How should an investor start his financial life at the start of his/her career ?
When a person joins a job or start his professional career, its a special moment in his life and a very crucial point.
Taking good care at this point will be helpful for his whole life and many years worth of mistakes will not happen which happens with millions of people.
Hence below is a very crisp checklist of what a new investor can start with.
- See how much term plan you need and take it
- See that you buy a good health insurance policy
- See that you have started a recurring deposit or SIP in mutual funds for a minimum amount you are sure will not stop for next 5 yrs
- Keep 2 months worth of expenses on the side in a saving account which you generally do not touch
- Make sure you are meaningfully saving your taxes
- Hire a good Financial advisor if you feel you need handholding
Wish you best of luck for your financial life.
For more details contact on 8693800025
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