POSTED BY December 30, 2013 1:16 pm COMMENTS (5)ON
If someone asked you what is that one single most change they should bring in their financial life or one activity they should engage in , which can improve their financial life? What will it be ?
I am not taking about actions like “take insurance” or “start sip” . I am talking about things like “Start answering questions on Jagoinvestor forum and help others” . This kind of actions and activities I am talking about ?
Can you share this ?
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5 replies on this article “Can you give one suggestion to improve someone financial life ?”
I am doing such things in this forum. I am sharing & suggesting based on the knowledge aquired by workshops, your books & forum of jagoinvestor.
This was an idea of Subramanian from Subramoney.com.
I am planning to implement it from this year.I will jot down all the financial tasks executed by me ( Ipo,Stock Purchase,Mutual Fund subscription ) and the rationale behind the decision in an investment diary for future introspection.
i would suggest to write down everything on paper, cash inflow/outflow and goals. It’s better than mental accounting and calculation.
I would suggest to take a note of inflow and outflow of the income / funds and then see how the inflows can be increased (if possible) and outflows be controlled. Basically one has to control the finances as a first step to improve his financial life.
Read at least 30 min daily, various blogs like Jagoinvestor, over internet to improve one’s own financial life.