What are all the financial advice’s you got in your life?
We get many common answers like spend less, save more. But nobody tells us how to do it.
When you start working for the first time in your life and you get your salary, you have the desire to buy whatever you want, spend money in all different ways possible. You don’t care about saving.
The ideas that are given to us don’t even sound good.
People tell you to save the maximum. But we won’t do that! We want to taste the sweetness of the
nectar by spending money.
Personal financial planning is never given any thought.
Though we are concerned about, how to make money? We don’t give a thought on saving money.
We just want to make more money.
Very few people start saving from their first job.
Most people are broke by mid-month.
Survival then depends on taking credit from friends or on the credit card.
The credit card has become the biggest saviour of many newly working individuals.
People buy on EMI or pay the minimum bill thereby paying more interest and getting into a debt cycle.
Like a chakarvyh, it’s easy to get into the debt cycle but difficult to get out.
So financial security is our least concern and surviving month on month is more important.
Financial Security refers to the peace of mind you feel when you aren’t worried about your income. It also means that you have enough money saved to cover emergencies and your future financial goals.
The ideas by the financial planner don’t match our budget or requirements, as they usually plan for something that is either hard to accomplish or even something out of our reach and expectation.
Our only goal is to save whatever is left at the end of the month which hardly happens.
We don’t think about less spending even if we can’t afford it. And, we are in a loop of spending and debt.
With more debt, we are looking for better ways of how to earn money so that we can pay off debts.
The “Richest Man in Babylon” is a financial freedom book and the best book you will ever read.
So, if you are someone who is looking to get out of debt trap, read today.
It gives you an easy way to save money even if you are making less money.
The techniques are simple and easy to follow.
The author used storytelling to keep you entertained and teach the concepts of financial success.
Financial success is all about balance, perspective, knowledge, values, and how you define what is most important to your happiness.
The idea of financial success means “less”; as in, less debt, less stress, fewer possessions, and fewer complications.
In the era of loans ranging from personal loans to consumer durable loans, this is the best investment advice you will get at such low cost.
The investment advice given in this book helps you choose the right path for investment.
There are plenty of financial freedom quotes and financial counselors on the internet but nothing is as great as the advice mentioned in this book.
Once you read this book you won’t just think about saving but building wealth.
The wealth you saved might help you in future but the wealth you build will help for your future generations also.
As an Independent financial advisor, myself and a person who was in debt and used this technique to create wealth, I strongly recommend to read this book to trade your way to financial freedom.