Budget for your marriage
For a car ( as you prefer car )
A house / flat for you
For Children's Education
For their Marriage
For a happy retired life
There are so many areas of investment like
Investment in Shares - risk is more but earning is also better
A good insurance policy and medical insurance
Investment in Mutual Funds
Investment in Tax Free schemes
Investment in Gold
Investment in real estate
Investment in bank Deposit, Bonds etc.
You may write to magazines like ' Outlook Money ' you will get good guidelines
and read the articles published in the magazine, you will get good ideas.
25k a month. Lets get serious here
You arent making $300,000.00 a year
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Well i just got a job in software firm, thing is i can save up to 25k per month and will target 35k-40k in coming years. My main commitment is to buy a car(20 lakhs) in 3 years and a house (0.7 to 1 crore) in 10 to 15 years. what are the options available to optimize my investment and reach my goals in my committed time. I am a newbie to this field, any help is appreciated.