Скачать или смотреть 10 PERSONAL FINANCE RULES TO LIVE A BETTER AND HAPPY LIFESTYLE | TEAM VIDHYAMANI | Ft. ANKITA PATIL

10 personal financial rules by team VIDHYAMANI a millennial should follow.

In today's society, the phrase "personal finance" is widely used in reference to how an individual or family manages their spending and savings. Personal finance is the wise management of money, including planning, saving, and spending of money and wealth by an individual or family while taking into account various financial risks and upcoming events. Millennials in particular need to keep an eye on their finances if they want to succeed in the competitive and uncertain market.

To manage and administer their personal funds, everyone should abide by the following rules:

1) Use Rule of 72 to know the time period needed to double your income
2) Apply Rule of 70 to check the depreciation rate of your investment
3) Put 50% of income into fixed income & 50% into equity
4) Stock Allocation Rule – 100 minus your age rule
5) Asset Allocation Rule – 10-5-3 Rule
6) 50-30-20 Rule – about allocation of income to expense
7) 3X Emergency Rule
8) 3 X Monthly Income
9) 40c/o EMI Rule
10) Life insurance rule

➡️Also there are some books you can add to your knowledge library:-

⭐Rich Dad Poor Dad
⭐The Psychology of Money
⭐Learn to Earn
⭐The Little Book That Still Beats the Market
⭐Financial Literacy for Managers


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