7 Money finance Rules that you should know | Abhishek Kar #Finance

"Kya baat hai, kya Cheeze hai paisa, kya baat hai, kya Cheeze hai paise", When Mr. Akshay Kumar said this in his movie "De Dana Dan", We took him lightly, now everyone wants to earn money But do you know in 21st Century and 2021, 2022, 2023, how should you earn money,

Which are the six smart ways that you should adopt, will tell you in today’s CashNews.co, So do watch it till the end, so let’s start today’s CashNews.co by eating Chole Bhature First thing is you have to minimize your tax Liabilities smartly, Remember Iím not

talking about stealing tax, If you want to steal something then steal heart, Well here Iím talking about, you don’t have enough knowledge of tax Because of that you make so many tax related mistakes, For example a salaried individual can take exemption of 50000 house rent, according to 80C,

by adding LIC’s premium, children tuition fees, etc., you can take exemption of 1.5 lakhs and a big businessman, instead of proprietorship, if he opens a private limited firm, so he can lessen his tax obligations by 26%, so become smart in terms of tax, next thing you have to understand is

invest, but wait I’m not talking about SIP or Mutual funds, I’m saying that we have new opportunities in current times, like real states, Start-ups IITS, even we have green investing, invoice discounting too, well we had discussed about both of these in our recent CashNews.co, you can

check it out, the title is how to make money in 2022, there is one more idea that i am going to discuss with you, if you want to own a small business then you can become rich by that too, how, for example last week i went to Triveni sangam in Allahabad, there a boat charged me 3000 rupees for

family, i even took the interview of boat guy, he said that the cost of boat is 1 lakh, 1 boat works for 7-8 years, and in a day they do 4-6 rides they get the salary of 7-8 thousands, now imagine 3000*6 rides in a day is 18 thousand a day, and they take around 10000 from foreigners, means in just

30 days how much money they can earn, so you can understand that even by investing in small business how you can actually make big amount of money, By the way if anyone buys boat after watching this CashNews.co then make sure to write "Abhishek Kar" on your boat so that this CashNews.co

can get Credit and people will get to know, and if you havení;t liked the CashNews.co yet then make sure to like it otherwise, Thara Bhai Joginder will come in your dream along with his Storm (Bawandar), so make sure to like, next is you can make money but for that you first have

to educate yourself, i said it before as well in my channel, that in today’s time you should not focus on how to make money today, but you should see that how you can make generational wealth, and for that you need skills, simple example for skills is copy writing, animation, CashNews.co

editing, Graphic designing, do you know that even if you don’t have degree, but if you know any of these skills then you can earn around 20-40 thousand rupees by sitting at home, there are a lot of engineers that do jobs of 8-10 thousands after studying a lot, and the simple method of

increasing skills is Books, i know a lot of you feel like reading books is boring, so why not take knowledge by hearing them, and in this Kuku FM can help you where you have the content of 1000+ hours, here i was hearing a book summary named as Personal MBA which made me realise that how many

things we can learn only with the help of our phones, only by hearing, if you download KUKU FM from the link in description and if you use my code AK50, then you can get 50% off, so do check out the link which is there in the description, now let’s move to next point which is 4% rule,

it’s a very interesting concepts guys, a lot of us focus only on saving where do you know if you understand some maths then your Savings become efficient, so there was a survey conducted which found out that maximum people are just focusing on cutting their expenses rather

than increasing their Income, so if your expenses stay same, so if you save 5% of monthly Income and if you are able to do all the expenses form your salary, then it will take 47 years for you to retire, if you save 10% then 38 years, if you save 25% then 25 years,

so are you able to see that as your saving amount increases, the soon you can get retirement, so in Indian context if you earn 70,000-1 lakh, with the few years of experience a lot of individual earn, so if by any way you are able to save your 65% of salary that i know is difficult but if you are

able to save it, so you can retire in just 11-12 years only, so increase your Income and Savings and after that get retired, so do tell me in comments that in how many years you want to retire, i would love to know that next point in Fees in Investing which is,

those who thinks that they can put money in Mutual funds and can retire, they are totally wrong, let’s say you invested 1 lakh in mutual funds, now if mutual funds take 1% fees VS if you invested 1 lakh and it takes 2 present fees, so the difference is so much in long term, in long term it

can create difference of 30% in your returns my friend, so you should become smart in terms of fees which you are paying for an investment, finally Credit score, we all feel like we can freely use Credit cards and Loans, there is no problem in it,

but pay your EMI on time, or don’t take the Credit form your Credit card above your capacity, because it can ruin your CBIL or Credit score, that’s why Raj Kumar Rao, who is a very nice actor, who i respect a lot, His PAN card got

hacked and his CBIL score got messed up, he tweeted, you have to understand that if you CBIL score got messed up then it is dependent on their Payment history, Credit utilization, and how you spend So, if your score get messed up at the end so the interest you had to pay at the

end, the interest to bank, its payment gets higher, and because of this you start having more losses so you have to keep in mind that your Credit score won’t get messed up, so friends these were those 6 pointers which you should keep in mind, because if you keep these 6

things in mind, then you become smart money wise, and if you want more such CashNews.cos then make sure to like and share till then keep learning keep growing and keep investing & keep trading.