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Somosree Roy 190 Followers05 Dec

JNUite, reader, explorer and writer with economics backgroun

#personalfinance #financialfreedom #crypto #realestateinvest ...

What's your financial independence resolution this Thanksgiving season?

Well, we are still hovering in the mood of Thanksgiving and we are sure many of you have geared up on new changes in life.

Have you considered anything on financial independence front? With festivity spree being prominent in the air and whole lot of positivity around, time to set yourself up for some financial independence.

1. Take a journal this season and start right now

2. Mark your age and the journey starts from here

3. List down your current assets and liabilities

4. Start with savings of a fixed percentage of your income

5. Get atleast one Life insurance and Health insurance and get sorted

6. If you have no investments at all, stash away some part of your income into FD and/or Public Provident Fund. Even if the returns are not very lucrative as compared to MFs and stocks, they are stable and secured. You get guaranteed returns.

7. Next is to start with some risky, yet profitable investment ventures like Equities, SIP and Mutual Funds. This is only if you are up for it. Make sure you hire a professional to assist here or read up well about these before investing.

8. Do you not have much of assets, but yearn for these? start saving for it little by little from today and you will make great funds for car, property, jewellery or any of that sort soon.

9. Start with atleast one parallel stream of income – This is the most critical part of financial independence.


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Somosree Roy 190 Followers07 Dec

JNUite, reader, explorer and writer with economics backgroun

#personalfinance #financialfreedom #crypto #realestateinvest ...

Eyeing a small startup in 2023? Best time to start planning for business finance in December 2022

With Covid almost on the verge to spare us, we need to buckle up on a lot of impending planning, isn’t it? Ofcourse, not talking about you all who have been able to sail smooth through these last 2.5 years.

So, if you have had a startup plan which got deterred because of any possible reason, get going for it. Waiting will never help and one small action towards it will make the difference.

2023 will be the best time to launch considering economies and supporting business environments getting back to “normal”.

Fund raising will likely be conducive if you plan it in 2023 as Economic Times mention that 2022 has already been favorable. Those who planned in 2021 had a favorable experience this year.

As we just started with December 2022, this is the perfect time to do all the planning this month to be confident by the New Year’s Eve. Finance plays a major role when it comes to start-up and start listing down all that you possess and all that you need.

If self-financing is the option, make a crisp plan to put away the required finances as untouched and plan for all other expenses. If you are looking for investment, explore all the different kinds investors you can approach and their prerequisites.

Once you have that, its time to start making the business plan – the first step being a robust business model followed by MVP.

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