Manage your money to be wealthy.
Manage your money to be wealthy. The first step to being wealthy is to be a careful spender. Enjoy everything in life but be wise. Always save 15–20% from your monthly take-home salary. Build your investments. Keep on adding investments and also diversify them because all eggs in one basket do not give good results.

Tips for becoming wealthy:

#1. Start with a savings plan.

#2. The first thing to save in is a savings investment plan (SIP) whereby a sum of money is saved every month.

#3. Do not overdraw your credit card. That is a cause for failure.

#4. Do buy mutual fund securities if you are new to investments as it has fewer risks.

#5. Add investments and increase your portfolio.

Do diversify into different types of investments. Equity, debt funds, mutual funds, silver, gold and finally some property.
['Dr. Preeti Singh']
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