- Save 50% whenever you get money.
- Your parents may stop giving you money at some point. So earn your own money as soon as possible.
- Debt is not necessarily bad. Some debt is okay. Unmanageable debt is wrong.
- Track most of your expenses. You should know where your money is going.
- Keep 12 months of expenses as an emergency fund. Take health insurance with accident cover.
- Start learning about investing in various stuff.
- Before investing, know the costs associated with it, taxes and return rate.
- Buy stuff that will make you money in the future. In other words, buy assets. Reduce liabilities. Assets put money in your pocket. Liabilities take money out from your pocket.
- Read more books on any finance topic that interests you.
- Don’t invest in stuff just because others are investing. Understand and then invest.
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