What things should consider on personal finance

What things should  consider on  personal  finance

Yes  this is a broad  topic you should have  consider.  There are  five topics .

1  Do not  invest your  all funds to  one Investment

In this i  am emphasizing that if  you have 100,000 us  Dollars.  Do  not pull all the  money in to stocks. If the n prices of  the stocks  went down , you will loose the  entire funds.  Divide  at  least 2.

1. Fixed deposits
2. Stocks

Fixed  deposits give  you very  little Return of  investment  compare to stocks. But  its  a  stable  investment.

2.Do  not spend money on unwated  things.

If you spend  money on  Unwanted things , After some time you just  have to  sell your wanted  things. i think you get  the whole idea.

3.Do not depend on single income source

This  is the main thing that ,  If your business  gone  down  ,  you ended up  with nothing. You have to  diversified the  portfolio. You can  get

Salary income
Stock Income
Fixed  deposit income
Freelance Income

Now i have  Salary income , Fixed  deposit  income,  Freelance income. so i am not worried about if any income  source get upset.

4.Take risk. When you have time take risk. If  you take risk thats a good opportunity. In human  life everybody need to  take  risk.