1. Pay for yourself first, then spend.
2. One should have adequate life and health insurance.
3. Get advice on financial planning from an expert.
4. Create an emergency fund to support a minimum of 3–6 months’ expenses.
5. Pay off all debt early and try to avoid taking loans.
6. Invest first in yourself, then make other investments.
7. Enroll in monthly SIPs by investing a minimum of 15-25% of income.
8. Save for your children’s college education.
9. Follow asset allocation and diversification.
10. Prepare and adherence to Budget for all spending.
11. Don’t leave money in a saving bank account, which will be eaten over by inflation.
12. Use alternate payment options intelligently for needs rather than wants.
13. Stop buying unnecessary stuff.
14. Do regular physical exercise to keep fit and healthy.
15. Keep a good credit score by timely payments.
16. Avoid and don’t get stuck with credit card debt.
17. Pay taxes wisely by efficient tax planning.
18. Avoid buying a car unless it is used daily.
19. Make a proper estate plan in place while you are alive.
20. Cancel all credit cards before your death.
21. Let your dear ones know about your assets and liabilities.
22. Defer enormous spending.
23. Make the best use of the grace period for the payments of insurance premiums.
24. Use energy-saving alternatives and stop wasting.
By Team Wealth ATM
Visit for financial freedom.
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Mutual fund investments are subject to market risk. Read the scheme related documents carefully.