Skip to main content

Entry level employees guide to saving and wealth


As an entry level employee, there is student debt, rent, transport and other expenses to take care of.The paycheque gets exhausted settling bills and barely anything is left thereafter.But as we know there must be monthly savings and investments to have wealth eventually .

Here are a few ways to cut down on expenses/increase income and save a part of the paycheque:

  • Start cooking your own meals instead of eating every single meal outside
  • Use the public/office/building gym instead of a gym membership
  • Take local transport instead of a cab each time
  • Move to a not so grand neighborhood  if it is not too far from work
  • Take up a part time/freelance job on weekends
  • Have a side hustle-your own business that helps you earn extra money
  • Teach skills you know for extra money to students
  • Curb the urge to buy every new shiny phone or gadget
  • Invest money in safe return giving instruments
  • Find free and low cost events to attend in city
  • Limit air travel





Labels:

Comments

Post a Comment

Popular posts from this blog

How to overcome fear of engulfment in relationships

Fear of engulfment is the fear of getting controlled by partner or losing yourself in the relationship.It is a very strong fear of being swallowed by the partner and makes one run for the hills.The individual with this fear hence completely avoids relationships sometimes or is unable to sustain them and runs each time things begin to heat up. This fear is actually a fear of rejection .Due to this fear the individual gives too much in the early phases of the relationship so that they can please their partner and to ensure their partner likes them.They take responsibility for their partners feelings and want to make sure the partner stays happy and does not reject them.But this too much giving from the fear of rejection makes them feel trapped. The solution to this is to develop stronger boundaries, not take rejection personally and religiously practice inner bonding to develop a very strong sense of adult self. Let us see examples in of a person named Raymond who is 44
Post a Comment
Read more

Aanchal Parker Poetry #4

Post a Comment
Read more

Difference between coaching and therapy

LIFE COACH VS. THERAPIST One of the most common misconceptions about  life coaching  is that it is therapy in disguise — or, worse yet, therapy from an unlicensed practitioner. In reality, life coaching is truly its own unique service designed to help people   meet the outcomes that will bring them success and fulfillment, in   all areas of life. Here are some of the differences between life coaching and therapy, and a basic guide for when each service is appropriate. DEFINING TERMS: LIFE COACH VS. THERAPIST What is therapy? Therapy, is a long-term process in which a client works with a professional to diagnose and resolve and heal problematic beliefs, behaviors, relationship issues, feelings ,emotional wounds and buried trauma and sometimes physical responses. The idea behind therapy is to focus on past traumas and issues to change self-destructive habits, repair and improve relationships and work through painful feelings. In this sense, therapy focuses on the past and on int
Post a Comment
Read more