Sat Dec 31, 2022
"A man does what he must - in spite of personal consequences, in spite of obstacles and dangers and pressures - and that is the basis of all human morality. "
-John F. Kennedy
Knowing where your money is going is the first step to managing it better. Make a list of all your income and expenses, and see where you can cut back.
"I believe in innovation and that the way you get innovation is you fund research and you learn the basic facts"
- Bill Gates
Unexpected expenses can disrupt your finances, so it's important to have an emergency fund to fall back on. Try to save at least three to six months' worth of living expenses.
"The hardest thing to understand in the world is the income tax. "
2023 In India, you can claim tax deductions by investing in various tax-saving schemes such as Public Provident Fund (PPF), National Pension Scheme (NPS), Equity-Linked Savings Scheme (ELSS) etc.
"You were born to win, but to be a winner, you must plan to win, prepare to win, and expect to win. :
It's never too early to start planning for retirement. Consider setting up a National Pension System (NPS) or Employee Provident Fund (EPF), and make sure to take advantage of any employer matching contributions.
"Live as if you were to die tomorrow. Learn as if you were to live forever. "
Stay informed about financial news and changes in the market that may affect your investments. Also, stay updated with the Government policies and schemes that can help you save taxes and plan your finances better.
"Our prime purpose in this life is to help others. And if you can't help them, at least don't hurt them."
"Our It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. "
There are various financial management apps, tools and software available today which can help you keep track of your expenses, saving and investment in an easy and efficient manner.
By following these tips, you can take control of your finances and make sure you're on track to achieving your financial goals. It's important to note that financial planning is an ongoing process and it's important to review your financial plan regularly and make adjustments as per your changing circumstances.
If you want know more can join our free courses as well.
Yogesh Arun Lokhande
Financial Abundance Mentor.