- Credit Card companies really love it when you buy and don’t pay in full. Interest payment gets compounded & their money earns on your money.
- Just like you stay calm with your investments in FDs, do it with equity as well. The only caveat is you need to stay calm for 10-15 years.
- Your Financial Independence in the future depends on how you treat your money today.
- You can earn huge amount of money only if you tend to wait for decades and let money multiply on its own.
- Never underestimate the power of compounding. It may look small in initial years but gets really huge when given a long time period.
- If you want your money to support you in your retirement, start investing now.
- Investing in the right assets earn you extra money which gets compounded year on year. Keep on following the process. It’ll make you filthy rich.
- Inflation is your money’s enemy. It erodes its value. Invest in assets which give returns better than inflation & FD isn’t that asset.
- Don’t become a servant to your home or car EMIs. Rather, choose to invest in a financial asset and earn more returns in long-term.
- Invest as much as you can if you are staying in your home. Because that’s when your expenses are really low.
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