THUMB RULE FOR YOUR FINANCES..

FEW THUMB RULES HELP IN FINANCIAL DECESIONS;-

1⃣> 100 MINUS AGE SHOULD BE OUR EQUITY ALLOCATION.

2⃣> MINIMUM 20 TIMES OF OUR YEARLY INCOME SHOULD BE OUR RETIREMENT FUND.

3⃣> WE ALL SHOULD SAVE MINIMUM 30% OF OUR INCOME.

4⃣> COST OF OUR HOUSE SHOULD NOT BE MORE THAN 6 TO 8 TIMES OF OUR FAMILY INCOME.

5⃣> EMI SHOULD NOT BE MORE THAN 35% OF OUR GROSS MONTHLY INCOME.
ZERO IS THE BEST ANSWER.

6⃣> RATE OF RETURNS IDEALLY SHOULD BEAT INFLATION.

7⃣> RULE OF 72 &115…..

HOW MANY YEARS DOUBLE OR TRIPLE OUR MONEY?
72/RETURNS=DOUBLE IN YRS.
115/RETURNS=TRIPLE IN YRS

8⃣> RULE OF 70= FUTURE BUYING POWER OF YOUR MONEY.
70/INFLATION= NUMBER OF YRS.

9⃣> LIFE COVER SHOULD BE MINIMUM 8 TO 10 TIMES OF YOUR YEARLY INCOME.

🔟> WE SHOULD KEEP 3 TO 6 MONTHS EXPENSES AS AN EMERGENCY FUND..

———MORAL——
PEOPLE WANT SHORTCUTS,THAT’S WHY THUMB RULES FIND SOME PLACE.
WISH YOU ALL DISCIPLINE INVESTING WITH THUMB RULES.

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Welcome to Invest India Online. Financial freedom means something different to every single one of our clients. For some, it means having enough money in retirement to build a second home and send the grandchildren to college.