My Investment Ideas

I have tried various options to invest my money that would yield more than what the bank offers. but, am i going in a right way? this is a very serious question i ask myself many times.

After taking up the personal finance calculator at money.cnn.com, i formulated myself on the below percentile.

Household expenditures [ including home loan payment/rent ] <=25% of Gross Income.

The Total Debt payments should not exceed 30% of my gross income.

The Emergency fund should be equal to 12 months of my salary at anytime.

Life Insurance coverage must be covering my family for next 5-10 years.

Investment in Stocks is in the Percentage of [120 – Age].

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