Your salary has crossed Rs 20 lakh. What financial changes should you make now?

Earning over Rs 20 lakh annually is a milestone that requires updating your financial plan.

A higher salary creates an opportunity to build long-term wealth through disciplined savings and investments.

Your financial plan must grow with your income to maximize the benefit of increased earnings.

Key areas to review include tax planning, investment allocation, and emergency fund adequacy.

Celebrate the milestone, but also make strategic adjustments to secure your financial future.