Save, Invest, Spend it Right

in financialmanagement •  7 years ago  (edited)

Everybody is longing to have a successful and better life ahead. A life of freedom. But how do we define freedom?
Well, this article talks about money. In broader sense, Financial Freedom.
We have read from various books anywhere, either from public libraries, bookstores or even from different online sites from several successful authors.
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But the key to financial freedom cannot be achieved through plain reading without application. It can either be learned or applied.
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One step to gain financial freedom is to start saving. Saving a portion of your salary or income is one helpful way to achieve financial advantage. You can put up atleast 10% of your income to a separate bank account. A minimum interest somehow makes it grow.
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When you have enough of your savings, it's the right time wherein putting up an investment is achievable. You have so much to choose from once you get there. You could either put up a microbusiness or anything that has marketing advantage. Making an investment where you have excellent passion makes your business grow, since you also love what you're doing.

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The last thing you have to remember is to spend it right. It's hard to resist from fashionable clothing and boots at the mall, craving for pizzas, soda, movies, snackbars and so on. The last thing you saw after all these craving moments left you empty-pocket. There are even times that leads you to a feeling of discomfort and puzzled mind, looking and grasping for answers as to where have your money gone. Spending your money right will take you away from confusion and leads you to a comfortable and satisfied way of money management.
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@surpassinggoogle. Check this out
thank you!

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investment is a gamble and you should know when and when not to invest

yes.. but somehow u go through your plans

COL Financial or Bitcoins???What's your view on this sir?

i am actually referring to stock market and/mutual funds.

or even microbusinesses.. that's my point.

we must invest for our future.

yes. but first, we must save.