While 6 month of emergency fund should be the short term goal. By 40 we should go for 3 years of emergency fund. This is would be real financial freedom. Considering how job market is changing every 2 years because of macro economics of the world .
It is far easier to develop a new skill /side business than will keep the cash flow alive.
Emergency fund night cover the expenses, but the mental stress of everyday without a job will drive you crazy. How do I know this?. I have experienced it.
Where do you guys suggest keeping the emergency fund? FD or some liquid MFs?
So, I have a good stable income now. But life's getting serious by the day as I grow older by the day. Need to start taking more financial responsibilities overtime when parents take their retirements in a year or two. So, thinking for s...
I have 20+ lakhs in bank account. My bank contact agent is telling me to invest these in a less risk mutual fund rather than in fds . What are your views on it? Is it the right path to go as that would help me save tax.
i have around 80k in savings rn, how much of that should i keep liquid and how much should i invest, also where to invest?
my current salary is around 80k as well
