Svat Learning

Are you also making this mistake? 🤫
A lot of working professionals just blindly put their money in 3-4 Mutual Funds suggested by their friends and family, without knowing any fundamentals. 🤷‍♀️

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A lot of us might already know these points and their importance, but still fail to follow. 🤷‍♀️

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A lot of people ask me whether should I invest all of my money or keep something in savings as well?

My answer is to keep an emergency fund always.

Given, the importance and urgency you would have to use the emergency fund, you should always keep it in more liquid form. For ex: either keep it in your savings account itself or you can put it in an FD.

Do you maintain an emergency fund for yourself? Let me know in comments.

PS: Want to learn the complete roadmap of how to become financially literate? From investing to savings to insurance? Join my FREE LIVE MASTERCLASS this Sunday. { Registration link in comment}

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Want to know how to build this diverse portfolio that can give you a consistent return of 15 to 20% annually? Attend my FREE LIVE MASTERCLASS this Sunday. {Registration link in comment}

Investing also offers multiple advantages over savings. For ex:

👉 Investing has the potential of amazing long term returns

Various investment options have got their own returns and risks. However, building a diverse portfolio can easily help you achieve 15 - 20% of consistent annual growth.

Think of your money growing at 2.5% in savings account VS 20% with investing. Compounding effect will make an unimaginably huge difference in your wealth, 10 years from now.

👉 Investing helps you beat inflation

Since current inflation rates in India are around 6%, it is important for you to grow your money more than this rate. Else, though your money might seem to increase but your purchasing power will keep on decreasing.

👉 Earn additional Income

Investing in options like bonds, rent from real estate, intellectual properties & many others can help you build a stable additional income source.

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Want to learn how to start your investing journey? And build a diverse portfolio according to your financial goals?

How can you make money work for you? Here are a few options:

👉 Build a business: No matter how big or small, when you build a business you ultimately start hiring a team who delivers results and revenue to the company. Now, you have people to help you make money.

👉 Start Investing in Equity: If you can't build a business, invest in one. Let's say you invest in stocks of a company, then as the company grows over a period of time, the value of stock grows. And your investments increase. Now, people at this company are working as employees to help you make money.

👉 Invest in real estate: This is a little tricky and debatable one, but rent can always create an additional source of income for you. Now, someone else is working to pay you monthly instalments.

Do you invest in any one of them? Or any other options? Comment below👇

PS: Want to learn how to invest and get in charge of your money? Follow for the latest updates.

It is important for us to understand what we can buy based on a balanced combination of both income and emotions.

For example:
📱 Should I buy my favourite phone worth Rs. 70K today?
🚕 Is it the right time for me to buy a car?
💎 Can I buy a house, given my current situation?

Now, my emotions definitely want me to have these, and we definitely want to be emotionally happy in our life.

However, do my finances support this type of expense? 🤔

And vice-versa as well. Many people calculate that buying a house is not financially wise. But if one can afford, why not? 🤷‍♀️

The answer to all these lies in budgeting and financial planning.

Follow Learning to know more about budgeting, personal finance, and investments in future posts.