Tit Bits Sunday
Priyank Kothari
Building My 2 Cents | Finance | Taxes | Strategy | Mutual Fund Distributor | ACMA | CFA all levels cleared | Kairos Fellow |
I am sure by now you must be boosted up and all you want is to get up and start saving money doing all the things I said.
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There are some small tit bits you should also know about ...
1. Don't be afraid to make mistakes :
Even though I have warned you about common mistakes there are many more that you will encounter as you take the first step. People usually give up or get afraid when this happens as this is something out of the syllabus. Just take a deep breath when it happens and start again.
2. Spend Money :
Yes, spend money, money cannot buy happiness, but you must spend money on things that make you happy. The whole purpose of sharing these initial 7 days was that you have a control over this spend and know what you are doing with your money. If you live frugally now and do not have a life to enjoy the money you saved it will not be of use.
3. Flexibility :
Always be flexible there is nothing confirmed in life except death so if you stay flexible with yourself you would enjoy the process. This does not mean that you become liquid, always try to find a way back to the goal.
4. Keep Learning :
I can be the primary source of your knowledge, but this newsletter does not aim to be the ultimate financial guide. You should keep learning many more things and find what suits you the best.
5. Realize your goals :
This may be the most important thing; you must realize your goals. People save thinking they would buy a car, get a home, spend on vacations get married etc. but when time comes, they do not withdraw this savings and try to find alternate ways to get the goal or delay the goal. All your effort time and loss of momentary pleasure got wasted if you did this. Money in hand is important and there will always be more to achieve, but that savings will not give you the pleasure of a drive or having a dream home or that vacation you were yearning... So, realize your investments and fulfill your goals.
Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer
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