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How To Transact In new globalised internet savvy economy

iDevelop financial wisdom unlearning what you have been doing with money.Saving money for any future date is insensible.

Stop parking money for 3-5 years in FD or mutual funds

Learn that investing is better than savings though a bit risky.

Invest in shares,real estate , start ups.about 70% of your savings.

Engage youngsters who are internet savvy to execute your plans. Your experience with their internet skills is a deadly

combination to become rich.

Operate in equity market and invest in large cal FMCG and IT companies.

With Re depreciating to 72rs to dollar cut down on owning cars and use uber or ola .

Get serviced home with outsourced food than cookiqueue for anythingng home.It might be cheaper..

Hire house helps for cooking, washing,cleaning as labour is cheap in india though a bit irregular in terms of observing

time schedules and protect oneself with alternate house help options.

Pay all bills online and use helps to stand in queue in banks ,for domestic needs.

Whole world easily accessible online is a resource.

Online friends make the best advisers.

Neighbours , specially inquisitive ones looking into your homes can be put to work for you.


Online can be a source of money. Write a blog on any subject you know and fancy and make it a money spinner.

Buy some space in a website like godaddy and write your heart out . It is a great stress buster

You can be the go to person on any subject you know well.

Keep buying real estate in different metros and smart cities . Your next generation will thank you for it.

Distribute your money in shares, real estate and start ups. you will not regret it.

Spending money on a good dinner instead giving a gift to somebody will make them appreciate you more.

Pl remember there are arbitrage oppurtunities in buying international currency and encahing at intervals. Emerging

country currencies are depreciating very fast to make local currency worthless.
 
Youngsters do not require any advice/suggestion on how to cope with the new economic order.Parents can learn a lot from them.

The youngsters are open about their likes and dislikes.They drop a relationship if it does not work out.Girls want equality if educated

and money earners.Only they are more equal to boys in all matters. LOL

Parents can become techno savvy and become better money managers by just listening to them.
 

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