Money Checkpoint

All people make money but not all re-invest and manage money properly.

Money Checkpoint All people make money but not all re-invest and manage money properly. Only making money is not enough but re-invest the money and managing it are as important as making it. It is better to have low income but invest and manage it efficiently and effectively rather than having higher income but not being able to reinvest and manage it properly.

To have enough money to invest you need to avoid both spending money before you earn and impulse buying as they are reasons for poverty as the money will be spent on unnecessary products or services. Advertising and media may trigger these actions more and more as they promise happiness, or it can be an education issue and lack of financial literacy. However, it is like scarifying your future at the expense of your present.

But saving at least 10 percent of your disposable income and invest money in the available investment options such as Stock market, real estate, family and friend businesses or preferably your own business, enhance your wealth and increase your income.