How to save money
If you want to participate in rich people then the main point is to improve your Net-worth. Everyone needs money. To improve your lifestyle money plays vital role to handle it. Money helps you in every stage of your life. To increase your Net-Worth you need to reduce your liabilities. If your liabilities become more you will never increase your Net-Worth. For example: Few month ago I have a chance to buy a new and expensive laptop but I decided to buy cheapest and good laptop which helps in my works. so that you need to buy increasing asset but if you have lot of money they you can buy liabilities in cash. One problem you need to reduce to improve your Net-Worth is to save your money in bank for long time. For example: Think you have Rs.5000 and you deposit it in Fee Deposit for 3 years then you get 6% of Vat per year. The the total your total money becomes Rs.5980. After giving money money to other you only get 327 per year. So if you have money then never deposit it in hard cash. you can do invest by that money.Now you have some question How and Where to Invest our money
In these situation I will provide 3 option with their benefit and non-benefit. Also give best way to do invest.
1. Pure Gold
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| Pure Gold |
First option is to buy pure gold. When money is existed from that time investing in good is a best way to increase your Net-Worth. If you want to invest then pure gold is best and simple way to increase your Net-Worth which is beneficial for everyone. In my opining this is the third best investment option. If you want to what is its benefit then first benefit is that you can invest with low money and get rich. If you have only RS.5000 then also you can invest in gold and if you have a huge amount of money then also you can invest on it. Second benefit is that you don't need any training for it. Only you need to look is while buying gold you need to check it is real or fake. Gold always give more than 20% of profit with no loss.
2. Property
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| Property |
Every people tells that investing in property is a best way to increase your Net-Worth and I also recommended you to invest on it because it increase your Net-Worth very much. But if you invest in wrong property then you will go down in few second. While buying property people want big home and that is one of the biggest mistake. If you have some holiday tour then your house is being empty so that you can invest your money in more property not big property. First benefit is that it become a source of passive income. In return you get a better return and if you invest for long time then there is a big chance to increase your Net-Worth in few years.
3. Share Marketing
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| Share Marketing |
Third option is to do invest in share marketing. I will clear that investing in share market is extremely risky and very heard to learn but the profit you can get from it helps to improve your Net-Worth in few years.
There are some role to save money
1. Say no to toy
Warren Buffett said that all the toys that you buy can waste your money. He never try to waste his money in big cars, Gadgets, House etc. But he tries to invest in different things. If you want to be save money like warren Buffett then you should stop buying toys and invest in different fields.
2. Ask for discount
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| Ask for discount |
3. Take your financial decision wisely
The third rule is to take your financial decision wisely. Sometime we decided for money and never think abut pros and cons so that we have to face various problems. Warren said if you want to be success then never take wrong decision.
For businesss check it- how to start up
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