I lost my dad when i was doing my Engineering 2nd year and I was forced to discontinue my engineering degree course as it required lots of money. I wanted to make my brothers continue their education. Also I wanted to be successful and rich in future.
From then on I cultivated the below mentioned small habits, which resulted in saving lots of money that was used for my family in a better way.
No Smoking,
No Drinking,
Not treating Girl Friends nor Dating,
No Weekend treats with friends,
Little amount spent on movies in malls,
Daily waking up in the morning 5:30 AM
Daily meditation for 30 mins for developing self confidence and living healthy and daily 15 mins of physical exercise.
Less spend on medical expenses till now due to healthy body and mind
Saving 30% of income (starting from 1st salary till now )
Using Debit cards to ensure i spend within my limits (Not used Credit cards in my life time)
Cultivated habit of not comparing my selves with any other person
Intelligently investing in SIP and Shares
Planned for multiple source of income
Benefits & result (after 17 years)
Improved concentration and self confidence with 100% focus and involvement in what ever i do.
Educated my 1st younger brother as a Scientist. Now he is a senior scientist in Seoul.
Educated my 2nd younger brother as a
Doctor and he is in ABUDHABI now.Owning a house of Rs 1 cr without any debt (EMI is completed in 8 yrs as I paid my Variable CTC as pre-closure amount every year )
Providing better education to my kids.
Finally planning to book Audi Q7 - my dream car.
Note:
I recently cultivated a habit of reducing the time spent on social networking websites such as Face book and twitter and reduced time to respond what’s app messages to groups. I used to spend an average of 3 hrs a day earlier and now i spend only 20–35 mins a day.
Results :
I am spending the time with my kids by teaching them. Now i geared up for my first kid’s exams starting next month and spend (invest ) time there.
I have already wrote an answer similar to this question earlier