FOR INDIANS 🇮🇳

#iPhone15 Pro Max (256GB) - Rs. 1,59,900

iPhone 15 Pro Max (1TB) - Rs. 1,99,900

WAKE UP TO THE REALITY 😱

Instead ❌ of spending Rs.1 Lakh on an #iPhone.

Here's a breakdown ⬇️ of how you could smartly #invest that money.

1. Emergency Fund (20%) :

Before considering any other investments, it's essential to have an emergency fund.

Allocate Rs. 20,000.

2. Debt Repayment (10%) :

If you have any high-interest debts, like credit card debt or personal #loans, allocate Rs. 10,000 (10% of 1 Lakh) towards paying off those #debts.

3. (SIP) in Mutual Funds (40%) :

Consider investing Rs. 40,000 (40% of 1 Lakh) in a Systematic #Investment Plan (SIP) in mutual funds.

SIP allows you to invest a fixed amount regularly, which can potentially #earn good returns over the long term.

4. (PPF) (20%) :

Invest Rs. 20,000 in a Public Provident Fund (PPF). It is a long-term investment option offered by the Indian government.

It has a lock-in period of 15 years and offers

tax benefits.

5. Direct Stocks (10%) :

If you know about stocks and want to research and invest in different companies, you can buy individual stocks or ETFs.

TL;DR

• Emergency Fund: Rs. 20,000 (20%)

• #Debt Repayment: Rs. 10,000 (10%)

• Mutual Funds (SIP): Rs. 40,000 (40%)

• (PPF): Rs. 20,000 (20%)

• Direct #Stocks or ETFs: Rs. 10,000 (10%)

Suppose you buy the iPhone on EMI,

Which 70% of Indians do, you can make a different approach.

Disclaimer: This is not a recommendation, Just for educational purposes, Pls do your own research before investing.

So, Will you buy a New iPhone 15?