attitude towards personal finance

3 Common Cases of Wrong Attitude

Attitude towards Personal Finance

3 Common Cases of Wrong Attitude

Total Focus on More & More

Income

Investing Without Properly

Understanding the Investments

Primary Focus on Investment Products

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1) Many people are seen to have their total

focus on more & more income.

Benefits of Planning Investments

With planned investment, you create passive income along with active income in few years.

You stop running after money and start living life king-size.




Right Course

a) Begin writing down your expenses,

b) Track these on continuous basis, and check the cash

flows,

c) Then go ahead planning investments properly.



2) Many people invest without properly

understanding the investments. They have

a fascination for specific asset classes.

Wrong Products Purchased Hit Hard

Life needs & goals

Wrong financial products




Right Course

a) Understand the basic features of investment products,

b) Select the ones suitable for meeting your requirements.

c) The investments should be diversified.



3) Many people primarily focus on investment

products.



Right Course

Primary focus should be on – fulfilling your financial goals.

Some Basics That You Take Care of, When You Focus on Achieving Your Financial Goals

Adequate insurance covers

Effect of inflation on expenses

Risk profiling

Asset allocation Risk diversification

in investments

Investments as per time-horizons of

goals



The Right Courses

Begin writing down your expenses, track these continuously, and check the cash flows. Then go ahead planning

investments properly.

Understand the basic features of investment products, and select the ones suitable for meeting your requirements. The

investments should be diversified.

Primary focus should be on – fulfilling your financial goals.


attitude towards personal finance

Services

right courseprimary

investmentsprimary focus

wrong products

planned investment

right coursea

passive income

active income

b track