Hi friends, why we are going to college and school to increase our knowledge and get a good job to start our financial journey they are the basic thing we thought.
When we come to Reality we though why this are not in our book.
This is our this book author say that her school and college only help her to get her first job only . So our author a book why don't they teach me this an school? Today we going to some financial things by this book come on let we see.
Marry A Financially Right Person
We have 99 principles on money management in this book this is the first principle.
We focus on these things our life partners financial habits. No need to marry only accountents or rich people our partner is good in finance means it's ok to our life. How to know about our partner the financial things by interacting with him.
Don't give him expensive thing on first time and them don't show off. Be real with him, otherwise it will make a big argument in your marriage life.
Save and Invest 50% of your Every Salary Increment
If you are a business person your salary is 25,000 And it increase to 40,000 you maintain same Expenses and you increment is 15 k mean invest 7,500 and remaning to improve your life style.
You Must Have Insurance
You must take insurance or otherwise your savings all come down by any one get health issuses in your house it takes all the saving of yours.
Don' t buy fancy insurance schems. Invest separate it will help your family. Take a term life insurace in your name buy with knowledge and understanding. It will help to no black swan even in our life.
Don't Underestimate the Cast of Ownership
If you want o buy a house or car means they want to buy this in EMI. In the book of rich dad and poor dad arthor said about this by a long list of bills.
If you get better jobs of different location it will be difficult. Because. You get a house by loan. So , think and make a dicision.
Spend 1 hour Each Week to Learn about Personal Finance
School only help to take make only don't teach personal finance money making skills, communication sales etc...
They not help our real education starts after school. Learn about money learn from great people or by internet book, friends and family, mentors and senior colleague.
Spend money to learn new things. So, spend time and energy at the right places it will help your carrer and income financial life also.
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Thanks for read my post and welcome again