Money Talks # 40 ???? - Mango and Money !

How do we think our mindset towards money rather than solely focusing on the amount we earn.

When you get money, How do you plan to split the money ? it happens at your back of your mind, right ? may be plan to pay EMI, buy a gift for your loved one or save for tomorrow or invest for your future ! what is your thought goes first ?

Same way if you get a box of tasty mangoes, what do you do ?

1. Clean and eat
2. Make pulp and save it for tomorrow
3. Take out the seed, plant it for a Mango tree

These days it is difficult to plant mango tree is not practical for all. But if you take the example of Mango, we can learn a lot about money management.

When you receive Salary or additional money. We will have same options :

1. Spend immediately
2. Save it to buy something in near future
3. Invest to multiply the money

It is clear that 3rd option is better, but it is not practical to invest all money. What we need is balance of all three ! Spend 50 % - Save 30 % & Invest 20 %, may be an ideal !

What is possible for you is your comfort. Creating a balanced approach can help you lead a good money life.

Happy money life to all.