write paragraph out of the proper money manage
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=>the money is important but it is not the ultimate thing to lead the life
=>we can have many but we can't eat the money
=>money madness leads to the many distractions in the country
=> one can stole or can do. Robbery the money but no one can do the same with our knowledge
so the knowledge is more important than money
=>we can have many but we can't eat the money
=>money madness leads to the many distractions in the country
=> one can stole or can do. Robbery the money but no one can do the same with our knowledge
so the knowledge is more important than money
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2
Money management is the process of expense tracking, investing, budgeting, banking and evaluating taxes of ones money which is also called investment management.
Money management is a strategic technique to make money yield the highest interest-output value for any amount spent. Spending money to satisfy cravings (regardless of whether they can justifiably be included in a budget) is a natural human phenomenon. The idea of money management techniques has been developed to reduce the amount that individuals, firms and institutions spend on items which add no significant value to their living standards, long-term portfolios and assets. Warren Buffett, in one of his documentaries, admonished prospective investors to embrace his highly esteemed "frugality" ideology. This involves making every financial transaction worth the expense:
1. avoid any expense that appeals to vanity or snobbery
2. always go for the most cost-effective alternative (establishing small quality-variance benchmarks, if any)
3. favor expenditures on interest bearing items over all others
4. establish the expected benefits of every desired expenditure using the canon of plus/minus/nil to standard of living value system.
These techniques are investment-boosting and portfolio-multiplying. There are certain companies as well that offer services, provide counselling and different models for managing money. These are designed to manage assets and make them grow
Money management is a strategic technique to make money yield the highest interest-output value for any amount spent. Spending money to satisfy cravings (regardless of whether they can justifiably be included in a budget) is a natural human phenomenon. The idea of money management techniques has been developed to reduce the amount that individuals, firms and institutions spend on items which add no significant value to their living standards, long-term portfolios and assets. Warren Buffett, in one of his documentaries, admonished prospective investors to embrace his highly esteemed "frugality" ideology. This involves making every financial transaction worth the expense:
1. avoid any expense that appeals to vanity or snobbery
2. always go for the most cost-effective alternative (establishing small quality-variance benchmarks, if any)
3. favor expenditures on interest bearing items over all others
4. establish the expected benefits of every desired expenditure using the canon of plus/minus/nil to standard of living value system.
These techniques are investment-boosting and portfolio-multiplying. There are certain companies as well that offer services, provide counselling and different models for managing money. These are designed to manage assets and make them grow
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