Trap of money

FINANCIAL ADVICES ONE SHOULD MUST FOLLOW  THUMB RULES FOR FIN ANCIAL PLANNING. 1. 30 % of your income must be used for   monthly living expenses. 2. 30% of your income must be used for Liabilities repayments, if any.. 3. 30% of your income must be SAVED and INVESTED  for your future LIVING. 4. 10% of your income must be spared for   entertainments, vacations 5. 6 months expenses must be available for  emergency fund  (should be invested in LIQUID FUND, FD Etc) 6. Home loan must be registered and apply on both husband and wife name. (Both can get benefits on Home loan Tax benefits) 7. Buying  second house for investment is not advisable ( _Survey reports - it will fetch you only around 3% return_) 8. After 45 years of age, not supposed to enter into any BIG LIABILITIES  (Higher education of children and wedding of children will happen around 45 to 50 only, so plan now for the same.) 9. Have joint account @ Bank savi...

Why most of the rich outsource their daily life work like cooking , driving , clothing ,etc? Rich know the value of real money and how to earn it and knows the difference between money and time they usually saves their time for investing it on themselves. Let us consider time as a hypothetical Money but unlike real money we all have equal amount of hypothetical money every day we get up from our bed irrespective of an individual's caste , sex , religion , shape , size , bank balance ,etc .Every one has 24 hours in a day, The way people use it differentiates rich from poor . People has the choice to either spend it or invest it . The one who invest it on their growth end up earning high but the one who spend it end up loosing everything. Most of the rich outsource their daily work to the hired people . Rich know that they can earn more money than combined salary of the workers by investing his time on his own growth . There are also many small business owner who...

Money is the biggest trap in this world? Every one here needs to survive and want to occupy every element of nature In the world of cruelty and greed no one survive longer all due to lack of financial freedom Do really money is a trap ? I guess *NO* Actual trap is the FEAR OF LOOSING MONEY All earn for a living and earn money to live Not because they want to live because of money , eventually they will try to buy happiness . But because they give much preference to money in their life which eventually destroy them completely. Now you all must be thinking that why multi billionaire bill gates , mark Zuckerberg , Jeff Bezos got destroyed or bankrupted afterall they have earned money throughout their life and still earning more Because they never give more importance to money than necessary. Money is just a medium  which is used worldwide as a mean of exchange in the form of currency and precious elements, that's it . If you can't change your mind Just believe these w...