તમે ધનવાન આ 3 કારણોનાં લીધે નથી! | Ek Vaat Kau | Building Wealth

તમે ધનવાન આ 3 કારણોનાં લીધે નથી! | Ek Vaat Kau | Building Wealth

Description
This Video outlines three reasons why building wealth can be difficult:

Lifestyle Inflation: As income increases, expenses also tend to increase. This can lead to a cycle of earning more and spending more, with new luxuries becoming normalized and a higher baseline of necessary expenses. This can deplete wealth, especially during bad times, and can lead to mental agony and the need to take on loans. The solution presented is to save and invest first, spend later, and to build emergency funds with safe investments.

Investing More in Depleting Assets: Investing in things like vehicles and electronic goods, which depreciate in value, can hinder wealth building. These items should only be purchased when truly needed, and unnecessary upgrades should be avoided.

Overlooking Small Financial Habits: Daily spending on small, unnecessary items can add up significantly over time. This "spare change" or "petty expenses" can amount to thousands of rupees per month, which could otherwise be saved or invested. The document suggests tips such as "always look poor" (unless required), avoiding being the richest in a poor neighborhood, and aiming to be the poorest in a rich neighborhood.

#WealthBuilding #FinancialHabits #LifeStyleInflation #EKVaatKau #VTVGujarati


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