Category Archives: Money

Worth of Money

For those who came here to read how to earn/double your money than this not the blog post for you (you may like to check other posts on our site). In our Sunday edition, lets discuss ‘Is Money worth it?What is the real cost of earning Money?

Welcome Guys, I hope you are doing well, safe and sound from this ongoing pandemic, Happy & Healthy both physically and mentally. Today let’s take a step back and think about Money. Earning Money comes with a cost. A cost which is paid either in terms of efforts or time or both. And sometimes we end up spending way too much than the return we get. Well there is no way or a formula to equate things, like Money = Effort + Time – Stupidity or something similar, but what we all can see around is the consequences. It is very well true that a life without Money is a life full of Misery and Suffering, at the same time it is true that a life with Money and no intangibles like Happiness, Mental Peace is not worth it. Sometimes we get trapped in this vicious cycle of show-offs that we not just end up making unnecessary expenditure and destroying our wealth but also the more precious the ultimate gift of nature ‘Our Health’.

It is rightly said our body is a temple, and taking care of it should be our first priority even before growing income or building wealth. Moreover if you lack Mental Peace, no amount in this World be it a Trillion dollar can compensate for it. You may very well argue that at least Money can buy better things, comfort even if you are not fortunate enough to walk, it can get you a remote controlled wheel chair or maybe a personal assistant to help ease the pain, I agree that argument is valid! “Better be a Rich cripple than a Poor, but at the same time remember not to let Money cripple your Happiness or Peace!” Don’t let Money make you the unfortunate one to be alone like ‘Scrooge’, the character from 1843 famous novel A Christmas Carol (an interesting read, if you haven’t read that, i recommend you to do so). Don’t forget to check on your loved ones, and have some time out here & there. Take out some time to spend with your family, and enjoy out in Nature doing things that doesn’t require any Money. A life full of experiences at the end is more fulfilling than the one filled only with bundles of Cash.

Yoga
Yoga

That said, the point I am trying to make is not to discourage you to Earn less or pick up that easy Job; because remember it is better to suffer as a Rich than a Poor, but at the same time don’t forget Money is to make life easy, Wealth is for the financial freedom and the ability to buy things that in terms make you Happy not to pile up the cash later to spend it healing yourself from a depression or a disease which can be avoided at the first place by taking out time to connect with your body, mind and spirit. One thing I highly recommend is taking out time everyday to do Yoga, an ancient Indian Practice that keeps you healthy and helps connect your Mind, Body and Spirit.

I hope this blog post helped you realize the importance of being fit and stay focused, so that you can enjoy all the fruits of your efforts!

For future Financial tips and be on track to Financial Freedom do follow us @ritefinance. Your Support is the Intangible, single important dose of Happiness is all we need. Thank you

Invest your Money

Money affects every aspect of our Life. But oftentimes we forget that it is just a tool. A tool to help us live better, not the sole purpose of life. It is not the only thing that should matter, but yes its a major thing in Life.

If you are broke, no one will shelter you. If you are broke, sure your life becomes a hell. That is why we need to understand how to not let Money destroy our Happiness, how to not let Money stress us, how to not let us be consumed and work tirelessly for Money without caring about health or stuff that matters,“how to be financially free”!

One Important aspect to Financial Freedom is INVESTING. ‘To Let Money grow Money’. But before you Invest, you need to know

5 To Dos of INVESTING

1. Only INVEST in things you understand. Not just listen to any random advice, Do your own due diligence before Investing. Because Investing comes with risk and you are never guaranteed to make Money, you may lose all.

2. INVEST for the Long term. By Investing for long term you can stay away from seasonal risk and short term market fluctuations, hence reducing the risk and letting your capital grow over the time. This is the way to reap all the benefits of Compounding.

3. Diversify your Investments. Like the saying goes don’t put all your eggs in one basket. The same is true for Investment, one should not put all their Money on a single asset.

4. Only INVEST the Money you don’t need for the next 1 to 3 years at-least. Well apart from Investing you need to make sure you have a saving cushion, and some cash to be used in case of emergency.

5. INVEST on Self. Now this is the thing many of us forget, well its equally important if not more to Invest back on self i.e. education, learning, personal grooming, health etc in order to reap all the benefits and even further grow your Investments.

That’s all for now ‘Happy Investing‘. For more such Personal Finance related tips and knowledge do follow riteFinance, ‘because Money Matters’.