Friday, 6 May 2011

How to build wealth.

Saving is a skill you can learn!!!

 Saving plan is an essential part of your financial plan. Without a plan, you will not be able to achieve your financial goals. When you have saved the total amount of money that you had planned, transfer the whole sum into a fixed deposit or some other "vehicles" that can earn more return.

Set your investment GOALS!!!

 Once you are saving on a regular basis, you will need to start making important decisions on how to invest your money. Easy, state your investment goals by asking yourself:-

a)What are your financial goals?
b)Why save and invest your money?
c)How much you need to save and how much to invest to achieve your goals?
d)How long you need to save or invest to achieve your goals?
e)How much risk are you willing to take?
f)How much return do you expect?

To build wealth, start saving and investing now!!