How to become rich with 9-5 job π°
This is the easiest way of financial planning specially for beginners
(And for all!)
This is how you'll become rich with 9-5
(Hint : Only If you follow 50-30-20 rule)
Wait....What? What's 50:30:20 rule?
Don't worry. Just readβΌοΈπ
1/ Budgeting - The 1st π to financial freedom βΌοΈ
If you earn, you need to budget your money.
A budget is telling your money where to go instead of wondering where it went.
Budgeting your money is an investment in your future.
2/ Start budgeting your money. Have a plan about how to use the money you'll receive.
Don't think that your salary is less and you can't save. You can. You just have to find a way out.
The sooner you start Investing, the sonner you'll be a millionaire.
3/ So, the million dollar question - What's 50:30:20?
If you have just started your career, the 50:30:20 formula is the best one and the simplest to follow. ( Btw not only for starters, anyone can do it π―)
4/ This is how you must allocate your money and make a budget π
50% - Needs (Rent/EMI, Food, bills, etc)
30% - Wants (Car, A trip, Electronics, etc)
20% - Save (Retirement, education, etc)
Invest ( Stocks, Real estate, gold)