Steps to Build Wealth With Rs 75,000 Monthly Salary

Prioritise Budgeting

Building wealth takes more than just a good paycheck. Master the 50-30-20 rule to make your 75k work harder, grow bigger, & secure your future. 

If your monthly salary is ₹75000, then your needs & wants budget will be ₹37,500 and ₹22,500, each respectively, & your investments should be ₹15,000 monthly.

So What’s 50-30-20 % of Your Salary?

Stick to the 50-30-20  Rule

The rule boosts a balanced approach, ensuring you meet your essential needs while you also enjoying life's pleasures & prioritising financial goals.

How do You Invest that  20% Savings?

STEP 1:  First, build an emergency fund. You can invest either in a liquid mutual funds or sweep in FDs.

STEP 2: Let’s say you have invested 30% of your savings in emergency funds. Next is for short-term goals. 

How do You Invest that 20% Savings?

Where to Invest for Short-Term Goals?

For short-term goals, you can invest in high-interest FDs, debt funds, hybrid funds, & savings schemes.

If you are a conservative investor, you can invest more in large-cap index funds, flexi-cap index funds, bonds and FDs.

What Should You Choose for Long-Term Goals?

1.

What Should You Choose for Long-Term Goals?

If you are an aggressive investor, you can invest in large & midcap index funds, growth funds, and direct equity stocks.

2.

Insurance is Also Very Important

Getting health & term insurance for you & your family will provide additional security against any emergencies and unforeseen events.

What Should be Your Prime Focus?

Increase your mutual fund & equity investments once your income increases. Diversify your portfolio by investing in different sectors & products.

Sign Up

Earn 9 - 11%  Fixed Returns

More Wint Stories

Small Saving Schemes Rates Hiked to 8.2%

Best Savings Plans to Secure Your Future