Clear Loans and Secure Insurance Before Investing, Says Harsh Roongta
· Business · Business Standard
Financial planner Harsh Roongta advises individuals to prioritize the repayment of high-interest loans before allocating funds toward new investments. He emphasizes that securing adequate life and health insurance is a prerequisite to building a stable financial portfolio. These steps are intended to protect personal savings from being depleted by unforeseen emergencies or debt obligations. Roongta suggests that maintaining a debt-free status provides the necessary financial flexibility to pursue long-term wealth creation strategies. The guidance focuses on establishing a foundation of risk management before engaging in market-linked investments.
Why it matters
This approach helps Indian households avoid the debt trap and ensures that financial goals remain protected against medical or life-related contingencies.
Read the original report — Business Standard
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