ALWAYS INVEST WITH CERTAIN BASIC GUIDELINES


  • Decide your lifestyle's level of wealth required for financial freedom
  • Enlist your starting list of assets, liabilities, incomes and expenses
  • Insure yourself, your assets and loans against unforeseen circumstances
  • Ascertain your risk profile as per age, commitments and current income
  • Set realistic goals for the short-term, medium-term and long-term
  • Choose simple investment products (not savings) for achieving goals
  • Remain alert towards spending, taxation, interest, inflation and investment
  • Differentiate between good and bad debts and pay off bad ones on priority
  • Understand and implement the power of compounding
  • Believe that wealth creation is a slow and steady process