- If you need 20 lakhs at the age of 65,how much do you need to save per month assuming 7% interest? -If you start at 20, its Rs.510 per month -If you start at 40 though , its Rs.2280 per month …So start investing early which is today.
- Spend less than you earn…Approximately 40% of families live off 110% of their incomes…Count to 10 before you buy
- Invest Wisely…..Save at least 10% of your Income
- Buying with cash, not credit, can help you cut back on spending. People spend 12-18% more when using credit cards than when using cash… so simply pay with cash not plastic
- You need a safety net to deal with an emergency. Ideally you'd have enough to pay rent and bills for six months, but even a three month cushion can be a big help
- Tracking your income and expenses will help you understand where you can improve. Maybe you're spending too much on going out to eat or could be saving just a little bit more each month. Finding tools to help you track spending can be a great help in planning for a strong financial future
Arnold Bennett was a prolific author in the early 20th Century. I read his book "How to live on 24 hours a day" He explains his process in his book : that resulted him in being a prolific author: following are the learning: even in the busiest week, find 7-1/2 hours of time beyond the work ; Focus those 7-1/2 hours on thinking Time practice honest self-reflection using the below questions: what do want for yourself? what motivates you? what scares you? what embarrasses you? What are you proud of? What beliefs do you have that might be wrong? Are you caring for yourself or harsh with yourself? Authors Arnold Bennett
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