
If you want to become an engineer, then you have to study if you want to become a doctor then you have to study.
My question is if you want to become rich then what do you have to do for it, what is the education for that, what is the course for that you will say sir there is no course to become rich then how to become rich in India every person wants to become rich But if we will not be taught anything to become rich, no training will be given, then how will we become rich?
So today I will tell you the way of that too, see if we talk about our school system now, In the beginning, the child is admitted to KG nursery, studies for 2 years, then for 14 years from 1 till 12 he studies in school.
History, Geography, Biology, and Physics are all taught but nothing is taught above financial education.
Earning money, that’s why most of our youth is not employable. because based on what he has learned, no one will give him a job, you get a job when use your skill for someone, and you give productivity to the front even if you want to do business, you still need skill, where is this skill Why was it not taken care of, the second thing is to earn money, then you have to learn about money, How to learn that today I will tell You definitively three such things If you know those three things then you can say have you have been financially educated one more thing You will have to increase your curiosity over finance from today, you will have to learn, you will have to spend your time according to finance, now how will you apply it? There are three basic things.
- Earning
- Saving Money
- Invest Money
Earning:
Now three things you have to master Number 1 It is to learn how to earn money, pay attention to earnings, money will come either when you do a job, you invest time, then you earn money by trading time, then you will earn as much money as you invest time, this is the way and there is a way that we call leverage if people work for you, then when people work, you must see a businessman, many people inside him are working. For him, there are people inside them too, so there is a complete structure.
There is a network and when that network works, you get money, this is a way on the Internet, there are many ways to earn money, apart from this, you can earn money by investing in a business, then you can also learn to invest.
The important thing you have to learn is which method you want to choose to earn money in your life.
You can use your skills. You can earn money by putting in the time, but if there is no skill, then the first thing that happens is that to earn money, we have to develop skills, such a skill, by using which we can earn money, we also need the skill to do business, then you like Only you will know which skill you have to develop your skills, look at what skill everyone has a different talent inside everyone, what is the talent inside you that you can use and make profitable.
suppose you know how to play the guitar very well so can you teach people to play the guitar after that think about big leverage can a guitar constructor come inside you and teach you how to play the guitar can you open an institute can you teach guitar playing online Can you launch any course for that?
You think and as you use your skills, now you will earn money and the leverage and understands that the second thing investment is also a skill.
Invest as you are earning money, what is the need for investment, This will be understood in the third point. number one point we have to earn money, learn to earn money and develop our skills for that. now the second thing is here that when you will develop your skills and earn money after earning that money.
Saving Money:
The second thing is saving money from your earnings when you start earning you should allocate 10% of your earnings to save it will help you in many cases such the case when you want to buy something Like smartphones making an emergency fund means you have at least 6 months of your earnings.
Now the second thing is here that when you develop your skills and earn money after earning that money you have to secure it or save it. what people do, is earn money and spend it immediately, then they have nothing left.
Investing Money:
The third thing is to invest money and the third point is to grow money for that, it is very important to learn about investing. so you have to do three things earn, secure your money, and grow your money.
The day you have come to these three things, on that day you will demand that your financial education is very good. and you have to start with earnings, your earnings are good or not, your bank balance tells it. if it is not great then grow it.
The first you invest, the more time your money has to grow due to compound interest, which is earning interest on your interest. Have a clear vision of why you’re investing. are you saving for a house, education, or retirement? Clear goals help guide your investment choices. Learn the basic terms like stocks, bonds, mutual funds, and real estate. This helps you make informed decisions.
- Stocks: Buy a piece of a company.
- Bonds: Loans to companies/government with interest.
- Mutual Funds: A mix of stocks and bonds managed by pros.
- Real Estate: Buy a property to sell or rent.