Whenever you are going to invest or going to start investing, you should follow a particular order to make things simpler for you. To understand your investment plan.
1. Check your financial planning.
- Most important to check this point to see the expenses and income ratio.
- You should cover all your basic and term insurances (health, term, etc).
- Basic of the family educational goal of your kid’s.
- Goals should be linked to your financial different instruments. Also keep sinking fund in the liquid fund, emergency fund, etc. to back up in emergencies in life.
In all this, the person guiding you is your financial planner.
Have a right and expert financial planner, who has experience and advising people for a longer period/time. That would help you in many ways to take the right decision. You will be getting a very clear idea of what you are doing and where the money is been invested.
You will be ready when you buy the property with EMI’s , when you are going to pay your property tax and different taxes, you pay while buying property.
So there would not be all of a sudden expenses build upon you.