Steps before investing

Step 1 - Health Insurance - Get Health insurance coverage for your entire family. Even if your employer provides one

Step 2 - Term Insurance - Get term insurance if you are the only earning member in the family. Typically 5-10x of your annual income

Step 3 - Emergency Fund - 3-6 months of savings in safe, secure and easy to liquidate asset class e.g. FD

Step 4 - Financial education for you and your family - Involve your family members during planning, educate them on financial planning