your Must do these things before you start Investing


1- Emergency Fund:
An emergency fund is a financial safety net consisting of a designated amount of money set aside to cover unexpected expenses or financial emergencies. Its primary purpose is to provide you with a financial cushion to handle unexpected events without having to resort to high-interest loans, credit cards, or depleting your savings meant for other long-term goals.

2- Term Insurance:

Term insurance, also known as term life insurance, is a type of life insurance policy that provides coverage for a specified period, known as the "term." Unlike whole life or permanent insurance, which can provide coverage for the entire lifetime of the insured person, term insurance is designed to provide coverage for a predetermined period, typically ranging from 10 to 30 years. If the insured person passes away during the term of the policy, the insurance company pays a death benefit to the beneficiary.

3- Medical Insurance

Medical insurance, often referred to as health insurance, is a type of insurance coverage that helps individuals or groups of people manage the costs associated with medical and healthcare expenses. It provides financial protection by covering a portion of the costs related to medical services, including doctor visits, hospital stays, prescription medications, preventive care, and various medical treatments. Medical insurance can be provided by private insurance companies, government programs, or employers.

4. Focus on learning

First you should learn what is investing, SIP, equity, debt, bonds etc. and then start investing

5. Start your investement journey with SIP:

Start small with SIP investment and let your money grow until you become pro in stock market.

Disclaimer: The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.

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