- You can be so rich but to be rich you have to do many things in your 20's and 30's
In this post, I will share a few and very important points that will help you become a Rich and wealthy person by your 40.
RICH IS NOT ABOUT SPENDING BUT SAVINGS & INVESTING.
Give more focus on learning Demanding skills because if you have skills then you can easily get Job or you can sell your courses to a new learner.
You should have multiple sources of income in your early 20's or 30's.
Learn about investing because investing in good business Make you Rich without giving much effort.
Here are few points:
Make a stable income source - if you have a stable income source then you can maintain your monthly expenses.
Save more, around 30% to 40% - Savings is important to be rich, if you save more then you can invest more.
Build an emergency fund account - you should also have an emergency fund in case of any emergency in your family.
Take health insurance - Health insurance is important in life if you have health insurance it can save you money if you are hospitalized.
Take life insurance - Have life insurance to secure your family. Everyone should have life insurance.
Create another income source - A Rich person has 7 sources of income.
Invest your money in stocks, real estate, gold.
if you want to invest in stocks/Gold/Mutual fund then open a Free Demat account in UPSTOX
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comment down if you have More than 2 income source.
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