Bøger af Prem Amrit

It is important to set your financial priorities in life, as this can help secure your financial future. Improper handling of funds can be too stressful.Many people do not know where and how they spend most of their income. How many times have you withdrawn money from an ATM, only to find out a few days later that there is none? It is often difficult to remember how much you have spent, and that money is often spent on frivolous purchases.A budget will help avoid this by holding people accountable for the income they spend. If a person only has $50 a month left for food, they can opt out of buying a $3 designer coffee.

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In this book, Explain the Basic Concepts of Economics. Like Economics, it is the study of how society allocates scarce resources (land, labor, capital, and entrepreneurship) to produce output. Some of the concepts are scarcity, supply & demand, incentives, trade-off and opportunity cost, economic systems, factors of production.

Money is a topic that is never taken out of context. With each stage of life, our needs change, forcing us to rethink our priorities. There is never a moment when you can ignore your finances. Like moving from college life to a new job, or from years of stable income to retirement, money problems never stop.With a little planning and positive steps, finances can bring a lot of peace and freedom. "The ultimate goal of investment and wealth management - financial freedom" will tell about certain steps towards a possible financial freedom. This book describes the main steps in goal planning. The goal of many people's financial management is to obtain stable income through investment, and hope that one day they can achieve financial freedom!Financial freedom means: "passive income" is greater than "necessary expenses""Passive income" refers to assets that generate income even if you passively do nothing, or make little effort.Examples include stocks, equity or dividend funds, bonds, leased real estate, leased land, and more.For example, the average monthly living expenses of Mr.x family is ₹40,000 ($501).₹40,000 ($501) x 12 months = ₹480,000 ($6019).So Mr.x bought 10 million bonds with an annual interest rate of 5%, and he could get10 million x 5% annual rate of return every year = ₹500,000 ($6270) of interest income per year. This ₹500,000 ($6270) of interest, Mr.x can get it without doing anything, it is" passive income".Of course, Mr.x can also choose to work or do business.At this time, the income he earns does not have to be used to cover living expenses, and can be used for other luxury goods, or reinvested to improve the quality of life!In the future, even if Mr.x does not go to work, he will still have: ₹500,000 ($6270) passive income > ₹480,000 ($6019) living expensesand ₹20,000 ($250.80) additional funds that can be used every yearTherefore, we can say that Mr.x has achieved "financial freedom"!Financial freedom can ensure a stable lifeWhen an accident occurs in your life, and you cannot rely on work to support your life, having a passive income can reduce the impact of the accident.You don't have to worry about your family's livelihood. You can use passive income to support your future life and make your life more stable!The real purpose of financial freedom is not to encourage not working.Most people work to maintain a living, but after getting rid of the trouble of maintaining a living, the meaning of work can be to improve the society and create more value!

It is important to set your financial priorities in life, as this can help secure your financial future. Improper handling of funds can be too stressful. Many people do not know where and how they spend most of their income. How many times have you withdrawn money from an ATM, only to find out a few days later that there is none? It is often difficult to remember how much you have spent, and that money is often spent on frivolous purchases.

Are you tired of mediocre returns on your investments? Do you want to take control of your financial future and achieve long-term wealth? Look no further than "Profitable Investment Strategies: A Comprehensive Guide to Maximizing Your Returns."This book is your ultimate resource for developing a winning investment strategy that fits your unique needs and goals. It covers everything from understanding the fundamentals of investing to implementing advanced trading techniques and managing risks.With real-life examples and practical guidance, you'll learn how to make informed decisions that lead to profitable returns. Whether you're a beginner or a seasoned investor, this book will provide you with the knowledge and skills you need to succeed in today's complex investment landscape.

This book contains topics related to project direction and control, it gives complete knowledge about the topics in simple and easy language.

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