How To Start Investing From Your First Salary?
1 Set Your Financial Goals
- Getting Out of Debt
- Tax-Saving
- Creating a 6-Month Reserve
- Saving for a Purpose
- Creating Wealth
- Getting Health Insurance
2 Prioritize Your Financial Goals
- Clear Past Debts
- Pay Your EMIs
- Create a 6-Month Emergency Fund
- Spend What is Left
3 Evaluate Your Risk Appetite
- Understand Your Risk Appetite (Both Financial & Emotional)
- Decide Percent of Investment (Equity & Debt)
- Risk Depends on Your Circumstances (Not Your Age)
4 Selecting the Right Investment Products
- Fixed Deposits
- National Savings Certificate
- Tax-Saving Mutual Funds (ELSS)
- Set-up Mutual Funds SIP
5 Popular Investment Options in India
Equity Investments
- Fixed Deposits
- Index Funds
- Direct Equity
Debt Investment & Guaranteed Return Products
- Liquid/Debt Mutual Funds
- Money-Back Plans
Other Assets
- Gold
- Real Estate
6 Review Your Financial Goals & Performance Portfolio
- Review Your Goals Once a Year
- Keep Track of Progress
- Keep Track of Inflation
- Review Your Goals Once a Year
- Keep Track of Progress
- Keep Track of Inflation
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