Abb let’s see the opposite of - you earn, you save, you spend. Iss method mein - you earn, you spend, and you save later.
If you get your salary and you want to immediately buy everything you like, you may be in deep trouble. Why? Because you have not thought about baaki ka mahina kaise chalega? You have not spent money on what you REALLY NEED. Rather, you have bought something that you wanted; something that could wait. For example, another shirt or a dress.
Let’s see what happens when we use this method - earn, spend, save:
Table of contents [Show]
Limited savings
Jab sab spend kar diya hai, toh how will you be able to save for the future? How will you have a better life with a house and car and other good things?
Missed investment opportunities
Paise paise ko kheechta hai. If you don’t invest properly, how will you get the benefits of what you have earned? Jaise, bank mein byaaz milta hai. When you save and invest early, you have more time for your money to grow.
Limited financial freedom
Suppose, pagaar milte hi, you spend a lot of money in buying things that are not important, abhi sirf ghar chalane ke liye paise hai, what will you do for the rest of the month? You have no freedom to do things that you really like to do or want to do. That’s sad.
Loans and more loans
When you have a habit of always spending first and saving later, you may spend on credit cards or take loans from friends and family members. This slowly starts to become a habit. When you get your salary, it gets spent on repaying your loans. Slowly, this becomes a loop. A dangerous one. And in case you are not able to repay your loans, your udhaar starts to increase.
Financial stress
We all earn so we can live a good and happy life. Don’t we? Agar itna mehnat karke kaam karna hai, and still be stressed about money all the time, what is the purpose of working this hard? If you are constantly worried about money, you may start to fall ill. Then, you’ll have to take loans to pay medical bills. Iss liye, first save, then spend.
Jo important hai, buy that. Save from your earnings. Baaki jo bachega, spend on yourself. It isn’t about not leading a good life, it is about leading a smart one.
Read Part 1 (click on the title below)
