FY 2024 Ended: How to Review Your Personal Finance and Why It's So Important | CA Suraj Deo.

#personalfinance #investing #deotalks
Welcome back to Deo Talks! In this video, I, Suraj Deo discuss a crucial topic that affects everyone, regardless of their financial background. As the financial year 2024 has just ended, it's the perfect time to review your personal finances.

Key steps for a successful personal finance review:

Analyze your cash flows to understand your income sources and expenses.
Identify where your money is spent to improve financial habits.
Know where you stand today i.e.calculate your net worth by listing assets and liabilities.
Manage debt wisely to avoid financial pitfalls.
Play Defence first, prioritize insurance and emergency funds for financial security.
Review your credit report annually to correct errors and protect your credit score.

These steps can help you gain control over your finances and prepare for a more secure future. Watch till the end for valuable insights and tips on how to conduct your financial review effectively.
Stay tuned for our next video, and remember, taking charge of your finances means taking charge of your future. Let's make smart financial decisions together!

#finance #Deotalks #surajdeo #investing #taxplanning #investmenttips
#networth #emergencyfunds #budgeting #financialreview2024 #debtmanagement

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Video timestamps:

00:00 Preview, Intro, and Why Q.
02:45 Step 1: Analyze Your Cash Flows
03:37 Step 2: Analyze Where Your Money is spent
04:42 Step 3: Know Where You Stand Today: i.e. Calculate Your Net Worth
05:54 Step 4: Manage your Debt
07:42 Step 5: Play Defensive First
09:16 Step 6: Enough Liquid Savings or Emergency Fund
10:22 Step 7: Review Your Credit Report

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WHO AM I:-
I’m Suraj Deo, a writer, a CA & CMA, who worked in Startup, and Big 4 firms (M&A, Deals Advisory, Due Diligence & Audit), and lives in Bangalore, India.

I love to write and talk about Finance, Startups, Health & Happiness.
Have a decade of experience & lifelong belief in Yoga.

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Thanks for your time.
Let’s take care of this beautiful World. I will see you next.
And Smile…always Smile.😊