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5 Smart Financial Habits You Should Have

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5 Smart Financial Habits You Should Have
5 Smart Financial Habits You Should Have
1. Start Investing Early It is not uncommon to see people putting off the decision to save and invest for later years—when they earn more money, or when they have spare money after taking care of their commitments, or, when they know what they need the money for. That’s not the best strategy, though. Financial commitments and responsibilities only go up with time and increasing salary. So, you will never have extra to spare, unless you have the will to do so. Moreover, even if you don’t have any familial goals, retirement is a reality, no matter how far it seems. In fact, the earlier you start investing, the better it is, even if it is a small amount. That’s because the power of compounding shows its magic only with time. “When people start out in their jobs, the investible money is less, but time is their best friend. So, it is advisable to invest whatever surplus amount young earners have. As they get salary increments and better jobs, they should increase their committed investments,” says Bhuvanaa Shreeram, a certified financial planner and...
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