In India, starting your investment journey at 20 instead of 30 can double your wealth due to the power of compounding. Don't wait for your first "big" salary to begin.
Allocate 50% to needs, 30% to wants, and 20% to savings. Use UPI tracking apps to see where those small "Chai and Samosa" spends are draining your wallet.
Before investing, save 3-6 months of your expenses in a high-interest savings account. This protects you from unexpected repairs or medical bills without touching your investments.
You don't need thousands. Systematic Investment Plans (SIPs) in Index Funds allow you to participate in India's growth story with the cost of a movie ticket.
Avoid high-interest personal loans or credit card debt for lifestyle spends. If you can’t buy it twice in cash, you can’t afford it yet.
The best ROI comes from upskilling. Spend on certifications, books, or workshops that increase your earning potential in the Indian job market.
Text: Understand the difference between Old and New tax regimes. Knowing about 80C or ELSS (Tax Saving Mutual Funds) early can save you lakhs in the long run.
Don't mix insurance with investment (like LIC policies). Buy a pure Term Plan and Health Insurance early to lock in low premiums for life.
The market will go up and down. The winners are those who stay invested during the dips. Discipline in your 20s creates freedom in your 40s.
Start your first SIP this month! Share this story with a friend who needs a financial wake-up call.