What financial gifts you should be giving yourself before turning 30
Individuals are always taught to give more importance to their family more than themselves. Not stating that it is a wrong ideology, but simply claiming that both demand and deserve the equal quantum of attention. Even if you are not able to treat yourself materialistically, here are a few financial treats to grab that your future self will thank you for!
Mutual funds
Mutual funds are one of the most popular investment avenues of the modern times. As mutual funds are categorized based on various aspects, there is something to perfectly befit the monetary goals of every individual. For instance, people with a long term investment goal of saving tax with reaping the benefit of capital appreciation can invest in DSP IM’s tax saver mutual fund. For investors who resort to an aggressive approach of investment demanding quick returns at high risk, equity funds are a pertinent option. People who have an XX amount to reach to before XX period, can use mutual fund return calculator to get a clear picture on how to go about the investment.
Insurance
Insurance is a multi-faceted investment option as it benefits both the insured and his dependents. Most life insurances come with both survival and death benefit, wherein the sum assured will be granted to the policy holder after the policy term expires and he is still heathy (survival/maturity benefit) or to the dependents in case of an unfortunate decease of the policy holder(death benefit.) In either of the cases, the premium paid towards life insurance will keep the policy holder free from future monetary insecurities.
Place you’d call home
The third and one of the most enduring and arduous financial gifts is real estate. If you have ever dreamt of living in a particular type of house, hunt for one and buy it. No second thoughts. Achieving what you dream fetches a feeling of accomplishment that indirectly affects your overall well being. None the less, in your absence, you would not like your family to hop from one place to another for shelter. Also, as real estate prices keep surging all the time, considering residential or commercial property as an investment option will certainly prove to be a fruitful choice.
Remember that you cannot take care of anyone if you do not take suffice care of yourself.













