To fulfill all our desires, we not only have to save a part of our income, but also invest it.
We safe our future financially by increasing our saving money by invest it, and this is how the role of "personal finance" begins.
Personal finance means managing our finance according to our future goals.
Step 1.: Write your financial goal
Going for a vacation, retirement, buy a new car, saving for your child education all these are the financial goal.
Achievement of these financial goals, depends how well you plan your investments. The financial goal can be long term or short term.
For example, saving for retirement is a long-term financial goal, while buying a house or going on vacation is a short-term financial goal.
You need to make a separate list of all long-term and short-term financial goals and then plan your investment to manage your personal finance.
