SparklyBurrito
SparklyBurrito

Financial things to plan at the start of career

Hi,

Please add financial things to know about or plan for if some one is starting a career or even their financial planning journey.

  1. Taxation
  2. Insurances(Term/Health/Vehicle etc)
  3. Govt backed investment options (EPF/NPS etc)
  4. FDs, Government Bonds
  5. Stocks, Mutual Funds, ETFs, SIPs
  6. Credit card to maintain good Credit Scores
11mo ago
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SwirlyTaco
SwirlyTaco

Don't complicate things. Keep it simple and follow the order:

  1. Risk (buy insurance)
  2. Survival (build emergency corpus)
  3. Invest (make the most of compounding)
  4. Diversify (across asset classes)
  5. Persist (through ups and downs)

Vehicles listed by you are just that. Could change depending on incentives and life stage.

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