This is the archive of all our articles related to how young earners can manage their money easily
Here is a money management checklist for young earners to start investing right. This is aimed at those about to start their careers or those who have started working in the last few years. Use your first paycheck and make your parents and the rest of the family happy. Use your second paycheck to get…
Continue reading →In this article, SEBI registered investment advisor, Sriram Jayaram discusses 11 investment mistakes young earners and anyone new to personal money management should avoid. About the author: Sriram Jayaraman is a SEBI registered fee-only Investment adviser. After 27 years of working in large IT companies in India, he achieved financial independence and retired early to become…
Continue reading →I recently asked a group of young people, “What is the first thing that comes to mind when you hear the name ‘Elon Musk’?” Here are some of the responses: Brilliant Genius Visionary Passionate Mad genius Crazy Thinker Leader Saviour impulsive entrepreneur risk-taker hero idol god rich billionaire I then asked, Why is Elon Musk successful?…
Continue reading →A member of the Facebook group Asan Ideas for Wealth suggested we write a quick start guide for new earners/investors. We already have a detailed step by step free ebook on how to buy term insurance, health insurance, set up an emergency fund, start investing etc. You can download this at the end of the…
Continue reading →In this article, M T Raghunath (MTR) explains how he turned his discussions on investing and money with his two sons into a book. MTR is one of the smartest DIY investors I have interacted with and his book does not disappoint. He sought my opinion on his book, Primer on Money and Investing: Fundamental…
Continue reading →Hirak writes, “I am a 17-year-old, and I want to learn and start investing. Help me out”. It is wonderful to see young people serious about investing and money management. We are honoured when they ask us about it. We do not know the cash flow situation of Hirak. Does he earn part-time or full-time?…
Continue reading →A young earner asks, “I’m 22 and started working in an IT company 1 year ago. I save around 50k per month and also have a saving of around 7 lakhs from joining bonus etc. I fall under the 30% tax bracket, and my EPF contribution is around Rs.4700 monthly. I have not started investing…
Continue reading →Swarup asks, “I am a salaried employee for 8 years, having good pay. Due to a lack of knowledge, I never invested in MFs. I do not have a goal yet. But I want to maintain a 50-50 asset allocation. For 8 years, I have put money in FDs mostly. Now I have started investing…
Continue reading →Sandeep asks, “can you please advice me on how a 22 aged guy should design his investment portfolio & invest regularly?” When the right question is asked at the right time, it can be a gamechanger. We will leave it to the judgment of the reader whether the question was posed to the right person…
Continue reading →Here is an interesting question from a young earner about to start his career: Dear Sir, I started following your work recently. I am 21 years old now and will graduate with a BCA degree this month. My internship is getting converted to full-time next month. I will be working as a Front End Developer…
Continue reading →Most investors wish to live in a certain “la la land” where they want a path that would lead to success. They want to hear what they want to and settle down with convenient truths. It is a refusal to graduate beyond the “basics” and confront cold reality. This means leaving the future of their…
Continue reading →Every year, tens of thousands of people start their careers and recognise the need to manage money. Yet another tens of thousands want to correct past mistakes and get their investments in order. A group just as strong is getting ready for retirement. All of them are rookies or newbies. Here is one rookie mistake…
Continue reading →This is a mutual fund guide for first-time investors to start investing in the right way. It is designed in an easy-to-understand question and answer format. We believe that new investors in mutual funds should first ask and then seek answers to these questions.
Continue reading →Are you a young earner, who has just started investing in mutual funds? Have you started multiple SIPs (3,4,5 …) in mutual funds from the same category or type? Here is why this is a mistake and you need to stops some SIPs and consolidate your investments before it becomes a mess.
Continue reading →Sooner or later after we finish college and start working, a life-altering realisation hits us. We find out what our school mates and college mates are doing, their lifestyle, how much they are likely to earn etc. We begin defining our relative station in life. What should a reasonably young person with “low income” do to…
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