INVESTMENT GUIDE PART - II (For young buddies)
In the first part I discussed why I thought of writing this article. The current generations, many with their thick pay packet know not how to spend or invest prudently. Their working conditions will hardly permit them to continue till superannuation. Most of them are likely to take early retirement form their professional life (but not from life). So what harvest they will have depends upon how they reap now. First of all budgeting is most important factor in young professional’s life. Unless you do that you wonder where your money goes! Writing a budget shows actually how do spend and shows the area and how you can control them. You can identify the area needs to be controlled. Never forget to add the expenses you do on shopping and entertainment and include your savings too. Keep a track on your utility bills and keep comparing them. Mind you the plastic money or credit cards are major boosters to spending. Not that they do not have any role to play. At an odd hours, god forbid, ...