Key Investment Ideas for middle class folks

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Well, this is year end and we are in December, which happens to be the last month of the year. After this month, we have a fresh new year and new month of the new year starting.

We can do lot of things, before we start the new year. I would mostly talk about better investing here...Some key points to remember while you invest are -

(i) If you are young, single and started earning, that is the best! You can do wonders in your finance side.

(ii) First priority is to close or reduce all your debts. If you have increased your credit card bills, just try to close them as soon as possible. It is waste to pay interest for credit cards. Try to avoid them.

(iii) If you are an important person in the family and an indispensable bread-winner, be sure to have an insurance. It is the important stuff. Many ignore this, but it is highly important.

(iv) Couple of options for investing -

(a) Mutual Funds
(b) NSC, KVP and other post office schemes and small savings schemes
(c) LIC insurances such as Jeevan Shree, Jeevan Anand etc.,
(d) Real Estate
(e) Stocks and Shares
(f) Provident Fund
(g) Little Donations!!

HAPPY INVESTING and BECOMING WEALTHY!!

thank you

Source: Madurai Money