Life tips

Indulge in simple pleasures

Life feels richer when you stop to appreciate the little things. What you take for granted are likely to be the very things that add happiness to your life. Indulge in them often.

Eliminate clutter

Work on decluttering both your physical and mental clutter that is taking up space. What are the unnecessary things, thoughts, activities, and people, you have in your life right now? It’s time to take inventory and keep only the essential. This is an essential pillar of minimalist living.

Know what you don’t know

You don’t know everything so stop acting like you do. And guess what? It’s better to admit when you just don’t know, rather than put on a facade that someone might see through.

Be in sync with others

Learn how to listen and communicate better and don’t dominate interactions by focusing on yourself.  You’ll make closer connections when you try to be more interested instead of interesting.

Overcome scarcity thinking

Stop assuming there aren’t enough resources to go around, and that you have to take from others to have for yourself. Get out of the fixed pie mindset and think more abundantly.

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Life Hack via Xasf

Find Fabulous Mentors

Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do. If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself. There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better. Patience is the key of financial success. Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above. So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

Stash Emergency Funds

Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases. If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts. Make it hard to get your cash. Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

Invest in Gold

There isn’t really a better way to invest in gold than to have the physical gold itself in your possession. You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers. Another way to invest in gold is through ETFs (Exchange Traded Funds). These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold. With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

Invest Wisely

Consider investing in funds. Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking. To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock. Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.