Personal finance basics by Jagoinvestor.com

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Personal finance basics by Jagoinvestor.com

  1. 1. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  2. 2. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  3. 3.  Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  4. 4. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  5. 5. After completing my study in 2004, I started my career in IT industry. Three thing was clearly injectedin my mind by my father :-1) Always maintain the cash for emergency. As in emergency cash is primary and relation is secondary.2) Never go for loan. If you need money, first check with your relative and don’t mind paying intereston the money you owe from them. It will always be cheaper then bank. If no help available, considerthe thing is not worth to invest.3) Respect your money. Though I am not obedient son of my father but “Money matters”. So I startedmaintaining one excel sheet about my expanse. I must say with my experience that daily expanse is notcost you more if you spend smartly. So at the start of my career, I compromised on my comfort level.Instead of staying in separate house, I searched for shared accommodation or PG which really helpedin saving a lot. Instead of buying bike, I calculated my per-day travel expanse and tried my best tominimize it by sometime taking lift with office colleagueTravel and Stay is the biggest expanse as per my experience and this clicked me an idea of buying ahouse. I was not capable enough to buy the house, so instead of taking loan from bank I knocked myfather’s door and able to convince him on 4% interest rate(following papa’s advice). No need to saythat I paid 4% or not, but he is happy to see the value of that flat on today’s rate. But I was not able tostay in that house for more than a year as I changed my job very frequently(at least once or twice in ayear) and happily rented so far.I travelled from Gurgaon–hydbd–Noida–Pune–Mumbai and then finally got chance for onsite UK in2008. I applied the same logic and maintained at least 1 lac saving per month. And the story continuedsince then on saving more and spending less. With this, I am able to manage to renovate my ownhouse for my parents (which they call now as my house officially ) Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  6. 6. Then I married in 2009 on my own expanse and came back to India last year when we both thoughtthat there is no place better than India on this earth. And it get proved as well, when my wife also gotthe job in same company and same building . Before coming to india, I showed no interest in paperform investment except ppf and property investment. But after becoming the member of JagoInvestorand reading some well written and advices article, I did another smart investment. 60 + 40 lac terminsurance for me an my wife from two different company. One personal accident insurance of 40 lacfrom LnT for myself.SIP of 8k per month in different MFs , which I considered after reading one of the article onjagoinvestor where the comparison was made with child plan and other investments and purchasedone villa plot in Bangalore. So far no Loan . So far the story is this but adding new pageseveryday… I know there are more happy family out there but just want to say that “Saving does helpnot hurt”. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  7. 7. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  8. 8. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  9. 9. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  10. 10. 1. Chasing a big score is easy, if you have a good start! Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  11. 11. 2. Each team member has his place in the team Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  12. 12. 3. You can’t hit sixes & boundaries every time. Just make sure yourrun rate is awesome!4. Things can go wrong! You need to be nimble & re-evaluate yourstrategy Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  13. 13. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  14. 14. Is Installment system of payment bad ? Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  15. 15. Affordability of EMI vs affordability of Loan Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  16. 16. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  17. 17. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  18. 18. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  19. 19. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  20. 20. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  21. 21. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  22. 22.  Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  23. 23. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  24. 24. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  25. 25. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  26. 26. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  27. 27. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  28. 28. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  29. 29. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  30. 30. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  31. 31. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  32. 32. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  33. 33. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  34. 34. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  35. 35. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  36. 36. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  37. 37. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
  38. 38. Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com

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