Money traps to avoid if you want to own a house in your 20!

in hive-152587 •  4 years ago 

Money traps to avoid if you want to own a house in your 20!

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Degree:-

Don't invest your money in those degrees that can not give us money in return these types of degrees are called useless. So always engage in skill-based degrees.

Marriage:-

Don't invest your money in your wedding ceremony with a fair of people that What are they saying!
In Pakistan, most people spend their money on "Dholki", "Mehndi", "Walima"...etc is about 21 lakh🤐.
You can invest this 21 lakh in your business for progress!

Buying things that you can't afford:-

Like you buy a car such as BMW it's not an enterpernure thinking that he invest in a more costly car which is only used for traveling purpose. You don't have to show off like other people in society.

Credit Cards:-

Because credit cards you know needs 50% interest. It all looks good at the start. Don't get any type of credit card and personal loan it is a big money trap dude so avoid this. Always have emergency funds at your disposal.

Shopping:-

Like in Pakistan, shopping is becoming a hobby. People invest their money in unnecessary products and also they can't afford them but they will buy them on the behalf of a credit card.

Owning A house:-

Invest your money to buy a house. Cut your expenses, Avoid Loans......!
Be aware of these traps, save your money to invest, and get wealthy eventually.

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Regards

@umairyousaf

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