Wellness Assessment Financial Wellness: Fill & Download for Free

Here we go!Open a PPF account and invest about 10% of your salary. You get tax break for 150000 INR under section 80C per annum.If you have a girl child open a SSY account and invest regularly. Like PPF, SSY also gives tax break for 150000 INR under section 80C.Get a term insurance for sum insured of atleast 10 times your annual income.Never go for any loans of any kind except home loan if unavoidable. Housing loan principal is having tax break under 80 C and interest is deductible from income upto 2lakhs Per annum.Get a health insurance preferably family floater kind.Start to make a plan to clear your outstanding dues in credit card, personal loan if you have any.Invest in mutual funds based on your duration of investment and risk appetite.Never trade in stock market without sufficient research and risk assessment.Do not go for endowment policies or ULIP.Build a emergency fund which can take care of your 6months expense including EMI’s you pay.Start an NPS account!With these steps I firmly believe you will have a blessed financial year 2020!Good luck!Please check my video on the same topic below

Late 20s are depressing because:The Aggression is gone.The College days are over.The Career is not looking promising.The Self Esteem is low due to constant comparison with those who're financially well off than you.Expectations, Setbacks, heartaches takes a toll on your life.Quarter Life Crisis for those who have a sharp growth and they feel lost and unmotivated because they're highly paid for doing what they don't enjoy anymore. What to do? Where to go?Marriage- Whether you like it or not, if you're an Indian...get used to listen to all the people who want to see you married. It can be a overwhelming experience when everything under the sun boils down to you getting jailed:PNo more carefree life- Taxes, Insurance, Investments..huh...You never realized that March is tough for salaried people. You start appreciating your Dad for managing things pretty well. You need to learn from him and feel bad for thinking that he was not able to do things properly.If you think that late 20s are depressing then feel comfortable with that state which is perfectly normal. This struggle going on in your mind will make you stronger to deal with bigger and tougher challenges waiting ahead for you.The depressing feelings are a crucial part of your life. They are the assessment exams you've to clear to do well in life. Even if you fail today, don't fail to learn from your mistakes. Do not fail in Life. You're powerful. Be Limitless. Grow from all sides. Work hard and overcome these hurdles. You'll learn that this depressing state was crucial for your life.It helps you come out of your shell. When you are uncomfortable, you are growing, you are learning and you're getting better with time.Help others when you get past the bridge which was too difficult for you to cross.

I lived in Fiji for 2 years where I worked as a financial controller for a timber mill and timber processing business that employed about 100 Fijians. Now while I witnessed people in Fiji who I assessed as poor by western standards, I soon realized that they did not hold to this same view themselves.See Fijian life is community life for both indigenous and Indian cultures. The community in Fiji looks after its own. For example, I didn’t see beggars or homeless people on the streets in Fiji like I see in western cultures. Everyone in Fiji has food, water, shelter and a sense of belonging … even for the poor. Sure on the Maslow Hierarchy of needs scale, the poor have little chance at self-esteem and self-actualization but they are totally satisfied with the first three levels.Anyway, with 83% of the Fijian land owned by these Fijian indigenous communities[1], from an assets point of view at least, they are not so poor. Even poor indigenous Fijians have the land to either cultivate for food or lease to others to generate cashflow for the community, with the benefits then shared by all.The Indian communities often lease this land from the indigenous Fijians and work hard in large family units to generate sufficient food to feed all members and to build houses as a community to provide shelter for all.From what I witnesses in the Fijian villages and in the homes of the Indian families, was that life in Fiji, even for the poor, is a happy life. So I’m not surprised by the results of a Global happiness survey in 2015[2] taken from 65 countries that showed Fijians were the world's most content people, with 93 per cent of respondents saying that they were either happy or very happy.With so many people in my country of Australia being financially well off yet feeling unhappy and very unhappy … maybe we need to redefine what it means to be poor!Footnotes[1] http://www.townplanning.gov.fj/index.php/planning/planning-issues/land-tenure[2] Fiji leads global happiness ranking