How to Wisely Use Your Annual Bonus? | Useful Investment Strategies & Tips

🤝 Download the PowerUp Money app to select mutual funds intelligently & review your portfolio in minutes https://app.powerup.money/xDsX/shanka... 🤝 Join Stockscans for powerful stock analysis, smart market scans & real-time insights Use code SHANKAR15 for a 15% discount on the price https://www.stockscans.in/pricing?ref... ⭑ Join 60,000+ investors who read my newsletter regularly Subscribe at https://shankarnath.substack.com/ Every year, the arrival of the annual bonus brings a mix of excitement and anticipation. In this video, we delve into various ways to effectively deploy your annual bonus, striking a balance between enjoying the rewards and making smart financial decisions. In summary, we have looked at 6 different ways of using the yearly bonus: 1. Paying off our high-interest loans like credit cards, personal loans etc. which not only increases our disposable income but also reduce the number of EMIs 2. The annual bonus can serve as a means to fulfill one's tax obligations such as capital gain tax 3. If your emergency fund is non-existent or insufficient, your annual bonus provides an excellent opportunity to bolster it in the form of cash, savings account, fixed deposits, liquid funds etc. 4. The annual bonus can be invested to secure your retirement, your child's future, or to build wealth over time. The use of STP reduces timing risks and ensures consistency 5. Your annual bonus can be used to rebalance your portfolio without attracting capital gains taxes, allowing you to maintain your desired allocation 6. Finally, consider investing in yourself and the annual bonus can be used as starting capital towards building a side business 👉 Financial Planning Worksheet (basic version): https://docs.google.com/spreadsheets/... 👉 Video Chapters: 00:00 How to Use Your Annual Bonus Wisely 00:50 Financial Planning 02:12 1. Reduce Tax Burden 04:02 2. Provide for Paying Taxes 04:49 3. Bolster Emergency Fund 06:10 4. Invest to Create Wealth 10:11 5. Rebalance Portfolio 11:57 6. Start a Side Hustle 13:22 Shankar's Viewpoint 🔥 Top Videos on My Channel (don't forget to subscribe) ‣ 9 Retirement Planning Strategies for Regular & Safe Income:    • 9 Retirement Planning Strategies for Regul...   ‣ Build a Monopoly Stocks Portfolio (27% Return):    • How to Build a Portfolio of Monopoly Stock...   ‣ Coffee Can Investing:    • How to Build a Coffee Can Investing Portfo...   ‣ Peter Lynch's Strategy of Stock Picking:    • How I Made 46.2% Returns by Copying Peter ...   🙌 Join my community on: ‣ Youtube:    / @shankarnath   ‣ Instagram:   / shankarnathofficial   ‣ LinkedIn:   / shankarnath   ‣ Twitter:   / shankarnath   #bonus #lumpsum #investingforbeginners Disclaimer: I am not a SEBI registered investment advisor or research analyst. The content posted on this platform is purely for educational purposes and none of it constitutes investing or trading advice. Viewers should do their own research and diligence before investing or acting on the information presented