What is the best financial advice someone has ever given you?
HR TG
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I'm launching my finance-related product this Sunday and I'm curious to know: what is the best financial advice someone has ever given you?
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Notionxyz@notionxyz1
Live below your means and invest the difference. It's the key to building long-term wealth and financial security.
All the best for your new product!
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@notionxyz1 This is a good one! Some people build their “perfect life” by maxing their credit cards and having loans all over the place.
Saving money is good but increasing your sources of income is even better!
@vaibhavdwivedi what would be a great way to create new income streams for normal people?
"Always pay yourself first by saving a portion of your income before spending on anything else. This simple habit can build a strong financial foundation over time."
Launching soon!
The best financial advice I've ever received is to always pay yourself first. By that, I mean saving a portion of your income before you pay any bills or expenses. It's a great way to ensure you're building wealth for the future and not just living paycheck to paycheck.
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"you will surely have a lot left when you die. so do spend money when need."
Do SIP, best is step up SIP. Even a student can start with it.
One gem I received was: "Invest in yourself as if you were the latest tech craze - the ROI is unbeatable!" It's like upgrading from dial-up internet to fiber optics for your financial future!