Investments : Make it a priority

So, you have started earning, and yes, you can buy almost whatever you want to buy. That branded jeans, watch, clothes, etc.

So, you buy it without giving it a second thought, because you have got the money now. So you don’t really care.

But, hey, this is your money, that you are spending, so, be careful.

Follow the 60-40 rule.

This rule suggests, you invest 60 % of your income, and rest you can spend.

The big benefit of this rule is that, you are saving every month a certain amount, which will be put aside and get invested in to the best plans available in the market.

And, the amount, will be made available to you with a good interest after 20 years. Or, at the time of your retirement, you will be requiring the money for your retired life.

After reading this, you may decide to start investing or not, it`s entirely your choice. If you do invest, it will pay you in the long term, if you don’t then, I hope you win lotteries later in your life.

Bottom line :

The rich people invest first, and spend later. The poor spend first, and invest later.

This difference in your approach will determine, if you will be richer or poorer in the long run.