Money isn’t everything but everything needs money. With a lot of aspiration and hopes, we have entered in 2017. You must be looking for good Money Mantras to elevate your financial life. I am here with 6 Money Mantras for 2017.
I am sure that these money mantras will defiantly improve your financial life in 2017.
6 Money Mantras for 2017
1. I will Plan for Income tax saving in advance
Every year we rush at last minute to save tax and end up making bad investments. This year take a pledge that you will start income tax planning exercise in advance. Advance tax planning will surely help you in taking an informed decision.
2. I will establish the second source of Income this year
The next money mantra of 2017 never depends on the single source of income try to generate a second source of Income. Distributed income source always helps you to reduce a risk. Start with part time online or offline business to establish the second source of income.
3. I will save more money for future
Money saves the money saver keeping this thought in mind the next mantra is saving more money for the future. You should challenge yourself by throttling your saving level.
4. I will adopt a rule of pay myself first
If you want to be rich adopt a rule to pay yourself first. This means before you spend any money on groceries, entertainment or household expense allocate an amount for yourself into your saving.
5. I will maintain discipline while making investment
The next money mantra for 2017 is maintaining a discipline while making an investment. The best way of maintaining discipline is SIP. You should atomize your investment via SIP route.
6. I will assess my portfolio regularly and make changes as per requirement
The last money mantra for 2017 is regularly reviewing your investment portfolio and making changes as per requirement.
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