How to Become Rich in India - Part 7

From part 1 to part 6 of "How to Become Rich?" I explained that we need only one thought to earn money. I also explained that there is no scope of job. We need to do business. Then, I have explained that there are lots of business which gives high profit.

Today, in 7th part, I will explain that you can become rich with the habit of saving.

Habit of saving is great habit of life. If you have learned this habit, you can make your life. You want to become rich, you can become rich with your good habit of saving. When you get money from job or business, your desire will boost to consume this money fastly. Mostly, you will spend money in such things which will not help to generate money in future. If you will keep self-descipline or self control when you will receive money, you can get success.

So, come and learn how can you make habit of saving and what is its importance. I have obtained benefit of habit of saving for becoming in my personal life.

Remember 1 : Saved money can be used in emergency

You are doing business and you will get big barrier in its future. These barrier may be in the form of losses in business or in the form of losses in the asset of business. You may get the legal action due to breaking of law of govt. At that time, you need money for protecting yourself because you can tolerate the loss or business with your saved money. But if you do not have the habit of saving, you will be unable to handle these emergency of business. A man who can save money, he can become rich by tolerating the emergency of business.

1. Your saved money will help to sale your asset in scrap at the emergency of business.

2. You can pay your operating expenses even you are facing loss in the business.

3. Withdraw your business from losses

Remember 2. Saved Money will Helpful to Get Business Opportunity

 Get Big Asset at Low Rate 

If you have saved money, you can get Rs. 100 asset at the rate of Rs. 10 because other party does not save the money. So, same party will be in debt. For paying its interest, it need cash and you will supply cash at high rate of profit and you will become rich with this.







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Accounting Education: How to Become Rich in India - Part 7
How to Become Rich in India - Part 7
Accounting Education
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