Smart Financial Planning

Proper Investment planning is most important part of life but very less people know how to do it. Start planning smartly for achieve your goals and save your future/Family.

I am going to explain as below # # # #.

1. Always have more than 1 Bank accounts.

2. Create FD's with overdraft faciality 2 Lakh max in each account.

3. Don't invest or save more than 5Lakh in any bank account it saves you from a lot trouble because every account has 5 lakh insurance.

4. Always invest in PPF account because it is safe give you good returns.

5. always save 50k in NPS.

6. Always try to put more money in VPF if you are employee.

Now Once you saved 2 Lakh in FD's, NPS, PPF then only go for Below options smartly.

1. Invest in MF by own understanding with distributed types and risks.

2. don’t invest more than 50k in one MF.

3. Invest in Government bonds by own.

4. Purchase some Term Market plan with minimum 8% returns 50k to 1 lakh /year.

Note: Never invest all your money in one investment plan and distribute your wealth according to your age/Dreams.

always remember 8th wonder of world "Compounding".

Let me know if any suggestion/advice required regarding Tax saving, investment and financial.

#financial