Can you give one suggestion to improve someone financial life ?

POSTED BY Jagoinvestor ON December 30, 2013 1:16 pm COMMENTS (5)

Hi All

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 ?

Manish

5 replies on this article “Can you give one suggestion to improve someone financial life ?”

  1. Basavareddy says:

    Hi Manish.

    I am doing such things in this forum. I am sharing & suggesting based on the knowledge aquired by workshops, your books & forum of jagoinvestor.

    Thanks,

    Basavareddy.

  2. vksnathan says:

    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.

    Senthil

  3. rahul123 says:

    Hi Manish,

    i would suggest to write down everything on paper, cash inflow/outflow and goals. It’s better than mental accounting and calculation.

    Thanks,
    Rahul

  4. Ashish Garg says:

    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.

    Ashish Garg

  5. ashalanshu says:

    Read at least 30 min daily, various blogs like Jagoinvestor, over internet to improve one’s own financial life.

    Thanks

    Ashal

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