Why you will never be wealthy?
Potential reasons:
➡️ Buying a luxury car on EMI.
➡️ Inappropriate health insurance.
➡️ Prefer FDs over Equity.
➡️ No long term vision.
But HEELS can fix it:
Health Insurance cover = annual income or more.
Emergency Funds = 6-12 times of your monthly expense.
EMI = Less than 25% of your monthly salary.
Life Insurance cover = 20+ times of your annual income.
Saving (monthly) = 20%+ of your monthly salary.
What challenges are you facing with investments?