Investment And Wealth Creation Tips for Beginners
Investment And Wealth Creation Tips for Beginners Below are my life learning - (1) Save before spending: Every time you get a paycheque you should save at least 20% of your income. And increase saving with an increase in your income. Please check out my detailed article for Best Money Saving Tips (2) Learn share Trading: You should have Demat and trading account. Share investment is a very easy way to start your second source of income. (3) List down your life's financial goals as early as possible : 1. What do you want? 2 When do you want? 3 How much money will it require? Calculate how much money you need to save per month to achieve that goal. ( Www.sipcalculator.in ) For example, I want to have 1cr RS on my retirement. So if my age is 35 then I need to save 3050rs every month considering a 15% rate of interest till the next 25 yrs. I need to start SIP if I am expecting this much return. Please check out my detailed article on ...