A few financial tips for middle-class people?

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I have coined a few things that I believe might be of help to the middle-class people in terms of finance

  1. First of all, never ever adopt the attitude of the middle class for a long time.
  2. Make a plan to be wealthy in 4 to 8 years and be consistent with it.
  3. Invest your proportion of income somewhere that can give you payback.
  4. If you are above average “middle class” then learn to double your income via the stock exchange. Or watch videos of Tony Robins on you-tube or purchase podcast.
  5. Learn skills that can double your income e.g certificates or other useful skills.
  6. Live within your means. Save and live as simply as you can, especially when you are starting out.
  7. Mathematically speaking, a penny saved is the same thing as a penny earned, so if you can cut spending, that’s the same thing as getting a raise.
  8. When you get increment on salary or get a better job, upgrade necessities but don’t change your standard of living.
  9. Pay to your future self and add to your retirement as soon as you have a job. Even if that means you’re in your 20s.
  10. Have kids only if you can afford it. If you’re living from paycheck to paycheck, neck-deep in debt, you probably cannot afford to raise and financially support a child responsibly.
  11. If you want to get something then don’t be afraid to spend on something more durable. Think of it as a long-term investment.
  12. If you are saving money every month take it “Spent” instead of reserve.
  13. Make a god damn budget, a spreadsheet is easy to learn.
  14. Try leasing the home instead of rent, this way you are giving a rent of your own home for the future.
  15. don’t spend too much on the name of brands, or liabilities like smartphones, footwear and gadgets.
  16. Save fucking 10% of your money and don’t buy shit. That’s all. There are many ways to do both things.
  17. Invest in the stock market, first learn in meta trader 4 with a demo account.
  18. If you have extra cash lying around in your bank, never leave it in your bank. Instead, invest in index funds, mutual funds, P2P or ETF.
  19. When you are having this urge of spending on something ridiculous which you obviously wants to save then play this Mind Hunt game.
  20. Instead of buying gold as your investment buy asset property, land or building.
  21. Save, only for emergency bills, if you want to be rich, invest that money in some kind of index funds.
  22. Build passive income by YouTube videos, Developing games and affiliate marketing.
  23. Buy property on lease and give it to someone for rent, more than your monthly lease.
  24. Do meditation for your sound mind or play a challenging game for 10 minutes every day.
  25. Buy a car on lease and give it to Uber or Careem
  26. When you become a rich then marry a middle class. This way you are fulfilling someone’s dream.
  27. Never rely on one source of income.
  28. Bargain on everything and get it cheap.
  29. Before buying something online, search 10 minutes.
  30. it cheaper.
  31. Learn the concept of compound interest. “Somebody is resting under a shade today simply because another person planted a tree a long time ago. Warren Buffet.
  32. The Compound interest is the wonder of the earth. Anybody who comprehends it reaps it.. he who does not… pays for it. Albert Einstein.

Read Also: Why the rich read a lot

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