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5)Whatwereyourexpectationspre budget and to what extent did it meetyourexpectations?

Asasalariedindividual,obviouslyIwas hoping for some relief for the middle class in terms of tax rates, which was delivered in the budget. This was expected as it is the last full budget before the upcoming Lok Sabha elections, and the ruling party aims to please the largest voter base, which is themiddleclass.

Therewerealsorumoursinthemarket regardingchangesinlong-termcapital gains, with some speculating an increasefromthecurrent10%to15%or 20%, or changes in the definition of long-term. However, the government kept the long-term capital gains tax rate and tenure definition the same, whichstillbroughtasenseofreliefand euphoria in terms of the expectations thatpeoplehad.Inthiscase,nochange was a good news. So, that was clear when the budgets were announced, the markets shot up by at least a thousandpoints.Overall,Ithinkthatthe budget was well-received by the markets.

6)Whatisyouradvicetotheyoung professionals who will be starting theircareerssoon?

Therearetwothings.

Firstly,youshouldsaveandthenspend your money instead of spending and thenwhateverislefttobesaved.Ithink this is one of the most important learnings which I have had in my life. I have observed that many do exactly theopposite,firstspendandthensave, which according to me is not a good approach.

And the second advice which I would give for people who want to learn finance.Startinvestinginyourearlyage. Evenasmallamountofinvestmentwill teach you a lot. Start doing SIPs, experiencethepowerofcompounding, start understanding markets. I mean everybody wants to understand finance, finance is not just accounting but beyond that. Start reading annual reports of companies to understand whatthecompaniesdoandthenstart investing. Concepts and fundaments that we learn from textbooks will be essential,yes.ButIthinkapplyingthese conceptspracticallyismoreimportant. So, one should start connecting such things. This can give you an edge over others, both professionally and personally.

So, start cultivating these skills and see how it can positively impact your life andhelpyouinmakingmoreinformed decisions.