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When did you realize small things matter?

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 I was born in a middle class family & below poverty line I've been through the phase where 1. We don't have gas stove to cook food my mom used to cook food on oven. 2. We borrowed rice from neighbors sometimes. My Parents don't even ate sometimes.  3. My father took several thousands of rupees  for the education from money lenders and my mother pawn her jewelry's. We fear of rainy season because my house is full with rain water we used to keep utensils to catch rain water. 4. Me & my brother's never purchased clothes of more than ₹2000 5. We never brought shoes more than ₹1000 6. We had brought our first refrigerator in 2021 & Washing Machine in 2024. 7. I got my first smartphone in 2020, after becoming FTE 8. We couldn't afford a Bike, not even a second hand as my father was a small farmer/auto driver. 9. We brought our first bike in 2024 10. I never celebrated my b'day with my friends in college as I don't wanted to waste my father's m...
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What is the golden rule of finance?

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 Greetings, Just 10 simple rules to take control of your finances: Let’s understand each of these rules in detail. 1. THE NET WORTH RULE This rule originated from 'The Millionaire Next Door' book. It has a simple way to determine if you are wealthy in the US. Multiply your age by your pre-tax annual income & divide by 10. If your net worth surpasses the result, you are wealthy. There’s an Indian version of this as well. Some experts suggest using 20 instead of 10 as the divisor in the Indian context. For instance, say you're 30 and earn Rs 12 lakh annually. Your net worth should be at least Rs 18 lakh to earn the 'wealthy' title. 2. RULE OF 72 This helps you determine the time it will take for your investment to double. How does it work? Simply divide "72" by the rate of return you are earning. For example, with a 9% return, it will take 8 years (72/9) to double your investment. 3. RULE OF 70 This tells you the impact of inflation. Divide "70...
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What are the best investment options for a salaried person?

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  I am a salaried employee and here are where I invest my money health insurance -  hospitals are costly . They drill a hole in your pocket . Buy health insurance right away for everyone in your family . life insurance-  another important investment . My life insurance is done by my company , I took another insurance from TATA AIA Both these insurance can be claimed while filing an ITR . FD -  I have this simple rule . I save some amount every month in an account I do not have a debit card for . As soon as my savings hit 50k , I make a recurring FD of that money . I haven’t decided how or when I will use it , but I’m just doing it RD- start  an RD of as much money you can easily shell out of your pocket every month . Since I have no specific goal, I just chose an RD which gives me the best interest rate , without having a time frame in mind Emergency fund  :  The goal is to have an amount that will take care of your monthly needs for a period of 3–6 mo...
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