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Basics of Personal Finances you must know in your in 20’s

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     Financial Literacy is very important in your life and if you become financially literate and learn how to handle money, then maybe you won’t have problems in your life and you will know how to use money properly, your life will become easier, and you will reach one step closer to becoming rich. Personal finance is a vast field and can seem a little intimidating at first sight. There are many big words like risk, returns, and Mutual Funds. What actually are these? If you start in your 20s, then you can get many advantages. Today we will talk about 4 things that can make you richer in life. In this article, we will discuss 4 such ideas that you can implement in your life to make you more comfortable in the future, and increase your cash flow. Savings So now we’ll talk about savings. Everyone knows about savings, that we need to save money. But how do we do this? Most people call this the 50-30-20 rule, where you invest 50% of your income on your needs, 30% on your wants, luxurie
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Top 5 habits of successful people | Million Dollar Habits (Summary)

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A very important discovery of psychology and success tell that 95% of things that we think we feel, take actions, and achieve are only because of our habits. In simple words, your habits are the main factors that'll decide what you get in life i.e. success or failure. Only a few people become successful because only a few people form important habits and make it a ritual and follow it daily which in return make them successful. So today I have shared five habits of successful people in this article that even we can follow and can make our New Year and entire life happy and better. And can become successful. 1.      High self-Concept: When I was a child, I went shopping. At that time, a shop owner has told me something. Why he said, what the reason was, I had no clue. But I still remember his words clearly, which was, “Dear son, you have a really bright future. You will do a lot in Life.” Listening to this made me feel so great that I can't express what my feeling was. My i
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5 ways to improve social skills | How to win friends and influence people (Summary)

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     According to various researches, the financial success of a person depends 15% on technical skills while the remaining 85% on social skills irrespective of their field. Communicating with people, handling them, and building healthy bonding with them will highly impact your success. Today, I will share some principles with you from the book ‘How to win friends and influence people by Dale Carnegie’ that will help you improve your social skills. 1. You can't win an argument:     Dale has been involved in and observed thousands of arguments. He concluded that to get the best of an argument, avoid it altogether. Nine times out of 10, an argument ends with each person being more convinced that they’re right. Even if you win an argument, you lose. Why……? Well, because you've made the other person feel inferior and hurt their sense of pride. Ask y
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3 Golden rules of getting rich | Richest Man in Babylon by George S. Clason

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     You all might have read my blog on the book rich dad poor dad which has taught us basic financial concepts and the secret of getting rich. If you haven’t done it yet follow this link and read it first. As Samuel Johnson has said, “A little knowledge is a dangerous thing, it only hastens fools to rush in where angels fear to tread”. So here’s me with another blog that will boost your financial knowledge and help you in managing your money. The key points that I am sharing with you are from the book Richest Man in Babylon written by George S. Clason. This book is considered a classic that anybody should read, regardless of their profession. Although the concepts presented in the book are rather simple, there are 3 Money Lessons from The Richest Man in Babylon that we can all take home. These lessons are fundamental. They might not make you a billionaire but, they do have the potential to improve your life. 1.      Pay Yourself First: The first basic lesson from the book is focu
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8 Psychological tricks to Manipulate People | Influence the Psychology of Persuasion (Summary)

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You might have noticed sometimes that it’s really difficult to say “No” to certain people even if you really don’t want to do the favor that they are requesting. Now there is a science behind why it happens. One of the reasons might be that the person asking you the favour is really persuasive naturally or maybe he knows the way to persuade you. Persuasion is a technique to make people say yes to your request or idea and make them do what you really want them to do. It’s one of the most powerful skills to learn and master if you really want to achieve success in any field of your life. Persuasion techniques are used everywhere nowadays by people ranging from a normal salesman to billion-dollar companies for selling their product and even politicians.  Influence the psychology of persuasion is a book recommended by Charlie Munger who is a billionaire himself and this is one of the best books I came across on the topic of persuasion. During the course of evolution, the human brain has de
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4 ways to improve Emotional Intelligence | Emotional Intelligence by Daniel Goleman (Summary)

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If I divide Intelligence into two parts, the first one will be Intellectual Intelligence which we measure by IQ and the other one will be Emotional Intelligence which we measure by EQ. Among these two, IQ is the part which is given more importance and value by us, we all want our IQ to be the best and to be intellectually very smart meaning to score good grades to have a nice memory, to understand things easily and quickly, etc. It's good to think like this but the problem is our life success depends 20% on IQ whereas 80% depends on our EQ. Many research and studies have confirmed that most of the people who had a low or an average IQ but good EQ has achieved a lot of success in their lives whereas people who had a good IQ but low EQ has everything like happiness, bank balance, good relationship, etc. less in comparison. The reason for this is we humans are emotional creatures. Most people think that humans are logical and rational creatures but that's not true, because most of
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