Samridhi Garg
Develop a detailed budget to track your income and expenses, ensuring you live within your means and allocate funds toward savings and investments.
Set aside three to six months' worth of living expenses in a high-yield savings account to cover unexpected financial emergencies.
Diversify your investments across various asset classes such as stocks, bonds, real estate, and mutual funds to build wealth and reduce risk.
Pay off high-interest debt as quickly as possible and avoid accumulating new debt by using credit responsibly.
Explore ways to boost your earnings through side hustles, freelance work, or investing in your education and skills to advance in your career.
Contribute regularly to retirement accounts like 401(k)s, IRAs, or other pension plans to ensure a comfortable and financially secure retirement.
Adopt a frugal lifestyle by cutting unnecessary expenses, prioritizing needs over wants, and making smart financial choices to save more and spend less.