Money Makeover

Money can be earned or spend but if you have the awareness about how money process, In order to gain success over money and can begin building money from money. The skills you need to increase your money making is know how cash flow
Work on the system. To become rich must learn giving as well as receiving.

The only basic difference between a wealthy person and a poor person is the management of their fears regarding wealth. Lots of people think in reverse direction. They think that They are unable to bear the pain of losing money. So they never want to invest their money in being rich by investing. The most common form of not learning about investments is laziness and always saying that I am busy. The best cure for laziness is to ask yourself is, ‘What’s in it for me?’ Whenever you avoid something which you must be done, then the only thing to Be a little greedy and look what benefit that thing can give you.

Most people do investments instead of learning first how to do investing. Most important things about money making are not going along with the crowd. Saving is loosing if you are not investing; because without investment, nobody can create a wealth. Only savings never enough. Savings first step towards wealth creation is Savings are only used to create more money, not to pay you’ll bills. There are three different types of income: Ordinary earned, Portfolio, Passive. Fear and Greed are both two strongest emotions in a human which controlled life. Only a job can’t make your life secure. You need to solve all your problems and produces money. For this, you must know the difference between an asset and a liability, by knowing this start buy assets which produce money for you. An asset adds money to your pocket. But A liability takes away your money out of your pocket.

Lack of understanding of cash flow algorithm, people struggle financially. There is very much possibility of A person can be highly educated, professionally successful, and still financially illiterate. Concentrate your efforts on buying income-generating assets. Money is a person’s ability to survive. So ask yourself If you stopped working today, how long could I survive? Wealthy people buy assets but The poor only have expenses and the middle class increasing liabilities thinking they are assets like expensive furniture or costly cellphones on E.M.I.

The intelligent people focus on their assets while everyone else focuses on their income or salary. Too many people forget to mind their own business. They spend their lives minding someone else’s business. To become financially secure, a person needs to mind their own business. This means not mimic others and try to buy luxury items on EMI. An important difference is that rich people buy luxuries last, while the poor and middle class tend to buy luxuries first.

Always try to Keep your expenses low, reduce all the liabilities, and build solid assets like Stocks, Bonds, Income-generating real estate like a house which giving rent per month. Without learning about investment doing investment is gambling only. Learning is the only key. Your level of success is directly measured by your level of investment. If you’re not getting the desired results, it’s because you haven’t invested enough to get desired results.

Money can be earned or spend but if you have the awareness about how money process, In order to gain success over money and can begin building money from money.The skills you need to increase your money making is know how cash flow
Work on the system.To become rich must learn giving as well as receiving.
The only basic difference between a wealthy person and a poor person is the management of their fears regarding wealth.Lots of people think in reverse direction. They think that They are unable to bear the pain of losing money. So they never want to invest their money in being rich by investing.The most common form of not learning about investments is laziness and always saying that I am busy.The best cure for laziness is to ask yourself is, ‘What’s in it for me?’ Whenever you avoid something which you must be done, then the only thing to Be a little greedy and look what benefit that thing can give you.
Most people do investments instead of learning first how to do investing.Most important things about money making are not going along with the crowd. Saving is loosing if you are not investing because without investment nobody can create a wealth. Only saving id never enough. Savings first step towards wealth creation.Savings are only used to create more money, not to pay your all bills.There are three different types of income: Ordinary earned, Portfolio, Passive. Fear and Greed are both two strongest emotions in a human which controlled the life. Only a job can’t make your life secure. You need to solve all your problems and produces money. For this, you must know the difference between an asset and a liability, by knowing this start buy assets which produce money for you.An asset adds money to your pocket. But A liability takes away your money out of your pocket.
Lack of understanding of cash flow algorithm, people struggle financially.There is very much possibility of A person can be highly educated, professionally successful, and still financially illiterate.Concentrate your efforts on buying income-generating assets.Money is a person’s ability to survive. So ask yourself If you stopped working today, how long could I survive?The wealthy people buy assets but The poor only have expenses and the middle class increasing liabilities thinking they are assets like expensive furniture or costly cellphones on E.M.I.
The intelligent people focus on their assets while everyone else focuses on their income or salary.Too many people forget to mind their own business. They spend their lives minding someone else’s business.To become financially secure, a person needs to mind their own business. This means not mimic others and try to buy luxury items on EMI.An important difference is that rich people buy luxuries last, while the poor and middle-class tend to buy luxuries first.

Always try to Keep your expenses low, reduce all the liabilities, and build solid assets like Stocks, Bonds, Income-generating real estate like a house which giving rent per month. Without learning about investment doing investment is gambling only. Learning is the only key.Your level of success is directly measured by your level of investment. If you’re not getting the desired results, it’s because you haven’t invested enough to get desired results.

There are some important secrets of money management which are never disclosed by anyone in school or college. But they are as important rules as your academic education. Some good money management skill will keep you away from any kind of hardships in life. Here I am sharing some useful tips in terms of money.
Spend Wisely
Start making a budget so that you can know the exact figure of needs, wants, debt and savings. There is a very easy step for beginners to make their budget which is Budgeting your income using the “50/20/30” principle. These percentages give a very general and easy structure, depending on your lifestyle. No matter Whatever your income is and what rules you choose, though, remember that making a budget is useless unless you stick to it or you will lose your money. The rule says that you must divide your income into three parts and spend 50% of it upon Your Needs,30% of it upon your wants and 20% upon your savings or you can use it for any important email.
50% of your all income should be set aside for the basic daily needs to live like groceries, rent, medications or gas for cooking etc. 30% of income uses for Your Wants. The remaining 30% should be spent on things that you want but could live without those items like money for vacations, shopping, or a car. 20% of income should be a reserve for Your Savings and debt repayments like Student loans, and retirement accounts all come under this category. This 20% also includes investments.
Save and Invest Money
Saving and investing money isn’t the one and the same thing. They have many differences. We do savings and investments for different purposes. Investment is buying an asset to generate income from it over a period of time. Like you own a home and make money through rent from home. Like gold coins, which increases in their value over a time period. As everyone says that you should save money and only a few know what to do next?? Only saving is losing money. If you only save money in cash or in a bank account, it will not give you any benefits. Investment can only happen when you have some amount of saving. Unless you already own a sufficient amount of money, the only way to get it is through your savings.
Say Big “No” to Credit Card
It’s a common thing nowadays that getting what you want without any concern of whether you have the money to pay for it. If you wish to keep yourself out of financial trouble in life then say big No to credit cards. A poor attitude toward shopping more than affordability can have a negative impact on your life. Purchasing a cell phone just doesn’t look as big deal if you just swap your credit card, and not have to think about paying for it later. But, if you pay for this with cash or debit card you can feel the bill leaving your hand😀 and end up giving you a better sense of not only how much money you have left in your wallet or bank account.
Secret Saving for Hard Times
Unexpected things can happen in everyone’s life. So it is necessary for Everyone to save for the unwanted times like any medical emergency. A secret fund which is enough to cover three to six months worth of living expenses and gives you a security in a time of need without dependency on high-interest personal loan or asking for help from anyone. Always find a way not to go into debt in any situation. The place where you save this should be separate from a bank account you use daily, so you’re not trying to take it out. You can save money before you pay any bills or spend anything. Put an “emergency fund” category in your budget plan with a specific amount every month.
Avoid Show Off
Do not spend money to make other’s jealous. It’s complete nonsense. When anyone shows off, they do something for the reason that they want to attract someone’s admiration whom they didn’t like so much or they didn’t have so much importance in their lives. If a person owns something that he can’t afford but for show off, they take loans, email etc to buy those stuff which they don’t need actually. It must be avoided if someone wants to make himself financially sound. Everyone is different and there is no right or wrong answer. Money should be enjoyed and everyone enjoys spending their money on different things. However, that doesn’t mean you should be wasting money.