MadAbout
Money
THERE IS A FAMOUS SAYING
- “ WEALTH
COMES THOSE WHO BELIEVE IN THEMSELVES AND ARE DETERMINED
TO MAKE IT HAPPEN .” ANYONE
CAN EARN MONEY AND
MULTIPLY IT TWO-
FOLD . BUT HOW MANY PEOPLE DO YOU KNOW ,
WHO KNOW HOW TO MAKE THEIR MONEY WORK FOR THEM AND SELF-MULTIPLY !
Ask any of the wealthy people living an abundant lavish life , and they will raise their hands . They just know the game too well . They just let their money do the bit while they focus on other luxuries of life . You can be one of them too . The constant urge of ruling the world like a king is what that will earn you the entire kingdom . But , is it so simple ? Yes , it may be if you behave like one . “ If you can Dream it , you can do it .” – Walt Disney Just follow these simple rules and you ’ ll be on your way to your goal :
PROTECT AND SAFEGUARD YOUR MONEY
The first step towards becoming a rich man is to monitor your expenses , and not worry about it . Most of the times you spend more than what you ’ ve planned . It is the prime reason why you fall short of cash for every important assignment , which you waited for long . Budgeting will help you spend money wisely and within limits , and also make you learn to respect it . In other words , you can control your money well if you plan to spend it intelligently rather than money controlling your life . Thus , every single expense needs to be budgeted well enough to avail maximum monetary reaps in future .
“ Average people live beyond their means . Rich People live below theirs .”
– Steven Siebold
LET YOUR MONEY BREATHE
Get rid of all the debts and let your money breathe . If you want your money to work for you , this is a crucial step . Debts could emerge due to various reasons like people investing their money without researching well in stock markets , buying and selling real estate or having loans on credit cards , etc . Not only are these factors strenuous , but extremely hard to overcome . So , your budgeting should also include clearing all kinds of dues at the earliest to have some breathing space regarding the cash inflow .
PUT YOUR MONEY WHERE IT GIVES YOU MONEY
Stack up your cash in a high-yielding savings account . Your money will generate more value as it sits there . A high-yield saving account offers attractive interest rates that make your money grow . There you go , your money just doubled itself without you having to intervene . Though risky , stock markets are a great place to invest and to doubling your money . Invest your money in profitable and growth accustomed companies and organizations as these business entities are valued higher .
PAMPER YOUR MONEY
By pampering , we mean to love it , respect it and save it . It is important because it will make your money grow exponentially . Manage your wealth in a way that it prepares you for the unexpected situations and circumstances . After paying off all your debts , tuck away rest of the money into savings . Let it rest , and let it grow . There will be a point when the money you saved would have doubled or tripled over time through interests . Remember to keep fueling your savings now and then .
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