Personal Finance

 Hello Friends, 

I hope all of you are doing well in your in your personal &  professional life.

being a part of this society  all of us want to get rich and want to achieve financial freedom in our life.

all of us thinks that the get rich and become financially freedom  so challenging 

Today we will learn about the several Basic steps to get rich 

 

START EARLY

In our Early 20s  when we got our first income Either from Bussiness or Job we think that enjoying money 

& start wasting our hard earned money in useless parties and buying expensive smartophones. Apart from that i will advise you to start Saving from your teenage to get financial free. 

For that you Can follow 50: 30: 20 Rule 

We will disscuss it briefly By an example 

Let Suppose your salary is 20K per Month 

So, 50% of your salary which is around 10k is for your Basic Necessities like 

• Rent or EMI of your accomodation
• Fooding
• School fees if you have Kids
• Electricity bill
• Telephone Bills
• Basic clothing

30 % of your salary is only for your Wants " KYUKI ZINDGI NA MILEGI DOBARA IS LIYE ENJOY BHI TO  KARNA HAI LIFE ME "

•     Expensive vacations { Goa bhi to jana hai } 
•     Expensive Smartphone { Iphone bhi Lena hai }
•     Movies 
•     Expensive Cloths 

            20% of your salary is only for your future 

           

•   BONDS
•   GOLD
• FIXED DEPOSIT 
• REAL ESTATE

That is enough for today we will disscuss in deep about your Investments according to your risk appatite 

in next blog . Till the time Bye Bye .,

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