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…

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…

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?…

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…

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…

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…

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…

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…

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…