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Showing posts with the label Path to Financial independence

GOLD - Path to Financial Independence #5

  Gold is one of the greatest investment choice. It is one of the famous investment choice. Almost every family have already invested in it. Knowing all this lets get deep into gold. WHAT IS GOLD: Gold (Au) is a chemical element.  In a pure form, it is a bright, slightly reddish yellow, dense, soft, malleable, and ductile metal.  Throughout the history of our planet, almost every established culture has used gold to symbolize power, beauty, purity, and accomplishment. Today we continue to use gold for our most significant objects: wedding rings , Olympic medals , Oscars , Grammys , money , crucifixes and ecclesiastical art .  No other substance of the same rarity holds a more visible and  prominent place in our society. Gold  is a memorable metal that occupies a special place in the human mind . GOLD as a ornament vs GOLD as a investment Ornament Most of us consider gold as an ornament which we use as a ring, neckpiece, earing, bangles etc.  Gold ornament is probably the most popular

Money is always ultimate - Path to Financial Independence #4

MONEY MAKES MANY THINGS But, in my opinion, money controls almost everything. Money is something we constantly hear, use, and listen to. Almost everything we use is made of money, from the alarm clock we use to the brush, the paste, the soup, the mug, the bucket, the house, the food, and the car we use and soo on. When we are born, our parents ensure that they have enough money; as we grow older, we ensure that we earn enough money, and so the cycle continues. Though we are insistent that money is unimportant, we do, at the end of the day, require at least a tiny little bit of it to survive in this world. MONEY: Obviously we all know that money is a medium of exchange, a store of value and soo on. Is money, however, more important than this? Yes, money is linked with our emotions. Money makes us to do many things. Money is so important that it can drive someone to kill, rob, marry, make friends, and do everything, including things that aren't feasible. Walter White (Breaking Bad) w

HOW DO I MAKE MONEY? - Path to Financial Independence #3

  In my earlier Path to Financial Independence blogs, I covered a lot of ground on how to invest our money. But, first and foremost, in order to invest money, we must have money. So, in this blog, I'm going to show you how to make money from wherever you are. It'll be worth your time to read this. I'm going to list five good ways to get money that don't require a CV or an interview, but only your skills. Let's get this party started. The five different ways to make money are as follows: 1. Blogging 2. Freelancing 3. Solving problems 4. Reading Books 5. YouTube Blogging: What is Blogging: Blogging  refers to writing, photography, and other media that's self-published online.  Blogging  started as an opportunity for individuals to write diary-style entries, but it has since been incorporated into websites for many businesses. This is the platform for you if you are a fiction writer, a content writer, or simply someone who enjoys writing. You can quickly set up a b

Stock market Introduction - Path to Financial Independence #2

  "It is the set of the sails, not the direction of the wind that determines which way we will go."                          - Jim Rohn Investment is the key towards Financial Independence. When we initially start earning money, our first thought will be about what to do with it. Okay, we'll have some costs, but what will we do with the excess cash? The questions that will cross our minds are whether we should keep that money in our bank account or invest it in a fixed deposit or buy assets. Investing in assets is a terrific method to put our money to good use. So what is an asset? As I have already said in my first (Path to Financial Independence) blog, Asset is something that gives us money. And Liability is something that takes money away from us. So where to invest? Some of the best ways of investing money are 1. Real Estate 2. Starting a business 3. Stock Market In this blog I will give some basic insights on stock market. What is stock market? We all know that a mar

Path to Financial Independence #1 - Should we buy a house or not

As I mentioned in my previous blog (Life), all we need to live a happy life is food, clothing, and shelter. When it comes to shelter, how you handle it is really important. Will we purchase a house, rent a property, or live with our parents? What would be our next goal once we have more money and are married? This blog will provide you with information on what you should do before making a crucial decision. Our mentality Most of us want our own home because it makes us feel special or because our neighbors already have one. The majority of us believe that owning a home provides more stability and is a valuable asset  because we don't have to follow any rules, we don't have to pay rent, we can do whatever we want on the walls, and so on.  When the property is ours, there are no limitations. Let's put our emotions aside for a moment and consider our financial situation. (This is primarily for persons whose sole source of income is their salary.) This is how the scenario goes: