Earning good money is one of the important pre-requisites of a good financial life, however, if this money is not channelised properly into right investments in a planned manner, an investor can create a messy and a bad financial life.
NRIs have to plan their finances well just like anybody else. But financial planning for NRIs has more variables & more complexity. Their finances are linked to more than one country which means more market forces & economic conditions are in play affecting their finances.
So If you an NRI, it’s important for you to make sure that you are investing your money in the right financial products, with the right advice, and through proper financial planning.
Most of the NRI’s want to return back to India after few years, and want to plan their finances with that perspective but they are also prone to most of the mis-selling being done. So that also need to be vigilant on what they are being advised.
NRI’s want to have higher amount of goals and lead a better lifestyle which requires more careful financial planning. Wrong planning may lead to derailment of all goals you’ve planned for yourself.
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