Many Indians lack enough knowledge about investing, blame dearth of financial education3 min read . Updated: 15 Aug 2019, 11:33 AM IST
- Initiate financial planning based on your earnings. Start by earmarking 20% of your earnings towards savings
- Know your cash flow by simply being aware of your monthly expenses and how much cash you are left with at the end of the month
While the concept of financial freedom seems to resonate well with Indians, most of them are unsure about how they can achieve it. A recent survey by Scripbox, an online mutual funds platform, found that 72% Indians are unaware of how much to put aside or invest in order to achieve financial freedom. A majority, 76%, agreed that there’s a need for more education in the financial planning space.The company surveyed 2,000 individuals across major cities between 26 and 45 years of age.
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