Suggestion on investing money
25F, earning 18 LPA. I come from a lower middle-class background and don’t have any financial assets yet (no house, no gold, etc.), so I’m building everything from scratch.
I want to start saving and investing wisely, especially with future goals like marriage in mind. I’m currently unsure where to begin (mutual funds, gold, savings, etc.).
Would appreciate any advice on how to plan, invest, and manage money at this stage.
Do SIP, also invest in USA-based companies specifically AI-based, and further you can purchase gold via ETF,
I did the same 7 years back when I joined the corporate world. This helped me a lot
A good advice is :
- Don’t buy anything on EMI except land
- Buy a land near by your hometown OR the city where do you live. This is the best investment and you will never regret after 10 years
- Invest for your comfort like buying own Scooty/ Car to save more travel time to invest on upskiling time !
- Buy a good health insurance (other than company sponsored) for you and your family members
- Don’t forget to buy a pure LIC term insurance.
Note: Read the point #1 again!
Amazon pays more than 18 lpa if I am correct?
Don't take anything on EMI
Invest in gold and land
