2. Goal
If it’s this simple then how come everybody doesn’t do this…
“Income – Investing = Expense”
one must have a well defined goal to do this.
The first step in every investment is to have a goal, one must know for what they are investing.
For example:
Before starting a journey one must know the destination he is heading towards. It will help him to decide which mode of transport he need to take and how long the travelling time etc…
Similarly an investment goal gives clarity to the investor like how much to invest, how long to invest and most importantly in which asset class one needs to invest.
Does Knowing the goal is enough for an investment?
That we will discuss in our next session. Till then wish you all a happy investing.