Investing your money wisely will help growAbundanceWith Money Review your wealth. In the previous articles we looked at different avenues of investment to increase wealth. There is another aspect to consider while building your nest egg -the expense side. Money saved is money earned. In the pursuit to increase wealth sometimes you forget to curtail expenditure. If you have just begun your journey in your career or independent family life, I would urge you to be aware of these points. These are not new except that we most often forget to put these in practice. I hope that it is also useful to others who have walked the long road to building wealth.The article is specific for readers in India though most of the ideas expressed are universal.
Before we go ahead, it is important to distinguish between being miserly and controlling one's expenses. There is a thin line, a fine balance. The best way is to ask yourself if you are happier not spending on an expense which is actually of no real value. If you have just started your journey it is better to show a higher self restraint and ease it as your savings increase.
In any race a head start gives you a clear advantage. So too in building wealth the best way is to start early. The advantage of building wealth is that you can enjoy what you do over a long time but if you squander away what you have made at the earliest opportunity then you have to sacrifice the good things and later wonder what happened or start building mountains of debt to keep living your life. As our wealth grows and affordability increases we tend to dismiss little expenses as routine. Live your life but live it sensibly and wisely.
https://usainfo.org/abundance-with-money-review/
