In today’s time everyone does financial planning to keep their future secure, but many people are not able to decide how to save their money or to say that they should do their financial planning in proper way. Can’t do it
So if you are also facing this problem then this blog is for you because in this blog you will be given 3 best tips so that you can do your financial planning well.
Personal Financial Planning Tips In Hindi
Today I will give you three such Financial Planning Tips who will give Personal Finance Basics also means if you Personal Financial Planning If you are going to start doing these tips Will serve as a strong foundation for you.
please in “Personal Finance Tips” read carefully what your “Personal Financial Planning” Will give you a perfect start and you will have a good “Financial Planning In Hindi” will do-
1- Pay Yourself First
Pay Yourself First There is such a rule that can speed up your financial planning. According to Pay Yourself First Rule, whatever your earning is, first of all you should save for yourself and spend whatever is left.
Whatever money you earn, you divide it into two parts. You spend one part and you save the other part. Pay Yourself First Concept Tells you that out of whatever you earn, a certain amount that you have already decided, first put it in Saving and then spend the remaining amount.
for example, If your Earning is Rs 20,000 per month and you want me to do 20% Money Saving from that then the Rule of Pay Yourself First tells you that you put 20% of your Earning i.e. 4000 Rupees in your Saving first, which you then You can also invest in. And take the money left (Rs 16000) in your expenses.
Whereas what people do wrong, they spend the first month and save what is left, this method is wrong. Pay Yourself First Concept Tells you to “save first, then spend” and not “spend first, then save”. In this way you will be able to save a certain amount of money every month very easily.
Pay Yourself First Concept First The Richest Man in Babylon was seen in a book named Robert Kiyosaki his book Rich Dad Poor Dad I have explained.
Friends, the rule of Pay Yourself First has made a lot of positive changes in my life. You must also adopt it for better financial planning.
2- Invest in different places (Diversification in your Investment)
This method will help you a lot in personal finance. First of all, you save money according to the rule of Pay Yourself First.
But for a better financial planning, you do not let your saving money remain like this. You invest this Saving Money in the right place.
Here the question comes, are you investing all your savings in one place or investing in many different places? Personal Financial Planning Tips advises you not to invest all your money in one place, doing so greatly increases the risk. If loss happens then you will not be able to survive and all your dreams will be shattered.
Therefore you are advised to invest your money in different places. By doing this, the investment gets diversified and your risk is greatly reduced. If you lose in one place, then your money remains safe at other places.
for example, If you save 4000 rupees every month and invest all the money in one mutual fund, then doing so greatly increases your risk. you here your Diversification of Investment Will have to do
If you invest your 1000 rupees in one good mutual fund and invest 1000 rupees in another good mutual fund and out of the remaining 2000 rupees, you open RD of 1000 and you invest 1000 rupees somewhere else. If you give, in this way you reduce your risk a lot by investing in different places.
Share Market the magician Warren Buffett They also follow the same method. You must also follow this method.
3- Must have more than one source of income
One of the very important tips of Personal Financial Planning teaches you that if you keep only one source of your earning, then you will never be able to do a successful financial plan.
That’s because you’re only from one place Money Earning are doing. So if you will not be able to earn more money then more Money Savings Can’t even do it. And when you are not able to save more money, then more Money Investment Can’t even do it.
so you Multiple Source Of Income The path should be adopted, that is, ways to earn money from many places should be made instead of earning money from only one place. For this, you should do that earning from your active income and for the rest of the source of income, you can take the path of passive income.
What is Active and Passive Income? For this you can read this article of ours- “Do you want to become a millionaire?”
For example, if you work somewhere then it is a source of your income. Now you can do blogging along with job or you can become a YouTuber. If you want, you can also start a small business. All these will be your other source of income.
You can earn very good money from these Multiple Sources of Income. Nowadays many people are becoming rich by adopting this method. You too can adopt this method of financial planning and move towards a better future.
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