personal finance basics by jagoinvestor.com
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Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
After completing my study in 2004, I started my career in IT industry. Three thing was clearly injected
in 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 interest
on the money you owe from them. It will always be cheaper then bank. If no help available, consider
the thing is not worth to invest.
3) Respect your money. Though I am not obedient son of my father but “Money matters”. So I started
maintaining one excel sheet about my expanse. I must say with my experience that daily expanse is not
cost 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 helped
in saving a lot. Instead of buying bike, I calculated my per-day travel expanse and tried my best to
minimize it by sometime taking lift with office colleague
Travel and Stay is the biggest expanse as per my experience and this clicked me an idea of buying a
house. I was not capable enough to buy the house, so instead of taking loan from bank I knocked my
father’s door and able to convince him on 4% interest rate(following papa’s advice). No need to say
that 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 to
stay in that house for more than a year as I changed my job very frequently(at least once or twice in a
year) and happily rented so far.
I travelled from Gurgaon–hydbd–Noida–Pune–Mumbai and then finally got chance for onsite UK in
2008. I applied the same logic and maintained at least 1 lac saving per month. And the story continued
since then on saving more and spending less. With this, I am able to manage to renovate my own
house for my parents (which they call now as my house officially )
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Then I married in 2009 on my own expanse and came back to India last year when we both thought
that there is no place better than India on this earth. And it get proved as well, when my wife also got
the job in same company and same building . Before coming to india, I showed no interest in paper
form investment except ppf and property investment. But after becoming the member of JagoInvestor
and reading some well written and advices article, I did another smart investment. 60 + 40 lac term
insurance for me an my wife from two different company. One personal accident insurance of 40 lac
from LnT for myself.
SIP of 8k per month in different MFs , which I considered after reading one of the article on
jagoinvestor where the comparison was made with child plan and other investments and purchased
one villa plot in Bangalore. So far no Loan . So far the story is this but adding new pages
everyday… I know there are more happy family out there but just want to say that “Saving does help
not hurt”.
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
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
2. Each team member has his place in the team
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
3. You can’t hit sixes & boundaries every time. Just make sure your
run rate is awesome!
4. Things can go wrong! You need to be nimble & re-evaluate your
strategy
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Is Installment system of payment bad ?
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Affordability of EMI vs affordability of Loan
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com
Collection of 8 best personal finance articles for young investors | www.jagoinvestor.com