Financial Planning Pillars
The success of a financial journey requires some detailed view and technical approach. Possessing these two at the same time is a hard task for many. However there are few things if kept in mind, will always help you maintain your finances smoothly. In our financial life we need to consider the following points to be of the optimal necessity: Savings and investing Insurance Loan and Liabilities Returns on investment Retirement In this post, we are sharing the thumb rules a no nothing investor should follow. However, all these may or may not be relevant to everyone, as financial requirement and perspective may differ. 1. Savings and investments. a. Maintaining an emergency fund : The first and most basic approach for saving is to keep aside some portion of earnings for an emergency. Maintaining an emergency fund helps you to be prepared for some unforeseen event. Since you at the back of your mind you know you are having some backup in case of some uncertainty, you will