Pic courtesy : Pixabay Once a person starts earning, there is some amount of financial knowledge which a person ought to have. During the first few months of earning, everyone has big list of things, which one buys for oneself, family and friends.... Gifting here and there... Partying here and there.... But starting to save and invest is also important once the other things are taken care of... And earlier the person starts on this journey, the better it is in the long run. I will throw light on the following things one by one: Emergency Fund Life Insurance (Term Insurance) Health Insurance Investing - Fixed Income Instruments/ Stocks and Mutual Funds/ Real Estate/ Business/ Precious Metals/ Art Funds for your various needs Emergency Fund This is the first fund which you will have to work on... This is basically your savings to take care of your monthly expenses just in case you stop earning (Like during the Corona Pandemic) or job shifting or to take care of sudden unexp
Random Topics Under the Sun! Some of them are my personal experiences and some of them are views which I have picked up from here and there.