How to being financial independent

 

How to being financial independent

How to being financial independent why I choose this topic because most of the person, particularly Indian families didn’t save their money, after the retirement period don’t have enough money for them, this is very common mistake doing maximum number of persons, I recently read a financial book, I’m very inspired from there so I thought I want to share this with all.  financial independence is not an easy matter but you can do it, But you have to know some basic things then only you will become financial independent. First of all, you have to improve your financial knowledge, and should promise to you “I will become the rich ”, why I’m saying because that promise you will always keep in your mind, that’s will give self-confidence and you‘ll Achieve your dream. You have to read financial related books like Rich dad poor dad, Think and grow rich, The psychology of money, That kind of books will give you more knowledge about how to handle money, how to become financial independent, you must read this kind of books, you have to improve your financial knowledge.

 

Why people don’t think about money making

Why people don’t think about money, why because daily salaried person waking up on the morning and they’re next thoughts about I have to go to my office or I have to do this today in my work, most of the persons depending only on jobs, this is maybe the reason for don’t think about money-making. Weekly 6 days going to the job, and monthly salary will go for house rent, loans, EMI, etc. the salary gone by these of liability this is happening in all middle-class families this is the reason for always poor being poor, middle class being only middle class. This rat race didn’t understand most of the persons.

Didn’t think about investing, investing always returns more.

  

Why should invest

 You should invest your money investing always return more, here you have confusion where I have to invest, investment best  source is share market but in the share market, but you have good knowledge about that, otherwise, you can invest into mutual funds, mutual fund is the best option for investing, Equity fund is the best option for investing because I already said in my mutual fund blog, I will say you one more that An equity fund is a long term scheme so that always makes a great return from that so set your investment mindset and  if you want to invest in a mutual fund equity fund is the best option for you.

 

Pay money for your goal

Pay money for your goal, this is the most important one, for example, your ambition is want to become muscision but you buy a car it's  very common to mistake most of the people doing, so don’t do that kind of mistakes. Pay money for your goal always what do you want really, which will help your future, observe that first then pay for that.

 

Money making skill

Money making actually is a skill why because you have to learn that first, money-making is easy but saving and investment is the toughest one, its tough thing but you have to accept that first. Then you should learn that investment is always challenging for all middle-class people but you have no way here you should invest. And you should know the difference between asset and liability already I said this  very detail in how assets and liabilities changing your financial status blog

Asset always generate money but liability always increase your debts, so understand that, learn how to make money.

 

Always take just Little risks

 Risk-taking is good I’m saying about little risks like start your own business and learn from that how to invest how money is working etc. own business always will help you for making a good decision you can learn more financial knowledge from that, you will become more practical, why I’m saying because business always needs practical knowledge so own business is always growing your financial ability. Business sometimes will face losses that loss will teach the lesson for you, how to run business very carefully, how to use the business strategy, like that. So little risks always good.

 

Learn from loses

 Loss is a very good lesson in life not only financial loss, time, relation, etc. losses always teach some lessons you should know that first then only you will don’t repeat that mistakes next time, so learn from losses.

 

 

 

I hope  you all understand how to being Financial independent

 

                                                  

 

 

                                                                               I hope this blog will help to you