How can I build myself financially strong in 6 months?

Being financially strong requires an individual to take some conscious steps.

These steps are as follows:

  • Make of list of things you need and buy them from places where you get discount
  • Use Public transport or walk where possible
  • Stay away from binge buying (like one-click from Amazon etc.)
  • Follow this formula → Spend = (Salary – Money kept aside for Saving & Investing)
  • Cut back on unnecessary subscriptions (like Netflix, Hulu, Disney Hotstar etc.)
  • Live lean (buy what you need and use regularly)
  • Pack your lunch and make your tea/coffee (whenever possible)
  • Invest the saved money in tax-efficient bonds and index funds
  • Whenever you feel the impulse to spend → sit on the decision for 24–48 hours and then act on it

These are not 100% full proof measures but they can get you started to build a strong foundation.

Also, you can customize your steps inline with stage in your life

Hope this helps

God Bless!

One thought on “How can I build myself financially strong in 6 months?

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  1. These are not 100% full proof measures but they can get you started to build a strong foundation.

    Well Sir, these are definitely 100% Full Proof measures to lay the strong foundation for the consistency on long term to gain financial strength.

    Thank you

    God bless

    Liked by 1 person

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