₹e-assemble is a video series covering the basics of money management and goal-based investing for absolute beginners. Step 1 was listing Goals, Dreams and Nightmares. Step 2, laying the foundation of wealth with an emergency fund and in this week, we shall move on to step 3, buying life insurance policy. If you already have such a policy, do check if you completed these tasks: Things to do AFTER you take a term insurance policy! Also, please do share this article with friends who don’t and use the calculators linked to check if your life is cover sufficient.
₹e-assemble is a video series covering the basics of money management and goal-based investing for absolute beginners. Last week, in step 1 we consider the need to list our Goals, Dreams and Nightmares. In part 2, we will consider the essential foundations for getting rich and staying rich.
When we talk about getting rich or building wealth, we often focus on investments – where, when, how much, how effective etc. While that is important, an unexpected expense can result in redemptions. So before we talk about investing, we need to anticipate the unforeseeable! Account for possible unexpected/unsavoury expenses.
Dear reader, starting this week I would like to cover the basics of money management and goal-based investing for absolute beginners in the form a video series: ₹e-assemble. Each week I will discuss one step. The first step covered in this post is: goals, dreams and nightmares. Each step will take between 30 minutes to a couple of hours to implement. Assuming it takes about a week to implement each step, in about 1-2 months, your money management will become simplified focussed and on auto-pilot. As always I look forward to your support, encouragement and feedback.