Determine how much money you have available to invest

If you don’t already save money every month, it’s important to set up a budget. Make a list of your monthly expenses, such as phone credit or lunch. Then decide how much money you’ll spend on your Netflix bill, clothing, or friends’ meetups. You must keep some money for savings every month.

When you start saving, you should start investing because money devalues with time due to inflationary factors. If you have at least Rs. 5000, you can take start now.

Set your long-term goals

The next step is to establish some long-term objectives. Investing has the potential to transform your life, so set your sights high. Consider where you want to be in the next 20, 30, or 40 years.

Your investment objectives could include purchasing a home, funding your retirement, buying a car, or saving for your children’s education. Goals may shift over time. Just make sure to define and review them on a regular basis so you can stay focused on achieving them.

Decide where to invest

All investments possess risk, but some possess higher risk than others. High-risk investments provide higher returns than other investments.

But what about loss? When your investments lose money, it’s only a loss on paper — it’s not a real loss unless you cash out. So, if you’re in your 20s, you can afford to let your investments fall and know they’ll recover before you need the money.

The stock market is a good place, to begin with investing for students.

You can get started with only Rs. 5000. Remember that there is a lot you can and should learn about stock investing to achieve financial success. However, to give you a kickstart, read “How to Invest Your First Rs. 5000 in Stock Market”.

How to Open Investment Account in Pakistan Stock Market as Student?

A few years back, opening a stock market account was hectic and full of paperwork, but now, the process to sign up is easier than ever. The all-new digital Sahulat Account is here for you to cut the hassle and open your investment account just by providing CNIC.

Open your account today and Start Your Financial Independence Journey!