My Father's life & what he practised

Ways to luxury & happiness - My Father's life & what he practised

Jan 31st 2010: After dinner My father called me & Vidya to give some advice on financial planning.Even though He has not studied economics or read highly priced books on savings & planning the future, the following points are what He wanted us to practice to be happy & independent:-

- Always have an exit plan

- If you earn 100/- , 25/- has to be saved

- Always leave 1000/- in the bank when your salary is credited. At the end of the year 12000/- saved should go as another investment

- Run to the bank if you have to deposit (do not postpone things when it comes to investment)

- Accumulate 75% & then 25% can be taken as loan

- All purchases to be made only at the end of the month

- You take care of money for five years, then the money will take care of you

- Lastly don't sacrifice anything that you dream, plan & achieve it

Thanks Dad