To enjoy life, we need good health, enough wealth and enough time. The people go to doctors for their health, why don’t they go to financial planners for their wealth. Is wealth not so important? People can’t manage their health without doctors; similarly doctors can’t manage their wealth without financial planners. Some secret tips have been discussed here which will help for all doctors.
Know about inflation: The price of everything is increasing day by day and we can understand it in terms of inflation rate. It means suppose today the price of a pen is ₹ 100 and the current inflation rate is 7%, then you will have to pay ₹ 107 to purchase that pen after 1 year. The inflation rate in 2016 (Jan to Jun) has been between 6-7%. Before investment, we should remember 4 important thing Return should be more than the inflation rate: Your investment should beat inflation i.e. invest where…
