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<blockquote data-quote="tamade7" data-source="post: 331392" data-attributes="member: 1673"><p>1) What is the minimum cash amount (saving) anyone should have at any point of time?</p><p> <span style="color: Red">10k for those who just started working < 5 yrs. Must be more as the yrs progress. I would say each year one should save 30% of its net income. </span></p><p></p><p>2) Given X amount of loan (debt) & Y amount of cash, is it better to reduce/settle the loan or use the cash for investment or just keep it.</p><p><span style="color: Red">Reduce the debt if you are not investing. If your investment gives higher return than your debt interest then should just invest.</span></p></blockquote><p></p>
[QUOTE="tamade7, post: 331392, member: 1673"] 1) What is the minimum cash amount (saving) anyone should have at any point of time? [COLOR=Red]10k for those who just started working < 5 yrs. Must be more as the yrs progress. I would say each year one should save 30% of its net income. [/COLOR] 2) Given X amount of loan (debt) & Y amount of cash, is it better to reduce/settle the loan or use the cash for investment or just keep it. [COLOR=Red]Reduce the debt if you are not investing. If your investment gives higher return than your debt interest then should just invest.[/COLOR] [/QUOTE]
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