000
Trending Topics
Recently Viewed Topics
© 2015