00:00Hello friends, how many of you find yourself asking at the end of the month, my salary
00:05is good but where does all the money actually go?
00:07If this question also occurs to you, then you should watch this video until the end.
00:12Because today we are going to understand personal finance in simple terms, which is all about
00:17how to handle our money the right way.
00:19You see personal finance is not some big complicated thing, my friends, you put it in very simple
00:24words.
00:25It is about deciding where to spend the money you have earned, where you should save it
00:29and how you should invest it for your future.
00:31All of this together is personal finance.
00:33So it is not important to have a lot of money.
00:36How we use our money and how we save it is much more important.
00:39Do you know what the biggest mistake we all make is?
00:42We think I will save whatever money is left at the end of the month.
00:46But to be honest, at the end of the month, we have nothing left in our hands.
00:50But you should remember one very simple rule, save your money first and then you spend.
00:54When your salary comes in, immediately set aside 20%.
00:58That way, you simply cannot spend that money.
01:00And slowly you have to increase this saving.
01:03Do you know where most of the money goes these days?
01:06Online shopping, food delivery and subscriptions.
01:09You may have taken many subscriptions but you do not use them at all.
01:13I have a small piece of advice for you.
01:15For an entire month, write down your expenses.
01:18But do not just write them down.
01:20Do not make any changes either.
01:21You will realize that you are spending money here unnecessarily.
01:24We may have subscribed to many such services and among them could be Spotify, Netflix and
01:29several others.
01:31Now the moment you realize this, half of your problem is already solved right there.
01:35You cannot get rich simply by saving money.
01:37You have to put that money to work for you, which means you absolutely have to invest it.
01:42If you are completely new to this, you should look for safe options like an SIP, Mutual Funds
01:46or a PPF.
01:47You must remember.
01:49The person who starts investing early on can become much richer, even if they are saving
01:53less money.
01:54Time is the single greatest power in investing.
01:56So we really should start saving and investing right now, starting from today.
02:01My friends, personal finance is not about being stingy.
02:06It means taking Nukahi responsibility for your own future.
02:09If you take responsibility for your own future, your savings will increase and your investments
02:14will also be in the right place.
02:16This is all about taking care of our own future ourselves.
02:19We will meet in the next part.
02:21Until then, make sure you let your money work for you.
02:23Thank you very much.
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