#theartofwealthbuilding #financialplanning #cfp 6 pillars of great financial life
I am going to talk about 6 areas of financial life which are like pillars. If you are clear about these ground rules and start some serious work on all of them, your overall quality of financial life should go up. But having said that, it's a long term activity!
1. Rule of Earning-
“Do not depend on a single income. Invest and create a second/ third source of income”
2. Rule of Spending-
“If you buy things that you do not need, you may soon have to sell things you need”
3. Rule of Savings-
“Do not invest what is left after spending, instead spend after you save/invest”
4. Rule of taking Risk-
“Never test the depth of the river with both your feet”
5. Rule of Investing-
“Do not put all your eggs in one basket”
6. Rule of Expectation
“Control your expectations, and control your happiness – they are the same thing”
Practice these 6 rules in your financial life
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