by nita on Oct 14, 2022
489 members
502 posts
Being Financially Smart is about being aware,alert and applying the knowledge acquired to make smart choices and informed life decisions to lead a healthy ,wealthy and stress-free lifestyle.
I got my first job and want to start investing.How do I go about the same ? @Financially Smart can you guide me ? #SmartInvesting #investment #saving
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318d
・answered 318 days ago
Glad to know that you are planning your investment journey. Here's a structured approach to starting your investment journey: Track your cashflows: Monitor your income and expenses for a month to understand your spending habits. Create a budget: Based on your tracked expenses, establish a budget to allocate your income efficiently. Build an emergency fund: Set aside funds to cover at least 3-6 months of living expenses in case of unexpected financial challenges. Secure health insurance: Purchase health insurance to safeguard yourself and your dependents from medical expenses. Consider both group and individual policies. Start investing: Begin with mutual funds through SIP (Systematic Investment Plan) for consistent wealth building. Start small and gradually increase your investment over time. Transitioning from learning to earning years is crucial, and joining my community @Financially Smart can provide valuable insights and support throughout your financial journey.
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309d
・answered 309 days ago
Join my team now New opportunity More scope *No repurchase system *No selling *No levels no target 7067227611 WhatsApp me
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