Lets Welcome the new financial year with the hope that this *new Financial Year 2022-23* shall bring in *Good Health, Happiness and Growth* in each one of us.
I am taking this opportunity to share with you TEN PRUDENT Financial Practices that I follow and recommend to all ...
1. Understand my CATCH SYSTEM.
Below link has a glimpse...
https://youtu.be/5J1HB-ABcvM
2. Create a MONEY TRACKING SYSTEM. It will enable you to evaluate your expenses.
3. Understand the Difference between your NEEDS and WANTS.
4. Formula For Personal Financial Success
INCOME - INVESTMENT = EXPENDITURE
5. Start investing at very early age. The power of compounding will enable you to earn good returns in future.
6. *Set GOALS* and Plan your investments. Long term Investment requires TOTAL DISCIPLINE.
7. *You may KNOW every thing*, but Financial Success depends on *DOING/ TAKING ACTIONS*.
8. Explore *multiple sources of income*. It is always good to have another source of income.
9. Don't delay paying your debts. It is always suggestable you should pay your debts as early as possible.
10. Invest in a way that, for your retirement life there will be enough saving to maintain your lifestyle and livelihood.
*If you find it useful or feel this can help your near and dear, do share it with them*.
Call on 9246271167 or write me @ biswajitroyhyd@gmail.com for any assistance on personal financial management.
Take care
Happy Investing 🙂
Biswajit Roy
Investment Coach
https://coachbiswajitroy.blogspot.com
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