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How to use ur money
- Mr. Mahendra Nath Katipally

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Here are the Few Tips for you with real expirence and I guess you will love it and implement: Tip of the day Every second counts in life.. 1) Do not save all your property on flats because if some destruction happens to your flat, then you go without house and without land. So try to buy a plot and construct a house in small. and at different places eg : Bombay, Kelera, Delhi, Hyderabad, Switzerland etc. and do not construct all the houses in one place, but construct at different places. In future you will know the advantage. Many of the Gujurat people (Millionaires) have saved all their money on Flats, complex and banks at the same place, and today some of them do not even have a single pent. Solution : 2) Do not save all you money on houses but save in bank but not in one bank or one place. Save your money in different banks in different places and different countries, because if some destruction happens to the bank you have option of other bank in other country and (specially with your enemies or relatives you can go out of the problem as they check the nearer bank of your property but not outside state or entire world). Category one (If you interested in present than Future) Donot save 70% to 80% of your salary, because it means you are not enjoying but your are sacrificing your enjoyment. You must be saving 70% - 80% of salary thinking in mind that you must enjoying better life but ensure this LIFE is not predictable. Enjoy your life along with the daily life. you can sacrifice for 8-12 months by saving 70% but not for years and years. It is enough to save 40-50% of your saving and spend 20-30% on your enjoyment because in old age even if you have millions of Dollars it is waste you cannot travel or enjoy as much as ur at Young age. So enjoy each n every second . If you have thousands of Dollars and like to eat sweets and if you are suffering with diabetes what is the use. So enjoy before getting any .. Go to new places each and every year and enjoy the nature like going to Singapore or Switzerland every year new places within country or outside the countries. You must be thinking that life if for 100 years you are wrong. This was 500 years ago, but now life is only for 50-60 years. (According to the strategies and pollution report) If your age is 25 years means (you are already 50 years )have crossed your half of the life. So every second counts once again Enjoy. Category Two (If you want your life smooth thought you life) i.e. if you wish you life to be equal or higher all you life long then ?. Here is another one important one please concentrate. All the above said is ok. but you have to maintain the same pace same enjoyment for all you life long even if you losses your job or income from other sources. then only enjoy.. else you have to reduce your enjoyment e.g. : if your salary is 50,000 Indian currency and saving around 30,000. Then 1) if you want to buy a car then ensure even if you losses ur job you can be able to drive the car for life long else donot buy the car. Reason being if you losses the current job and the time might come you might have to sell the car because of maintenance , so better donot give that chance of selling the car. You can sell the car only if you wish to go for a higher car ..right.. 2) if you have already purchased the car and driving 10,000 kms per month then, even if you losses the job still you have drive 10,000 kms per month else drive only 2,000 per month right from initial state thinking in mind of future so that you can maintain the same pace all your life or higher. 3) if you have job and going everywhere on Hero Honda , after loosing job, if happens still you have go everywhere on Hero Honda and not by bus. 4) See you salary is not the permanent income it is just temporary income you try to make your temporary income to permanent income. Permanent income sources are : a) house rent, bank fixed deposit interest 3) chit fund (if reliable). thats it. Always think in mind to get more or equal than getting 100 times or loosing e.g. if you fixed deposit in bank say 10,000 and you will get at least 10,001 rupees but if the same amount if you invest in shares you might get 30,000 or 2,000 also.. so think more or equal of money than lesser risk. So that you will never face any tension in your mind. Tension eats up your life every day. So if you want to enjoy then enjoy with only fixed income and not with temporary income. Donot think that Salary is a fixed income its just temporary income as long as you do your job but Fixed income like House Rent, bank fixed deposit amount are fixed amount and you can enjoy all your life.. (life long)if you get house rent 3,000 today you would get 8,000 after 10 years becoz of demand. So try to invest your temporary income to gain fixed income and then please do not invest the fixed income as you have to enjoy the fixed income. If you investing the fixed income again.. then you are loosing your enjoyment. Eg : if you are saving 50,000 per month in your salary which is your temporary income then put them in bank or construct a house and you might get 1,000 or 2,000 fixed income in future then you can enjoy all your fixed income every month without any problems. If you want any other tips or ideas you are always welcome or share with me if you have any other tips of your own. Always go ahead or stand there itself in the same level, instead of come a step down. So before stepping up ensure you will never come down even one single step..what ever may be the situations in future or else donot step ahead till you are not confident or sure..about your future. Have nice enjoyment with your fixed income only...your comments are welcome about these tips. cheers :-) Tips Written by Mahendra Nath

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