This is a broad topic but here are 5 guidelines:
- How much do i save out of my income?
- How do i invest the saving, in smart instruments
- How much expense do i pay in fees, transaction charges, commissions etc on the investments.
- Is the person advising me, having a fiduciary interest in my success? That is he has no incentive in proposing investments not in my interest (but can make commission for him).
- Will the decision help me reach my goals and financial freedom. This requires preferring delayed gratification vs instant gratification.
