RICH INVESTING iDEAS

How to set  a simple Budget Planning 2017 ?: Budget is a term which referred to, ' A Sum of money allocated for a particular purpose  '. Annual Budget of a Government every year is an exciting one for everyone, but it's a Pokey (Laggard) one for announcing their own personal budget. Before making (or) set a Budget plan, we have to understand why we need a Budget (or) Budget Planning ? 'Budget' allowing us to create a Plan for Spending of our money and also it helps to ensure that we have a enough money for the things we need .   A personal budget   is a finance plan that allocates future personal income towards expenses, savings and debt repayment.   Investopedia also refers the following 6 Reasons, why we need a Budget:    It helps you keep your eye on the prize. It ensures you don't spend money that you don't have. It leads to a happy retirement. It helps you prepare for emergencies. It sheds light on bad spending habits. It's better...

Cheteshwar Pujara is a Long term Investment Modern day’s psychology – The investment horizon mostly in drowning side. While I am asking someone about the investment period, then the words of their strategy mostly uncertain able. And the answer from them for the long term investment period is around 6 months – 1 Year. I could not understand how you could tell the long term horizon around 6 months – 1 Year ? Is it the 6 months / 1 year a long term period  ? Is this period  helpful for your financial goal planning like Education, Marriage or Retirement ? Even for the short term needs like creating emergency fund, buying a car or planning a Tour / Travel, we cannot achieve the amount what we need. But, Everyone has a same word, ‘I m going to book a Profit and not believing for the future’ ‘Book a profit is not a thing, but for the capital itself important’ Looking for the Long term: Long term investment needs patience. Not just a word, ‘Patience’.  With Art of Gratification ! The Art of G...

Need vs Want Behaviour How you desire / want your Goals ? Education / Profession / Business what we always like to do Beautiful Home High tech Car Foreign Tour (Travel) Luxurious Wedding Giving Treat to friends (Share your joy) Earn Millions of Millions (More Money) Nothing to desire :) What is your Needs (Basic Requirements) ? Nutritious Food, Climate Condition based Home and Life Style (Clothing) Hygienic and Good Medicine Clean Air for Better Breathing Get Education to improve the knowledge and the better life To meet the future needs of the financial / income (like Child care, Education, Marriage Expenses, Retirement) How do you Decide ? (Decision Making) Need a Healthy Food / Beauty and Enhanced Fast, Packed Food ? Living with your partner with love / Just a Luxurious Marriage Party ? Spend time to playing with your kids / Giving away items(Toys,Tech Products) what they want to buy and you look like that you have no time to spend wit...

Take a step to Risk (Risk and Safety  Margin) For many people, Risk refers to like eating a ‘Rusk’.  But, it is not a eatable item. Then, how many of us are like to take the ‘Risk’ ? Risk – Exposure to Danger or Hazard In Financial(Investment) terms, Risk is a deviation between the actual and the expected returns . Risk has two faces, as it have Positive and Negative. Without any risk, the investment of money can gives the return of ‘Null’ or a little bit like positive. If we dare to act, then we get better Profits (Positive) and Losses(Negative) in many cases J  This is the case for so many of us, not willing to take risk or take risk without aware. Is it good, for not taking Risk ?   Is really, Risk less investments are protecting our wealth /Future Daily expenses ?   Absolutely not ! Then, how we at Risk ? Getting down in the river without knowing how to swim or Not aware about the depth of the river even   Swimming.   Riding rude in National Highways or not knowing how t...

How to create wealth (Practically) ?   Simple and Really ! Few simple steps to Create Wealth by your small amount of money / Business:   Buy a small Ruled Note book (or) Download ‘ Expense Manager ’ App on your Mobile. Write / Note down your Day-to-Day Expenses; After Completing a month, Make a total of your expenses with some specific titles on Grid (Like Travel, Mobile Phone and Data Expenses, Food, Electricity, Medical, House Rent,Entertainment,Tour,etc) Do it for the next 3 months and try to draw a Comparison Chart / Trend of Monthly Expenses. Now, you can know the Clearance of your expenses, where it goes… Follow your rule like as, [ My Monthly Pay - Savings = Spend ]; Now, you have a salary per month and also knowing about your monthly expense through the First 3 Steps. For Savings, you just go to the next step. Buy or Steal, ‘ Rich Dad, Poor Dad’ Book . Read only Hard Book, don’t go for the Kindle Edition or Soft copy. (Read only Hard Covered Book that wil...