by Lxmecommunity on Oct 21, 2022
372 members
631 posts
A community of women that help you 1. Learn the basics about investing2. Earn money from home3. Invest in the right tools4. Borrow from the right sources 5. Spend wisely - using golden budgeting tips
I want to start investing this year inorder to become fully independent within one to two years. Be it in stock market, share market or any other source, a kickstart to making investments is my goal. But I have no clue where to start from. Could you suggest some ways and what should I look out for while doing so? When should women start investing and how is it beneficial for us??
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M
450d
・answered 450 days ago
Hey! To start investing, here's what you can do: > Firstly, make a budget for yourself. You can follow the 50:30:20 rule of Budgeting that can help you to manage your income and in turn, help you save money. Here, 50% of your income goes towards utilities, 30% towards luxuries, 20% towards savings and investing. > You can always customise the %ages as per your needs. 2. Set Financial Goals: Chart out your goals in terms of ultra short term goals(less than 1 year), short term goals(1-3 years) and long term goals(more than 3 years). > Based on your goals, you can start investing! Check out the Goal Calculator on the app to help you plan for your finances. > Mutual Funds are a great way to start investing for your goals as a women. The earlier you start, the better it is. > Explore LXME portfolios, they are well-researched, expert-curated portfolios, goal based starting from just Rs.100/- https://lxme.onelink.me/95JV/LXMExCoto Hope this helps! :)
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