MONEY IS NOT THE SOLUTION

 

MONEY IS NOT THE SOLUTION

THIS IS A STORY OF KBC 5 WINNER SUSHIL KUMAR WHO WON 5 CRORES.

HOWEVER, AFTER FAILING TO INVEST HIS PRIZE MONEY WISELY, KUMAR IS NOW STRUGGLING IN HIS LIFE.

HE STARTED INVESTING IN VARIOUS BUSINESSES HE DIDN’T UNDERSTAND.


MOST OF THESE VENTURES FLOPPED AND HE LOST A LOT OF MONEY.

HE WOULD DONATE CLOSE TO RS 50,000 EVERY MONTH.

HOWEVER, MANY MISUSED HIS PHILANTHROPY AND CHEATED HIM OFF A LOT OF MONEY.

HIS NEW SELFISH FRIENDS MADE HIM GET ADDICTED TO SMOKING AND ALCOHOL.


HE HAS LOST ALL HIS WINNING AMOUNT AND BOUGHT TWO COWS, SELLING THE COW’S MILK IS NOW HIS WAY OF LIVING AND EARNING.

IT’S NOT HOW MUCH MONEY YOU MAKE, BUT HOW MUCH MONEY YOU KEEP, HOW HARD OT WORKS FOR YOU!!

 

 WE REACHED 100TH  POST..😍😍 LET’S REACH 500TH POST SOON WITH ALL YOUR SUPPORT..💗

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THE LEVELS OF FINANCIAL FREEDOM

THE LEVELS OF FINANCIAL FREEDOM

 LEVEL 6 : ABUNDANCE

(INVESTMENT CASH FLOW >> ANYTHING YOU WANT)

LEVEL 5 : INDEPENDENCE
(INVESTMENT CASH FLOW = LIVING COST)

LEVEL 4 : SECURITY
(INVESTMENT CASH FLOW = SURVIVAL EXPENSES)

LEVEL 3: DEBT FREEDOM
(FREE OF DEBT & START INVESTING)

LEVEL 2 : STABILITY
(LIVING EXPENSES = INCOME) + EMERGENCY FUND

LEVEL 1 : SOLVENCY
(DEBT/LIVING EXPENSES = INCOME)

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4 BIGGEST FINANCIAL MISTAKES AND HOW TO AVOID THEM

4 BIGGEST FINANCIAL MISTAKES
YOU SHOULD AVOID MAKING THESE
 

AGE 20: NOT INVESTING EARLIER

 AGE 30: NOT BUILDING OTHER INCOME STREAMS
 AGE 40: NOT PAYING OFF DEBT EARLIER
 AGE 50: NOT SAVING ENOUGH FOR RETIREMENT

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TIPS FOR PERSONAL FINANCE GOALS

 TIPS FOR PERSONAL FINANCE GOALS
1) BUY STOCKS ON MONTHLY BASIS

 2) SAVE 20%OF YOUR INCOME

3) INVEST IN LOW COST INDEX FUNDS.
 4) INVEST IN DIVIDEND STOCKS.
 5) READ 1 BOOK A MONTH.
 6) PAY OF ALL YOUR DEBT.
 7) CREATE ANOTHER STREAM OF INCOME.

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