Ad: Sanitate Pest Control
A/3 Kalpana Niwas, Nehru Nagar,
Kanjurmarg East, Mumbai – 400042,
Near Kanjurmarg Police Station
Call: 8425907776 / 9769567152
Ad: PP ENTERPRISES
-One Stop Shop For Laptops,
Desktops & Mobiles

Shop No. 02, Dream Heritage,
Plot No. 120/121, Nr Masjid, Sector 19,
Bamandongari, Ulwe,
Navi Mumbai, Maharashtra 410206.
Call: 099673 20368, 9867220704,
8097521723, 7977817308

What is the Ultimate Secret Of Rich and the Poor?

QuestionsCategory: QuestionsWhat is the Ultimate Secret Of Rich and the Poor?

Ad: Sanitate Pest Control
A/3 Kalpana Niwas, Nehru Nagar,
Kanjurmarg East, Mumbai – 400042,
Near Kanjurmarg Police Station
Call: 8425907776 / 9769567152
Ad: PP ENTERPRISES
-One Stop Shop For Laptops,
Desktops & Mobiles

Shop No. 02, Dream Heritage,
Plot No. 120/121, Nr Masjid, Sector 19,
Bamandongari, Ulwe,
Navi Mumbai, Maharashtra 410206.
Call: 099673 20368, 9867220704,
8097521723, 7977817308
neha asked 3 weeks ago
2 Answers
prerna answered 3 weeks ago

1. Buy Assets & Not Liabilities.
Wealthy buy assets & poor buy liabilities. Gold, real estate investment, equity, mutual funds are some example of assets. Debt is one person’s liability, but another person’s asset.
Assets put money into your pocket, whereas liability takes money from your pocket.
2. Invest money in stock market.
Investment gains. Invest money in stocks, bonds, etc
3. Save money for retirement.
Its never to early to start saving for retirement planning. The earlier you start, the more retirement savings will have potential to grow.
4. Invest in real estate.
The best thing to do with your money is, invest it in real estate. Although you need to study before investing in real estate. Although its riskier than other investment as property cannot be sold quickly

Rohan Kshatriya answered 3 weeks ago

Avoid buying Liabilites, if you want to achieve financial goals. Focus on creating assests which would yield you more money.
Spending 10 to 20 lakhs on a car is waste as it won’t be the half of value after 5 years. The value of a new car depreciates 20 to 25 % as soon as its out of showroom and continues to depreciate every year.