Salma Sony, Certified Financial Plannerᶜᵐ

⚠️ 𝐌𝐅 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐦𝐮𝐬𝐭 𝐫𝐞-𝐝𝐨 𝐊𝐘𝐂 𝐨𝐫 𝐛𝐞 𝐛𝐥𝐨𝐜𝐤𝐞𝐝 𝐟𝐫𝐨𝐦 𝐚𝐥𝐥 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬.

If your KYC address proof shows as a Utility Bill or Bank statement, then you must re-do KYC.

🚨𝑯𝒆𝒓𝒆 𝒊𝒔 𝒉𝒐𝒘 𝒚𝒐𝒖 𝒄𝒂𝒏 𝒄𝒉𝒆𝒄𝒌 𝒖𝒔𝒊𝒏𝒈 𝑪𝑽𝑳𝑲𝑹𝑨 𝒍𝒊𝒏𝒌 https://www.cvlkra.com/

✅𝐇𝐨𝐰 𝐭𝐨 𝐮𝐩𝐝𝐚𝐭𝐞 𝐊𝐘𝐂?

Try doing it online by following the steps https://salma.click/update-online-kyc-for-mutual-fund

Otherwise, submit a physical KYC form and proof of valid address to MF AMC or RTA (CAMS or Karvy).

𝐇𝐨𝐦𝐞𝐛𝐮𝐲𝐢𝐧𝐠 𝐅𝐨𝐫 𝐒𝐞𝐥𝐟-𝐔𝐬𝐞 𝐎𝐫 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭? 🏡

🔎My view on expressed on Outlook Money

Before you invest in residential property in the initial stage of your , consider whether it is better to live on rent or buy a home.

https://salma.click/OM-Buy-Vs-Rent

Homebuying For Self Use Or Investment? The Rules Of The Game Are Different Most Indians buy homes not so much for investment, but rather for self-use, which incidentally should not be seen from the prism of investment. So, before you put your money in real estate, ask whether it is better to stay on rent or buy a home for yourself. And should you decide to invest in proper...

9 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬: 𝐇𝐨𝐰 𝐓𝐨 𝐂𝐥𝐨𝐬𝐞 𝐇𝐨𝐦𝐞 𝐋𝐨𝐚𝐧 𝐄𝐚𝐫𝐥𝐲 | 𝐑𝐞𝐩𝐚𝐲 𝐇𝐨𝐦𝐞 𝐋𝐨𝐚𝐧 𝐅𝐚𝐬𝐭𝐞𝐫

With the increase in interest rates, loans are becoming more expensive. Closing a home loan early can save you lakhs.

Here are 9 strategies to close loans faster:

1. 𝐓𝐫𝐚𝐧𝐬𝐟𝐞𝐫 𝐨𝐟 𝐨𝐮𝐭𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐡𝐨𝐦𝐞 𝐥𝐨𝐚𝐧- One of the most effective ways to fasten home loan closure is by transferring your outstanding home loan to another bank having lower interest rate.

2. 𝐇𝐨𝐦𝐞 𝐋𝐨𝐚𝐧 𝐎𝐩𝐭𝐢𝐨𝐧𝐬 𝐰𝐢𝐭𝐡 𝐄𝐌𝐈 𝐖𝐚𝐢𝐯𝐞𝐫- Look for a lenders provide an option of a specific number of EMIs waived off when you pay your EMIs regularly.

3. 𝐌𝐚𝐤𝐞 𝐏𝐫𝐞𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬- Making prepayments is another effective strategy to speed up home loan closure.

4. 𝐎𝐩𝐭 𝐟𝐨𝐫 𝐚 𝐇𝐢𝐠𝐡𝐞𝐫 𝐄𝐌𝐈- Another excellent option to help close your home loan is to opt for a higher EMI; this means you increase the monthly amount you pay toward your home loan. By doing this, you can reduce the overall interest cost and the loan tenure.

5. 𝐎𝐩𝐭 𝐟𝐨𝐫 𝐚 𝐒𝐡𝐨𝐫𝐭𝐞𝐫 𝐓𝐞𝐧𝐮𝐫𝐞- Opting for a shorter loan tenure is another way to speed up home loan closure. A shorter term means a higher home loan EMI, which can help you save on interest costs and close the loan faster. However, you must ensure enough surplus income to afford the higher EMI.

6. 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐘𝐨𝐮𝐫 𝐈𝐧𝐜𝐨𝐦𝐞- Increasing your income is another effective way to fasten home loan closure. You can afford to make higher EMI payments and prepayments by earning more money, reducing the loan tenure, and saving on interest costs.

7. 𝐓𝐚𝐤𝐞 𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞 𝐨𝐟 𝐓𝐚𝐱 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬- By taking advantage of tax benefits, you can save a significant amount of money on taxes and use the savings to make prepayments towards your home loan

8. 𝐔𝐬𝐞 𝐘𝐨𝐮𝐫 𝐁𝐨𝐧𝐮𝐬𝐞𝐬 𝐚𝐧𝐝 𝐓𝐚𝐱 𝐑𝐞𝐟𝐮𝐧𝐝𝐬- Whenever you receive a bonus or a tax refund, you can use it to make prepayments toward your home loan’s outstanding principal.

9. 𝐏𝐥𝐚𝐧 𝐟𝐨𝐫 𝐚 𝐇𝐢𝐠𝐡𝐞𝐫 𝐃𝐨𝐰𝐧 𝐏𝐚𝐲𝐦𝐞𝐧𝐭- If you are a young salaried professional and owning your own house is one of your crucial financial goals, it would be best to start working towards accumulating a down payment from today. The idea is to make a maximum down payment and take no or small home loans.

To read more, read the article below 📖💡
https://salma.click/9-strategies-to-close-home-loan-early

𝐇𝐚𝐩𝐩𝐲 𝐞𝐚𝐫𝐥𝐲 𝐥𝐨𝐚𝐧 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐚𝐧𝐝 𝐚𝐦𝐩𝐥𝐞 𝐬𝐚𝐯𝐢𝐧𝐠𝐬!

9 Strategies: How to Close Home Loan Early – Salma Sony Home loans are one of the most significant financial commitments that individuals make in their lives. Learn 9 strategies on how to close home loan early.

𝐍𝐏𝐒 𝐍𝐞𝐰 𝐑𝐮𝐥𝐞 𝐅𝐨𝐫 𝐏𝐚𝐫𝐭𝐢𝐚𝐥 𝐖𝐢𝐭𝐡𝐝𝐫𝐚𝐰𝐚𝐥 𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 1𝐬𝐭 𝐅𝐞𝐛𝐫𝐮𝐚𝐫𝐲 2024
Early partial withdrawal is now possible with the NPS new rule effective from 1 February 2024.

𝐖𝐡𝐨 𝐂𝐚𝐧 𝐎𝐩𝐭 𝐅𝐨𝐫 𝐏𝐚𝐫𝐭𝐢𝐚𝐥 𝐖𝐢𝐭𝐡𝐝𝐫𝐚𝐰𝐚𝐥?
- Subscriber who completed a minimum of 3 years in NPS.

𝐍𝐞𝐰 𝐍𝐏𝐒 𝐎𝐥𝐝 𝐕𝐬. 𝐍𝐏𝐒 𝐍𝐞𝐰 𝐑𝐮𝐥𝐞
1. For children’s higher education, PFRDA Clarified: including a legally adopted child
2. For children’s marriage, PFRDA Clarified: including a legally adopted child.
3. For purchase or construction of a residential house, now restricted to first house purchase only!
4. For the treatment of specified illnesses like Cancer, etc

Please read the article below for the newly introduced 3 rules and the list of specified illnesses that are covered.

https://salma.click/nps-withdrawal

NPS New Rule For Partial Withdrawal Effective 1February 2024 Learn about the new NPS new rule for partial withdrawal, how it works, its limits, and if it is wise to opt for a partial withdrawal as NPS subscriber.

Just Starting early investment will not make much difference; it's like "a drop💧 in the Ocean 🌊"

𝐒𝐭𝐚𝐫𝐭𝐢𝐧𝐠 𝐄𝐚𝐫𝐥𝐲 O̳n̳l̳y̳ with the 𝐩𝐫𝐨𝐩𝐞𝐫 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐩𝐥𝐚𝐧𝐧𝐢𝐧𝐠, the 𝐫𝐢𝐠𝐡𝐭 𝐚𝐦𝐨𝐮𝐧𝐭 and 𝐝𝐢𝐬𝐜𝐢𝐩𝐥𝐢𝐧𝐞𝐝 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 will be a 𝐆𝐚𝐦𝐞 𝐂𝐡𝐚𝐧𝐠𝐞𝐫.

𝐁𝐮𝐝𝐠𝐞𝐭 2024 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 – 𝐋𝐚𝐭𝐞𝐬𝐭 𝐈𝐧𝐜𝐨𝐦𝐞 𝐓𝐚𝐱 𝐒𝐥𝐚𝐛 𝐅𝐘 2024-25

𝐇𝐞𝐫𝐞 𝐚𝐫𝐞 𝐭𝐰𝐨 𝐛𝐚𝐬𝐢𝐜 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐢𝐦𝐩𝐚𝐜𝐭𝐢𝐧𝐠 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐟𝐢𝐧𝐚𝐧𝐜𝐞:

- There is no change in the Income tax rate for the old and new regime

- The threshold for professionals eligible for presumptive taxation was increased from Rs 50 lakh to Rs. 75 lakhs

For 𝐈𝐧𝐜𝐨𝐦𝐞 𝐓𝐚𝐱 𝐒𝐥𝐚𝐛 𝐅𝐘 2024-25, read the article below.

https://click.salmasony.com/budget-2024

🔁SHARE this post with your friends and family if you found it insightful.

Budget 2024 Highlights: Latest Income Tax Slab FY 2024-25 Let’s look at the budget 2024 highlights and the latest income tax slab for FY 2024-25.

𝐁𝐞𝐬𝐭 𝐌𝐮𝐭𝐮𝐚𝐥 𝐅𝐮𝐧𝐝 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐀𝐧𝐝 𝐒𝐞𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞 2024

Selecting a top 5 – 10 mutual fund is challenging as there are thousands of mutual funds in India.

Hence, learning the selection technique is a must.

Here are a few components that can help you pick the best-performing mutual funds:

𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐨𝐛𝐣𝐞𝐜𝐭𝐢𝐯𝐞 𝐚𝐧𝐝 𝐟𝐮𝐧𝐝 𝐜𝐚𝐭𝐞𝐠𝐨𝐫𝐲: This should always match your objective.

𝐄𝐱𝐩𝐞𝐧𝐬𝐞 𝐫𝐚𝐭𝐢𝐨: Ensure you select Direct Mutual Fund plans to ensure a lower expense ratio.

𝐅𝐮𝐧𝐝 𝐌𝐚𝐧𝐚𝐠𝐞𝐫’𝐬 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞: You must check the Fund Manager’s Performance if opting for active mutual funds.

𝐂𝐡𝐞𝐜𝐤 𝐭𝐡𝐞 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐫𝐚𝐭𝐢𝐨: Here are a few important ones

- Alpha: The higher, the better

- Beta: The lower, the better

- Sortino: The higher, the better

- Standard deviation: The lower, the better

🔗To learn more and for the best-performing mutual fund, read the article below:
https://salma.click/best-mutual-fund-performance

Best mutual fund performance and selection technique Learn about the best mutual fund performance and their selection technique.

𝐁𝐞𝐬𝐭 𝐌𝐮𝐭𝐮𝐚𝐥 𝐅𝐮𝐧𝐝 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐀𝐧𝐝 𝐒𝐞𝐥𝐞𝐜𝐭𝐢𝐨𝐧 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞 2024

Selecting a top 5 – 10 mutual fund is challenging as there are thousands of mutual funds in India.

Hence, learning the selection technique is a must.

Here are a few components that can help you pick the best-performing mutual funds:

𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐨𝐛𝐣𝐞𝐜𝐭𝐢𝐯𝐞 𝐚𝐧𝐝 𝐟𝐮𝐧𝐝 𝐜𝐚𝐭𝐞𝐠𝐨𝐫𝐲: This should always match your objective.

𝐄𝐱𝐩𝐞𝐧𝐬𝐞 𝐫𝐚𝐭𝐢𝐨: Ensure you select Direct Mutual Fund plans to ensure a lower expense ratio.

𝐅𝐮𝐧𝐝 𝐌𝐚𝐧𝐚𝐠𝐞𝐫’𝐬 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞: You must check the Fund Manager’s Performance if opting for active mutual funds.

𝐂𝐡𝐞𝐜𝐤 𝐭𝐡𝐞 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐫𝐚𝐭𝐢𝐨: Here are a few important ones

- Alpha: The higher, the better

- Beta: The lower, the better

- Sortino: The higher, the better

- Standard deviation: The lower, the better

🔗To learn more and for the best-performing mutual fund, read the article (link in the comment section)

Hit the bell 🔔 icon to follow me for personal finance content.

🔁SHARE this post with your friends and family if you found it insightful.

🔗To learn more and for the best-performing mutual fund, read the article below:
https://salma.click/best-mutual-fund-performance

Best mutual fund performance and selection technique Learn about the best mutual fund performance and their selection technique.

𝐇𝐨𝐰 𝐓𝐨 𝐏𝐥𝐚𝐧 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐁𝐞𝐭𝐭𝐞𝐫 𝐈𝐧 2024?

On the occasion of a New Year, here is the guide for you to get started 🚀

4 𝐀𝐫𝐞𝐚𝐬 𝐨𝐟 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐘𝐨𝐮 𝐌𝐮𝐬𝐭 𝐆𝐞𝐭 𝐃𝐞𝐞𝐩𝐞𝐫
✔️Income
✔️Expense
✔️Saving
✔️Investing

𝐇𝐨𝐰 𝐓𝐨 𝐏𝐥𝐚𝐧 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐁𝐞𝐭𝐭𝐞𝐫?

➡️Analyze the Past Year
➡️Define Your Values and Priorities
➡️Create Financial Plan
➡️Review and Update Financial Goals
➡️Leverage Technology for Automation
➡️Efficient Tax Planning
➡️Invest in Education for Career Uplifting

7 𝐒𝐭𝐞𝐩𝐬 𝐭𝐨 𝐂𝐫𝐞𝐚𝐭𝐞 𝐚 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐏𝐥𝐚𝐧
1. Set Financial Goals
2. Buy Adequate Insurance Cover
3. Building an Emergency Fund
4. Creating a Realistic Budget
5. Managing Debt Wisely 6. Investing for the future
7. Retirement Planning

🔗To learn more, read the article below.
https://salma.click/plan-better-2024

Financial Plan: How To Plan Personal Finance Better in 2024 A Financial Plan can help to achieve your financial goals with the right investment. Let’s learn how to plan personal finance better in 2024.

𝐓𝐨𝐩 4 𝐒𝐞𝐜𝐫𝐞𝐭 𝐌𝐨𝐧𝐞𝐲 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐓𝐢𝐩𝐬💡
In today's era, when people have multiple expenses but limited sources of income, it becomes essential to manage money efficiently.

Here are the four practical tips to get started:

[1] 𝐌𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐚 𝐁𝐮𝐝𝐠𝐞𝐭𝐢𝐧𝐠 𝐄𝐱𝐜𝐞𝐥
Maintaining a cash inflow outflow tracker/budgeting is the crux of money management.
Divide these outflows into three categories :
🔹Household expenses: Regular Fixed Expenses including Loan EMIs).
🔸Lifestyle expenses: All wants like dining out, vacation, etc
🔹Investments: Monthly investments like Mutual fund SIP, monthly RD, NPS Contributions, etc.

[2] 𝐎𝐩𝐞𝐧 𝐚 𝐒𝐞𝐩𝐚𝐫𝐚𝐭𝐞 𝐍𝐞𝐞𝐝-𝐁𝐚𝐬𝐞𝐝 𝐁𝐚𝐧𝐤 𝐀𝐜𝐜𝐨𝐮𝐧𝐭
Ensure you maintain a minimum of 2 savings bank accounts to easily separate your expense and investment amounts.

[3] 𝐒𝐭𝐚𝐫𝐭 𝐌𝐨𝐧𝐭𝐡𝐥𝐲 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐟𝐨𝐫 𝐀𝐧𝐧𝐮𝐚𝐥 𝐄𝐱𝐩𝐞𝐧𝐬𝐞𝐬
Expenses that do not occur monthly must be kept aside monthly to ensure funds are available when required. For example, payments like insurance premiums, child education fees, etc.

[4] 𝐔𝐧𝐢𝐧𝐬𝐭𝐚𝐥𝐥 𝐌𝐮𝐥𝐭𝐢𝐩𝐥𝐞 𝐒𝐡𝐨𝐩𝐩𝐢𝐧𝐠 𝐀𝐩𝐩𝐬 𝐎𝐫 𝐒𝐰𝐢𝐭𝐜𝐡 𝐨𝐟𝐟 𝐭𝐡𝐞 𝐧𝐨𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧
It helps keep you away from impulse purchasing.

𝑰𝒎𝒑𝒍𝒆𝒎𝒆𝒏𝒕 𝒕𝒉𝒆𝒔𝒆 𝒇𝒐𝒖𝒓 𝒔𝒊𝒎𝒑𝒍𝒆 𝒔𝒕𝒆𝒑𝒔 𝒊𝒏 𝒚𝒐𝒖𝒓 𝒑𝒆𝒓𝒔𝒐𝒏𝒂𝒍 𝒇𝒊𝒏𝒂𝒏𝒄𝒆 𝒕𝒐 𝒎𝒂𝒏𝒂𝒈𝒆 𝒚𝒐𝒖𝒓 𝒎𝒐𝒏𝒆𝒚 𝒘𝒆𝒍𝒍 𝒇𝒐𝒓 𝒕𝒉𝒆 𝒃𝒆𝒔𝒕 𝒆𝒙𝒑𝒆𝒓𝒊𝒆𝒏𝒄𝒆.

🔗To learn more and to 𝐝𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐭𝐡𝐞 𝐛𝐮𝐝𝐠𝐞𝐭 𝐄𝐱𝐜𝐞𝐥 𝐟𝐨𝐫 𝐪𝐮𝐢𝐜𝐤 𝐚𝐜𝐭𝐢𝐨𝐧 read the article below.
https://salma.click/budget-tips

Top 4 Secret Money Management Tips Learn the top secret money management tips to fast track your financial freedom journey by changing the way you think about money.

𝐆𝐨𝐚𝐥𝐬 𝐜𝐚𝐧 𝐦𝐚𝐤𝐞 𝐲𝐨𝐮𝐫 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐝𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐞𝐚𝐬𝐲!

Here is the simple rule to follow:

𝐒𝐡𝐨𝐫𝐭-𝐭𝐞𝐫𝐦 𝐠𝐨𝐚𝐥𝐬 (less than 5 years): Prioritize the safety of your principal.
💠Upto 3 years: 100% safe

💠3 – 5 years: You may consider 20% risk exposure based on your risk appetite.

𝐋𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐠𝐨𝐚𝐥𝐬 (goals over 5 years): Take risks based on your risk appetite.
Please make sure you maintain that equity ratio for each of your long-term goals.

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𝐈𝐧𝐝𝐞𝐱 𝐄𝐓𝐅 𝐕𝐬 𝐈𝐧𝐝𝐞𝐱 𝐅𝐮𝐧𝐝: 𝐖𝐡𝐢𝐜𝐡 𝐈𝐬 𝐁𝐞𝐭𝐭𝐞𝐫?
To understand better, we will explore the factors that impact the performance of an index fund.

(a) 𝐄𝐱𝐩𝐞𝐧𝐬𝐞 𝐑𝐚𝐭𝐢𝐨: The expense ratio expresses how much you pay a fund house as a percentage of your investment every year to manage your money. This is applicable to Index Funds.
(b) 𝐓𝐫𝐚𝐜𝐤𝐢𝐧𝐠 𝐄𝐫𝐫𝐨𝐫: Tracking error is the standard deviation of the return difference between an index mutual fund and its benchmark index. This is applicable to Index Funds and ETFs.

The choice between Index ETF vs index fund depends on individual preferences, investment strategies, and the investor’s specific goals.
Both investment vehicles have the potential to provide competitive returns, and the decision should align with the investor’s overall financial plan and risk tolerance.

🔗To learn more, read the article below.
https://salma.click/index

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Index ETF vs Index Fund: Which is better? Understand index ETF vs index fund, the difference between ETF and Index Fund, and which is better for goal-based investing.

𝐂𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐈𝐥𝐥𝐧𝐞𝐬𝐬 𝐢𝐬 𝐦𝐨𝐫𝐞 𝐔𝐧𝐜𝐨𝐦𝐦𝐨𝐧 – 𝐒𝐚𝐟𝐞𝐠𝐮𝐚𝐫𝐝 𝐲𝐨𝐮𝐫𝐬𝐞𝐥𝐟, 𝐲𝐨𝐮𝐫 𝐟𝐚𝐦𝐢𝐥𝐲 & 𝐡𝐚𝐫𝐝-𝐞𝐚𝐫𝐧𝐞𝐝 𝐦𝐨𝐧𝐞𝐲!

Buying a critical illness cover is essential to protect an individual's family from medical uncertainty.

It helps to provide financial protection in the event of a severe health condition, such as cancer, heart attack, stroke, organ transplantation, and other major illnesses.

The unique feature of Critical illness is that the payout is Lumpsum so that one can get treatment done without financial worries.

👉There are a few points on the checklist to consider before you buy CI:

✓ 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐂𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐈𝐥𝐥𝐧𝐞𝐬𝐬𝐞𝐬

Understand the list of critical illnesses covered by the policy. Ensure that the policy covers the critical illnesses that concern you or are relevant to your family's medical history.

✓ 𝐒𝐮𝐫𝐯𝐢𝐯𝐚𝐥 𝐂𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧

Critical Illness Insurance plans settle claims only if the policyholder survives a specified waiting period after diagnosing a critical illness (commonly 30 days).

✓ 𝐖𝐚𝐢𝐭𝐢𝐧𝐠 𝐏𝐞𝐫𝐢𝐨𝐝

Critical illness policies may have waiting periods before coverage becomes effective.

🔗To learn more, read the article below.
https://salma.click/ci-checklist


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Buy Critical Illness Insurance Policy for Critical Illness Critical illness insurance is an insurance policy for critical illness that helps you protect your critical illness needs and savegaurd hard-earned money.

𝐇𝐨𝐰 𝐓𝐨 𝐈𝐧𝐯𝐞𝐬𝐭 𝐖𝐡𝐞𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐀𝐥𝐥-𝐓𝐢𝐦𝐞 𝐇𝐢𝐠𝐡?

Should you stop investing as the Market is all-time high?

Or

What should be the right approach when the Market is all-time high?

Here are a few options:

𝐅𝐨𝐫 𝐆𝐨𝐚𝐥-𝐁𝐚𝐬𝐞𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬

Goal-based investors are those who make their investment decision based on their goals and risk-taking ability.



✅Review your goals and book profit for near-term goals.



✅For long-term goals - Rebalance the portfolio if needed.



✅Take this opportunity to clean up junk investments in your portfolio.





𝐅𝐨𝐫 𝐑𝐚𝐧𝐝𝐨𝐦 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬

Random investors are those who invest without any goals.



☑️Rebalance your portfolio overall.



☑️Take this opportunity to clean up junk investments in your portfolio.





🔗𝘓𝘦𝘢𝘳𝘯 𝘵𝘩𝘦 3-𝘴𝘵𝘦𝘱𝘴 𝘵𝘰 𝘳𝘦𝘣𝘢𝘭𝘢𝘯𝘤𝘦 𝘺𝘰𝘶𝘳 𝘱𝘰𝘳𝘵𝘧𝘰𝘭𝘪𝘰 𝘣𝘺 𝘳𝘦𝘢𝘥𝘪𝘯𝘨 𝘵𝘩𝘦 𝘢𝘳𝘵𝘪𝘤𝘭𝘦 𝘪𝘯 𝘵𝘩𝘦 𝘤𝘰𝘮𝘮𝘦𝘯𝘵 𝘴𝘦𝘤𝘵𝘪𝘰𝘯.


https://salma.click/how-to-invest-when-market-all-time-high


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How To Invest When Sensex and Nifty All Time High A simple guide to understand how to invest when Sensex and Nifty all time high.

𝐇𝐨𝐰 𝐓𝐨 𝐁𝐮𝐲 𝐀 𝐇𝐨𝐦𝐞 𝐖𝐢𝐭𝐡𝐨𝐮𝐭 𝐀 𝐋𝐨𝐚𝐧 🏠



Taking a home without a loan may seem impossible, but it’s not that difficult.

A mindset and proper planning with disciplined investing can make it possible.

Here is the simple strategy:

🟢𝐄𝐯𝐚𝐥𝐮𝐚𝐭𝐞 𝐘𝐨𝐮𝐫 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐒𝐢𝐭𝐮𝐚𝐭𝐢𝐨𝐧: Beware of little expenses. A small leak will sink a great ship.” – Benjamin Franklin

🟢𝐏𝐥𝐚𝐧 𝐘𝐨𝐮𝐫 𝐇𝐨𝐮𝐬𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐆𝐨𝐚𝐥: Buying a home is not limited to the purchase cost but includes Registration, Stamp Duty, and Home Interior.

So, when you're planning to buy a house, please make sure you have prepared for these expenses, too. Most couples take top-up home loans when they fail to consider these expenses.

🟢𝐒𝐞𝐭 𝐚 𝐑𝐞𝐚𝐥𝐢𝐬𝐭𝐢𝐜 𝐓𝐢𝐦𝐞𝐥𝐢𝐧𝐞: Don't hurry. If you do so, you will pay a big price for funding the same.

🟢𝐇𝐚𝐯𝐞 𝐚𝐧 𝐎𝐩𝐞𝐧 𝐌𝐢𝐧𝐝𝐬𝐞𝐭 𝐭𝐨 𝐅𝐢𝐭 𝐘𝐨𝐮𝐫 𝐁𝐮𝐝𝐠𝐞𝐭: Be open-minded while researching home purchases. Don’t be adamant about buying a home early. You can still live a comfortable life by staying on rent.

🟢𝐑𝐞𝐩𝐥𝐚𝐜𝐞 𝐄𝐌𝐈𝐬 𝐰𝐢𝐭𝐡 𝐒𝐈𝐏𝐬: Mutual fund SIPs are one of the best ways to start saving small for bigger goals. If you are comfortable with EMIs, you must make yourself comfortable with SIPs to make investing work in your favor.

🔗To learn more, read the article below
https://salma.click/home-without-loan

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How To Buy a Home Without a Loan In India Let’s explore a simple yet effective strategy on how to buy a home without a loan.

𝐃𝐨 𝐭𝐡𝐢𝐬 𝐭𝐨 𝐞𝐥𝐢𝐦𝐢𝐧𝐚𝐭𝐞 𝐥𝐢𝐯𝐢𝐧𝐠 𝐩𝐚𝐲𝐜𝐡𝐞𝐜𝐤 𝐭𝐨 𝐩𝐚𝐲𝐜𝐡𝐞𝐜𝐤

And there is no shortcut to it...

𝐒𝐭𝐞𝐩 1: 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝 𝐲𝐨𝐮𝐫 𝐛𝐮𝐝𝐠𝐞𝐭
Understand your income, expenses, and spending habits to fix any leakage.

𝐒𝐭𝐞𝐩 2: 𝐆𝐞𝐭 𝐜𝐥𝐚𝐫𝐢𝐭𝐲 𝐨𝐧 𝐲𝐨𝐮𝐫 𝐠𝐨𝐚𝐥𝐬
You must set clear and realistic goals before investing; this will help you choose an investment based on your financial goals and save time in trial and testing.

𝐒𝐭𝐞𝐩 3: 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬
You must create a system to take advantage of your investment journey. Timing the market will not take you anywhere; now is the right time to start your investment!

𝑰𝒕 𝒎𝒂𝒚 𝒕𝒂𝒌𝒆 𝒕𝒊𝒎𝒆, 𝒃𝒖𝒕 𝒊𝒕 𝒘𝒊𝒍𝒍 𝒅𝒆𝒇𝒊𝒏𝒊𝒕𝒆𝒍𝒚 𝒉𝒆𝒍𝒑 𝒚𝒐𝒖 𝒍𝒊𝒗𝒆 𝒂 𝒇𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍𝒍𝒚 𝒑𝒆𝒂𝒄𝒆𝒇𝒖𝒍 𝒍𝒊𝒇𝒆.

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📝 𝐂𝐡𝐞𝐜𝐤𝐥𝐢𝐬𝐭 𝐭𝐨 𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫 𝐟𝐨𝐫 𝐁𝐞𝐬𝐭 𝐋𝐢𝐟𝐞 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞

Just taking life cover is not sufficient.

You can follow the checklist below to buy the best insurance for yourself so your family's financial future is secured.

𝐇𝐞𝐫𝐞 𝐢𝐬 𝐭𝐡𝐞 𝐜𝐡𝐞𝐜𝐤𝐥𝐢𝐬𝐭⬇️

✔️High Amount Settlement Ratio – Say Yes

It is essential to check if the insurance company is not just settling but if it is settling on time.

✔️High Amount Settlement Ratio – Say Yes

Just checking the claim settlement ratio is not enough. Amount Settlement Ratio above 90% should be good to go.

❌Critical Illness Benefit – Say No

The only benefit of adding Critical Illness as a rider to the life insurance policy is that the premium gets fixed until the policy term. Unline standalone illness cover has limited illness coverage.

✔️Solvency Ratio – Higher is better

✔️Life Stage Benefit – Good to have

🔗To learn more, read the article below.
https://salma.click/li-checklist

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Life Insurance And Types of Life Insurance Policy in India Explore life insurance and types of life insurance policy in India and protect your family rightly.

𝐃𝐨 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚 𝐋𝐢𝐟𝐞 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞? 𝐌𝐮𝐬𝐭 𝐤𝐧𝐨𝐰 𝐒𝐞𝐜𝐭𝐢𝐨𝐧 45

According to Section 45 of the Insurance Act 1938, a life insurance company cannot reject an insurer's claim after three years from the -

(a) date of issuance of the policy

(b) date of commencement of the risk

(c) date of revival of the policy, or

(d) date of the rider to the policy, whichever of the above is later.

This means that after completing three years, your nominee is financially secured, provided you carefully did the insurance needs analysis and bought the insurance coverage accordingly.

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𝐆𝐮𝐢𝐝𝐞 𝐨𝐧 𝐖𝐫𝐢𝐭𝐢𝐧𝐠 𝐖𝐢𝐥𝐥 𝐅𝐨𝐫 𝐈𝐧𝐝𝐢𝐚𝐧𝐬



Writing a Will may look complicated, but with a simple guideline, you can write it yourself.

Writing a Will must be taken as a proactive step for the smooth transmission of assets and safeguarding your family’s financial future.

𝑯𝒆𝒓𝒆 𝒂𝒓𝒆 4 𝑺𝒕𝒆𝒑𝒔 𝒐𝒇 𝑾𝒊𝒍𝒍 𝑾𝒓𝒊𝒕𝒊𝒏𝒈👇

𝐒𝐭𝐞𝐩 1: 𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫 𝐭𝐡𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: You must be of sound mind and above 18.

𝐒𝐭𝐞𝐩 2: 𝐃𝐫𝐚𝐟𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐖𝐢𝐥𝐥: You don’t have to seek legal advice necessarily; you can write it yourself.

𝐒𝐭𝐞𝐩 3: 𝐈𝐧𝐜𝐥𝐮𝐝𝐞 𝐄𝐱𝐞𝐜𝐮𝐭𝐨𝐫 𝐚𝐧𝐝 𝐖𝐢𝐭𝐧𝐞𝐬𝐬𝐞𝐬:

(a) The executor is the person who takes the responsibility to execute the Will after the demise of the Testator (the person making the Will).

(b)You must include 2 Witnesses in your Will

𝐒𝐭𝐞𝐩 4: 𝐃𝐚𝐭𝐞 𝐚𝐧𝐝 𝐒𝐢𝐠𝐧 𝐭𝐡𝐞 𝐖𝐢𝐥𝐥: The Will should be dated and signed in front of the witnesses.

𝐒𝐭𝐞𝐩 5: 𝐑𝐞𝐯𝐢𝐬𝐞 𝐚𝐧𝐝 𝐑𝐞𝐯𝐢𝐞𝐰: Must review and update the Will as circumstances change, such as marriages, births, or acquisitions of new assets, is essential.

🔗To download the sample Will and to learn more, read the article (link in the comment section).



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How To Create Will In India - Download Sample Will Draft Steps on how to create Will in India without a lawyer, along with a Draft sample format for download.

𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐚𝐧𝐝 𝐝𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 - 𝐃𝐨𝐧’𝐭 𝐩𝐮𝐭 𝐚𝐥𝐥 𝐲𝐨𝐮𝐫 𝐞𝐠𝐠𝐬 𝐢𝐧 𝐨𝐧𝐞 𝐛𝐚𝐬𝐤𝐞𝐭

The idea behind portfolio diversification is to reduce a portfolio’s overall risk by minimizing the impact of a poor-performing asset on the entire investment portfolio.

Here are the 3 steps to diversify your portfolio:

➡️Set Clear Investment Goals and Risk Tolerance The first step before diversification is to set clear investment objectives. This will help diversification goal-wise and overall portfolio-wise. It is essential to diversify investment to protect your goals, followed by your overall portfolio.

➡️Diversify within Asset Classes Diversify your investments by investing in different asset classes: debt, equity, gold, and real estate.

➡️Rebalance Regularly Rebalancing ensures your decided asset allocation is on track.

🔗To learn more, read the article👇
https://salma.click/portfolio-div

Portfolio and Diversification: How Portfolio Diversification Works? Investment portfolio and diversification must go hand in hand. Goal-based investing is a wise strategy for asset allocation and portfolio diversification

𝐑𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐎𝐩𝐭𝐢𝐨𝐧 𝐈𝐧 𝐈𝐧𝐝𝐢𝐚

With the FIRE (Financial Independence, Retire Early) movement, the importance of Retirement Planning has grown significantly.

But before you jump in and start investing in any retirement investment option, it is essential to understand which phase you belong to because your 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐨𝐩𝐭𝐢𝐨𝐧 𝐰𝐢𝐥𝐥 𝐜𝐡𝐚𝐧𝐠𝐞 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐩𝐡𝐚𝐬𝐞𝐬.

✔️𝐏𝐡𝐚𝐬𝐞 1: 𝐄𝐚𝐫𝐧𝐢𝐧𝐠 𝐏𝐡𝐚𝐬𝐞

In the earning phase, you go through a journey of spending, saving, investing, and accumulating wealth. Not planning well impacts you and your dependent family member’s financial future.

The goal in this phase is capital accumulation and appreciation for retirement.

✔️𝐏𝐡𝐚𝐬𝐞 2: 𝐔𝐭𝐢𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐏𝐡𝐚𝐬𝐞

In this phase, you live a peaceful retirement life if you have planned your retirement well in your earning phase.

The goal in this phase is capital protection and utilization in retirement.

🔗To learn more, read the article below.

https://salma.click/ret-inv

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Exploring Retirement Investment Option In India Understand retirement investment option so you can plan for retirement without running short of funds.

With the 16% growth in medical inflation, do you think a Health Insurance Plan by your employer is sufficient for your family❓

If you are someone who relies entirely on your company's health insurance, then this post is for you.

𝑯𝒆𝒓𝒆 𝒂𝒓𝒆 𝒂 𝒇𝒆𝒘 𝒒𝒖𝒆𝒔𝒕𝒊𝒐𝒏𝒔 𝒕𝒐 𝒄𝒐𝒏𝒔𝒊𝒅𝒆𝒓 𝒕𝒐 𝒅𝒆𝒕𝒆𝒓𝒎𝒊𝒏𝒆 𝒘𝒉𝒂𝒕 𝒌𝒊𝒏𝒅 𝒐𝒇 𝒄𝒐𝒗𝒆𝒓𝒂𝒈𝒆 𝒚𝒐𝒖 𝒓𝒆𝒒𝒖𝒊𝒓𝒆:

1. Are you and your immediate family members already covered by your employer? If yes, then is it sufficient cover?
2. To what extent can you support medical expenses in case of insufficient coverage?
3. How often do you visit doctors or specialists?
4. Do you have any medical conditions that require ongoing care?
5. Do you have any pre-existing illnesses that need coverage?
6. Are you planning to start a family soon?
Consider your age, health status, medical history, and ongoing medical conditions, then decide if you should cover yourself and your family by taking personal insurance cover.

𝐂𝐡𝐞𝐜𝐤𝐥𝐢𝐬𝐭 𝐅𝐨𝐫 𝐇𝐞𝐚𝐥𝐭𝐡 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐏𝐥𝐚𝐧:
❌Co-Payment – Say NO
❌Restrictions On Room & Room Rent – Say NO
✓ Pre- And Post-Hospitalization Care – Say YES
✓ Restoration Benefit – Say YES
❌Disease Wise Sub-limits – Say NO
❌Longer Waiting Periods – Say NO
✓ No Claim Bonus- Say YES

🔗To learn more, read the article below

How To Choose Health Insurance Plan in India Health insurance is critical to any family’s health and financial security. Hence, learning how to choose health insurance plan for your family is essential.

𝐇𝐨𝐰 𝐓𝐨 𝐑𝐞𝐝𝐮𝐜𝐞 𝐋𝐨𝐚𝐧 𝐁𝐮𝐫𝐝𝐞𝐧 𝐒𝐦𝐚𝐫𝐭𝐥𝐲?
As loans have become an integral part of an individual’s life, the need to learn how to reduce loan burden smartly has become the need of the hour.

𝐇𝐨𝐰 𝐝𝐨 𝐢𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥𝐬 𝐟𝐚𝐥𝐥 𝐢𝐧𝐭𝐨 𝐚 𝐥𝐨𝐚𝐧 𝐭𝐫𝐚𝐩?
🚫Due to Overspending
🚫Due to genuine causes like Emergency Need
However, getting into a loan trap can be avoided entirely if we work on proper budgeting and create an emergency fund.

5 𝐒𝐭𝐞𝐩𝐬 𝐭𝐨 𝐑𝐞𝐝𝐮𝐜𝐞 𝐋𝐨𝐚𝐧 𝐁𝐮𝐫𝐝𝐞𝐧 𝐒𝐦𝐚𝐫𝐭𝐥𝐲
Step 1: Committing to self with a timeline -coming out of loan burden
Step 2: Recognize the Problem
Step 3: Prioritise Debt
Step 4: Manage Your Expenses Better
Step 5: Plan Monthly Loan Pre-Payment

🔗To learn more, read the article below
https://salma.click/reduce-loan

How to Reduce Loan Burden Smartly The need to learn how to reduce loan burden smartly has increased as loans have become an integral part of an individual’s life.

𝐇𝐨𝐰 𝐓𝐨 𝐔𝐬𝐞 𝐂𝐫𝐞𝐝𝐢𝐭 𝐂𝐚𝐫𝐝𝐬 𝐖𝐢𝐬𝐞𝐥𝐲?

Credit cards have become an integral part of individuals' lives, and using them wisely is essential.

Here are a few points to get started:

✓ 𝐂𝐫𝐞𝐚𝐭𝐞 𝐚 𝐁𝐮𝐝𝐠𝐞𝐭: Budgeting can help you track your income and expenses, ensure you don’t overspend, and help you avoid getting into a debt trap.

✓ 𝐁𝐞 𝐌𝐢𝐧𝐝𝐟𝐮𝐥 𝐨𝐟 𝐂𝐫𝐞𝐝𝐢𝐭 𝐔𝐭𝐢𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧: Not utilizing more than 30% of your limit is a good practice.

✓ 𝐀𝐯𝐨𝐢𝐝 𝐒𝐦𝐚𝐫𝐭 𝐄𝐌𝐈 𝐩𝐚𝐲𝐦𝐞𝐧𝐭: Smart EMI payments for your due balances are a smart way to make money for the bank, not for you.

✓ 𝐏𝐚𝐲 𝐘𝐨𝐮𝐫 𝐁𝐚𝐥𝐚𝐧𝐜𝐞 𝐢𝐧 𝐅𝐮𝐥𝐥: The most crucial rule for responsible credit card use is to pay your full balance every month before the due date.

🔗If you would like to learn all about credit cards, then read the article below.
https://salma.click/CC

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How To Use Credit Card Wisely And Best Practices A credit card can be a savior if used wisely and can take a toll on your finances if used carelessly. Learning how to use credit card wisely is essential to make best out of it.

𝐑𝐢𝐬𝐤 𝐑𝐞𝐭𝐮𝐫𝐧 𝐓𝐫𝐚𝐝𝐞-𝐎𝐟𝐟: 𝐇𝐨𝐰 𝐓𝐡𝐞𝐲 𝐀𝐟𝐟𝐞𝐜𝐭 𝐘𝐨𝐮𝐫 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬?

In investment, most investors think only about the return, and risk takes the back seat.

Some who talk about the risk also say they want high returns but want to take the low risk.

Some say I must make a monthly 10% return with low or no risk; what could be the option?

I wish it were so simple.

𝑹𝒊𝒔𝒌 𝒂𝒏𝒅 𝒓𝒆𝒕𝒖𝒓𝒏 𝒂𝒓𝒆 𝒅𝒊𝒓𝒆𝒄𝒕𝒍𝒚 𝒓𝒆𝒍𝒂𝒕𝒆𝒅:

- High return comes with higher risk - Equity Investing

- Low return comes with lower risk - Debt Investing

Does this mean debt is not good and equity is fantastic?

Well, they both are important and play a crucial role in your investment.

Just like balanced food!

To understand it better, read the article below to delve deep into the risk-return trade-off and explore how it affects your investments.

Risk Return Trade Off: How They Affect Your Investments? The risk return trade off helps understand the associated risk with the expected return. Let’s explore how it affects your investments.

𝐀𝐫𝐞 𝐛𝐞𝐢𝐧𝐠 𝐖𝐞𝐚𝐥𝐭𝐡𝐲 𝐚𝐧𝐝 𝐑𝐢𝐜𝐡 𝐭𝐡𝐞 𝐬𝐚𝐦𝐞?

Most often, being rich and wealthy are used as a synonym.

⚠️You might be rich, but not necessarily wealthy.

You might earn well but mostly spend it all due to your lifestyle choices and continue to work for money. However, being wealthy can buy you the time if you put your money to work.

Here are the major differences 👇

𝐑𝐢𝐜𝐡 𝐏𝐞𝐨𝐩𝐥𝐞

- Spends money upon receiving.

- Lives a lavish life.

- Continue to work for money.

- Doesn’t have money for life.

𝐖𝐞𝐚𝐥𝐭𝐡𝐲 𝐏𝐞𝐨𝐩𝐥𝐞

- Spends on need and on things to enjoy genuinely.

- Live a simple life.

- Put money into work.

- Money lasts a lifetime.

You might enjoy being rich; that's perfectly fine.

👉If you want to become wealthy, read the below article link in the comment section: 𝑯𝒐𝒘 𝑫𝒐 𝒀𝒐𝒖 𝑩𝒆𝒄𝒐𝒎𝒆 𝑾𝒆𝒂𝒍𝒕𝒉𝒚? 𝑻𝒉𝒆 𝑷𝒂𝒕𝒉 𝑻𝒐 𝑾𝒆𝒂𝒍𝒕𝒉 𝑩𝒖𝒊𝒍𝒅𝒊𝒏𝒈"
https://salma.click/become-wealthy

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How Do You Become Wealthy - The Path to Wealth Building How do you become wealthy depends upon the path you choose. Learn the path to wealth building.

𝐄𝐚𝐫𝐥𝐲 𝐑𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐆𝐮𝐢𝐝𝐞📙

Early Retirement is a dream to many; however, it can be turned into a disaster if not planned well the activity you may want to get involved in retirement.

⏳Early retirement: With money, you buy time.

Early Retirement planning is not limited to creating a corpus that will take care of your living expenses at retirement but also taking care of all other responsibilities beforehand so that you don’t have to work after retirement to fulfill these responsibilities.

To achieve early retirement, working on your other goals is essential, followed by an early retirement goal.

👉To make it simple, divide your goals into two parts:

𝐎𝐧𝐞-𝐭𝐢𝐦𝐞 𝐠𝐨𝐚𝐥𝐬: House purchase, child education, child marriage, etc.

𝐑𝐞𝐜𝐮𝐫𝐫𝐢𝐧𝐠 𝐠𝐨𝐚𝐥𝐬: Annual vacation, car purchase (once in 8-10 years), etc.

The shorter the list of your goals and realistic, the faster you can achieve early retirement.

𝘏𝘦𝘳𝘦 𝘢𝘳𝘦 𝘺𝘰𝘶𝘳 𝘵𝘩𝘳𝘦𝘦 𝘴𝘵𝘢𝘳𝘵𝘪𝘯𝘨 𝘱𝘰𝘪𝘯𝘵𝘴:

✅Start early by saving a minimum of 50-70% of your income.

✅Invest your savings wisely.

✅Work on your spending habits and live a financially disciplined life to make the most of it.

In short- Save more, spend less, and invest wisely.

🔗Click the link below to learn more about early retirement.

https://salma.click/early-retirement

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Benefits of Retirement Planning and Early Retirement Guide Benefits of Retirement Planning is not limited to one but many. It helps in achieving multiple goals, being disciplined, live withing the means and many more.