7 POWERFUL PERSONAL FINANCIAL HACKS that you wish you knew yesterday.

THREAD: Thumb rules that will make you better in managing your personal finance.

Collaborated with @AdityaTodmal

@AdityaTodmal 1. Rule of 72: To estimate when your money will be doubled.

Lets say you are investing in an instrument that gives you 8% p.a.

How long will it take to double your investment:

72 /Rate of interest i.e. 72/8 =9 years.
@AdityaTodmal Conversely, if you come across any plans where they say you'll double your money in 7 years.

Now you can compute the interest rate.

i.e. 72/ 7years = 10.29% p.a.
@AdityaTodmal 2. Rule of 144 : To estimate when your money will be tripled.

114/rate of interest p.a. = No. of years required to triple your money.

Eg: lets say you are getting 12% p.a. in an instrument.

Your money will be tripled in 114/12 = 9.5 years.
@AdityaTodmal 3. Rule of 70: Estimates the impact of inflation on your wealth.

70 / expected long term inflation = No. of years by when your wealth will be worth half of what it is today.

Your total wealth is Rs. 1 cr. & long term inflation rate is 5%.

70/5 = 14 years.
@AdityaTodmal Therefore, real wealth (today) of Rs. 1cr. will be worth Rs. 50lacs after 14 years.
@AdityaTodmal 4. 100 minus your age rule : Asset allocation rule.

Subtract your age from 100 to find out, what % of portfolio allocation should be towards equities.

Eg 1: Age 30
Equity : 70%
Debt : 30%

Eg 2: Age 60
Equity : 40%
Debt : 60%
@AdityaTodmal 5. *3X Emergency Rule:

Set aside a corpus of at least 3x your monthly income for emergencies such as loss of employment, medical emergency, etc.

You can set aside this in liquid funds.
@AdityaTodmal 6. 20X life cover rule:

If you are sole bread winner for the family, and somewhere in the age bracket of 30, life cover should be 20x of your annual package.

Eg: Annual package of Rs.12lacs.

Sum assured: 12 lac *20 = 2.4crs. prems would be ~20k.
@AdityaTodmal 7. 50-20-20-10 Rule -

Divide your income into:
50℅ - Basic Needs - Groceries, rent, EMIs if any
20℅ - Wants - Vacations, Hobbies
20℅ - Investments - Equity, MFs, Debt, FD, etc
10% - Upgrading Skill sets
Atleast aim to save 20℅ of your income, more the merrier.
@AdityaTodmal These are basic guidelines one can follow to manage their personal finances.

Following these wont take you anywhere in the short run, the magic happens in the long run due to compounding.
@AdityaTodmal If you enjoyed this thread here's another one:

https://t.co/d19J5eAdzr
@AdityaTodmal Hope you discovered something new (because that's the point!)

If you did, share it with a friend

Hop back up to retweet the first tweet.

See past threads here:
@AdityaTodmal
&
@niki_poojary

More from Nikita Poojary

More from Screeners

You May Also Like

हिमालय पर्वत की एक बड़ी पवित्र गुफा थी।उस गुफा के निकट ही गंगा जी बहती थी।एक बार देवर्षि नारद विचरण करते हुए वहां आ पहुंचे।वह परम पवित्र गुफा नारद जी को अत्यंत सुहावनी लगी।वहां का मनोरम प्राकृतिक दृश्य,पर्वत,नदी और वन देख उनके हृदय में श्रीहरि विष्णु की भक्ति अत्यंत बलवती हो उठी।


और देवर्षि नारद वहीं बैठकर तपस्या में लीन हो गए।इन्द्र नारद की तपस्या से घबरा गए।उन्हें हमेशा की तरह अपना सिंहासन व स्वर्ग खोने का डर सताने लगा।इसलिए इन्द्र ने नारद की तपस्या भंग करने के लिए कामदेव को उनके पास भेज दिया।वहां पहुंच कामदेव ने अपनी माया से वसंतऋतु को उत्पन्न कर दिया।


पेड़ और पौधों पर रंग बिरंगे फूल खिल गए और कोयलें कूकने लगी,पक्षी चहकने लगे।शीतल,मंद,सुगंधित और सुहावनी हवा चलने लगी।रंभा आदि अप्सराएं नाचने लगीं ।किन्तु कामदेव की किसी भी माया का नारद पे कोई प्रभाव नहीं पड़ा।तब कामदेव को डर सताने लगा कि कहीं नारद क्रोध में आकर मुझे श्राप न देदें।

जैसे ही नारद ने अपनी आंखें खोली, उसी क्षण कामदेव ने उनसे क्षमा मांगी।नारद मुनि को तनिक भी क्रोध नहीं आया और उन्होने शीघ्र ही कामदेव को क्षमा कर दिया।कामदेव प्रसन्न होकर वहां से चले गए।कामदेव के चले जाने पर देवर्षि के मन में अहंकार आ गया कि मैने कामदेव को हरा दिया।

नारद फिर कैलाश जा पहुंचे और शिवजी को अपनी विजयगाथा सुनाई।शिव समझ गए कि नारद अहंकारी हो गए हैं और अगर ये बात विष्णु जी जान गए तो नारद के लिए अच्छा नहीं होगा।ये सोचकर शिवजी ने नारद को भगवन विष्णु को ये बात बताने के लीए मना किया। परंतु नारद जी को ये बात उचित नहीं लगी।
The entire discussion around Facebook’s disclosures of what happened in 2016 is very frustrating. No exec stopped any investigations, but there were a lot of heated discussions about what to publish and when.


In the spring and summer of 2016, as reported by the Times, activity we traced to GRU was reported to the FBI. This was the standard model of interaction companies used for nation-state attacks against likely US targeted.

In the Spring of 2017, after a deep dive into the Fake News phenomena, the security team wanted to publish an update that covered what we had learned. At this point, we didn’t have any advertising content or the big IRA cluster, but we did know about the GRU model.

This report when through dozens of edits as different equities were represented. I did not have any meetings with Sheryl on the paper, but I can’t speak to whether she was in the loop with my higher-ups.

In the end, the difficult question of attribution was settled by us pointing to the DNI report instead of saying Russia or GRU directly. In my pre-briefs with members of Congress, I made it clear that we believed this action was GRU.