This is what every person needs to know about money – the commandments of wealth

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July 6, 2022, 19:06 | Business

There is a simple set of basic rules for smart money handling.

This is what is needed let every person know about money — commandments of wealth

By following simple basic rules, every person will be able to adjust the monetary component of his life in a fairly short period of time, get rid of financial difficulties and find wealth, informs Ukr.Media.

The key to wealth is not to save more

The secret is to invest more in "in yourself" — invest your time, effort, money.

You should try to maximize your main source of income, making yourself an extremely valuable "commodity" on the labor market.

Unfortunately, frugality is not what makes most people rich. The right way lies through systematic development and consistent strengthening of your ability to earn good money.

Tireless upgrading of your professional competencies

Professional retraining and learning new skills will give you the opportunity to stand out from the crowd, becoming very visible in the professional crowd.

Also, it will help you quickly adapt to constantly changing technologies and modern know-how.

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Don't do what you love

Do something that other people will appreciate and respect you for – from a professional point of view.

Unfortunately, very few people manage to make a decent living doing what they really love to do.

Save 20% of each of your income

To do this, stop spending money on "unnecessary things".

Many of our purchases make us happy only for a few minutes, while creating a significant financial burden on our family budget.

Invest every month

Carefully consider an investment strategy that is guaranteed to lead you to your financial goals (with an acceptable level of risk).

Alternatively, make it a rule to buy currency regularly , index funds and other assets. That will allow you to gradually form substantial capital, the income from which will be able to fully provide for your entire family.

Buying a home is not an 'investment' 34;

Your apartment (house) is where you live.

But your home will not make you rich. Investments make us rich.

We don't live to make money

We make money to live.< /p>

Always remember this.

Your husband is either your 'sail' or your &

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