In this 2025, I will tell you 6 financial tips that everyone should follow. If you follow these tips, your financial situation will definitely change in 2025. If you want to know what those 6 financial tips are, read the article carefully till the end.
For example, in this 2025, set a financial goal. For example, in 5 years, I want to have my own house, not a rented house.
If you have set such a goal, what I would say is, take a drawing sheet, write clearly on it with a sketch. In 5 years, I want to have my own house. Place it in front of your bed.
You should be able to see it when you wake up. Your goal should be visible to you every day. If it is visible, you will definitely take a step towards it.
No one needs to motivate you. You have the same motivation. Your mind motivates you.
Do you understand? If we do not set such a goal, in 3 or 4 months, or even 1 year, you will invest well. Then, you will say, why did we save so much money? Wait, let us go on a trip. You will stop investing.
This is what many people do. If we know where to go, we will go in the right direction. If we do not know, we will go in the opposite direction.
Everything is a mindset. If you want to achieve something, you will definitely achieve it. If you cannot achieve it, if you think you cannot achieve it, you cannot achieve it.
For example, let us say a house is worth 1 crore rupees. So, 30% down payment should be our savings. That means, you have to down pay 30 lakhs in 5 years.
If you have to down pay 30 lakhs in 5 years, you will have to struggle a lot. So, whenever you set such a goal, your mind will guide you in the right direction. For example, the coming salary is less.
30 lakhs in 5 years is a big amount. How? Then your mind will say, Hey, you cannot save that much money with your salary. Create a second source of income.
Your mind will tell you. If I had time, I would watch crazy videos and reels on YouTube. Whenever you set such a goal, and link your savings to that goal, from then on, you will start watching videos like how to create a second source of income, how to save more money, how to invest in mutual funds.
You will start watching such videos. Because, you have set a goal, and you are stepping towards it. So, from then on, without your knowledge, you will create a second source of income.
You will learn how to create an extra source of income. Follow that. Create it.
Similarly, because you set a goal, you will reduce your expenses. By reducing, you will try to save more money. Similarly, in 5 years, 30 lakhs, 40 lakhs, should be in our hands.
So, that money should definitely grow. That means, our savings should definitely grow. So, for that, mutual funds, stock market, here and there, you will definitely invest.
I am telling you. You can do it. I am telling you in this article that you can do it.
Because, every mindset, if we think we can do it, we can easily do it. If we think we can’t do it, we can’t do it. If we think it is difficult, we can’t do it.
So, the first point is, set a proper financial goal. Keep that in your bedroom. Every day, look at it and step towards it.
Second point, choose a proper circle. Our circle is very important. Let me give you an example.
I and my friend, a friend in my village, we studied together. So, I scored less marks. He scored 2nd rank, 3rd rank, sometimes 1st rank.
He used to study well. So, I joined an intermediate in another college. He went to another village.
He went to his mother’s village. He joined an ITI in a college. So, he went to the classroom and sat next to people who he shouldn’t sit next to.
Bad classmates. I mean, they didn’t want to study. They came to pass time.
So, every day, they used to sit. So, what did they do? Hey, what are you going to college for? Come, let’s bunk. Let’s go to a movie.
Let’s smoke. Let’s sit in a room. They used to take him.
So, he went to college for 3-4 days. After that, the circle was bad. It wasn’t a good circle.
They didn’t have good intentions. So, they spoiled him too. Now, he didn’t get an ITI.
He just passed 10th. Till 10th, he was a brilliant student. After that, because of his circle, his life was ruined.
Did you understand? He was doing royal chariots in the village. That’s it. If the circle is good, our life will be good.
So, what I am saying is, if you want to have someone beside you, Hey, let’s invest in mutual funds. I have already invested so many lakhs. My money has changed this much.
You should also do it. You should have someone like that. If you want to have another friend, Hey, I don’t have a job leave.
I have a good business idea. Let’s start. If we don’t fight, our life should be set.
You should have a friend like that. Third friend, Hey, don’t eat junk food. Eat good food.
Look, I am hungry. Let’s go for a diet. Let’s go to the gym.
You should have someone like that. Fourth friend, Hey, why are you feeling low? This is just a chapter in life. What’s the use of losing it? Leave it.
There are many opportunities. You should have someone who motivates you. That’s it.
Hey, did you get a salary? Let’s party. What will you invest in mutual funds? It’s risky. Don’t invest.
You should enjoy the life you have. You should have someone like that. You should have someone who pulls you back.
You should have someone who leads you forward. You can think like that. Friends are important, right? Very important friends.
Yes, it’s important. Instead of having 100 such friends, it’s enough to have 3 or 4 good friends. His life is set.
Did you understand? So, in your life, in 2025, the people who pull you back, the people who demotivate you, whoever they are, cut them. It’s okay. Whoever it is, good or bad, do friendship with them.
Your life will definitely change. Did you understand? Third one. The third financial tip you should do is, follow a budget.
Did you understand? There is a rule in finance. 50-30-20 rule. So, as soon as you get income, it may be salary or business income, as soon as you get that income, you transfer 20% or 30% to another bank account.
Did you understand? As soon as you get income, transfer 20-30% of the amount to another bank account and invest it. Also, do auto-pay. Do mutual fund SIP.
Auto-pay. That means, from that bank account, without your premium, it should be deducted. For example, let’s say, salary is Rs.1,00,000. Even if it’s not that much, let’s assume.
Because, why I say more is, even if your salary is less, I should create an extra source of income. Such thoughts should come to you. I say more numbers.
For example, salary is Rs.30,000. How many opportunities are there to do part-time? You should assume. First, mindset. If we think, there are many opportunities.
Oh my God! What will I do? Delivery job or this job or that job? If you think like that, life will be like that. If you keep aside your ego, if you keep aside all these things, if you think that our life should be set, then all these things will look like a big job to you. Second source of income.
Say it proudly. Yes. I am earning hard.
I am doing a job. Salary is Rs.30,000. I am walking faster than the second source of income. Otherwise, I am doing a delivery partner job.
What is wrong? I am earning legally. Don’t ask me what is wrong. There is no wrong.
If it comes like that, there is no income. Salary, first source of income, second source of income. If everything is there, in that, 20 to 30 percent.
Do investment. Power of compounding. Take care of it later.
Now, you may feel that my words are something. Saying that he is shouting. After observing once, after 10 years, your returns.
You check it. You will find a very big amount. Then you will feel.
Why did Kaushik Karosh shout like this? Why did he say like this? You didn’t hear, right? Then, you will realize. Do you understand? Because, I was not born with a golden spoon. I came from a very small middle class family.
So, I am observing these things. I am observing the results. I didn’t achieve everything.
I didn’t achieve anything yet. In the process of achieving, I am going at the right time. I have built the right circle.
I have set the right goal. Every point I say, I am observing. Do you understand? For example, Salary, Rs.30,000. Out of Rs.30,000, 50% is Rs.15,000. So, whatever you need, you have to spend Rs.15,000 for that.
Don’t spend more than that. What are the needs? Rent, common, current bill, and water bill, gas, groceries, etc. You have to spend Rs.15,000 for that.
Fix it like that. You can ask. What are you saying? We can’t do it.
It will become Rs.10,000 just by going to D-Mart. It will be done. Yes, I agree.
Why will it be done? You don’t have planning. Yes. I will tell you.
Because, what should we do? Stay at home. Before going to D-Mart, all our family members should sit and prepare the list. What do you want? Just write that.
Sit and write. Whatever list you have prepared, take that list to D-Mart and buy whatever is there in that list. Many times, we go to D-Mart to shop for Rs.5000. But, we shop for Rs.7000 or Rs.8000. Why? Because, we don’t have a list.
We have to prepare everything. So, we buy everything. He will put an offer.
We don’t need it. But, we buy it because it is cheap. He will put a drink bottle.
He will put 1 plus 1 or 2 plus 1. What do we do? We don’t need a drink bottle. But, it is luxury. We put it because he put an offer.
We think the rest is money. But, we are spending without knowing it. He will put the first offer that he wants.
Did you understand? So, prepare the budget. Similarly, 30. After 30, wants.
There will be wishes. I have to go to the movies. It will be released now.
Game changer. It will be released. Go.
There is nothing wrong. Spend. Take your family out.
Your wife will come leaving everything. Take her out from time to time and show the world. You have a budget for that.
What is it? 30% of the coming salary. Did you understand? If the salary is Rs.30,000, if the salary is Rs.9,000. In Rs.30,000, 30% is Rs.9,000. In that Rs.9,000, fulfill all your wishes. Occasionally.
If you have the habit, it is okay. Once. Rarely.
Enjoy. The remaining 20%. 20% of the Rs.30,000 salary is Rs.6,000. Rs.6,000. Minimum.
Minimum. Invest. As you have observed, I told you in the coming salary.
I didn’t say what to do with the second source of income. So, this 20% means Rs.6,000 plus the second source of income that you have generated. Invest both of them.
Did you understand? So, that investment value will be visible to you after 10 years or 20 years. Did you understand? So, start now. Start from now.
The fourth financial tip is emergency fund. Many people don’t create an emergency fund. Even if you have this 2025, create an emergency fund.
Why is this? For example, we are doing a job. By mistake, due to some reason, we lost our job. We don’t have money.
We don’t have money because we don’t have salary. What do we do then? Because we don’t have money, did you see the money we worked hard to earn and invested? In mutual funds, in the stock market, we have to withdraw it. We shouldn’t do that.
Power of compounding will be lost if we withdraw it. So, if you invest money in mutual funds and the stock market, definitely, you have to keep it for at least 10 years. Only if you keep it, you will see returns like 12%, 13%, 14%, 15%.
If you withdraw it, what is the benefit? All the hard work for so many years is wasted. So, you have to create an emergency fund and keep it. Emergency fund? Why should we create it? I will tell you.
6 months of your expenses. For example, every month, your expenses are Rs. 20,000.
That means, if you keep Rs. 20,000 in your hands, your family will run with the expenses. Let’s say.
So, Rs. 20,000 multiplied by 6 is Rs. 1,20,000.
This Rs. 1,20,000 is your emergency fund. So, what should we do? Divide it Rs.
60,000 and keep it in your savings account. Another Rs. 60,000 and FD.
There are some fixed deposits. There are small finance banks. They offer 7%, 8%, etc.
Deposit it there. So, DICGC will be there. We will get insurance up to Rs.
5,00,000. Incidentally, the small finance bank in Diwala will give us Rs. 5,00,000 back.
Since it is only Rs. 60,000, invest it. Incidentally, in the future, if you need something, like a job, or if you need something for your family, instead of your mutual funds and stock market, you can invest in your savings account first.
If you want more, you can take the remaining Rs. 60,000 from the bank and break the FD and take it. If you break the FD, you will be penalized.
How will you be penalized? For example, they offered you 7%. Since you are taking it as a loan, instead of that 7%, they will give you a penalty of 1% and give you 6%. In any case, we will get the 6% loan.
Our money will work for us. So, plan like that. But, if you need, for example, if you have a new virus, incidentally, it won’t happen.
It shouldn’t happen. Incidentally, due to this, even if you lose a job or if you are in a lockdown, you don’t have to touch your savings. You can touch this emergency fund.
Clear? Therefore, it is very important. The fourth one. Coming to the fourth tip, for so many days, for so many years, if you don’t take health insurance or term insurance, please take it.
Even in 2025. You can ask, I am young. I don’t get such diseases.
Why do I need health insurance? My office gave it to me. Why? Otherwise, term insurance? Why? I am fine. I won’t die.
If I die, my family will get money. I am fine. Why? You can ask.
So, there are two advantages. For us, if we take it at a young age, it can be health insurance or term insurance. If we take it at a young age, the premium will be very low.
For example, if we look at the term plan for those who are young, it will be Rs. 10,000, Rs. 12,000, Rs.
13,000. Yes. Similarly, health insurance with coverage of Rs.
10 lakhs, if you are young, it will be Rs. 11,000, Rs. 12,000.
For a year, it will be the same. For some, it will be Rs. 7,000 or Rs.
6,000 or Rs. 7,000. If you do not have such habits.
So, if you take it at a young age, it will be very low. If you wait and after 10 years or after 35, 40 years, or after 50 years, if you take it, it will be very high. Similarly, if you are going to the office let us assume that you are going Let us assume that you are XYZ.
If you are going, there was a big accident. Your hands and legs were broken. You were admitted The bill was Rs.
6 lakhs. Your office gave Rs. 3 lakhs or Rs.
4 lakhs as coverage. You climbed. The remaining money should be taken from our savings.
Did you understand? It was a mistake. You gave a gap to your job. You gave a gap to your job.
At the time of giving a gap, there was an accident. He paid Rs. 6 lakhs in the hospital.
Since you were not working there, your insurance did not work. Yes, it did not work. If you had taken it separately, outside, you would have got that Rs.
6 lakhs as coverage. Did you understand? If you did not take it, you would have to take that Rs. 6 lakhs from your mutual funds.
You have to pay for all the years of hard work. To avoid that, you have to take a health insurance plan. It can be health insurance or term insurance.
If we take it online, we will get a discount. That is common. Everyone knows.
There are many online platforms. One of the best platforms is Policy Bazaar. I say Policy Bazaar because there are 51 insurance companies on this website.
Did you understand? You can compare the companies there. You can compare the companies and filter and choose. For example, which company has more network hospitals? Which company has more claim settlement ratio? If you filter, you will get it first.
Similarly, the price. There are so many companies. In these companies, which company has more claim settlement ratio? Which company network hospitals? You can filter the company that offers a plan for a lower it and get it directly.
Did you understand? For example, if the coverage policy is less than starting from monthly premium is 390. I am saying starting price. I am saying what they officially said.
This is health insurance. Similarly, term insurance. Why? Even if we are my income, my children, my family, they are good.
Why me? It is a mistake. If we take any risk, if we die, what is their situation? We take loans. EMS is running.
Personal loan or outside loan. We borrow our house. We borrow 2 or 3 rupees.
It is running. If anything happens to us, they have to pay. If they cannot pay, because we have kept it as a security, they sell our house.
They trouble our family. To avoid we need term insurance. If there is term insurance, if we take any risk, for example, we took a 2 crore term plan.
If anything happens to us, the insurance company will give 2 crores to our family. If we do not have it, they will not trouble If you want, you can take it in the policy bazaar. You can compare it.
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