TOP TEN TIPS TO BECOME RICH

Earning a lot of money and enjoying the life with family without working much is a pretty common goal. However, if you want to learn how to earn a lot of money and become financially free , you 'll need to follow some basic rules. financial freedom means having a lot of money, a beautiful home, a beautiful car, good education for children and vacations with family.These financial tips will help you to achieve your goal.

Here are the top ten financial tips to give you a perfect idea to become rich.


1. Check your spending habits. Watch your last six months of bank statements. Do this every two months to watch where you are spending more money.

2. Build a monthly budget. you should know how much your family earns and how much you spends every months.

3. Live below your means. Try to spend less than you earn.There can be no achievement without sacrifice. for example Buy used car rather than new. Financial freedom is more important than social status.

4. Pay yourself first. Save atleast 10 % of income each month you receive. You should put a part 10% of income when you recieve income and then you should start spending the rest of money for your expenses.

5. Educate yourself about investing. You should educate yourself about diffrent types of investment plans like stocks, mutual funds and real estate etc.


6. Seek advice of wise men. You should ask from the wise and experienced man before putting your hard earned money in any invesetment schemes.


7. Invest in Low risk schemes. Start investing in Low risk schemes. These schemes produce a little profit but you money will be secure and as the time go on , the money will increase more and more rapidly. Try to avoid high risk schemes if possible. Money that comes quickly, goes the same way.


8. Buy your HOME. Buying your own home can be the most valuable investment for you, if you want to remain in same place atleast for 5 years. Try to buy a home near schools, library, or station if you want to gain profit selling it after some years.

09. Save for the rainy day. Put aside atleat 3 times of your monthly expenses. In case if you dont have work, you can live for 3 months with this money and in these 3 months you can find another job.


10. Strat your Own business. If possible start your business because you can never become financially free if you are working for someone else unless you are a CEO of a big company.Work for yourself rather than working for someone else.

Bonus tip. Enjoy life. Enjoy your life while you are here and do not try to save too much.At first Just try you save one tenth of your income and invest it in any secure investment plan.