Having financial stress is common for non-financials, but how to handle it is a challenge. So, let’s learn how to reduce financial stress with your Finance Guru Vishal Thakkar.
Ladies and gentlemen boys and girls welcome back to finance tube your friend and finance guru vishal thakur is back again with his commitment to make you grow in your financial intelligence today’s topic of discussion is financial stress and how to reduce it now friend stress can be of many types but majority of the stress ultimately boils down to financial stress
What are the sources of financial stress improper spending lifestyle expenses living beyond your means no saving habit no investing habit are some of the symptoms of financial sense how to cure financial stress i can give you five tips which if you can implement you will see a considerable improvement in the levels of financial stress and you will see it going
Sour point number one i have taken this from world’s greatest investor and who is now the second richest man on this earth as i talk on this video warren buffett he says if you buy the things that you don’t need today someday you will definitely have to sell the things that you do need think about it if you swipe your credit card too much in buying expensive
Watches foreign holidays smart tvs which are beyond your affordability someday you will have to sell something which you need like your house to pay back your credit card book point number to find your passion work for purpose not money when you work for purpose you love your job you do it irrespective whether you are paid or you are not paid every person after
Coming out of college this is two problems first his job second his marriage we all have faced it right we also always somehow but one man thought of solving this problem for everyone and today he has a listed company and that’s why ladies and gentlemen no 3-point and shadi point across india are at the same place yes i am talking about nach recom or in 4h in
The unlimited tip number 3 for most people the equation is income minus expense is equal to saving into bracket if any most people try to save money after spending if there is anything left for sale alter that equation alter that equation to income minus compulsory saving is equal to money available for expenses tip number 4 educate yourself financially a lot
Of people ask me is gold a good investment is property a nice investment what about equity shares should i put my money in bank fd the answer to all these questions is 1 what kind of investor are you if you are a savvy investor you will create money even out of waste but if you are a stupid investor you will even lose money in gold it’s not the asset class that
Makes you rich it is your ability to understand asset classes which decides the level of your wealth tip number 5 and the last tip is start small start early save regularly and invest for a long term don’t cut your investments if you don’t need the money and that is the precise reason why your investments should be linked to investment objectives like child’s
Education marriage buying a house which are all happening in very wrong these are some of the tips which can help you to reduce your financial stress for more topics like these don’t forget to subscribe to our channel finance team how to generate white money i am not going to tell you what to do with your black money or what to do with those old notes
Transcribed from video
How to Reduce Financial Stress | Finance for Non-Financials By Finance Tube
