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Top 5 money uses

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 Top 5 money uses : "Money isn't the goal, it's a tool. Freedom is the real goal."   Invest in knowledge  - What do you need to become richer? How much money do you need to do everything you want? Gain the knowledge to be able to use your money to make it work for you. Invest in assets  - Next up is investing that money like you learned how to → {invest}in assets that will generate you more money. This usually means saving up a bit of money first. Invest in experiences  - Once you have enough cash flow to be able to pay for your house, car, food, and any other monthly expenses and then still have some money left over you can use all of that extra money to do whatever you want. Profit & Freedom  - This will put you into the NR [New Rich] as described in the 4-hour workweek[Book]. At this point, you have the freedom to do whatever you want when you want, for however long you want.  This is what it means to invest in Freedom. Invest your money in your cash flow -  Ge

How to be a wealth creator

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How to be a wealth creator First of all, wealth is not money, money is just the instrument to measure and to keep it. Wealth is simply the value we create by a production process.  E.g. if we combine a cup, hot water, and tea leaves, we do a production process to create more value because a cup of hot tea has more appeal to people. That, new wealth is created. To keep that wealth, we exchange it for some money, i.e. to keep it enjoyable before it gets cold. The amount of money we receive is a measurement of the wealth we create. Now, why then two people that work more or less the same hours a day, their wealth are not equal? That, we are talking about investment and working smarter. If you spend your whole life making cups of hot tea, it is guaranteed that you are not going anywhere. By making cups of hot tea for years would make us an expert on this tea-making business. Of course, if we pay enough attention to it, and of course, to be able to do that, we have to have the love of makin

Book Review: The Richest Man in Babylon

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Book Review:   The Richest Man in  Babylon This Book is one of the best and oldest books on financial wisdom and it carries great teachings in managing your finances. At the end of the book, the Richest Man in Babylon whose name was Arkad did impart his 7 cures for a lean purse. -Start fattening your purse : for every 10 coins you earn, use only 9 coins and save one, this will start fattening your purse automatically. -Control your expenditure : study your own habits and see where do you perform unwanted spending, and control it. Make your money multiply : now that you have saved and control expenditure, don't stop here, let your money work for you, invest it Guard your treasure against loss : protect your money, the first rule of investing is securing your principal amount, don't jump into risky investments Own your own house : Having your own house is emotionally satisfying and makes you mentally happy and at peace. Insure future income : Death is inevitable, and what if we f

Top 5 ways to earn side income in India

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 Top 5 ways to earn side income in India  1. Freelancing :  =  First you need to select the proper skill what you have.  You need to be confident to give your freelancing work for them,you need to confident on what you do or create. At beginning you need to work for free so you can learn the skill. When you work freely on your first freelancing work,you need to ask the clients for rating on your work.                                       If you work is satisfying for them then they will give you a very good feedback and good rating. From these works and ratings you can build your portfolio and start doing freelancing for money. After you 2 to 3 freelancing works you can earn money in better and easy way as well as you can earn good amount of money and can work as a good way to earn side income in India or worldwide. Full Brief 2.  CREATING YOUTUBE VIDEOS  : =   You can create video content on any topic that interests you and if you are entertaining enough, YouTube will pay you genero

Is buying physical gold worth it ?

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Is Physical Gold worth buying it ?  Buying gold is just like buying any other asset and an asset always retards an outflow of cash.You can choose any option to buy gold on your will and wish and your conscience on the facts and figures.     First of all let us consider out all the ways and methods and forms in which we can buy Gold just for a quick glance. 1) Jewelry buying:   Our age-old and traditional way of investment is jewelry buying where one can buy gold ornaments, bars, or coins. However, it has its own disadvantages, total buying cost involves making charges (it can be 10 to 20% of total cost). However, when you try to sell the same piece to the same jeweler, he will buy it below market rates and deduct those making charges from the total price of your jewelry. In India ,the trend is especially regarding the buying of gold on some religional or cultural event as a matter of auspiciousness.Even,it is hugely in fashion among the female section of our society to buy

Is Fixed Deposit worth it ?

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Is Fixed Deposit worth it ? Fixed deposits are an age-old investment option for Indian investor. It is one of the most preferred investment vehicles in India. FD a simple to understand, easy to open and handling and managing an FD is also easy for most of the people. But is Fixed Deposit worth it ?  Financial Freedom will be achieved only when an investor makes a well informed financial decision. The investor should know the characteristics of the products in which he wants to invest. He should also know the pros n cons of investing in the said product.But again is fixed deposit worth it ? Advantages of investing in Fixed Deposit FD can be opened in any government, private and cooperative banks. So you can open a FD in the bank which is nearest to you. An interest rate is fixed in the FD. So you know how much interest you will earn on the amount invested. Maturity amount is known to you at the time of opening of a Fixed Deposit. FD is considered as the safe debt instrument as the defau