When you turn 35 years old, you'll realize how important it is to be good with your money. But don't worry, if you're younger, now is the perfect time to start learning about money. Here are some easy tips to remember:
1. Don't rush for quick money. It's like a game. Only invest in things you understand, and think about the future.
2. Save and invest before you spend. It's like saving your toys before playing with them.
3. Be careful when shopping. Stick to your list, especially when using a special card for buying things.
4. Don't use your special card too much. It's like a magic, but you need to be responsible, or you'll have a big problem.
5. Think long-term. Imagine saving for a big toy you really want, not just for small ones.
6. Make a plan for your money. Like how much you'll spend and how much you'll save. Think about things like a new bike or a cool gadget.
7. Make sure you and your family have special protection plans like health and life insurance, like a shield to keep you safe.
8. If you borrowed some assets or money, try to give them back as soon as possible. It's like returning borrowed things before asking for new ones.
(*Special Card = Credit Card 💳)
One more thing: Some say you should save twice the money you make every year before you turn 35. So, if you think you'll earn 12 lakhs a year when you're 35, you should save at least 24 lakhs by then. It's like saving your allowance but with bigger numbers. It's possible if you start early and save for a long time.
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