“There are always so many questions my friends keep on asking me like How do you save money? Where do you invest your money? and some questions like how to have a 6 figure bank account I give a general opinion to all those questions because at the end of the day it is their decision to live and plan their life. I write about the most suitable and best advice so that the readers can find me. In this particular post, I will write in brief how you can save a lot of money.
Rule #1: Get into the habit of saving money
Just like in your childhood and schooling you were really good at saving money before buying new pair of shoes your favorite toy you needed to get into the habit of saving money first. Then you can spend what is left over. If you do not plan it beforehand and put some money aside first, you’re never going to be able to save.
Rule #2: Do whatever it takes to increase your income
At every given time you should start tallying your current financial position and as per your analysis you should start figuring out the best possible ways to leverage the resources available to you or learning the ways to increase your income, one thing to keep in mind is that you cannot rely on one source of income ever.
Rule #3: Invest your money and take risks
One thing about money is that it is so volatile you need to take some calculated risks because with the habit of just saving them money and cutting down on expenses there’s only so much that you can do. You would not be able to build real wealth until you do some risk involving tasks. This is what has helped me to go to the next level.
Rule #4: Learn from the mentors and successful people
The rich and the successful people always have some of the greatest advice you become the people you surround yourself with. Some of the other variations of this quote have been shared all over social media time and again. If you are desperate enough to follow this advice it can work wonders for you.