We can avoid most self-inflicted financial disasters by improving our investing personality through simple habits:-
1. Compulsorily remove a certain sum for saving at beginning of each month.
2. Make a list of financial goals and money that will be needed to fulfill them.
3. Buy an adequate online term plan and a health plan at the earliest.
4. Keep 6 months’ expenses for emergencies and invest the remaining amount.
5. Start investing systematically with balanced funds, as they hedge risk but let money grow.
6. Link payments of loans and insurance premiums for automatic deductions.
7. Pay regular bills, etc. through net banking - automated or manually.
8. Limit your credit cards to just one.
9. Shop with a list and stick to it, with specific need for each item in mind.
10. Spare one day in a month to update wealth and insurance portfolios, and review them annually.
1. Compulsorily remove a certain sum for saving at beginning of each month.
2. Make a list of financial goals and money that will be needed to fulfill them.
3. Buy an adequate online term plan and a health plan at the earliest.
4. Keep 6 months’ expenses for emergencies and invest the remaining amount.
5. Start investing systematically with balanced funds, as they hedge risk but let money grow.
6. Link payments of loans and insurance premiums for automatic deductions.
7. Pay regular bills, etc. through net banking - automated or manually.
8. Limit your credit cards to just one.
9. Shop with a list and stick to it, with specific need for each item in mind.
10. Spare one day in a month to update wealth and insurance portfolios, and review them annually.