How to create wealth (Practically) ?
Simple and Really !
Few simple steps to Create Wealth by your small amount of money / Business:
- Buy a small Ruled Note book (or) Download ‘Expense Manager’ App on your Mobile.
- Write / Note down your Day-to-Day Expenses; After Completing a month, Make a total of your expenses with some specific titles on Grid (Like Travel, Mobile Phone and Data Expenses, Food, Electricity, Medical, House Rent,Entertainment,Tour,etc)
- Do it for the next 3 months and try to draw a Comparison Chart / Trend of Monthly Expenses. Now, you can know the Clearance of your expenses, where it goes…
- Follow your rule like as, [ My Monthly Pay - Savings = Spend ]; Now, you have a salary per month and also knowing about your monthly expense through the First 3 Steps. For Savings, you just go to the next step.
- Buy or Steal, ‘Rich Dad, Poor Dad’ Book. Read only Hard Book, don’t go for the Kindle Edition or Soft copy. (Read only Hard Covered Book that will make you exciting anywhere)
- Make it a Daily Habit of the First 5 Steps; Don’t go for the Mutual Funds, FDs, Stock Market with out this habit. Else, you might blame all of this Powerful Passive Earnings(FDs, Mutual Funds, Stocks).
Drive the Car without knowing the Basic, is Ridiculous and Dangerous :)
