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investing for Gen-Z

Born between 1997 to 2012, oldest Gen Z today would be 24 years old, read carefully, what we are going to tell you may decide your financial future in years to come.

If you have just started to earn or going to be soon, and you might have some plans for life, well, you may know by now, life doesn’t go as planned, always. Covid 19 and the stock market crash of 2020 is the most recent and vivid memory with many of us.

So, How should we take care of our Finances? What should we do to avoid black swan events like Covid from affecting our finances in future? How can we make sure that we are self sufficient!

Well the short answer is INVEST, Invest now!

Note- how early you invest matters more than the amount you Invest, because Compounding works best later down the time.

Lets discuss how to Invest when you are in your 20s:

  1. You must first save some portion of your money, in-fact one thing that we all get to learn from Covid is we should have an emergency fund (3 to 6 months of our expenses saved) before investing, so that we can rely on it incase of any unfortunate event. Read more about Emergency Fund here.
  2. Divide your Income into 3 Brackets, Save, Invest and Spend. A rule of thumb to start with is Save 20 bucks, Invest 30 bucks and Spend 50 bucks of your monthly income (more better approach would be 50, 20, 30; but consistency matter more than the amount you Invest)
  3. Spend low, live below your means, or expand your means. Yes I get that you may be fresh out of college and in your prime youth, thinking to party like crazy. While no body is saying, don’t party at all, but limit it as much as you can, the earlier you get into saving and investing rather than spending the better your quality of life will be. so shush the Party Animal within or just tone it down a bit. I know its hard to digest, But think do you want to live like king as you grow or you want to cut on your expenses and go take some huge loan to maintain all that family expenses that are inevitable at an older age. Somewhere down the line, I assume you would like to have your own house, a car and what not, so better you start investing now & be frugal, for more peace later in life.
  4. Do Invest in Stocks, own them as your own Business! Don’t stress too much on getting it right, everybody makes mistake and so will you.

Do you need to be conservative or do you need to go wild, all in?

I would suggest a balance approach, now that you have 30% of your Monthly Income to Invest, I would suggest you to divide it further into different assets like Crypto, Gold and Stocks (now if the money is very less to even divide you can alternate the asset class every month).

  1. 10% (of Investing Income) -> Cryptocurrency, where in further you should divide in Bitcoin & Etherum or at least a few coins to be safe and not miss the opportunity at the same time. What I would do would be to have 50% of my Money (of this 10%) in Bitcoin, 40% in Ethereum and 10% in Others (like Zcash, Dash, etc). You may like to read more about Cryptocurrency here.
  2. 5% (of Income) -> In Sovereign Gold Bond or some form of Gold at least, if the amount is too small you may consider something like ‘ICICIGOLD’ ETF which is currently priced at 44 rupees a share.
  3. Left with 85% of your Investing Income, you can go into Stocks directly. (In case that 85% of your income is exceptional, you are richie rich, I am glad you came here, you can further divide the amount into real estate and stocks!)
    • 10 – 50% in Broad Market ETF that tracks the index like ICICINIFTY, HDFC Sensex Plan for India or VTI, VOO for US Markets. You can make your portfolio 50% of this in case you not at all care about markets and don’t have time even look at your portfolio once a month. As a matter of fact, the legendary Investor Warren Buffet himself suggest a low cost ETF for all Passive Investor. Read more about Index fund here.
    • 25% in Momentum stocks, these are basically risky Mid & Small cap stocks, and since you have time in your hand you can take some risk. You can use smallcase for this. Click here to know more.
    • 10% on long term trend/idea you like for example Electric Vehicles, or The Great Indian Middle class, whatever you believe will be huge with time.
    • 0 – 40% in Direct Stock picks, now seriously I want you to take some risk, look around buy stocks of brands you own, you consume like that ITC cookies you eat, or Hindustan Uniliver Soap you use or Bajaj Bike you Vroom vroom… (Disclaimer – we are not suggesting / advising any pick). Now this can be most volatile part of whole portfolio, but it can be most rewarding if the research is done right, also with time you get better in this. Always always avoid buying on someone’s advice do your own due diligence. If you are someone who believes more in the promise of blockchain & cryptocurrency than you may like to flip the percentages 10% here and 40% there 😉

To Recap, put numbers in to perspective, lets say you have 30,000 as the salary than 30% would be 9000, Put 900 of it in Crypto (450 BTC, 360 ETH, 90 other Coins), 450 in Gold, 7650 in Stocks!

Remember – If you can’t achieve the percentages listed above, let it be, a bit up or down here and there won’t matter.

The Idea is to Diversify, Invest Early and Be consistent. Time is your best friend.

CAGR

To Read about the Common Mistakes that every Investor make, and to avoid them, click here.

Looking for some Earning Opportunity, click here.

Some TO DOs’ of Investing (recommended reading)

Thank You for Reading, We wish you loads of Happiness, Success & Wealth in Life. ~Team RiteFinance.

is 2021 the year of the bull?

My Outlook for 2021

Stock Market – While we are in good Bull rally so far in terms of Market in US, India and most of the parts of the world, we may see some rotation or correction going forward. By Rotation I mean we may see a flip or the Investments flowing more into the sectors of the market like Metals, Auto, Banks that was ignored in 2020 away from the stars IT, Pharma. Also there is nevertheless a chance of double digit correction in 2021, and this is where we need to be cautious and hold for long, not panic sell like most of us did in 2020. (If you are new to stock market you can open an account with Zerodha here)

Bitcoin/Cryptocurrency – Cryptocurrency specifically Bitcoin may see a slight correction going into 2021, but nevertheless the concept of Cryptocurrency is promising and it looks like it is here to stay for long at least unless an alternative is found. So I would like to be Vigilant here and Invest in dips. Remember always do your own due diligence before investing. To know more about Crypto click here.

Gold/Precious metal – I think Gold still holds value, and can surpass its 2020 high by 2021 end. Given the volatility in Market, and monetary policies of Govt., Bitcoin & Gold both can shine together for most part of this decade. Also this looks like the asset where Smart money will keep on flowing for most part of 2021. (Sovereign Gold Bonds is one good option if you are looking to invest in Gold in India, and best place to buy SGB is in open market using demat account like zerodha as the prices there are usually lower than current market price).

Real Estate – Now this is something I am totally unsure of, while Commercial real estate looks to be in decline, residentials and real estate in general may see some positive growth in 2021. I am expecting more growth in tier 2 & 3 cities compared to tier 1 in India.

NoteWhile above is my Outlook for 2021, By No Means I am here to encourage or influence you to make your Investment. Always do your own due diligence before Investing.

Read More here –

Thank you for reading. I wish you loads of Happiness, Health & Wealth in 2021. Happy New Year!

Is Bitcoin party over?

Hello Riters, Buckle-up your seat belts, today we are going on a Crypto Ride down that hill.

We will discuss the thing that Bankers hate – ‘Cryptocurrencies’!, What is it?, How can they be bought? Issues, types, the likely Future and finally about a coin of Shiba Inu dog. So lets dive in.

To understand Crypto let us first understand the Story of Money.

Human evolved and adopted Barter system naturally where in one can exchange their good for others goods (for example – 10 sheep for 1 cow). With time Barter evolved into a system of using Metals like Gold, Silver to trade easily even across International Borders. Later it evolved with time into Currency System, paper money whose value is symbolic but trusted and agreed upon.

Currency is a form of payment,

it is something (usually paper and coins) you exchange for goods & services. The conventional currency relies on network of mints, central banks and governments. Currently every transaction around the world involves exchange of currency of some kind. And the piece of paper, ‘fiat currency’ you have holds value because your government says so. if you take a note and read it you will see “I PROMISE TO PAY THE BEARER THE SUM OF XXXX RUPEES” written on it, that said its a promise by the Bank backed by the Central Government that the note holds XXXX Value.

Indian Currency

What is Cryptocurrency?

Cryptocurrency is a digital or virtual currency secured by Cryptography (a method of protecting the information).

The Underlying Technology

Underneath Cryptocurrency is a technology whose aim is to make it possible for two individuals to send and receive payment without revealing their identities and maintaining security of transaction with no involvement of a third party.

Blockchain is a major technology behind Cryptocurrencies (except a few like IOTA – a currency built on Tangle, read more here) Blockchain is essentially a list of blocks connected together and secured using Cryptography. Each Block stores data (transaction), a unique hash (mathematical code to identify the block), and the previous block hash. Blockchain can be thought of as a distributed public ledger with all transactional data.

A Blockchain

Attributes of Blockchain

  1. Immutable – Blockchain can’t be modified. Every time the data is modified the hash associated with the block is recalculated, and since every block contains the hash of previous block it causes the following blocks to become invalid making it obvious that the data is modified (here computational power is the limit, as long as you don’t have enough computational power to recalculate all the hashes).
  2. Consensus – Blockchain uses a peer-to-peer network, allowing peer to peer interactions. Each participant in the peer-to-peer network is known as node. And each time someone adds a block to the blockchain, that block is sent to every node and is verified by every node to establish consensus (to read more refer).
  3. Decentralized & Distributed Structure – Block chain is decentralized meaning the information is distributed to everyone on the network. Each peer has a copy of blockchain but no one can manipulate it.  

How is a Cryptocurrency like Bitcoin issued?

Currencies like Dollar & Rupee are issued by Central Banks, backed by government. The central bank more or less can issue new units of currency anytime they think so. With Bitcoin this is not the case (for those of you who don’t know Bitcoin is the first and most prominent cryptocurrency), Bitcoin is usually mined with the help of specialized computers in warehouses, which work to solve a cryptographic puzzle. Mining is not just about creating new money but also validating transaction. With Bitcoin miners are awarded new bitcoins every 10 minutes. The issuance rate is set, so miners cannot create bitcoins out of thin air by cheating the system. Miners have to use tools i.e. their computing power to generate the new coins. Imagine it like the Gold, instead of mining physically they are mined digitally.

Warehouse of Specialized Computers

Crypto vs Fiat

With Fiat Money the very nature of the system is its flaw, the ability of Central Bank and Government to be able to manipulate its value by changing the supply & demand, and causing inflation / deflation. Since the system is Centralized not everybody has a say in it. That is where Cryptocurrency (Crypto) comes into picture. Cryptocurrencies challenge the orthodoxy of Fiat Currency. Cryptocurrency is decentralized, distributed, and works in a peer-to-peer network which is difficult to cheat and manipulate.

Types of Crypto and differences

  • Bitcoin (BTC) – Launched in 2008, The gold standard within the Cryptocurrency space. It is the first and most prominent cryptocurrency. It has a coin limit of 21 million and uses ‘SHA-256’ algorithm for hashing.
  • Litecoin (LTC)- Launched in 2011, It is referred to as Silver standard and is believed to feature faster transaction times. Litecoin like other currencies is an open source, global payment network that is completely decentralized. It has a coin limit of 84 million and uses ‘scrypt’ algorithm as proof of work.
  • Ether (ETH)- Ether is the cryptocurrency built on top of the open source Ethereum blockchain, which runs smart contracts. Launched in 2015, it is currently the second-largest digital currency by market cap, 1/10 the size of bitcoin. Ether supply is not capped like Bitcoin and its supply schedule is determined by members of Ethereum community. 
  • Ripple (XRP)– Launched in 2012, it enables banks to settle cross-border payments in real time, offering instant low cost international payment with end-to-end transparency. Ripple doesn’t require mining like Bitcoin reducing the usage of computation power & minimizing network latency. All of Ripple Tokens are pre-mined before launch, only the introduction & removal of XRP from the market supply happens according to the network’s guideline.
  • Bitcoin Cash (BCH)– Introduced in August 2017, as fork of Bitcoin Classic. It is created for the purpose of bigger transaction blocks of ~8MB compared to original Bitcoin block size of ~1MB. Advantage? Faster processing speed for the users.
  • IOTA (MIOTA)– A cryptocurrency without blockchain Instead of a blockchain, IOTA uses “tangle,” which is based on a mathematical concept called a directed acyclic graph, as it is a cheaper alternative compared to blockchain. It is referred to as the Oil Tanker in the Cryptocurrency world, to read more click here.
  • Dash – Dash whose name comes from Digital cash, launched in Jan, 2014 as a fork of Litecoin. The cool thing about Dash is it keeps 10% of its mining profits to upgrade its own network in a democratic voting process, which means it can literally fund it’s operations without being bought by corporate interest. Read more here.
  • ZCash (ZEC) – Unlike Bitcoin which is Pseudonymous, Zcash is a decentralized cryptocurrency focused on anonymity & privacy. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about the transactions. Read more here.
  • Monero (XMR) –  In Cryptos like Bitcoin because blockchains are transparent It’s easy to trace payments back to their original source. Here comes XMR, designed to obscure senders and recipients through the use of something called ring signatures. Read more about Monero here.

Above are some major Cryptocurrencies, the number of Cryptocurrencies available today is 1000+ with a overall value close to ~$250 Billion. Check out more here.

Promise of Crypto

Cryptocurrency is currently in its infancy and early adoption phase, nevertheless crypto has potential to revolutionize the FinTech space. The Banking system is old, and nothing much has changed since its inception. Cryptocurrency can help change the face of banking, it can take the power from a few elite and distribute it back to many. Also the technology behind Cryptocurrency has far reaching potential in Finance & other fields, It can help transform the payment ecosystem making it more secure, efficient and affordable. An interesting read on the applications of Cryptocurrency is the article here.   

How to purchase?

Now in case you are wondering where and how to buy/invest in Cryptocurrency then Binance, Coinbase, Huobi Global, Zebpay (available in India), WazirX (available in India) are a few exchanges where you can change your Money for Crypto (Disclaimer – do your own due diligence before investing).

Based on your country some may or may not be available to you. To read more on how to buy Cryptocurrency in India, you may like to read the article here.

Source: Google

Issues with Cryptocurrency

As the saying goes ‘All that glitters is not Gold’, the Cryptocurrency also has its drawbacks. Let us understand some of these –

  1. Volatility – Cryptocurrencies are very volatile and the price may fluctuate a lot in few hours. For example in just 2 weeks in December 2017, Bitcoin lost 25% of its value.  
  2. As a method of Payment– Cryptocurrency still lack the infrastructure and mechanism to be viable for acceptance in exchange of goods and services. Couple this with world price fluctuations, it becomes almost impractical to use.
  3. Difficult to Understand – The underlying technology behind Bitcoin that makes it secure also makes it difficult to understand for a non-techie, making it confusing and less widely accepted for the consumers.
  4. Easy to be used as means of illegal trades – The fact that Cryptocurrency is not fully legal or regularized everywhere it becomes an easy tool for people performing illegal trades like sex offenders, drug dealers etc. According to a data, around $70 Billion in Bitcoin are spend in illegal activities.
  5. Storage Security – Yes, the very thing that make Cryptocurrency safe can be a problem for the user. A Cryptocurrency is stored in a digital wallet and if a user forgets his wallet password, it is near impossible to recover the lost data due to strict integration and encrypted blockchain.

Opinion AlertAll said, given the potential of Cryptocurrency for future it seems like fair but a riskier investment to make. You should not hold more than 10% of your wealth in digital asset like Cryptocurrency and use it as a hedge against our own Economy, Govt., Policies and Fiat paper money that can cause Inflation and decrease its value. Also other thing to note is diversification, a little bit of diversification can help you prevent the unsystematic risk and volatility thereof in Crypto world. (you can ignore this section, as it is just an Opinion).

Fun Fact – Dogecoin (DOGE) emerged in December, 2013 as a joke to satirize the growth of Altcoins via meme. It has immensely grown in popularity since and is now among top 25 Crypto assets. It is a derivative of LuckyCoin which is forged from Litecoin (LTC) and uses Scrypt Algorithm. It can be considered as a penny stock of Crypto world, currently valued at $0.0031 i.e. ~20 paisa in Indian Currency.

Thank you for reading, let us know in comments below what is your favorite Cryptocurrency. #KeepLearning

Hustle on the Side

Lost Job, Shit happened, now what?

No worries. Well yes you can’t buy Lamborghini or your favorite scarf at Gucci but definitely you can eat some Luchi (Indian Bread eaten with Chickpeas). Jokes apart, well lets discuss how to keep your cash flowing to get that necessary food on your plate! Below are five side hustles that you can do to keep some extra cash flowing that can act as an add-on to your Primary Income source or can be a savior in case you have been a victim of the Crisis like Covid. These Side hustles can earn you anywhere from $500 to $2000 a month with little effort. So without further adieu let’s dive in.

1. Online Store Dropship that scarf, or retail that shirt; whatever you choose selling items online can be a good source of Income. And with this pandemic pushing more & more people online with contact-less door to door delivery, your store can be the next big thing. So get your domain and hit that Shopify to keep the customers rolling. Now, if you are wondering you can’t get your supplies from China and hence can’t make that extra buck dropshipping, don’t be dishearten check out ever green platforms like Amazon and use it to your advantage. To read more about how to sell online click here.

2. Freelancing Web designing, writing, photography, digital marketing, online tutor you name it, anything that can be done digitally can be done through freelancing. For starters you can check out platforms like ‘Fiver‘ or ‘Upwork‘ and once you have a belt of projects completed under you, you may like to showcase the same through a personal website. If you serve your client well you may very well turn your hobby into a full blown Business. All you need to start freelancing is to master a skill, and that is where you can

3. Blogging or Vlogging, Social Media – Be a Influencer, teach something, or just crack jokes, Social Media is platform for all, provided you are ready to put in the required effort. To put the numbers in perspective those with 100,000 followers can earn around $700 per photo in Instagram. And in Youtube with 20,000 views you can earn around $100. Affiliate Marketing, Sponsors, Ads, and selling products are some ways to earn through Social Media. But remember you personal brand won’t be build overnight you will need to understand the system and leverage it to your advantage. To know more on how you can crush it on Social Media platform, there is a great book ‘Crush It’ by Gary Vaynerchuk (a Belarusian-American entrepreneur, New York Times bestselling author, speaker, and Internet personality)

Garyvee says

4. Dividends – If you invest in right stocks, you can have the regular payments added to your account quarterly/annually. There are companies that pay a part of their profit at regular intervals back to the Investors, for owning their stock. All you need to do is open a account with brokerage like Zerodha and do your due diligence picking up the stocks. You can start with as little as 100 rupees.

5. Real estate A vacant land, or a building is referred to as Real Estate. Real estate investing is the purchase, ownership, management, rental or sale of real estate for profit. A way to start this is get a duplex, and rent either one or both the portions, using rent to pay off the mortgage payment.The loans also provide income tax benefits under Section 80C (up to Rs. 1.5 Lakh on the principal) and Section 24(b) (up to Rs. 2 Lakh on the interest paid).

Bonus content – ‘Flipping’ – you can flip anywhere from a book to a watch, you can even do something called ‘Domain Flipping’. A Canadian blogger Kyle MacDonald has even flipped red paper clip for a house, doing a series of 14 trades online. You can also use eBay or Amazon to flip. Refer this link here to know more on how to flip items on eBay. Flipping items is all about art of selling, master it and you will never sleep hungry anytime.

Don’t forget Successful businesses can also start out as side hustles.

Thank you for reading 🙂

The Rich Way

7 Things that Rich do different than Poor. Welcome on-board, lets help you put that extra buck in your pocket.

  • Passive Income – Rich earn even in their sleep. Yes, they have a source of Income that puts Money constantly into their pocket even when they are not working. Passive Income of 1000 INR is worth more than 10,000 INR, how?, just imagine the time saved and the freedom gained. After all wealth is for ones Financial Freedom. One source of passive Income is by buying stocks that pays you dividends regularly (after every quarter or so). You can start with a small investment, all you need to do is open a Demat account with a brokerage like Zerodha and take it from there (check out our blog post on how to avoid investment mistake before investing, also follow this space for more tips and tricks)

  • Keeping money is harder than making – Money management is not easy. The expenditure for majority of people grow proportionally with their Income. This is also the reason why almost all lottery winners end up spending what they have won. The urge to spend the money to show Rich than to be Rich is strong. Rich definitely know better Money Management than Poor. Once you made your first crore to make the second all you need to do is replicate. But how to save & invest and let your Money grow on its own is not something majority understands.

  • Focus on Increasing income not cutting the cost – Yes, you heard it right. Rich don’t try cut the cost in small things. Majority will walk an extra mile saving cost rather than focusing on earning more. Instead of cutting cost every now & than, we urge you to first think like Minority and Increase your Income, so that you can afford all the nice things in your life. How?, May be learn a new skill that pays you more, or do some side hustle that help put some extra cash in your pocket.

  • Over 50% of Rich earnings go to investments – Yes, Invest like crazy! If you want to be wealthy, you need to have a tight grasp on your savings & investments. You need to be able to park enough money (the more the better) in different assets. You may diversify your portfolio in assets like Gold, Real Estate and Stocks. If you want some quick tips on Investment do check out our very first blog here. Almost all wealthy people and brands invest more than 50% of their earnings. If you are beginner and don’t know where to start you may like to read our blog post here. To start Investing in Stock Market, you can open a demat account here.

  • Don’t borrow Money if it is not to make Money – This rule applies strictly for the elites. Rich don’t borrow unless the money helps them make more Money. They won’t pay bank the interest unless they make their cut. By borrowing money like majority to finance your new house or buy a new car your making the Bank & Bankers wealthy while putting yourself in debt. Debt not taken for the assets that put Money in your pocket is useless. So think whom you want to make rich, yourself? or them?

  • Multiple Streams of Income – To be wealthy you definitely need to have the money flowing in through multiple ways. A side hustle, a full time Business or job, a passive source of Income; you need to work hard to at least grow the 3 sources of Income. Multiple Source of Income also keeps you portfolio hedge against a Crisis. You are less likely to be victim of a Crisis, and more likely to be at peace. An Online side hustle, free lancing etc may come handy.

  • Invest in self – Investing in self is one of the most underrated advice. Ever wondered why Successful people read more than an average person?, the answer is simple your knowledge = future returns, the more skills you know the greater the opportunity to multiply your Money. This is the same reason why a Businessman earns more than an employee, they have figured out a solution, they know the full breadth of the System and not just a single piece of the puzzle like the employee who may be specialized on a single task. So learn a new skill, or grab a book, even better listen to two free books of your choice here at Audible.

Lastly but not the least, if you want to know more definitely check out this video by Alux.com. This article is inspired by the same. While the opinion above is completely ours, the primary source nevertheless remains this video.

Thank you for reading. Do follow us for more. Together lets be Financially Free.

Covid happened, what does it mean for Personal Finance?

Spend less, Save more and hope for the best. Well, yes but not exactly. Covid has left many Businesses and firms bankrupt, leaving millions of employees jobless.  News of Recession and Economic downturn is all around. And no one knows, how long the Economy is going to take to recover or will it even further go down! While we agree its a tough time, nevertheless every tough situation has some thing important to teach us.

One thing Covid teaches us is the Importance of Emergency Fund. It echoes clearly that Emergency Fund is a must. So What is Emergency Fund?, Why everyone should have it?, and How?.

What is Emergency Fund?

As the name suggest it’s a fund set aside only to be used in an Emergency. So can you use it to buy the next new iPhone?, or that fancy Car down the road? The answer is obviously not! It’s the amount only to be used when you have no other source of Income coming in. When you can’t manage your expenses, and is being laid off or became victim of a crisis like Covid.

Why everyone should have it?

Yes, you heard it correct. Not just Individuals, even a Business needs to have some sort of Emergency fund to safeguard its employees and help the Business survive the Crisis by being able to pay off all the basic minimum expenditure. That is not to say, Business shouldn’t look for alternative or cut costs. A healthy Business is the one who is capable of doing it all. Surviving a Crisis is not easy especially if you are operating in a sector that is being hit hard (for example – ‘Theatres’, ‘Cinema Halls’, ‘Gyms’ and ‘Restaurants’ in current Covid19), but having the reserve cash set aside to meet the basic minimum of your operational cost and other expenditures for a period of 3 to 6 months gives you enough time to think with clarity and plan for better handling of Crisis or even turn it into an Opportunity.

For Individuals ‘especially’ keeping aside the Cash can keep their Stress at check, and help them be better prepared to cope with Crisis. Emergency fund won’t  give you a lavish lifestyle or won’t guarantee you funding for the period till the Crisis resolve, you will still have to think of alternative, but it will give you enough Mental Peace to be able to focus on the next steps.

How to have it?

Now that we have established the importance of Emergency fund/Reserved cash for Crisis, you may be wondering how can one have it? Well the answer is pretty obvious Save 3 to 6 months of personal expenditure in a separate account that you can’t touch unless until its an Emergency! Yes, there is no secret sauce to it. You need to, you must Save, Save before you Spend, Save before you Invest, In fact don’t start Investing unless you have the Emergency Fund setup. After all Money is a tool and if it can’t get you peace, it is useless.

All the fancy items can be bought back later, first you need to live below your means and get the Fund setup. It is an essential first step towards your Financial Freedom. And if you already spend more than you earn than by all means either Earn more or Spend less!

Thanks you for Reading. For more such Financial Tips, follow riteFinance. Happy Saving