Let’s kick-start this year with some ground-breaking rules on investments for the future of your family. I’m sure the idea of investing completely intimidates many. We wanted to bring forth a little insight on smart invests early on this year, so that you could breeze through 2019 feeling secure. Watch this exclusive LIVE we had with Vishal Khandelwal, the founder of Safal Niveshak, who has a lot to say about how to invest smartly to secure your present and future.
The key takeaway from this session- it is more important to learn how to protect your money than just educating yourself on how to multiply it.
Here are some valuable insights from our exclusive conversation:
- The critical thing parents need to remember about smart investments is disciplined savings, he says.
- The key to better investments is to avoid debts such as EMIs and credit cards.
- Emergency funds – which should not be touched and it should 8 months of your household expenditures
- And why families need to consider stocks and mutual funds as investment options.
The stress was on the concept of savings and how most families get it wrong:
Mistakes family make: Income – Spending = Savings
Vishal Khandelwal’s way: Income – Savings = Spending
Also, Vishal Khandelwal has started an initiative for kids called the Camp Millionaire – a money workshop for kids that will give them early lessons on savings. Watch this video and educate yourself on how to save well and invest smartly and don’t forget to share it with a fellow parent. This year’s resolution is to save more and more!
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