Wednesday, April 17, 2013

Financial Plan

Simple Financial Plan


1. Keep 12 months expenses as emergency fund

2. Purchase Adequate Term cover

3. Purchase adequate health cover

4. Start investing from the first salary of your life

5. Start small & do not wait for big money

6. Invest in a basket of investment vehicles – PF, PPF, FDs, MFs, Gold

7. Invest in yourself – for your career growth as well as for your health & family life

8. Do not opt debt for consumption, opt it only for asset creation. it start with Education loan & ends with your home loan (for self occupied house). any other loan is strictly no-no

- Ashal Jauhari.