JazzyBanana
Boring - Personal finance Gyaan
Just some personal finance gyaan, I follow these regularly
- Have 3-6 months of cautionary savings
- Have up to 2x your monthly account in your bank
- Have 3 accounts (Salary, Investment & Spend)
- Have a Bifurcation of Equity, Debt , Real-estate & Gold by age and follow that
- Have 2-3 credit cards (Set Breach limits)
- Think long term
- Reduce costs on all fronts - Saving account, demat, mutual funds , tax etc
- Medical & Life insurance is a must
- Don't inflate your lifestyle after you income gets upgraded .Wait observe and decide if it's worth it
- Always invest in things that would give you less headache
Have added my investment bifurcation in comments
31mo ago
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JazzyTaco
JazzyBanana
Stealth31mo
15 % - Index , 10 % Small cap, 20 % Midcap , 10 % Flexi cap , 15 % Nifty 50 , 10 % international ,10 % Debt , 5 % each on real estate & gold
Age - 28 (Single)
SparklyMuffin
Student31mo
Did you pick small cap stocks or just invested in the index ?
DizzyLlama
Atlys31mo
@SMACKass , how are you investing on real estate. Curious to know!
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