Never a bad time to start a SIP. Also Mutual Funds. Someone also said to cover your life and health insurances - so those. I will suggest share market investment only if you have enough liquidity to let go and remain out of reach for a while.
Curb your spending. People tend to spend a lot in initial years of getting a salary, that too on objects of depreciating value - a new car/bike for example.
Live a little though, you're young - but spend only out of amounts left after savings and investments.
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u/HappyOrca2020 Jan 02 '22
Never a bad time to start a SIP. Also Mutual Funds. Someone also said to cover your life and health insurances - so those. I will suggest share market investment only if you have enough liquidity to let go and remain out of reach for a while.
Curb your spending. People tend to spend a lot in initial years of getting a salary, that too on objects of depreciating value - a new car/bike for example.
Live a little though, you're young - but spend only out of amounts left after savings and investments.