Thanks for the very good advice in real practical terms with proper logic and mathmatical formuls, also would like to say that as on date people thinks there is no interest in the banks in fixed deposit but u emphasis on the fix deposit which safe way to save money. The advice is help full at all time if ot applicable peoples like me who is turning arround 40 will help to the childrens who are growing up and suppose to start earning very soon in near future. The most important thing which learnt is " earning, saving,investing" all are diffrent saving is an art, investing needs smartness and earning is common to all even a rickshaw puller also earning.
To become a millionaire we must have a variety of ways to attain that dream. To become one we must be able to have tenacity and focus of concentration and attain that dream no matter what the consequences may be. To be rich we must be able to delay our instant gratification by making the habit of savings in the bank and earn interest income and be able to wait for a decade or two so that the cash saved could be used for investment in stocks, time deposits and bonds. To become rich we must be frugal and buy only what is needed. We must earn more than what we spend and if possible never lose money. We must also invest our money in mutual funds as it is one of the safest form of investment. We must treat our money as our servants and money becomes only our servant if we can harnest income from them. We must also have passive income, this is an income which we earn even if we sleep at night. Passive Income refers to money invested in stocks, bonds, time deposits and savings deposits because they earn income whether they be interest, stock or cash dividend and we have not exerted efforts in earning it except time.
one of the best pieces put up on your site. the introduction was great, and the details following suit were insightful. the title was very catchy, but the highlight was the part where you started with the cricket story. that clinched it and kept our interest. the links were very detailed too.
Respected Editor, The message posted is absolutely fabulous.This kinds of articles are very motivating for youngsters like me.More and more articles like this needs to be posted which will do a lot good for us.
