Most youth do save, and some up to a fourth of their income. But what a majority of them falter at is investing- investing intelligent.
MONEY TODAY presents a step-by-step primer for young investors.
There are good and bad loans. Good loans are used to build assets such as a house. Bad loans don’t create assets and are used to buy home theatre, PDA, etc. Debt service ratio (monthly loan payment as percentage of monthly take-home income) indicates your repayment ability without stretching your resources
Retirement Planning Now?
Plans to holiday and travel after an active career needs to be well funded. Power of compounding helps you amass a huge retirement corpus; the earlier to start, the bigger it gets
A high-risk and high-return investment. There are options like IPOs (initial public offer), mutual funds and direct equity start safe with a mutual fund; you can do so with a SIP (systematic investment plan) and then look at other investing options
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