1. If you can’t afford it, don’t buy it, wait till you can.
2. Save 10% of your income.
3. Leverage on the power of compounding.
4. Be thorough with your financial decisions. Make sure you weigh the benefits and risks before you take action.
5. Don’t be tempted with market fall. Wait for the good time to sell your stock.
6. Diversify your investments and create a multiple sources of income for yourself.
7. If buying a house is expensive, rent cheaper and save the difference in payments.
8. Create an emergency fund for unexpected situations.
9. Have insurance for your valuables. Don’t take risk on what can be prevented.
10. Get a will. Don’t leave allotment of your assets to chance.
Suggested Articles:
1) 15 Reasons Why You Must Have Your Own Book: https://sopiensofgod.blogspot.com/2020/09/15-reasons-why-you-must-have-your-own.html
2) Why You Must Document Your Life: https://sopiensofgod.blogspot.com/2020/11/youve-got-to-document-your-life.html
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