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What are the some mistakes Indians need to correct to rebuild their financial lives?
Financial planning review for building a healthy financial background by Indians.
Milton
There are many issues in an Indian’s life that needs to be reviewed patiently. We are not Credit card friendly. We start spending money through credit cards without even giving a thought of ways of repayment of the amount.
We buy a house with a home loan from the bank. We then have the liability of the loan for a long twenty to thirty years. We buy cars and expensive gadgets, without giving much thought about their real value utility. We ruin our health by not exercising and eating junk food and then spend big money repairing it.
In nutshell, we are not yet properly trained in managing our finances. We do not plan our investments right and on time. We do not have restraints on our expenses. We are not conscious about what needs to be done by us to have a solid financial life.