Money

4rvt...A6ze
27 Dec 2022
40

In today's world the most powerful thing is money. If you have the money you are the king and if you don't have you are poor. The society will treat you about how much money you have the more you have the money more respect you will get from others. So if you have money means you have power.

Can money buy happiness ?


Money can buy you the things that gives you the happiness. If you like a car and driving it give you happiness. If you have money you can purchase the car and that will make you happy.
Having a higher income can give you access to homes in safe neighborhood, better health care and nutrition, big house and etc. But this only works to a certain level once you reach the peak point your basic needs are easily fulfilled but you will get into stress of earning more and more doing long hours of time. So money can only buy the things which gives you happiness.


Money management :

Money management is the technique to give the highest interest-output value for any amount spent on making money. Many peoples earn money but they don't know how and where to manage the money.
Generally people who have a medium job what do is will buy vehicle, house and mobile phones on EMI, by doing this they are stucked in a debt trap by paying there EMI for years. Lack of money management can lead to cycle of debt and financial strain.

Principles of money management yo should follow :


1. By intelligently investing your money : invest in gold, real state, crypto, stocks wisely in these you can intelligently invest your money but at your own risk.
2. Diversify :
There should not not only one source of income, there should have more and more source of income so diversify your investment.
3. Invest for long-term :
Keep your vision on long term. Because long term will give you maximize profit.


Get fast shipping, movies & more with Amazon Prime

Start free trial

Enjoy this blog? Subscribe to Unknown😜

3 Comments