Girl on Finance
We are talking about gender equality in which specifically we focus only on position in society, physical capability, education equality, etc. All these things are not my point to discuss here but I’m going to talk about financial equality which is most underrated topic in women whole life. So, if you are student, home maker, job person, married, unmarried doesn’t matter just read this blog and take few minutes of life and think about your finance.
Let me talk about if you are Job person or have any income sources, Firstly I assume that your earning is not going to spend whole in your lifestyle. Generally, as per financial planning you should invest as per your financial goal and your investment should be around 30% of your total income (50% your necessity & 20% for emergency). This is thumb rule but if you cannot follow this rule for any reason, you should at least try to follow some extent. You are earning women then start investing in Index fund if you don’t know anything about investing, you will get more or less same return as index perform. But you are long term investor and want more return than index then you should choose active investing by some help of financial advisor. Most women savings money ideal park in Saving bank account, FD, or Gold. Nothing is wrong if your money park in Gold but remember Gold isn’t your investment, Women has immense emotions with their gold jewellery. Even most women think that gold will help you in difficult time, I agreed but all money in one asset isn’t advisable. “Don’t put all your eggs in one basket.” Then it comes to FD, FD is not count as your investment it will give you max to max 5–7% returns which is almost equals to inflation in India so your money does not add any value creation for you. So, you can start investing in Mutual Fund via SIP regularly for long run. You can earn here 12-15%+ average CAGR for long run 15–20 years. If you know more about finance you can also start applying good IPOs which can also help you to grow your financial health.
If your some efforts can you reward more then it’s worth it at all. Here I’m going to show you how your bank balance, FD, Gold, Index investing and active investing make huge difference in your life. You can check here how your bank balance not worth at all as inflation is silent killer of your hard earned money.
Here you can compare alternate investment options with your risk-taking capacity. You should follow your vision and financial plan, if you’re married then also you should follow your separate plan which is aligned with your partner. You should be selfish when it comes to your financial goal because at the end it’s your hard-earned money don’t forget it. You may have good situations now but we don’t know about tomorrow or any upcoming any uncertain situations. Your financial wealth is ultimately your physical and mental wealth, which provides you security for the future. Also remember you have your own emergency fund which you can park in FD so it’s highly liquid that you can avail any time.
That’s it for today. If you find it helpful just share it with who need this. Feel free to connect with me! Twitter Insta
“Great investing requires a lot of delayed gratification.” — Charlie Munger
