5 Basic Rules of Personal Finance
- Never put all your money in similar type of financial instruments (bonds, equity, ETF etc.)
- Regular investment yield best returns
- Understand before you invest money. Don’t invest if you are unclear or confused
- Find the quantum of your emergency fund. And park the rest in any instrument that gives better return than your savings account
- Avoid loans if possible. Save and spend, rather than spend and repay
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