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 Greetings, Just 10 simple rules to take control of your finances: Let’s understand each of these rules in detail. 1. THE NET WORTH RULE This rule originated from 'The Millionaire Next Door' book. It has a simple way to determine if you are wealthy in the US. Multiply your age by your pre-tax annual income & divide by 10. If your net worth surpasses the result, you are wealthy. There’s an Indian version of this as well. Some experts suggest using 20 instead of 10 as the divisor in the Indian context. For instance, say you're 30 and earn Rs 12 lakh annually. Your net worth should be at least Rs 18 lakh to earn the 'wealthy' title. 2. RULE OF 72 This helps you determine the time it will take for your investment to double. How does it work? Simply divide "72" by the rate of return you are earning. For example, with a 9% return, it will take 8 years (72/9) to double your investment. 3. RULE OF 70 This tells you the impact of inflation. Divide "70"

 Here are 10 things Warren Buffett do to spend/save money everyday: He lives in the same modest home in Omaha, Nebraska that he bought in 1958 for $31,500. The house is currently worth around $1 million, but Buffett has lived there for over 60 years and has no plans to move. He rarely takes out loans. Buffett is averse to debt and prefers to pay with cash. He has only taken out two loans in his life - one for a mortgage and one for a business venture. He buys breakfast at McDonald's every morning and never spends more than $3.17. Buffett says he spends on the same breakfast every day because it's cheaper than eating at home. He doesn't splurge on expensive brands. Buffett is known for wearing inexpensive suits and driving an older car. He believes in getting good value for his money. He doesn't waste money on luxuries. Buffett doesn't collect cars, houses, or other expensive items. He lives a very modest lifestyle compared to his massive wealth. He avoids credit car

  3 things: 1. When people want to make fun of you, laugh with them. No need to put effort to find a comeback. They'll know you are an innocent guy. 2. When people want to make fun of someone else, don't join them. Be the guy who is silent throughout and talks to the victim after they're gone. They'll know you're a nice guy. 3. When people want to talk/share anything from life stories to personal secrets, just listen. Don't talk. Show more curiosity than they expect. They'll know you're a trustworthy guy. You'll be loved :)

 Take control of your life. If not now then when? Talents: Finding what you are good at, what are your likes, dislikes, etc. Dealing with stress: We all experience it but you gotta learn to deal with it in your own way. Run-away fund: Save money for a rainy day, month or whatever. A fund that can sustain your expenses if you lose your source of income. Diet: Fixing your diet, getting in the habit of eating healthy rather than just going with the flow, New language: Learning a new language is always fun and also it decreases the risk of Dementia and Alzheimer. Multiple income sources: It’s foolish to keep all your eggs in one basket. Whether it’s investing or a side business, it’s the way to go. Ignoring people: Learning how to stop caring about what people think and do what you want anyway. Chase joy: It’s about doing what makes you happy. Whether it’s hiking, writing, etc. Exercise routine: Knowing yourself and what you like. Is it weights or cardio? Developing a consistent rout

  Business Idea No.1 : Print on Demand Business Start a print on demand business with a minimum investment of ₹20,000. You can design and print t-shirts, accessories, and other products with your own designs. Business Idea No.2 : Food Truck and Stall Business Start a food truck or stall business with an investment of ₹20,000 to ₹2,50,000. You can sell a variety of food items and earn a good profit. Business Idea No.3 : E-commerce Reselling Business Start an e-commerce reselling business with zero investment. You can sell products on platforms like Amazon, Flipkart, and eBay). Business Idea No.4: Online Education and Skill Development Start an online education and skill development business with an investment of ₹1,00,000 to ₹5,00,000. You can create online courses and sell them on platforms like Udemy, Teachable), and YouTube. Business Idea No.5: Content Creation Start a content creation business with zero investment. You can create content on platforms like YouTube, Instagram, and Ti

  I am a salaried employee and here are where I invest my money health insurance -  hospitals are costly . They drill a hole in your pocket . Buy health insurance right away for everyone in your family . life insurance-  another important investment . My life insurance is done by my company , I took another insurance from TATA AIA Both these insurance can be claimed while filing an ITR . FD -  I have this simple rule . I save some amount every month in an account I do not have a debit card for . As soon as my savings hit 50k , I make a recurring FD of that money . I haven’t decided how or when I will use it , but I’m just doing it RD- start  an RD of as much money you can easily shell out of your pocket every month . Since I have no specific goal, I just chose an RD which gives me the best interest rate , without having a time frame in mind Emergency fund  :  The goal is to have an amount that will take care of your monthly needs for a period of 3–6 months in case of sudden layoff . mu

F irst you have to know the some basic terms:- EQUITY MUTUAL FUNDS:- means basket of stocks, which is managed by well qualified funds manager for their management you have to pay some fees, which are called as expense ratio.. you can invest into mutual funds via two mode which are as:- A. SIP B. LUMSUM in sip, you. can invest your money on regularly, fortnightly and monthly basis in lumpsum, you can invest your money in one time.. i recommend you, before doing investment, below mentioned points you have to clear:- A. know your risk apatite B. decide your investment as per your risk profile C. clear your goals, as per your investment D. are you willing to take risk for more return historically seen that if you stay more than 7yrs, there are 99% chance that you will get positive return over a period of time… but seen that more than 50% people take out his money form mutual funds, before one year, reason is that he come to get quick return,… but he forget that investment into mutual funds

  Always return borrowed money ASAP. When you are going to stay at someone's place, buy some sweets or snacks for them. While making a small talk with someone you just met, if you ask where they live and they just tell you the area and not exact place, don't be creepy and ask, “Yeah but where exactly at xyz colony/ street?” Don't ask people you just met too many details about their family. Don't ask questions that'll lead to conclusion about someone's financial state. For example, don't ask people their salary. While talking about someone, if you find the other person ignoring the question or if they seem uncomfortable, just change the topic. When you see someone cry, always offer them water. When you see a crime happening or if you land up at the place after something has happened, inform the police. Call the ambulance when you witness a road accident. Help the victim if possible. When you borrow someone else's vehicle, fill the petrol tank before retur

  Advice that anyone can take. You can take these advises even if you are 70 of just 17. Don’t invest in Materialistic flashy things Car : Don’t spend more that 10% of your income on your car , its never gonna add more money to your bank account . Don’t invest even if you have loads of money Mobile : Times have changed , no one really cares what phone you use . If you have friends who intrigue into buying expensive phone , you probably need to change friends. Parties : Alcohol and cigarettes are expensive and does no good to anyone . Wanna have fun , just go for a trip instead of parties , trips are worthier . Online shopping : When you have to buy something , just go and buy only that thing , don’t peek into things you are not gonna buy . Savings : Spend what you have after saving and not the other way round. Investment Mutual funds : Invest regularly Stocks: Invest but not before having knowledge. Properties : Invest when you need it the most. Invest in Intellectual properties:

 I was born in a middle class family & below poverty line I've been through the phase where 1. We don't have gas stove to cook food my mom used to cook food on oven. 2. We borrowed rice from neighbors sometimes. My Parents don't even ate sometimes.  3. My father took several thousands of rupees  for the education from money lenders and my mother pawn her jewelry's. We fear of rainy season because my house is full with rain water we used to keep utensils to catch rain water. 4. Me & my brother's never purchased clothes of more than ₹2000 5. We never brought shoes more than ₹1000 6. We had brought our first refrigerator in 2021 & Washing Machine in 2024. 7. I got my first smartphone in 2020, after becoming FTE 8. We couldn't afford a Bike, not even a second hand as my father was a small farmer/auto driver. 9. We brought our first bike in 2024 10. I never celebrated my b'day with my friends in college as I don't wanted to waste my father's m

 1. Workout: You can automatically look better than 80% of the population by hitting the gym and cutting out junk food. 2. Always keep your word: Do what you say you're going to do! Accomplish your goals, people will pay attention. 3. Control your emotions: Stop reacting to everyone and everything. People who can trigger your emotions have power over you. Choose wisely who you give this power to. 4. Start building your future: Do it alone, do it broke, do it scared, just do it. Learn to sell, learn to invest & chase that money. 5. Don't react: When you don't care or react to the BS, people get scared. They realize they have no control over your emotions. 6. Create solutions: Too many people complain. Create a monetizable solution. Sell it, and make money. 7. Control what you can control: Some shit you can't control, but you can always control how you react to it. Staying calm is a superpower of the strong. 8. Don't give fuck: When you don't care or react to

  1. The less you give a damn about what other people think, the more powerful you are. 2. Porn, drugs, and alcohol have no advantages. You get poorer, dumber, and fatter as a result. 3. You still have time to enjoy a good time, but first work on improving your financial, physical, and emotional health. 4. Set out 40 minutes daily to learn a high-income skill, exercise, and meditate, and you'll be unstoppable. 5. Make your financial stability a top priority. Money makes life ten times easier. 6. Your life has been a complete mess because of your "I'll do it tomorrow" mentality. Act now for the future. 7. Have self-respect and never tolerate disrespect from others, not even from your friends. 8. Stop daydreaming about your future and put forth the effort to achieve your goals. Risking is better than regretting. 9. Stop staying in your comfort zone, it will only prevent you from growing. 10. Do not waste your energy worrying. Use your powers to think, learn, create, and

The guy who likes you when you don't look the best, will keep liking you when makeup stops working on your face. When a guy looks at your breasts while talking, he isn't staring at them, he is just a little shy so his eyes are down. The guy who can't take a no for sex, or foreplay, or kiss or anything related, doesn't see you with him in the bigger picture of life. When a guy talks to you with respect or shows care, it doesn't mean that he is frustrated or is trying to woo you, that may be his nature. When a true lover asks you for nude photographs, you must straightaway know that only their lust for you is true. However rich a man you get, you can never earn that high self-respect which you get by being independent. A cool dude, who appears to be that by his styling or looks maybe much old fashioned than a traditional looking guy, and vice versa. A boy who cries isn't weak, he may be stronger than other guys. Never judge a guy through his promises, judge him th

  1. Picky Choosers: Men with specific criteria for their ideal partner that can make it challenging to find a match.   2. Shy Guys: Men who struggle with self-esteem and initiating conversations with women.   3. Man-Child: Immature men looking for someone to cater to their needs without reciprocating in a relationship.   4. Players: Men who avoid commitment, preferring to flirt and keep their options open.   5. Bitter Men: Those who have been hurt in past relationships and carry negative emotions towards women.   6. Unattractive: Men who don't fit societal beauty standards and struggle to attract women.   7. Secretly Gay: Men who hide their true identities due to societal pressures and fear of judgment.   8. Lack Confidence: Men who lack self-belief and struggle to approach women due to past insecurities.   9. Too Nice : Men who are overly agreeable and end up in the friend zone rather than romantic relationships.   10. Lack Effort : Men

  Credit card . I have a friend who earns Rs.20,000 and spends lavishly with credit card. He buys expensive stuff just because  its on OFFER . By the end of month, he calls other friends for money to pay debt. That’s utter stupidity. When I ask him, he says he is living life. Think about it, why do credit card company exists? Its not because of people who use credit cards carefully,  its because of those who spend more than they can afford and end up paying a huge interest. Buying apartment with home loan . As soon as someone starts making decent money like Rs.50,000+, they start thinking about buying apartment. They get blinded by marketing strategies like   “don’t pay rent, pay EMI” , like EMI is same as rent. Home loan is a biggest liability and you will get  trapped for the next 20 - 30 years while Artificial Intelligence eats your job . Till you pay the loan, it is  NOT YOUR HOUSE . It is bank’s house. Agreement may have your name but it is legally owned by bank.  You are the tena

  Groom yourself,  even if you're living alone . Keep your beard clean and trimmed. Girls may wax, if necessary. Always carry a wallet, Comb, Belt, Perfume, a pen with you. Workout at least 1 hour  a day, it's the least you could do for your body. This will keep your confidence up, your body healthy and your face free of pimples. Cover your mouth while sneezing, coughing, etc. Say ‘Sorry/Excuse me’ afterward. Invest in  your own  personal hygiene  like flossing your teeth, cleaning your mouth, wearing cologne. Speak a bit less and think before you speak because one wrong word can hurt your personality. Talk looking into the eyes of the other person. Be a man of  your  words  , If you promise to do something for someone, make sure you do it . Show respect  for other person’s opinion. Never tell a person he or she is wrong. Learn the  difference between Ego and Self-respect . There's a very thin line between them. Hustle as much as you can . Fast success brings ego, slow succ

  1.Choose the right partner Your partner can either break you or make you. If you want to please your partner only by spending on wants, you will end up being broke. Find a partner who shares your money philosophy. A person with high morals who does not value the superficial. 2.Luxurious lifestyle The more income we have, the more we are tempted to buy more and look good. If you chase a luxurious lifestyle, you will not save and invest. Outward appearances do not equate to success. Success is having control of your time. 3.Failing to upgrade a career Your 20s are a golden age to level up professionally. You should: - Learn skills - Change jobs - Ask for raises/promotions This ensures that your career has an upward trajectory. The more income you have, the more assets you can buy. 4.Spending a lot on weddings A wedding does not have to be expensive to be memorable. Do not be in debt for a one-day event. There are affordable ways to celebrate. Be on a budget and do not overspend. There