1. The document provides tips for managing money effectively such as starting to invest and save early, avoiding wasteful spending, maintaining financial discipline, and balancing investment, enjoyment of life, health, and family. 2. Key principles discussed include learning financial education from books, focusing investments on areas of knowledge and control rather than social media trends, avoiding expenses just to show off, and keeping income increasing annually through skills development and side businesses. 3. Maintaining fitness, homemade meals, spending quality time with family are also emphasized as important for health and well-being in addition to financial management.

1. Principles to manage
your money
Dr. Shruti Saxena

2. Introduction
Science of money-
 Rich people are very good in management of money and poor people are very
bad in management of money. If poor people would know about the secret to
manage their money. Slowly and gradually the will become rich.
 So we can say it is an art to manage your money. So you will have to remove
all the leakage of expanding money. First you need to find out what are the
leakages of spending money .
 I have taken here some practical example:
1. Use of credit cards for personal expenses.
2. Just buying cloths and accessories only for showing others. Actually which is
not required.
3. Negligence of health.
4.

3. Tips for manage your money
 For achieving financial freedom in your early stage of life you need to
educate yourself about the financial education.
 The best way to get update your knowledge regarding finance is to read a lot
of books regarding investing money and understand psychology behind the
money. Ex: Rich dad poor dad(Rabert Kiyoski), The Intelligent
investor(Benjamin Graham)
 Some important facts from rich dad and poor dad are:
1. Rich people don’t work from money, money work from them.
2. Keeping money is more important than making it. (It is not only important
that how you earn money but it is also equally important how you maintain
and grow your money.)
3. Get in to your business along with your job.
4. Taxes are only for middle class and poor's.
5. Rich people learn all the time and know how to sell their idea.

4.  Some important facts from the book “ The intelligent investor”
Investing vs Speculating-
1. A good investor always do a thorough research then take their decisions while
speculators make their decision on the basis of news channels, others research.
2. A good investor always focus on the safety of capital. Is there money is safe or not
at the time of purchasing shares while speculators only see the trend in upcoming
time.
3. Promise of adequate return- How much return you are expecting from your
investment.
- If expectation is
7-8% - FD
11-12% - Gold
14-15%- Mutual fund
19-20%- Stock market
4. When price of the share is decrease just buy and when price of the sell is increase
just sell.

5. Waren Buffet rules to become money magnet
 1. Say no to wastage of money in the form of expensive car, watches,
expensive holiday packages, EMIs for home and car,
 2. Ask for discount because price( what you pay) should be less than the
value(what you get) of the product.
 3. Take your financial decision wisely.

6. How to manage your Money
Seven Principal to manage your money.
1. Start investing as early as possible.(So you should learn two skills 1. how to
save money 2. How to invest money.) So as early as possible you should start
saving one portion of your money.
- Power of compounding – When you start saving early then you start investing
early and then only your money starts growing.

7.  2. Don’t make your investment decisions based on social media type.
- Some times stock boom, some times property boom, Recently we have heard
Cripto currency everywhere, NFTS.
- Every six months Something new will come.
- Rule no. 1- Invest where you have knowledge and control.
- Rule No. 2- Never make investment decisions by listening to one or two
success stories.
-Rule No. 3- Track where you spend your money whatever gets monitored gets
improved. If you have data then you have controlled.
It is said that Beta jhooth bol sakta hai lekin data jhooth nahi bolta hai.

8.  Rule No. 4- Never do expense to show off. Never take personal loans for any
kind of luxuries.(Ex- Credit card loop- If you don’t handle your credit card
well, one of the costlist loan is the credit card loan.

9.  Rule No. 5 Keep your friendships and investment separate.

10.  Rule no. 6 Income must increase year on year.
 Learn more skills
 Do your job seriously
 Keep getting better at what ever you do.
 Do a side hustle.

11.  Don’t postpone enjoying your life because investment fund is not big enough.
 Keep 5-10 % income for enjoyment. Keep one fund for investment and keep
one fund for enjoyment and entrainment also.
 Money will come and go but time will always go. You will never get back your
time.
 Earn money-save money-invest money- keep learning- keep growing- hustle
do whatever- but don’t postpone living your life because of financial goal
style.

12. Fittness
 1. Do half an hour regular exercise.
 2. Always prefer homemade food.
 3. Fruits, sprouts, nuts include in your diet.
 Do 15 minutes Pranayam.
 While going to bed take10 minutes to say thankyou to your God for having
Human body, For having Family, For getting good opportunity to study. Say
thankyou for every small opportunity.. slowly and collectively it will become a
big opportunity.

13. Family
 Always be a big reason for your family happiness.
 Be responsible for your parents and siblings