How to pay price of money | Comprises to get rich/Money | awareness video by Asif Ali Official
There’s no magic formula for building wealth and getting rich. It’s simple, really: Spend less than you earn, and save as much money as you possibly can.
But in a world filled with student loan debt, cost-of-living increases, growing inflation and sudden financial emergencies, executing this straightforward plan might sound like a fairytale.
If your goal is to get rich, check out the following eight tips on how you can sidestep the obstacles and maintain your focus. They should help you understand what it takes to build wealth and find your way to financial security whether it is through investing or building your own business website.
No two people define rich the same way, so you should set your own financial goals and outline a plan for how to get rich on your own terms. To help shape your goals, here are some questions to ask yourself:
When do you want to retire?What major purchases—a second home, an art collection, a cellar full of fine wine—are you dreaming of?Do you plan on starting a family?Do you need to save for a child’s education?What does retirement look like for you? Downsizing, traveling, vacation homes on both coasts?What kind of inheritance do you want to leave for your children and family?
Answering questions like these can help you establish financial goals and decide how much money you need to save in order to fulfill your definition of rich. Then make a budget that lets you get to work.
