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Why Savings is Important for a Common Man | Tips to Manage Your Personal Finance | CA V Pattabhi Ram

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It is important to know your personality types. The investment strategy will be different for different personalities. It is also important to have financial goals. It includes managing money for aspects like buying vehicles, children's education, buying houses, retirement, besides keeping a priority and target date for each.

So what are all the types of financial personalities? The gamblers are problem solvers and thoroughly enjoy the process of investing and related activities. The big spenders are willing to spend on expensive things to follow the trend and willing to pay more for convenience. The champion savers keep a tight rein on their finances and strict budgeting and always stay on track. The entrepreneurs want to be at the cutting edge of business and finance and focus on very sophisticated wealth management. Sturdy accumulators are cautious about any financial risks, also prefer to conduct their financial affairs face to face.
Speaker: CA V Pattabhi Ram, Author, Public Speaker, and Teacher

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