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Before You Start Investing, Protect Yourself First: Health Insurance, Term Insurance & Emergency Fund

Have you ever wondered whether you should start investing immediately after you start earning? Maybe you've just received your first salary. You download an investment app. You start looking at mutual funds. You hear about SIPs. Someone tells you about stocks. Another person tells you that you should start investing as early as possible because of the power of compounding. And everyone seems to be talking about how to grow your money . But there is one question I think we often forget to ask: What happens if something goes wrong before our investments have had time to grow? What if you have a major medical expense? What if you suddenly lose your income? What if someone who depends on your income needs financial support after you're gone? That's when I think personal finance needs to be looked at differently. Before we focus on making our money grow , we should first make sure that one unexpected event doesn't destroy everything we've built. And that is why I believe...
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How Much Should You Invest Every Month? A Beginner's Guide

Have you ever wondered how much money you should actually invest every month? ₹1,000? ₹5,000? ₹10,000? 20% of your salary? Or should you simply invest whatever is left at the end of the month? If you've ever searched for "how much should I invest every month?" , you've probably noticed something frustrating. Almost every answer says: "It depends." And technically, that's true. But it's not a very helpful answer when you're sitting in front of your bank account trying to decide whether you should invest ₹2,000, ₹5,000 or ₹20,000 this month. So let's make this practical. There isn't one perfect amount that everyone should invest. But there is a way to calculate a sensible amount for yourself. And I think that's much more useful than simply copying someone else's investment percentage. First, There Is No Perfect Monthly Investment Amount Let's get this out of the way first. There is no universal number that ever...

How Much Emergency Fund Should You Keep? 3, 6 or 12 Months?

 You finally decide to get serious about your money. You start saving. You start investing. Maybe you even start a SIP. Everything seems to be moving in the right direction. But then comes an important question: How much money should you actually keep aside for emergencies? Should you keep three months of expenses? Six months? Or should you go all the way to twelve months? There isn't one number that works for everyone. Your ideal emergency fund depends on your income, job stability, monthly expenses, responsibilities and how easily you can access money when you actually need it. So let's break it down. What Is an Emergency Fund? An emergency fund is money kept aside specifically for unexpected financial situations . It isn't money meant for your next vacation. It isn't your investment portfolio. And it isn't money you keep aside to buy a new phone. It is your financial safety net. For example: You suddenly lose your job. Your income gets in...

Where Should You Keep Your Emergency Fund in India?

So, you've finally decided to build an emergency fund. You calculate your monthly expenses. You decide on a target. Maybe you've even started saving. But then another question comes up: "Where should I actually keep this money?" Should it stay in your savings account? Should you put it in a fixed deposit? Should you invest it in a liquid fund? Should you keep some cash at home? And the biggest question: Should I try to earn returns from my emergency fund? These are important questions because an emergency fund has a very different purpose from your investment portfolio. When you're investing for the long term, you can usually afford to think about growth. When you're dealing with an emergency, you may care much more about: "Can I access my money when I need it?" That's the mindset we need to start with. First, Remember What an Emergency Fund Is For An emergency fund isn't an investment designed to make you rich. It is a fi...