There is no shortcut on the road that leads to financial freedom. The only way to achieve financial freedom is by walking the miles on the coarse road. A simple investment strategy like investing in multiple FDs can liberate you financially faster than what you anticipated. Besides investing in Fixed Deposits, there are a few more things you need to do: Besides investing in Fixed Deposits, there are a few more things you need to do: Invest in your Health: “Health investment is the best investment” whether you agree or not, it is true. Staying healthy gives you the mental and physical strength that an individual requires to indulge in activities through which they can gain monetary benefits. Plus, if you analyze the cost of living chart carefully, you’ll realize that medical expenses can put a hole in your pocket and deplete a large portion of your savings. So, it’s better to secure your health with a medical insurance when your health status is on the bright side.
Follow the Mantra: SAVE, SAVE, and SAVE: “Work like a slave today and live like a king tomorrow.” In order to achieve something as difficult as financial freedom, you have to make numerous sacrifices. Drop frequent travel plans, cut down your unnecessary expenses, live a very simple life to save as much as you can; and invest as little or as huge as possible in high-interest income schemes like FD. Invest whatever you save every month in fixed deposits (FDs) for a safe and profitable investment.
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About Author:Aman is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms. Archives
August 2022
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