Everybody needs extra money, whether it is to add to the present income, to save up for a better future or even to improve the quality of living. Money is the core ingredient in the recipe for success. And so, you need to focus on how to earn more money in order to be rich. And what’s better than letting your own money make more money for you? Money mindset challenges We usually get stuck by focusing on how to earn a big amount at the first go and then never really pay any heed to how we use that money after we get it. People perceive themselves as rich or poor based on their income. But what about how you use that income? Many people with
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It is everybody’s dream to become rich, and believe it or not, there are many easy ways to achieve said dream. One method is by simply managing your credit. What is credit score? This score is a number which indicates the credit-worthiness of an individual. It is majorly based on the analysis of said individual’s credit files and reports obtained from credit bureaus. A credit score helps banks, money lenders as well as credit card companies to use this value to estimate the potential risks involved whole loaning money to their clients. What is credit report? This report includes a list of the entire individual’s basic identification information as well as a list of all his or her credit accounts. Credit history is also known, taking into consideration a number
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Investing is a smart option. Infact THE option to get yourself rich when you grow up! Investment can be in the form of company stocks, mutual funds, and real estate; just to name a few. These are all alternatives for adults. But how can teenagers and, young adults invest their money for a better future for themselves? We are here to tell you how. Teenagers and young adults, by investing their money in something worthwhile make it easy to become richer in a shorter span of time. It’s the smart thing to do in this economically unstable world which is the scenario today. The Plan: First things first, you must have a strategic plan. Planning is of paramount importance before making any investment. There are plenty of people to
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Debt used to be a scary notion for almost all individuals. People immediately imagined foreclosures, extreme stress, and strain and sometimes even losing everything that they own. However, in recent times, debt has become a way of life. Everyone swaps their credit cards for everything and has almost everything that they own no a EMI mode. This might be convenient, however dangerous. If we talk about getting rich, one of the crucial acts in that journey is to get rid of debt. A must. A should. A definite requirement. No questions asked. What is Debt? Debt in simple terms is a certain amount of money that is borrowed by one individual(s) from another. Debt is time and again used by corporations, companies, and persons for making large
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