How to have a financially balanced life?

Having a financially balanced life may seem more difficult these days due to inflation and the living cost having gone northwards. However everybody wants a peaceful balanced life. We can follow the below technique towards achieving that.

We ought to save around 40% of our total income towards achieving a financially balanced life.

For example, if a person earns 1 lakh per month below is the breakup.,

5% of savings towards health insurance                 - Rs. 5000  per month
5% of savings towards life   insurance                 - Rs. 5000  per month
5% of savings towards mutual funds                     - Rs. 5000  per month
5% of savings towards stock markets                   - Rs. 5000  per month
5% of savings towards GOLD                             - Rs. 5000  per month
5% of savings towards Bank Fixed Deposits     - Rs. 5000  per month
10% of savings towards Real Estate/Housing Loans  - Rs. 10000 per month

Around Rs. 40000 should be saved towards having a balanced and carefree life.

Real Estate and Gold might yield huge returns in a span of 10 years.
Stock Markets and Mutual funds might return considerably high returns in a span of 5 years.
Fixed deposits may return 6-7% yield in a span of 5 years.
Life and Health insurances are must.

For more details on LIC, Health insurance please contact lic_rangarao@yahoo.co.in or 9382266866 (Chennai Customers).
Location: Mudichur Rd, Tamil Nadu, India

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