Your three-step guide to not getting singed in a market that is currently on steroids
Equities are volatile and risky. The ups and downs might be difficult for many investors to tolerate. But, if one educates oneself to learn the basics of equity investing and risk tolerance, this journey can be quite rewarding.
Pay yourself first. This is the advice on saving a part of your monthly salary or income before spending on anything else. If you have already instructed your bank to automatically transfer this from your salary account to another account designated as your financial independence account, then you are well on your way to financial independence.
Consider this. You are 25 years old today, earn Rs 6 lakh yearly and spend around Rs 5.4 lakh, saving 10%, i.e., Rs 60,000. That is a saving of ..