Top 10 Rules-1. Arrange all debts from high interest rate to low interest rate and try to finish in same order.2. Number of credit cards should be cut down to 1-2. 3. Try to establish Emergency Fund which should contain atleast 6 months of salary. (Max you can keep 12 months of salary in this fund)4. Take term insurance plan as soon as possible. It would be costlier if you purchase it later.5. Buy health insurance cover for family members.

Personal Finance

6. Try to purchase car in cash. This cash must be saved by putting some amount monthly. Go for second hand car. 7. Follow 50, 30, 20 rule. 50% of salary should be spent on needs. 30% on wants and 20% strictly go to savings. 8. Purchase 1 index fund, 1 large+ midcap fund and 1 flexi cap fund for optimum growth. 9. Purchase SGB gold bonds. It would balance your portfolio. 10. Upscale in order to increase your active income. If you want to read more such points please support by sharing.

Top 10 money habits everyone should inculcate in order to develop financial discipline.

A strategy for changing attitudes about personal finances covers such topics as getting out of debt, the dangers of cash advances and keeping spending within income limits.

moneyandinvestments

Money & Investments

habits

Habits

books

Books

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Kaushal Jain's Key Ideas from The Total Money Makeover
by Dave Ramsey

Personal Finance

Personal Finance

Kaushal Jain's ideas are part of this journey:

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Kaushal Jain's Key Ideas from The Total Money Makeoverby Dave Ramsey

Personal Finance

Personal Finance

Kaushal Jain's ideas are part of this journey:

Related collections

Different Perspectives Curated by Others from The Total Money Makeover

Discover Key Ideas from Books on Similar Topics

Kaushal Jain's Key Ideas from The Total Money Makeover
by Dave Ramsey