a) personal statement of finance - We all know how we income & how we are spending that money, but it it is really important to know exactly how much we are spending at a time..does it really fits our average day income? Basically if we earn 10$ on an daily average, & practically spending 12$ a day...it is clear that we will be in a debt very soon & nothing will be saved for our future expenses.
So, what we can do, make a statement for our daily income & expenses, calculate every day spending & surplus at the end of that day. By this way you can verify where your financial condition stands in every moth.
b) Spending habits - As I said earlier, you have to control your spending habits this year. Try to budget & grip up daily expenditures a bit. Minimize your credit card usage & buy only required commodities at least till 1st half of every month. The less you spend, the more you save.
c) Get a right financial advisor - Everyone will be not be always aware of what happens in regular finance industries. In this case, we need a specialist who can guide us in a proper way how to use our saved finances to get a good return. So, choose a right financial advisor who can help you out to select the best investment for your money which will be most suitable for you.
d) Right investment - Financial advisors can only give you specialized suggestions where to invest, it is your duty to follow there informations & select the best opportunity available in the market. The investment may be long term or short term , basically long term investments will give you much great amount of return than short ones. What ever you decide, first consult with your financial advisor & then select.
The above given tips are solely personal view, I hope those tips will be useful for all my visitors.
Have a happy & prosperous new year :)
