Smart Investment Tips for Professionals Earning Over Rs. 1 Lakh Monthly

Earning Rs. 1 lakh per month can help you to build a smart and strong investment portfolio and long-term investment with returns. In this article we are going to learn about smart investment strategies which will help you to build a strong financial portfolio for the future.

You can also achieve building seed money, but for that you need to have the correct knowledge of your expenses and deductions and a long-term aim. Building significant seed capital, for example, Rs. 10 to 30 lakh with a Rs. 1 lakh monthly salary, is not only possible but highly achievable through disciplined saving and investing. It will take time, but look for income growth and also not just save this money, but also invest and look out for growth and security.

Aim to save at least Rs. 20,000 - Rs. 30,000 per month. Without a plan, lifestyle inflation will eat into your earnings. For long-term wealth, at least for more than five years, prioritize equity funds.

Begin by investing a sizable chunk of your income, say 30 to 50%, using SIPs and NPS for compounding, and then evaluate your portfolio every year.

Also, most importantly, build 6 to 12 months of living expenses in a liquid fund or high yield savings and take insurance. (Disclaimer: Given the input is on an information basis, please seek professional advice.)