parag ab

Software developer | Aspiring personal finance nerd | Not affiliated with Aditya Birla Group 😄 #PersonalFinance #FinanceForBeginner #ABFinance

[parag ab @ABFinance]

Don't let your hard-earned money vanish into thin air! 💸
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.)

[parag ab @ABFinance]

> Watching yourself in mirror after 3 months of regular workout at home using the set you had ordered 💪🫀👏

> Booking 10-12% of profits 📈 towards end of year on the investments you had made 😇

Every win life is followed by an "uneasy decision", Investment win is no different

[parag ab @ABFinance]

* Some uneasy moments:

> Sowing a seed in a pot, water daily but nothing "visibly exciting" happens for 3-4 days 🫣
> Buying a musical instrument and failing to play it smooth for 10-15 days straight 😔

1/n

[parag ab @ABFinance]

* Some blissful moments that follows:

> Seeing the seed that you sow, grow into a plant 🪴 & blossoms in its season 🌸

> You are able to play the instrument effortlessly after practicing for a month 🎼🎶🙂

[parag ab @ABFinance]

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" 😇

[parag ab @ABFinance]

Typical #investment journey of salaried individual:

Stage 1: Age 23-24. Just started a career. Barely set aside 500-1k ₹/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! 😪

[parag ab @ABFinance]

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"

[parag ab @ABFinance]

Do you remember when you joined X? I do! #MyXAnniversary

[parag ab @ABFinance]

@PeterMcCormack Now wait till something breaks and the code needs something called "troubleshoot"
🤣

[parag ab @ABFinance]

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.

[parag ab @ABFinance]

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?

[parag ab @ABFinance]

Prompt2: Consider salary hike of 3% each year. Now show projections for next few years along with the age and secured corpus.

[Dr. Anshul Sadhale @AnshulGains]

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? Don’t 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 doesn’t affect you.

Start focusing on your health and business.

Create more than you consume.

Talk about your growth.

Talk about your life.

[parag ab @ABFinance]

@kumardeepak1587 @abcapital

[parag ab @ABFinance]

5/5 Rule 4: Stop window shopping for loans. 🛑
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! 💰

#MoneyMatters

[parag ab @ABFinance]

1/5 Building a great credit score isn't rocket science, but it does require more discipline than your "Gym in January" resolution. 🏋️‍♂️

If you want the bank to love you back, here’s the cheat sheet for the Indian borrower. 🧵

#PersonalFinance #CreditScore #MoneyTips

[parag ab @ABFinance]

4/5 Rule 3: Don't be "Credit Hungry." 🍕
Keep your Credit Card usage below 20%. If your limit is ₹1 Lakh and you spend ₹90k every month, the bank thinks you’re starving for cash. Stay slim on the utilization to look "financially fit." 🏃‍♂️

#CreditCard #WealthManagement