Follow these methods to become rich in 2020
Follow these methods to become rich in 2020
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Everyone wants so much money that they can live a good life. You could travel and his future should be secure as well. This is the reason why we want to earn more and more money. For this, we do a job or business or invest. It is true that there is no limit to human desires, yet if you want to earn a lot of money to live a good life, then instead of anyone medium, you should adopt all kinds of means. Manikharan Singhal, Chief Financial Planner, 'Good Money', said that the easiest way to become rich or prosper is that you can take what you have. He said that it is not wise to give money to someone else as an interest by taking a loan. It is very important to understand your needs and desires. He said that needs should be met with his income, although it may be better to add money to fulfill the desire. No cost EMI also takes you away from reality, so it is important to understand your income. Let us know what five things you should try in the new year so that you can earn more and more money in the new year.

1. Stop unnecessary expenses: If you use a credit card, then you should immediately see what item you can stop spending. For example, if you cannot stop yourself from the habit of shopping, then delete the credit card from the shopping app. With this, whenever you go for shopping, you will think that that thing is very important for you or not. You set a number in mind for credit card spending every month. After reaching that limit, stop the spending on the card. This will help you to prevent unnecessary expenses.

2. Increase in income: If you are not satisfied with your current income then pay attention to your KRA. Do everything possible to complete them so that your salary increases well. Also, consider ways to improve your skills. With this, you will be able to grab new opportunities and a better salary. This way you will grow without putting in extra effort.

3. Investment: Nothing is going to happen by earning and saving. Investing in the right place of rupee is very important to get better returns. If you have not started investing yet, start it. If you are not in a position to take a lot of risks, then look for options like Public Provident Fund (PPF) and NPS and RD. After this, if your confidence improves then set big financial goals and try to fulfill them. For this, you have to prepare your investment portfolio very carefully.

4. Tax Benefit: If you are not able to avail of the tax benefit under Section 80 (c) of Income Tax Act, then while investing, choose a plan that allows you to get a maximum tax benefit.

5. Development of the second source of income: In today's time, you may not be able to raise full money for your lifestyle by earning from under one. In such a situation, you can earn money through part-time work. If you are better at skills like photography, music, editing, then you can also earn money through it.

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