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