Top 5 Wealth Building Secrets to become Rich
1. Never spend more than what you are making
The quickest way to building an avalanche of debt is to spend more money than you bring in. If you cannot pay cash for something, then the reality is you can’t afford it.
"If you buy things you do not need, soon you will have to sell things you need.”
Warren Buffett - chairman and CEO of Berkshire Hathaway
2. Invest in yourself and your future
invest in your future. Even if you can only afford a little, invest that. You will be pleasantly surprised to see how that money will grow for you over time.
3. Have values-based financial goal
It is believed that there is an inflation rate of about 6.5%, but economists say that you should only assume 7% on the safe side. In simple language, that the price of 100 rupees
today, will decrease by 7% next year, and will be 93 rupees, and next year it will be reduced by 7 more to 86 rupees, Deposit Money for future Dreams keeping this in mind,
4. Ensure you protect yourself against risk
It would be best if you protect your biggest asset, which is you You never know what life can throw at you, Be prepare for emergencies by protecting your income
5. Do not carry debt
Debt is the most considerable way to lose your hard-earned money because it costs money to carry debt.
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