Golden Rules to Manage Your Money

Hello and welcome to my Blog.

I will try to share some insights into managing and growing your money.

Disclaimer : I am NOT a financial  consultant or a wizard .. whatever I write here is a result of my own experiences and insight. Being an engineer and first generation entrepreneur, and a guy who has worked on mergers and acquisitions of companies first hand, I owe it  to all of you to educate : How  to go  about the  financial growth.. yeah : How to TRIPLE your money 🙂 .

Here goes my List :

• Always pay all credit cards in FULL.
• DO NOT withdraw cash from Credit cards.
• Pay your Bills BEFORE TIME.
• Open a Demat Account and Invest in Shares (yes Equity Shares .. NOT ELSS).
• Spread your investments over several Assets types : Fixed Deposit, PPF, Equity shares, Mutual Funds, Gold , Silver, Land, Home/Apartment, Business office : in that  order.
• Remember to SAVE and Invest Every Month. Don’t keep your money idling in savings account.
• If you can, Pay back All LOANS early.
• Buy and Keep Sufficient Insurance (DON’T Overdo it : Insurance is NOT investment).
• Learn the Legalese, Learn to calculate ROI and % of things you do. e.g. Paying Rs 100 on a Bill of Rs  500 as “delayed payment charges” is 20% Penalty !
• Learn to compare, use Excel sheets, before you decide on any Financial matters.
• Buy your tickets Rail / Air / others well in advance.
• Search and use Coupons on all your online shopping !
• DO NOT buy things and stuff you don’t need, even if it is at “75%” discount.