WHAT FINANCIAL MISTAKES SMART PEOPLE MAKE ?? AND HOW TO AVOID THEM ??
WHAT FINANCIAL MISTAKES SMART PEOPLE MAKE ??
AND HOW TO AVOID THEM ??
AND HOW TO AVOID THEM ??
v Smart & Educated People make a lot of
Financial mistakes in whole life…and someday found himself in miserable
condition & Couldn’t find away to survive in this situation.
Lets Find out the solution & try to solve
the below queies.
1. WHAT KIND OF MISTAKES THAT SMART PEOPLE DO ??
Ø Don’t make their Future Secure.
Ø If make their Future Secure, they miss the
Regular Saving.
Ø If saving is done , than the Investment is
missing.
Ø If Investment is done, than the decision of
Investment is totally depend on Market hype & Tips.
2. WHAT IS THE SOLUTION ?? What should we do than
?
Ø Try to save atleast 20% of earning per month.
Ø Cut the expense, Increase earning by increase
& find the best options for yourself.
Ø Diversify your 20% saving, in different kind of
Investment :-
As 25% of saving in Secured/Insurance.
25 % of saving in Bank etc act as an emergency
fund.
50% of saving in Paper Assets/Real
Estate/Business.
Eg :- Earning = Rs 20,000/month
20% saving of Rs 20,000 = Rs 4,000
25% of saving i.e Rs 1000 in Insurance
Rs 1000 in EmergencyFund.
Rs 2000 in Paper assets/Real Estate/Part time
business etc.
Ø Get qualified & thorough knowledge in
Financial matter.eg. Cash Flow, Capital Gain, Income Vs Expense Statement,
Balance Sheet, Assets Vs Liabilities.
Ø Know the difference between Cash Flow &
Capital Gain, Passive Income Vs Active
Income.
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