Why Smart Money Management Matters More Than Ever

in LeoFinance29 days ago

We all know that to live life and to live a good life, we need a lot of money, and money is such a thing that we consider a survivor in today's time. To buy anything, to go anywhere, to live anywhere, money is needed for everything. And starting this page is also a very difficult thing, so we have to work very hard. We have to listen to many types of resources because to collect money and to manage it is a very difficult thing. So manage the money as much as possible. Invest it in a good place. Suspend your life happily and your money with as much security as possible.

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In today's time, we have a lot of needs to fulfill everything. Earlier, people used to spend their time only on food and shelter. But in today's time, the basic human needs have increased so much; like with being in technology, one needs a phone. One needs a laptop. One needs Bluetooth earphones. All these are the minimum things that a child or a young person needs to be given because studies and education have become very expensive. In today's time, the fees for one semester have become lakhs of rupees, due to which we have to work very hard. We have to earn a lot because in today's time everything has become very expensive.

If we just remove the survivor, we need money to live our life according to our wishes. Live our life the way we want, enjoy it the way we want, get married the way we want, go wherever we want, and get a lot of freedom, which we like. We can get the kind of living comfort we want; we can live anywhere. We can do anything; all this is not possible without money. Hence money is such a thing that you should always save. You should keep it saved. You should always have an emergency fund. You should always have investments in a good place. You should always have separate money for spending, which you will spend on yourself.

In today's time, treatment and medicines are so expensive that if you do not have money, then you will not be treated properly. It takes at least 10 to 12 lakh rupees to get treatment in a minimum hospital. In India, the doctor who comes there does the medicine after a lot of hard work. That is why it is very important to have money in today's time because if you get sick and need to be taken to a good hospital, then it costs you a lot of money because the government hospital is useless anyway. You will not even be treated properly there, and you have to pay a lot for a private hospital. That is why there was always separate money for emergency and medical because, God forbid, anything can happen to anyone at any time. That is why you have always been prepaid. Keep a percentage of your savings for your medical expenses.

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If you remove all this, then education has become so expensive in today's time. You see that every university college charges a lot of money, which is a private institute. There is less in government institutes, but the private ones charge a lot. Today, the fee for a child of class one is 10,000 to 12,000 rupees. This is a lot of money, so if you want your children to study well and in a good place and in an English medium, you will have to save a lot, and raising a child is also a big thing because there is a lot of expenditure on it. A lot of expensive things are bought for him every month. The cream he gets is also very expensive, so everything depends on money. Your lifestyle also depends on how much you earn.

If I talk about myself, I save some money from the internship job I do now. I invest it somewhere. I have taken a new ship in which I invest ₹1500 every month, and I will do that for at least 40 to 50 years, after which I will mature it, and I have seen my father also open two or three FDS, in which money comes in at a good interest rate, so all these things are very good because you should invest as much money as you can and keep the money safe as much as possible and keep it safe only. Those who invest money in such places in the name of investment lose money in games or betting apps that you people have to update. You are given the light knowledge that your money gets doubled, so do not invest in all those things, because all those are very bad things, from which only your money will be lost and nothing else will happen.

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Lastly, I will say. If you start investing your money smartly from the first day of your salary, then you will never face any financial problems because we invest smartly and invest in a good place. Like mutual funds, ship HD in bank or take bank shares or close them. The government's money will increase in all these things and will increase a lot, and it will take time, but if studied properly, it will increase very genuinely, and due to which you will not incur any loss, you should not. Therefore, it will be distributed everywhere. It takes time to increase this money. You will have to give time. You will have to invest. You will have to invest every month. Many people do all this in order to become rich very quickly. The world's top investor, Warren Buffett, has also said that everyone wants to become rich quickly, but no one becomes rich slowly, so I always go for slow investment, and no one can become rich quickly. You will have to give time to increase the money.

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