how to use money wisely?

Question

with a details answer..

Answer 1

You will probably get a lot of high quality answers on this one. The only thing I can come up with is - ONLY BUY WHAT YOU NEED - NOT WANT. I've never dealt with property or shares so my answer may not be of any use to you. An old proverb also comes to mind - spend some, save some and give a little away....Hope you'll be very rich one day.....

Answer 2

4 things you can do:
1. Increase income
2. Reduce expenses
3. Increase Return of Investment (ROI) in your investment
4. Create multiple streams of income

Personally, an internet business is an easy way to create a passive income because:
1. Require small to zero capital
2. Get started right away and easily
3. Work from home or anywhere in the world as long as there is an internet connection
4. Has unlimited potential to earn money
5. No age or education requirements
6. Doesn't have to have a company

What you need to do is to learn about the internet business as much as possible to discover whether it is for you and what your strategy is. There is free information around.
Good luck.

Answer 3

I agree with the first answer: only buy what you need not want (now if I listened to that advice I would have lots more money), but one thing I have found is that if you have a checking account you need to get one of those transaction notebooks so you can monitor your finances. I do that and works for me. So far I have never been in a situation in which I'm pressed for money, but my friends who don't have to cope with overdraft fees on their bank accounts, or they buy stuff and are not able to pay for it later.

Answer 4

Try The Richest Man In Babylon by George S Clauson.

The biggie "Ten Percent of what you earn is yours to keep"

Which means take ten percent of what you earn and invest it, put it to work wisely for you and leave it alone. Let the miracle of compounding interest & compounding growth work for you.

If you can do that, you really won't miss it in your day to day life. Honest, I have done it.