ALT Investment Services

How to become a millionaire? What do we need to do to become a Millionaire?  Have you ever dare to ask this question to yourself? We all know the importance of communication skills, leadership skills, but something that is equally important in today's world is financial skills. Lets us find the answer to this question. How to become a millionaire!! To become a millionaire, you need to understand the difference between Assets and Liabilities. Most people struggle financially because they do not know the difference between an asset and a  liability.  Now, What is an asset and What is a Liability?  Robert Kiyosaki in his famous book "Rich and Poor dad " says an Asset is something that puts money into your pocket whereas liabilities take money out of your pocket. As simple as it gets. Remember Assets put money into your pocket whereas liabilities take money out of your pocket. Now since you know, what is an asset or a liability, let me do a quick test of y...

UR Advisor- Altaf Sayyad Here is the Ideal way to start your Investment Journey: First start with creating Emergency Fund Emergency fund is the amount of money that will be helpful or can be used during emergency situation like sudden job loss, medical expenses or any urgent money requirement. Individuals should create at least (Minimum) 3 months of salary or 6 times of Monthly expenses as Emergency fund. You can keep this kind of money in Liquid mutual funds or Savings account for Quick access. Second the most important, plan for Life and Medical Insurance : Everyone knows the important of Life and Medical Insurance. Buying insurance should be you utmost priority before starting any investment. For Life insurance- Buy Basic Term Plan. It provides high cover at lowest premium. The early you buy less premium you pay. You can refer my article on Best Online Term Plans . For Medical Insurance- Buy Basic Mediclaim Plan+any riders. Even if you have employ...