Photo: David McBee

What are the secrets to money?

Here are 5 secrets about making money fast by getting the basics of money right. Downsize your house and locality. ... Use the first opportunity to get out of debt and also stay out of debt. ... You don't have to retire at 60 if you are fit to work longer. ... Cut costs, target bargains; in short get more bang for the buck. More items...

motilaloswal.com - 5 secrets about making money last all your life - Motilal Oswal

Do I write the same affirmations everyday?

To use affirmations properly, it is best to set aside specific time each day to dedicate to them. While they can work any time, they are far more...

Last updated Mar 7, 2019

What zodiac signs are misunderstood?

Here is the list of those 7 most misunderstood zodiac signs. Gemini. Gemini folks aren't always malevolent or two-faced. ... Cancer. Cancerians are...

Last updated Jan 17, 2021

Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »

Promotion

Have you ever wondered as to why people who start off together don’t end up together; at least when it comes to wealth creation? It is quite often that you find people with lower levels of income doing a much better job of managing the money. When you make money work hard for you, it is essentially about making it last for a long time. Let us look at 5 investing secrets of the wealthy and how to early money quickly you also need to plug your expenses. Here are 5 secrets about making money fast by getting the basics of money right.

1. Downsize your house and locality

We all love to have that extra room with a view in a tony locality. But such things cost a bomb and more often than not they are just not worth it except for getting a kick out of putting money down the drain. As a general rule, the bigger your house, the more it costs to buy, operate, maintain, and insure. Property taxes are also typically based on the value of your home. Also you don’t want to be staying next to the who’s who of the city. That is a privilege that comes at a huge price. A large house that was essential for a family may be just too large when you are an empty nester. When you downsize your house and your tony locality, you will certainly reduce the monthly costs of running your home. In case you have two places of your own, look to monetize the larger one by a long term lease arrangement. These are simple ways to make your money last longer. 2. Use the first opportunity to get out of debt and also stay out of debt Debt has a huge cost in terms of interest, your peace of mind, your credit rating etc. When you are servicing your debt you are actually paying today for something you bought at some time in the past. Firstly, this debt payment sucks up more of your cash flow each month and secondly it is not adding any real value to you. By cutting down on your debt, you reduce the monthly demands on your money and you can use the surplus liquidity fruitfully. 3. You don’t have to retire at 60 if you are fit to work longer

Where is the Staff of Moses?

According to an identifying document at the Hagia Sophia in Istanbul, Moses's staff would supposedly be on display today at the Topkapı Palace,...

Last updated Mar 10, 2019

Is being silent when angry good?

Silencing yourself contributes to the very thing you want to avoid. Further, if it's anger, resentment or another strong negative feeling that you...

Last updated Jan 29, 2018

Promotion

Working after 60 is not just about money but also about keeping yourself fruitfully occupied and engaged in your area of specialization. People like Warren Buffett and George Soros are still working actively at the age of 85. Just because you’re ready to give up the rat race doesn’t necessarily mean that you’re ready to be done working altogether. Money always comes back to you in different ways and your skill is one of them. If you have it and there is a market for it, you can as well use it. In the process, you can also plan your finances better. 4. Cut costs, target bargains; in short get more bang for the buck Why should take a cab when you can take the sub way with equal efficiency. Cut out the frills and you will be surprised by how much you can save over time. In the era of internet, look at salivating bargains. By just going to a website, there are big savings you can make on hotels, airlines, travel packages, groceries, garments, furniture etc. Make the best of it. You can either spend less or get more for less. If you have the leeway of travelling in off-peak periods, try and make the best of that. Off-peak prices are generally lower, which saves you money. Because you’re dealing with off-peak timing, it usually means that whatever you’re using is less crowded, too. That is not a bad combination at all.

5. Be disciplined and stick to it

A lot of these secrets may be really pointless unless you have the discipline to persist with the idea and implement it day-after-day and year after year. This is discipline is a lot like losing weight. It is not how well you start but how well you sustain that really matters. It is the same case with budgeting. A budget works only if you stick to it. This is the rule that beats all rule because if you don’t have this discipline, then no amount of smartness can help you to make your money last longer.

motilaloswal.com - 5 secrets about making money last all your life - Motilal Oswal

Does Irish Spring soap keep mice away?

Many people errantly assume that Irish Spring soap will keep repelling mice. However, there's practically no evidence to support this claim. Jul...

Last updated Sep 16, 2018

What does true love feel like for a man?

True Love Feels Like Acceptance They enjoy seeing you as much as you enjoy seeing them. True love feels like looking at the other, and knowing that...

Last updated Jan 16, 2018

Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »

Promotion

What is the average age to become a millionaire?

The world's 100 richest individuals earned their first $1 million at age 37, on average. The average millionaire is 57 years old. Oct 10, 2022

Last updated Aug 29, 2021

Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »

Promotion

What's another word for greatly increased?

What is another word for greatly increase? dramatically increase increase soar rise rocket surge spiral climb escalate skyrocket 22 more rows

Last updated Dec 22, 2020