Don't let your hard-earned money vanish into thin air! ๐ธ
Financial frauds are everywhere, and they're getting smarter. Here's your quick guide to spotting and dodging them like a pro. (No, seriously, your bank won't ask for your OTP.)
> Watching yourself in mirror after 3 months of regular workout at home using the set you had ordered ๐ช๐ซ๐
> Booking 10-12% of profits ๐ towards end of year on the investments you had made ๐
Every win life is followed by an "uneasy decision", Investment win is no different
* Some uneasy moments:
> Sowing a seed in a pot, water daily but nothing "visibly exciting" happens for 3-4 days ๐ซฃ
> Buying a musical instrument and failing to play it smooth for 10-15 days straight ๐
1/n
* Some blissful moments that follows:
> Seeing the seed that you sow, grow into a plant ๐ชด & blossoms in its season ๐ธ
> You are able to play the instrument effortlessly after practicing for a month ๐ผ๐ถ๐
Understands economy better than 25 YO self.
Set better goals, increase learning.
Knows what, when and how of #investing
Get frequent Interactions with HNIs. Understands meaning of "financial peace" ๐
Typical #investment journey of salaried individual:
Stage 1: Age 23-24. Just started a career. Barely set aside 500-1k โน/month.
Will put it in bank or small SIPs.
If it can buy a smartphone towards end of year, more than enough.
But the internet calls'em loser.
Frustrated! ๐ช
Stage 5: Age 32 and 35. Keeping track of small numbers seems irrelevant.
Think about "Investment and its purpose" whole new way.
Learns that money is "a fuel to run the life" not "the life"
Prompt3: To reach X crore corpus (inflation adjusted) how much yearly growth is needed in the income?
Also consider increase in expenses as the age & responsibilities grows.
Your #future_wealth status at a glance:
Open Any LLM
Prompt1: a person X years old, earns X rs/month, spends X rs on mandatory expenses
Can you show how an ideal cashflow should look like for this person?
Also show a table what the financial status will be in next 5-20 years?
Dhurandhar sales? 1000 cr sir.
Where did Iran attack latest? Dubai sir.
IPL? 28th March sir.
Nifty today? 300 points down sir.
Lockdown? Not confirmed, just checked sir.
How much protein in last meal? Donโt know sir.
How many steps today? No clue sir.
Did you workout today? No sir.
You have become a news reporter.
Consuming nonsense news which doesnโt affect you.
Start focusing on your health and business.
Create more than you consume.
Talk about your growth.
Talk about your life.
5/5 Rule 4: Stop window shopping for loans. ๐
Every time you hand over your PAN for "eligibility checks," your score takes a tiny hit.
Checking your own score is fine; let the banks come to you with pre-approved offers instead. Patience is literally money! ๐ฐ
#MoneyMatters
1/5 Building a great credit score isn't rocket science, but it does require more discipline than your "Gym in January" resolution. ๐๏ธโโ๏ธ
If you want the bank to love you back, hereโs the cheat sheet for the Indian borrower. ๐งต
#PersonalFinance#CreditScore#MoneyTips
4/5 Rule 3: Don't be "Credit Hungry." ๐
Keep your Credit Card usage below 20%. If your limit is โน1 Lakh and you spend โน90k every month, the bank thinks youโre starving for cash. Stay slim on the utilization to look "financially fit." ๐โโ๏ธ
#CreditCard#WealthManagement