Well we all know that "Dada Bada Na Bhaiya Sabse Bada Rupia". Yes, and its damn true because no one can replace money. All the work in the world is going on for the money.You can't even think of survival without money. You can have friends and family if you are able to satisfy their basic needs, which are not free rather they come by money. So, cut down your expenses, invest smartly, take loans upto that amount which you can easily repay, save atleast 2 months income to avoid financial crisis and moreover you are wise enough to determine what is good for you and what is not.
The topic is eternal and the essence of happy life. You have to be a sanyasi to say that money is not important. Money is important and that too by the right and legal way. First keep a check on expenditure. Plan big ticket purchases. Spend wisely. Save regularly and adequately. Decide upon your target. Savings becoes infectious and when you see that the sum of money is swelling it gives a thrill unmatched by other pleasures. The power of compounding and time value of money are important factors. Loans should taken wisely. All these will help you to build a nest egg. Happy investing.
Saving and prudence in spending are the basics. While these apply definitely to individuals they also apply to those entrusted with funds from investors. There is virtually, no penalty or punishment for those who do not follow these basics on other investors money.The Madhepura bank, the Global Trust Bank, UTI,and many small Co-op banks are examples. Regulation in this domain too is very lax and poor enforcement the norm. Under such circumstances there are very few avenues for the person following this discipline Without the underlying trust in the people managing funds the homilies on savings would only make the saving public increasingly risk averse.
