Financial habits of Indians:-

  Our country is a growing country.Most of the people living in India have no financial planing.They do many big mistakes in their life.Some are follows:-

1.People living in villages take debt on very high rate.Many times they pay interests many times more than the principle amont.

2.Most of the Indians have no Life Insuranse Plan.Some people who have taken such type of plans,they also have taken very less amount of life cover than their requirements. Though, now people are understanding the importance of such plans and they have started taking interests in term insurance type plans. 

3.Maximum Indian families have no medical insurance.So,when medical imergency comes they looses all their savings in a very short time.

4.Now a days it has become fashion of showing.But in doing so they buy many unnecessary things on emi.In such a way they spend their earnings very easily which could be saved for becoming their financially free.

5.Most of among us have no habit of saving. Thish is our  very bad financial habit. If we start saving and invest our savings most of INDIANS will become financially free in a very short period of time. 

Comments

Post a Comment

Popular posts from this blog

FINANCIAL LITERACY IN INDIA:-

   We Indians are really hard working.We earn money by our hard work.From our childhood we are learnt about earning  and saving money.But how to generate better retturn on our savings nowhere it is taught.So most people choose traditional ways of investment.They keep their savings in saving accounts from where they receive very low interests on their savings but if they choose short-term fixed deposits option they can easily get better retturn.Maximum people of India make such type of many mistakes in their lives. How can get rid of such type of financial problems?       Let us try to find out the solution of such problems:- 1.At first we would have to understand that our literacy rate is very low so it becomes very difficult to bring people out from their traditional thought. 2.In our country there are no any system to get financial knowledge. Our schools do not teach us how to take our financial steps in our lives.So most of educated people also take many...
Read more

How can we get rich

 BILL GATTES has said if you born poor it is not your mistake but if you die poor it is only your mistake.We must understand that if we change our poor mindset and take some small steps we can become rich in near future.To be rich is our  fundamental right we will have to work with such mindset.Our goal to be rich must be very clear.If we become clear in our inner world we also start taking those steps which make clear our ways in outer world.    To be rich in every part of our lives there need to take some easy steps which are follows:- 1.We should always focus on learning.The more we learn the more we get its retturn in compounding form.If we don't try to learn we loose also in compounding form. 2.Always try to learn high paying skills.We can easily understand that a rickshaw puller can not expect to get so much money as a pilot is paid.Means to say that if we learn those skills for which huge amount is paid we can easily increase our networth. 3.We must stop buyin...
Read more

Day to day financial habbits of a common man

   Why a person is so common?A person is a common person because his habits are also common.Our habits make our future. After our getting up to our slipping we do many things. Gradually these become our habits. If we improve our habits and take some small steps for the betterment of our lives we will grow up to highest point of our lives. Now we will discuss how we can make our future bright after changing our day to day financial habits.  1.At first we should value our time. We must understand that nothing is more important than our time.We should know that only one thing is common between an ordinary person and an extraordinary person is both have 24 hours in a day.How they use their 24 hours decide their future. If someone use their time in a proper way he will certainly make his life successful.   2.We save our money for future but we don't invest our savings for batter retturn.If someone invests his savings  in maximum cases he chooses only traditional...
Read more