Stock trading isn’t making money while you sleep. Typically traders do intra-day trades. Which means the trade begins in the morning when markets open and is done by the time it closes. Nothing happens overnight.

Think of your emergency fund as the umbrella in your backpack. I hope you never have to use it, but it’s important to be prepared.

TLDR: Have as few of these as as possible. Try to keep your finances clean and de-cluttered right from the start.

I think ULIP’s were invented because the average Indian could not digest the idea of paying a premium each year for life insurance and not getting anything back when the term ends. It’s really hard to sell. But if you charge twice the premium and invest half of the money in the stock market and return the profits from that half, then it’s easy to sell!