{"id":498,"date":"2024-04-16T10:36:15","date_gmt":"2024-04-16T10:36:15","guid":{"rendered":"https:\/\/jamawealth.com\/askguru\/?p=498"},"modified":"2026-03-02T19:32:53","modified_gmt":"2026-03-02T19:32:53","slug":"i-am-a-21-year-old-indian-male-and-i-earn-about-1-5-lakhs-per-month-after-tax-deductions-i-have-no-idea-how-to-invest-this-money-what-are-the-advisable-ways-of-saving-spending-and-investing-money","status":"publish","type":"post","link":"https:\/\/maxiomwealth.com\/askguru\/2024\/04\/16\/i-am-a-21-year-old-indian-male-and-i-earn-about-1-5-lakhs-per-month-after-tax-deductions-i-have-no-idea-how-to-invest-this-money-what-are-the-advisable-ways-of-saving-spending-and-investing-money\/","title":{"rendered":"I am a 21 year old Indian male and I earn about 1.5 lakhs per month after tax deductions. I have no idea how to invest this money. What are the advisable ways of saving, spending, and investing money from now on?"},"content":{"rendered":"\n

Being 21 and on the cusp of the vibrant Indian economic growth ahead is like standing at the foothills of the majestic Himalayas, ready to embark on an exhilarating trek. Your journey towards wealth creation is brimming with potential, and starting now can make it memorable.<\/p>\n\n\n\n

1. The Base Camp \u2013 Emergency Fund<\/strong>: Before you ascend any financial summit, it’s essential to set up a safety net. Stash away 3-6 months of living expenses in a liquid fund or a high-yield savings account. Think of this as your oxygen tank if you face any unforeseen financial altitude sickness.<\/p>\n\n\n\n

2. Embarking on the Trek \u2013 Investments<\/strong>: The stock market can be your Mount Everest. Regularly investing a part of your earnings in equity mutual funds, especially those following the Roots & Wings philosophy, is wise. These funds pick companies grounded in robust fundamentals, offering both stability and growth potential.<\/p>\n\n\n\n

3. Journey through the Meadows \u2013 Fixed Deposits & Debt Funds<\/strong>: Balance your portfolio’s adventure with the calmness of these safer avenues. They won’t promise heart-racing returns but will ensure you have a serene walk amidst the blooming rhododendrons of stable returns.<\/p>\n\n\n\n

4. Hiring a Sherpa \u2013 SEBI Registered Investment Advisor<\/strong>: Just as a Sherpa guides trekkers through tricky terrains, an investment advisor helps navigate the complex world of finances. They provide insights, keeping your risk appetite in mind. After all, as Warren Buffett wisely stated, “Risk comes from not knowing what you’re doing.”<\/p>\n\n\n\n

5. Treating Yourself at Campfires \u2013 Spending<\/strong>: Allocate a part of your earnings to indulge a little. Maybe a weekend getaway to an unexplored Indian locale? A well-deserved break keeps the trek enjoyable.<\/p>\n\n\n\n

6. Leaving No Trace Behind \u2013 Saving for Goals<\/strong>: Be it the desire to buy a home, travel, or fund further education, earmark funds for your goals. The LSG framework of Maxom Wealth suggests a meticulous allocation balancing liquidity, safety, and growth, ensuring your dreams aren’t just mirages.<\/p>\n\n\n\n

To sum up<\/strong>, while you’re at an enviable vantage point with a significant monthly income, the panorama of investment avenues can be overwhelming. Building a diversified portfolio, staying consistent, and taking professional advice can be your compass. And if you’re in search of a trusted guide, Maxiom Wealth’s PMS and advisory services are here to illuminate your path.<\/p>\n\n\n\n\n

\n

Maxiom Wealth \u2014 Free Tool<\/p>\n

Is Your Mutual Fund Working Hard Enough?<\/h3>\n

Two funds with similar star ratings can deliver very different outcomes. Use our fund comparison tool to check if you’re in the right scheme for your risk profile and investment horizon.<\/p>\n Compare Funds \u2192<\/a>\n Talk to a Financial Advisor<\/a>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

Being 21 and on the cusp of the vibrant Indian economic growth ahead is like standing at the foothills of the majestic Himalayas, ready to embark on an exhilarating trek. Your journey towards wealth creation is brimming with potential, and starting now can make it memorable. 1. The Base Camp \u2013 Emergency Fund: Before you… Read More »I am a 21 year old Indian male and I earn about 1.5 lakhs per month after tax deductions. I have no idea how to invest this money. What are the advisable ways of saving, spending, and investing money from now on?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,92],"tags":[],"class_list":["post-498","post","type-post","status-publish","format-standard","hentry","category-investments","category-strategies-investments"],"_links":{"self":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/comments?post=498"}],"version-history":[{"count":2,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/498\/revisions"}],"predecessor-version":[{"id":3964,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/posts\/498\/revisions\/3964"}],"wp:attachment":[{"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/media?parent=498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/categories?post=498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maxiomwealth.com\/askguru\/wp-json\/wp\/v2\/tags?post=498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}