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Nine Personal Finance Rules we all should better know.*

  1) Rule of 72 (Double Your Money) 2) Rule of 70 (Inflation) 3) 4% Withdrawal Rule 4) 100 Minus Age Rule 5) 10, 5, 3 Rule 6) 50-30-20 Rule 7) 3X Emergency Rule 8) 40℅ EMI Rule 9) Life Insurance Rule 1) *Rule of 72* No. of yrs required to double your money at a given rate, U just divide 72 by interest rate Eg, if you want to know how long it will take to double your money at 8% interest, divide 72 by 8 and get 9 yrs At 6% rate, it will take 12 yrs At 9% rate, it will take 8 yrs 2) *Rule of 70* Divide 70 by current inflation rate to know how fast the value of your investment will get reduced to half its present value. Inflation rate of 7% will reduce the value of your money to half in 10 years. 3) *4% Rule for Financial Freedom* Corpus Reqd = 25 times of your estimated Annual Expenses. Eg- if your annual expense after 50 years of age is 500,000 and you wish to take VRS then corpus with you required is 1.25 cr. Put 50% of this into fixed income & 50% into equity. Withdraw 4% ever...
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Business

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The end goal of every business is to make profits. A profitable business is a successful business. Running a business has various important aspects and functions. When all these aspects and functions are carried out with accuracy and synergy, progress is made. Business is a journey of progress by achieving many milestones along the way to the end goal. It is about doing better each day. To make a business profitable, it must have a structure. A structure that is sustainable and scalable. This structure consists of 3 elements- Strategy, System, and Skill. Once these elements are in place and implemented correctly, no one can stop you from growing and being profitable. Like if you agree. #entrepreneur   #businessowner   #entrepreneurlifestyle
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This is how I save./How Do I Stop Living Paycheck to Paycheck?

1. Bought Toyota Matrix in 2005 new, paid it off in 2008. Still driving at 267,000 miles. Easy car to fix it yourself. 2. Maintain your own car. For larger repairs, I have a friend who is a mechanic and who fixes cars at home. 3. Do home repair and maintenance yourself as much as possible. 4. Invest in your health. I walk. 5-7 miles a day. Swimming is great too. 5. Invest in your mental health. Read every day (25-50 pages a day). No better relaxation than a book and a cup of Earl Grey for me. 6. Turn TV off. Cut the cord. 7. Always give back. Feel blessed. Donate or volunteer. Make a difference even with $10-$20 bucks. 8. Regiment your dollars. Treat them as your own soldiers and don’t send them to a needless war and needless deaths (don’t overspend). Create a reserve army (savings). Eating outside "Eating my retirement" Wow something to think about, it is eating future. The actual cost is 90% is of entertainment and 10% only ingredient cost. Make a budget is smart. If y...
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