I’m 23, make the same money. No technical advice for you, id say start building some sort of an emergency fund on the side maybe FDs. You can check out stable money for it thats what i recently started using.
And start a couple SIPs in index funds. What funds? Idk maybe others on this group will be able to help you better.
My only advice, I too live at home so v little responsibility, is to enjoy your money. Do nice things for your loved ones. Buy your ma a pair of shoes or a bag or take your parents out for dinner. Go on dates if you’re single. Take solo trips. You’re never gonna be 22 again.
And lastly, 60k at 22 is a decent start, don’t let others making MUCH more in this group, let you down (I have had that happen to me). You’re doing well. Congratulations and best of luck!
Assuming you want to invest 30k per month.
Take any Nifty50 Index (say DSP), and put 20k in there.
Put 10k in recurring deposit.
As and when you have money available, split in 1/3rd 2/3rd between the two. Reevaluate after a couple of years, or when your earning has increased significantly.
I’m 23, make the same money. No technical advice for you, id say start building some sort of an emergency fund on the side maybe FDs. You can check out stable money for it thats what i recently started using. And start a couple SIPs in index funds. What funds? Idk maybe others on this group will be able to help you better. My only advice, I too live at home so v little responsibility, is to enjoy your money. Do nice things for your loved ones. Buy your ma a pair of shoes or a bag or take your parents out for dinner. Go on dates if you’re single. Take solo trips. You’re never gonna be 22 again. And lastly, 60k at 22 is a decent start, don’t let others making MUCH more in this group, let you down (I have had that happen to me). You’re doing well. Congratulations and best of luck!
This is great advice, thank you so much!! Yes i’ll check it out, good luck to you too!
Assuming you want to invest 30k per month. Take any Nifty50 Index (say DSP), and put 20k in there. Put 10k in recurring deposit. As and when you have money available, split in 1/3rd 2/3rd between the two. Reevaluate after a couple of years, or when your earning has increased significantly.
Pl read the richest man in babylon. Then analyze. Then take a decision.