Ankit's Post

💸 1. Spending – Budget like a Pro Follow the 50-30-20 Rule: → 50% Needs | 30% Wants | 20% Saving/Investing Use UPI, not cash, to track easily Keep a daily/weekly spending log – use apps like Money Manager or just Notion Avoid “just ₹200” syndrome – it adds up Before buying: Ask yourself, “Will I still want this tomorrow?” 💰 2. Saving – Start Early, Stay Consistent Start with whatever you can – even ₹500/month Make a separate account just for savings Build an emergency fund = 3–6 months of basic expenses (rent, food, travel) Use auto-transfer every month so you don’t skip saving 👉 Rule: Income – Savings = Expenses (Not the other way around) 📈 3. Investing – Don’t Wait to Get Rich to Start Start SIP in index mutual funds (like Nifty 50 or Sensex) – safe + compound power Apps: Groww, Zerodha Coin, Kuvera Stay away from: Crypto, Trading, Stock tips F&O or risky short-term investing > Start small. ₹500/month over 10–15 years = lakhs. 💦 4. Liquidity – Keep Money You Can Use Instantly Never invest 100% of your money Keep 10–20% liquid in: Savings account Liquid mutual funds UPI-ready wallet Don’t lock all money in FD, PPF, or long-term SIPs > Liquidity = freedom in emergencies. 🏦 5. Liabilities – Learn to Say NO Student loan = okay (if return > cost) Personal loan / EMIs for lifestyle = red flag No EMIs for phone, bike, or travel unless it's urgent and necessary Use credit cards only if you can repay in full on time – or skip it 👉 Rule: If it loses value and you’re paying interest = It’s a liability. 📊 6. Track & Plan – Be Your Own CFO Use a simple spreadsheet or app to: Track income, expenses, savings, and investments Review monthly Have short-term (1 year), mid-term (3–5 years), and long-term goals 🧠 7. Mindset – Real Wealth Is Quiet You don’t need to look rich, you need to be free ₹10K invested is better than ₹20K flexed Finance is not for rich people. It’s for people who want to stop being broke 🎯 Golden Rules to Remember: 50-30-20 Rule for budgeting Rule of 72 – 72 ÷ interest rate = years to double money Follow @aktsrma for more Save this reel 🌟 #Mbbs #FinanceForDoctors #explore #explorepage

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• @aktsrma

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This post was published on 11th June, 2025 by Ankit on his Instagram handle "@aktsrma (Ankit Sharma)". Ankit has total 12.8K followers on Instagram and has a total of 181 post. Ankit receives an average engagement rate of 47.53% per post on Instagram. This post has received 5 comments which are lower than the average comments that Ankit gets. Overall the engagement rate for this post was lower than the average for the profile. #FinanceForDoctors #Mbbs #explore #explorepage has been used frequently in this Post.