TomorrowMakers

How I started with small investments and created a corpus
Jerry Thomas
Corporate Executive

Till the beginning of last February, I always believed that one could only create wealth if one already had a lot of money to invest. Therefore I didn’t believe in starting with small savings and would instead be always on the look-out for a big-ticket opportunity that could change my life.

I would end up spending 40% of my salary on household savings and the remaining would be spent on whatever else I wished to purchase. The best of clothes, travelling first class to exotic destinations, treating my friends, purchasing gifts for my family members – you name it and I would have done it all.

However, in February 2018, I was fired as my company was downsizing. Thankfully I got another job within a few weeks, but during the time I was unemployed, it struck me that I hardly have savings. I was just living life from one pay cheque to another. Fortunately, I didn’t have too many responsibilities otherwise the stress of dealing with those would have been tremendous.

Therefore I decided to start educating myself about financial planning. I realised the importance of an emergency corpus and have started saving up for it since I started with my new job. Presently I have already saved Rs 72,000 and am looking forward to learning more about personal finance.

How I did it

Vivek
Corporate Executive

Invest wisely and invest early, to make sure that you live tension free in your later life. I am working towards it, or at least that’s what I hope. I managed to save a small portion of my earning even when I was earning very little like an early jobber. I still have those low-risk… Read more

Biplob
Scientist

Credit cards are your friend, but only if you use them wisely. If you start spending over and above your means, you fall into the dreaded credit trap, where you earn only to pay off your previous month’s dues. And end up using credit to meet the current month’s expenses. I am reasonably… Read more

Rohan
Sales Manager

As a newly married person, I wanted only the best for my household. So when we started getting our new life decorated with things that every household requires, we splashed the cash generously. This was over and above the lavish wedding that we had spent for earlier on. Most of it was our own… Read more

Jayanta
Financial Specialist

I had started working four years ago. I would like to believe that I am still in that age bracket where people earn to spend and not necessarily save. However, there have been occasions where I have genuinely regretted spending on something and often pondered what would have become of the money… Read more