calculator and notepad placed over stack of usa dollars

start with an emergency fund – it should be in a safe place – like a bank account – even if it is not earning much interest , it is ok .. the emergency fund should be the equivalent of at least six months of your fixed expenses

save a fixed amount every month – transfer the money as soon as it comes in every month – before spending

have health , disability and life insurance in case you are hospitalized , get a disability or die prematurely

open a brokerage account ( for the stock market ) and start a SIP (systematic investment plan ) every month – contribute a fixed amount every month from your salary / business income before you start spending

stay invested in the market – don’t jump out when the market is down , don’t try to buy more when the market is at a high – keep averaging out your returns

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