Just one week to go in year
2014 and everyone is ready to warm welcome year 2015. Every year we learn some lesson
from our life experience and we try to improve it. Today I want to share some
of my experiences what I learnt from my life, out of these some you may read it
or some you may hear it. But I think it will surely help to build your financial
life in better way in coming year.
“Do not depend on single income. Create a second/third source of
income”
Small start of second income will surely help you, so commit to start
it. Every person has some skill with the help of it, you can start it. Share
your special skill with the world and slowly it will convert in to income
steadily. First things you have to search that skill in YOURSELF and make it
your project of creating income for the year 2015.
Lesson
#2
“Hold the vision of wealth creation”
Do not hold personal finance with worry; hold it with vision of wealth
creation. Holding such a bigger vision can help you to create a better wealth
in your financial life. Take this lesson very sincerely will give you direction
in your life. As an investor if you want to live awesome life convert this
lesson in to project of wealth creation for coming year 2015.
Lesson
#3
“Read good personal finance book”
I strongly recommended you to start reading books because my own
experience says books are great way to learn new stuff and ideas. “Good books, like good friends, are few and
chosen; the more select, the more enjoyable” One book every investor must
read 11principle to achieve financial freedom. It will surely change your relationship with money. You should make
small library at your home and can start working on this lesson very soon.
Lesson
#4
“Make new friends and help them”
I can say helping people to manage
their MONEY is my true job as an advisor. But I learnt lot of stuff
from making new advisor friends. I have many advisor friends with whom we share
ideas with each other. As an investor you can share knowledge with your friends
like helping to surrender traditional insurance plan and take term plan. You
will also gain knowledge indirectly during this process. If you’ve surrounded
yourself with good friends, they’ll remind you of your goals. I think this is
best lesson to work in action in coming year.
Lesson
#5
“Pay your outstanding”
This lesson written in last by me but it is first step to take in action
by you. If you have any outstanding loan like personal loan, car loan, credit
card then repay it first. However if you are paying your EMI for home loan,
education loan or business loan it is good because it is good debt with the
help of such loans you can increase your wealth in future. So decide your good
debt and bad debt first and then pay if it’s bad debt and start to invest same
amount for your goals.
After reading all above
lessons start to practice it and you will feel the high level of liking in your
life.
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