Tuesday, December 15, 2009

How To Allocate Your Income?

How To Allocate Your Income?

Every month you receive a pay check. But let me ask you a question – Have you ever spend your time behind allocating your Income? & If yes than tell me that How do you allocate your Income?

Ok. Let me ask you a Simple but straight forward question.

What I want from you is that, How much money you allocate every month for long term Investing? I am not interested in how much money you spend behind mobile phones, Internet connection, movies and long drives. I am interested in How much percentage of your Income, you allocate every month for long term investing? Say for Example in SIP?

I know that, most of you will answer that - “Not Much”.

But well, according to several studies, People who are rich and financially free today have allocated at least 15% of their monthly income for long term investing such as Mutual Funds, Gold, Stocks, Businesses…etc.. for more than a decade.

And this is the reason why they are rich and financially free today and everyone else is struggling hard for money.

The golden principle of Financial Freedom is that, You should allocate at least 15% of your monthly Income for long term Investing.

I know that many of you will argue that, But it is impossible. Because nothing left at the end of the month after doing household expenses. But wait. Please don’t give me any Excuses. I have already told you that, this is 100% surest way to become financially free and rich. So now, don’t ask me for any smooth and easy way to become financially free.

Financial Freedom is not easy like weekend at Hawaii or Long drive with your girl friend. The Path of Financial Freedom is tough.

So If you want to become Financially free than allocate your 15% Income every month for Long term Investing. And Stop Making Excuses…… I don’t want to listen your Excuses…..!!!!

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