5. Achieve your financial goals
Investing money is one of the easiest ways to achieve your financial goals. As you age, your financial needs develop as well, giving you different financial requirements in life. For an individual, it usually begins with the purchase of a house. Even if you fund your decision through a home loan, you need to pay up a substantial amount of down payment. By investing in a mixture of assets, you can build up the finance to pay up that down payment.
Making any investment is better than making no investments.
11
32 reads
CURATED FROM
IDEAS CURATED BY
I like to motivate and give advice to others. I want that everyone should be successful in their career with their skills and passion...
The idea is part of this collection:
Learn more about motivationandinspiration with this collection
How to write clearly and concisely
How to use proper grammar and punctuation
How to structure a business document
Related collections
Similar ideas
20%: Savings
Finally, try to allocate 20% of your net income to savings and investments. This includes adding money to an emergency fund in a bank savings account, making IRA contributions to a
Maintain a personal balance sheet
It’s a statement wherein you can jot down your assets and liabilities.
- Pull together your bank statements and other proofs of the liabilities
- List down your assets like the bank balance, all investments, home value, and value of other assets.
- Take a sum of all th...
When To Take On Debt
Debt is a liability unless you use it to finance income-generating assets. Don't take on debt for anything that does not increase in value over time.
Suitable forms of debt include buying real estate as a rental property, investing in your business, or a student loan.
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates