Personal finance- Part 1 Wealth Creation - Deepstash
Personal finance- Part 1 Wealth Creation

Personal finance- Part 1 Wealth Creation

Curated from: iit-techambit.in

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Personal Finance: Wealth Creation

Personal Finance: Wealth Creation

Savings = Income - Expenditure, i.e. increase your income & decrease your expenditure to increase savings.

Follow budgeting principle:  

  • Needs: 50% of Total Income,
  • Wants: 30% of Total Income,
  • Savings: 20% of Total Income.

Smart ways to save more:

  1. Keep your emergency fund in a separate bank account to avoid using it accidentally,
  2. Stop/minimize using credit cards,
  3. Stop falling for impulsive purchases.

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WARREN BUFFETT

"Do not save what is left after spending, rather spend what is left after saving."

WARREN BUFFETT

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IDEAS CURATED BY

theromilshah

Community Content Curator 😌 Self Help ✨ Mental Health 😇 Productivity 📈 Career Success 🎯 Sci-fi 🎬 Coding 💻 Comedy 😹 Creativity ✍️ Human Relationships 🤝 Want a listener? 🗣️ Let's connect on Instagram: romilswritings

CURATOR'S NOTE

[1/4] Personal Finance is a very crucial concept that is often ignored. This is an attempt to spread awareness related to personal finance.

Romil Shah's ideas are part of this journey:

How to Succeed at Investing

Learn more about moneyandinvestments with this collection

How to create a diversified portfolio

How to analyze stocks and bonds

Understanding the basics of investing

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