Personal Finance best tips and secret strategy to earn 1 Million Dollars

 

Personal finance is very important for every person even you are a student or a retired man.

In this article I will teach you how to save your money, how to invest your money wisely, simple strategy to earn 5 to 10 crores from 2000 rupees /month secret investment strategy, common mistakes that you should avoid, what is the best time for starting investment. Lets start it:

Mistake No: 1 { Saving to Bank Account }

As we know that inflation is raising 10% in a single year. So suppose that you have a 1 lac rupees in your bank account. After 1 year your 1 lac rupees value become 90,000. saving to bank accounts is the worst option.

Mistake No: 2 { Not Setting Goals }

If you are in your 20s or 30s you have no goals yet, really bro you are making hurdles for your own life. Never compare your goals to others. Make such goals that will boost your career, that will feel you happy. If you are seeing like Andrew Tate or like that idiot people then this is the biggest mistake that you are doing.

Mistake No: 3 { High Expenses }

If you are 20s then you must reduce your expenses. Your expenses makes you poor and poor. People say if you are in 20s then you should enjoy your life. But if you enjoy your 20s you will tangle in 9 to 5 jobs. If you are ambitious and excited for your career. You have to reduce your expenses and invest that money wisely that I discussed below.

Mistake No: 4 { Having no passive income }

Never rely on one income source if you want big. Increase your passive income. May be it is a freelancing, part time job or something that you can do. Advice for you NEVER FEEL SHAMED IN YOUR CAREER.

Mistake No: 5 { High debt and applied for loan before investment }

Before starting investment you must be free from debt. Loan will bind your eyes to see something big.

Think about it your one hand in Mud and other one in Quick sand. First pay your debt then start investing.

Mistake No: 6 { Having no Insurance policy (not apply for insurance) }

In my opinion you must have an insurance policy like life and health insurance. The reason is God forbid if you die or your health go disturb then this insurance will help you and will give a relief to your family. I have a best insurance strategy for you is if your income is 2 to 3 lacs per year then apply for insurance 50 to 60 lacs. 25 times more of your one year salary income.

Mistake No: 8 { Enjoying fun and involving in parties }

if you are in 20s or mid 20s never involve in parties, fun and enjoyment. Not to become a cool guy. Focus in your goals not holes.

{ Investment ratio to earn 5 to 10 crores (golden point) }

Invest atleast 20 to 25% of your per month salary. For example if your salary is 20,000 rupees then invest 4000 to 5000 rupees of your salary. If your aim is when I retired (at the age of 65) I own 5 to 10 crores. Do you know how much you have to invest guess…

Only 2000 to 5000 per month. (10% return and 5% inflation). This is called Compounding But you must have to start investing at the age of 20s. If you start investing at the age of 30s you will get 50 lacs to 1 crores. So that is the reason of start investing in early age.

Most Important Point is ----WHERE TO INVEST

1. Don’t invest in FD because FD protect your money its growth rate is very low, beneficial for retired or 50s people, If you are in your 20s then you can take risks, because this is the time to grow money not to safe money.

2. Invest in stocks and equity (Buy and Hold)

see which companies have best reviews.

3. Mutual Funds

4. Gold (best option because return rate always very high, worldwide asset not a single country).

But not buy jewelries (making cost is 2 to 3.5%, which is too much), Always buy Digital Gold see available app or website.

5. Cryptocurrency (too risky)

 💡 If you're hungry to grow, curious to explore, or just trying to figure things out step by step… you're in the right place.
🔔 Follow me for clear insights, real guidance, and a learning journey that actually makes sense.
Let’s grow smarter—together.