Write down your expenses in detail. Every day. For at least a | FitRichSane

Write down your expenses in detail. Every day. For at least a few months. This will be your greatest asset when you start planning your investments and your retirement. You'll find that your actual expenses are very different from where you think you invest.

Till you do that, your questions will be limited to:
“Please suggest some good investments.” “Which mutual fund schemes should one buy this
year?” “Which is the best investment?” “Should I invest in stocks or real estate?” “What is your view of the stock market?”


We keep talking about the investments, without even discussing the investor. Do you think your investment needs are the same as that of your neighbors? Of your relatives who still live in your hometown? Same as the investment needs of your cousin who moved to USA?


If an investment advisor wants to take a fee and recommends something without asking about your current situation, run away as fast as you can