JazzyBanana
JazzyBanana

Boring - Personal finance Gyaan

Just some personal finance gyaan, I follow these regularly

  1. Have 3-6 months of cautionary savings
  2. Have up to 2x your monthly account in your bank
  3. Have 3 accounts (Salary, Investment & Spend)
  4. Have a Bifurcation of Equity, Debt , Real-estate & Gold by age and follow that
  5. Have 2-3 credit cards (Set Breach limits)
  6. Think long term
  7. Reduce costs on all fronts - Saving account, demat, mutual funds , tax etc
  8. Medical & Life insurance is a must
  9. Don't inflate your lifestyle after you income gets upgraded .Wait observe and decide if it's worth it
  10. Always invest in things that would give you less headache

Have added my investment bifurcation in comments

19mo ago
Find out if you are being paid fairly.Download Grapevine

What is stealth? Do they give remote?

JazzyBanana
JazzyBanana

Haha 😂

SillyKoala
SillyKoala

Yes

JazzyBanana
JazzyBanana

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
SparklyMuffin
Student19mo

Did you pick small cap stocks or just invested in the index ?

DizzyLlama
DizzyLlama

@SMACKass , how are you investing on real estate. Curious to know!

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