The first thing which you need to have a financial discipline. Well! What about income? Definitely, you have to earn before investment. Do your business, job, etc. But the thing is, if you are keeping your money in the saving account, definitely you are not going to be rich. You need to learn how to grow your money. So, here I advise you to keep some money in the savings for emergency purposes and invest the rest money as per your future requirement. Because this is the way you are going to utilize your money in an efficient way which will help you in creating your wealth. The investment avenues can be Stocks, Mutual funds, PPF, NPS, Bonds, Gold, CryptoCurrency, etc. Invest in these funds as per your risk appetite.
The sooner you start investing for longer-term as much as you can, you will able to create more wealth. The power of the compounding effect has a crucial role in increasing your money, so start early.
Here, the intention is to motivate you to start investing as soon as possible.
More updates are on the way, till the time expand your financial knowledge from as many as different sources. Learning is necessary for your growth.
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