Some Lessons I Have Learnt About Money Management.

in Indiaunited2 days ago (edited)

Money Is Important!

Money is an essential commodity. In fact, money is the blood of the economy. In every system, where there is no money, things won't be able to run smoothly. In fact, that is one of the foremost lessons which I have learnt about money. Money is not something that one should disregard in anyway. Money is important. We must have that attitude first. Many people don't pursue money with enthusiasm because they think that money is just a casual thing. No, money is not a casual thing. It is an important part of our existence. If you don't value money, you might not have it.

Work!

At the very beginning, our Creator made us understand that we will have to work. Do you have a good work ethic? Many people approach the subject of work with laxity. They do not love working. Some people don't like to work. These people would have wanted to make money without working. We must work to earn money. They cannot earn any earnings without working.

Some works are honorable while others are not. We should be involved with those kind of work which are ethically correct. Some people engage in fraudulent activities. That is wrong. Working on businesses that are fraudulent is not a noble thing to do.

Grow, Don't Squander

When we are earning income, we should practice the idea of growing our income not that of squandering. Squandering will kill the little capital in our hands. Someone should understand that it is better to build than to squander. The habit of being gluttonous is bad. Don't just keep drinking and eating alone. Sometimes, think about adding to what you are earning. Allow you investment to grow by learning discipline and hard work.

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At the early stages of any investment, one should train himself to endure little inconveniences. There will certainly be hard times. Hunger could come. But it is good to eat some unpalatable stuff at the beginning and allow the business to grow. When the investment might have gotten to the expected level, we can have more to enjoy. It is good to have a good root to stand first.

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