HOW TO BUILD YOUR WEALTH
1. SPEND LESS

- DEASFORSURE
HOW TO SPEND LESS ?
1.REDUCE WASTAGE :
WHAT LEADS TO WASTAGE?
Overstocking of food materials,vegetables, fruits etc leading to decay. Just buy for a week or ten days.
Turning your house to furniture mart, Toy store, Books corner, boutique etc. Buy just what you need. Not using or not donating is waste.
Wasting money on huge bills for eg. wasting on electricity by misusing electricity, huge phone bills by phoning unnecessarily, Wasting Time by watching TV in excess.
Using private transport injudiciously. Depending on public transport saves time, money, overcrowding and traffic problems. Be a prudent citizen.
Buying products as immediate solution to the problems. For eg. if there is a power cut one day or once or twice a week then buying inverter or generator without planning resulting in wastage.
Living on daily fashions lead to wastage. All are not celebrities to use and throw things purchased. Teenagers and young adults indulge in such activities leading to financial havoc.
Drinking , Smoking, Drugs are all considered vice. Any reason like partying small sip, big cup etc is only drain on finance and health.
Lastly buying from shops or offline where no discounts,return,EMI options are available while online shopping can be preferred with several offers . Compare both and make a informed decision .
- IDEASFORSURE
Remember everything wasted is like throwing actual money into dustbin. Think of those who do not have enough and donate. At least think what would you do if you do not have money some day and avoid waste.
2.REDUCE SWAPPING OF CREDIT CARD
Have patience and use credit card only if it is the last straw to come out of a situation. For eg if you are caught up in settling some relatives health center bills or your own health bills and there is no other alternative before you. Sometimes God forbid we are caught up in such situation. Very recently i had some health issues and had to use credit card for quick payment. No sooner i got my cash, settling of credit card was my priority.Nowadays youngsters use credit card like water. Pay off debt fast,double up on payments liquidating the asset, saving, etc. invest wisely,liquidate the asset only if it is required.. They are not worried about the heavy interest which each transaction incur. Credit cards are instruments which help you to come out of disastrous situations and also use in places where carrying of liquid money is not safe.
- IDEASFORSURE to pay off debts first
3. LIQUIDATE THE ASSETS ONLY IF REQUIRED.
Now if you have fallen into debt trap and have fixed deposits or some form of asset, then liquidating the deposit or asset is no option if you have no other source for settling your debt to avoid huge interest payments.
SAVE MORE
What is saving? Income – expenditure. Sometimes you have to reverse the equation like Income-saving=expenditure. Then what to do for the extra expenditure. Avoid it if it is possible, if not earn more.

INVEST WISELY
Merely saving is not enough. this money when invested properly multiplies. How to invest is another topic which i will discuss in length. But right now spending frugally, Saving lavishly and investing wisely are the three pillars on which true wealth is built.
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