I have this question in my mind for some time now. I don’t know when is the right time to start saving and investing. I am sure many of us would have gone through such a phase at least once during the life time and many go through it daily like me. I always decide that I should invest and save up but land up in spending.

This is a very common behavior in young guys like me without any commitments. It is hard to save up or invest without any commitment or obligation. Generally I have noticed that guys give money to mom or dad to manage it for them and they are happy earning and asking parents for money when they require it. I am not against it but it is not a good sign moving forward.

The main issue is when to invest and save. I would say “Today” is the right answer. It is not a good reason to postpone your savings and investments. The fact remains that if you start early you will be in a safe position tomorrow. It is always a good habit to save up at least 25% of your income on monthly basis and invest 25% of income. This is not a standard rule or something it is just my thought. The rest 50% you can spend and enjoy life.

I know saving is lot of pain, to make saving interesting keep a goal like “Travel to Paris” and since you know it costs a hell lot, I am sure you can save it. Once the urge to fulfill your goal comes in you I am sure you will be able to save up easily and similarly for investing have a goal which has a meaning and a long term goal, why I prefer to have a long term goal is it is very natural to pull out of investment and I don’t want that to happen and that is the reason I suggest to have long term goal. Long term is close to 10 years and more. I would call that long term.

I have learnt couple of things in investment which I would be sharing in the coming few posts. Hope to see you then.

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