Establish a financial plan from "summary" of The Psychology of Money - Gujarati Edition by મોર્ગન હાઉઝેલ
Establishing a financial plan is like setting a roadmap for your money. It helps you to see where you are going and how you will get there. A financial plan is not just about budgeting or saving; it is about taking control of your financial future. It involves setting goals, creating a budget, saving and investing wisely, and protecting yourself and your loved ones from financial risks. Setting goals is the first step in creating a financial plan. You need to think about what you want to achieve in the short term and long term. Do you want to buy a house, save for your children's education, retire early, or travel the world? Once you have set your goals, you can start creating a budget that will help you achieve them. A budget is a plan that shows how much money you have coming in and how much you are spending. It helps you to track your expenses, identify areas where you can...
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