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Categories Financial rules

7 days 30 days All time Recent Popular
MoneyWell | The Wealth Creator \U0001f4b0
MoneyWell | The Wealth...
@MoneyWell_
How to become rich with 9-5 job ๐Ÿ’ฐ

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 readโ€ผ๏ธ๐Ÿ‘‡


1/ Budgeting - The 1st ๐Ÿƒ to financial freedom โ€ผ๏ธ

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 ๐Ÿ’ฏ)

4/ This is how you must allocate your money and make a budget ๐Ÿ‘‡

50% - Needs (Rent/EMI, Food, bills, etc)

30% - Wants (Car, A trip, Electronics, etc)

20% - Save (Retirement, education, etc)
Invest ( Stocks, Real estate, gold)
FINANCIAL RULES
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