Most people think personal finance is not important, but the reality is it’s important to manage finances, as this will lead to a stress-free life, think before you spend, this will boost your confidence.
Many think if they invest in mutual funds they will become rich in a short time, but the reality is investments without discipline is a myth. we have to be careful about the spending we do each month and have a monthly budget on spending, it will help you to reach your financial goal more effectively.
As its rightly said by Warren Buffet, one of the most famous investor:
On earning:” Never depend on a single income. Make investment to create a second source.”
On spending: “If you buy things you do not need. soon you have to sell things you need.”
On savings: “Do not save what is left after spending, But spend what is left after saving.”
On Taking Risk: ” Never test the depth of the river with both the feet”.
On investments: ” DO not put all eggs in one basket”.
On expectations: ” Honesty is a very expensive gift.DO not expect it from cheap people”
Wish you a happy life!!