00:00If you are looking at the same salary hike, most of the people don't have a cost of money, it's
00:08not bad.
00:10In the 20s and 30s, we don't know the simple mistakes we can avoid.
00:16If you don't understand, follow this video.
00:20First mistake, earn and spend.
00:24Credit card swipes, gadgets, fanci-ness,
00:28this is the same thing.
00:31Your lifestyle is fast growing,
00:34and you're going to get a hint.
00:36So, pay attention to your advice.
00:39Second mistake,
00:41budget is a big deal.
00:44Youngsters can tell the budget,
00:46but we don't know what to do.
00:51Expenses are track.
00:53App or written format,
00:55So, you can get to know where you are going to do it.
00:59The second mistake is to delay the investment.
01:02I would like to wait for you to start the income.
01:06Because Compound Magic is the early status.
01:10Just Rs. 500 per month, long run will be lost.
01:15Time is the biggest asset.
01:17So, you don't want to waste.
01:18The second mistake is to ignore the emergency fund.
01:20You don't want to ignore the emergency fund.
01:22Sudden medical bills, job loss, bike accidents.
01:25If you don't want to do any of this,
01:27if you don't want to do any of this,
01:29the finance will crash.
01:31At least, 3 to 6 months expenses are separate liquid account.
01:36So, you may feel safer.
01:38The second mistake is to make a random insurance policy.
01:42If you don't have any insurance, you don't have any insurance.
01:45You don't have a term insurance.
01:48Endownments, savings and other plans are all available to you.
01:53If you don't want to sign the insurance,
01:55you will need to be able to learn the time.
01:58The last mistake is to do a retirement plan.
02:01If you have a long time, you will be able to postpone it.
02:05But it is a risk for you.
02:07Small SIPs, retirement fund or NPSs start.
02:11Compounding is the magic of your compound.
02:14If you don't have any mistakes,
02:16tell me what mistakes are you doing.
02:18If you don't have any comments,
02:19tell me.
02:19Investments in securities markets are subject to market risk.
02:22Read all related documents carefully before investing.
02:24This is a reward on your stock.
02:24This is the reward for taking all the time.
02:25Then I will buy it,
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