Personal Finance for Beginners

Life, an ethereal experience for us, can truly be fulfilled by strengthening four pillars of stability. A good physical health, Mental health, Social life and an essential but never-so-important to consider for some fools i.e. Financial planning. Today, lets touch the surface of that last pillar. Who knows? one may find a treasure out of it.

So, Financial planning. One might wonder why need to do it when it is a straightforward thing that to earn more. Is this that simple? or something which is very crucial to understand and implement in life, something to implement to secure the future life. Even though it is completely missing out of academic syllabus, which is a sad reality, it can be learned easily. It is by far the planning of how, where and when to spend or rather invest your hard-earned money in Six levels so to make best use out of it.

Below are those levels which are best of my knowledge:

1) Insurance- Term ("a foolish idea to buy or important one?"- You will see.)

2) Insurance- Health ("come on, another insurance?-Yup. Are you an agent?"- Gladly NO, I am not.)

3) Loan repayment ("that's boring, lets invest somewhere and become rich fast"- Oh, so you want to be quick rich with lots of loans over head. That's no rich. I will tell you how.)

3) Emergency Fund ("Why, I don't have any emergency"- But you may have, in future. don't worry, I am not scaring you. It is just for planning)

4) Opportunity Fund ("Sounds interesting"- Indeed, it is.)

5) Investment- No risk to Low, Moderate and High Risk. ("I know it, that's stock market, YAY"- Really? Do you thing only that is. Then lets break your myth)

6) Are you still here? Good. Keep tuned...!! Be continue with me on this journey and I will break down and explain every level in this series..

Happy planning.

Blogger,

Saurabh Kulkarrni

Kulkarnis009@gmail.com