For a young earner, these 10 healthy financial resolutions would go a long way:-
1. I will pay ALL my dues on time, preferably through auto-pay instructions.
2. I will not waste ANY money on upgrading to new gizmos unnecessarily.
3. I will limit ALL my debt to 45% of my income, including mortgaged loans.
4. I will NOT stagnate in a bad job and upgrade my skills to move ahead.
5. I will buy an ONLINE term plan for at least 6-7 times of annual income.
6. I will not invest in ANY financial product that I don’t understand.
7. I will not be lured by ANY high return schemes to make money.
8. I will SIGN up with a portfolio tracker for aggregating my investments.
9. I will review AND rebalance my investment portfolio annually.
10. I WILL READ AND STICK TO THESE RESOLUTIONS EVERY MONTH.
1. I will pay ALL my dues on time, preferably through auto-pay instructions.
2. I will not waste ANY money on upgrading to new gizmos unnecessarily.
3. I will limit ALL my debt to 45% of my income, including mortgaged loans.
4. I will NOT stagnate in a bad job and upgrade my skills to move ahead.
5. I will buy an ONLINE term plan for at least 6-7 times of annual income.
6. I will not invest in ANY financial product that I don’t understand.
7. I will not be lured by ANY high return schemes to make money.
8. I will SIGN up with a portfolio tracker for aggregating my investments.
9. I will review AND rebalance my investment portfolio annually.
10. I WILL READ AND STICK TO THESE RESOLUTIONS EVERY MONTH.