5 lessons from Money Works by Abhijeet Kolapkar

Image: Instagram/@abhijeetjk [{ "selector": ".ixfmx-a", "duration": "500ms", "fill": "forwards", "delay": "750ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }, { "selector": ".ongsl-a", "duration": "500ms", "fill": "forwards", "delay": "500ms", "keyframes": [ {"offset": 0, "opacity": 0, "visibility" :"visible"}, {"offset": 1, "opacity": "1", "visibility" :"visible"} ] }]

Let’s learn what Abhijeet Kolapkar’s Money Works teaches us about personal finance and money management to build a secure future. Image: Instagram/@abhijeetjk

Financial literacy

Learn about financial concepts in depth and make your foundation strong. Knowledge is power when it comes to building wealth in the long term. Image: Shutterstock

Realistic budget

Make a realistic budget that you can actually stick to. Track your income and expenses and find areas where you can cut back to save more. Image: Shutterstock

Manage debt

Prioritise paying off debts that have the most interest and reduce the financial burden to focus on saving and investing more. Image: Shutterstock

Insurance and emergency fund

Protect your assets with a strong insurance policy. Additionally, establish an emergency fund to be prepared financially during unpredictable events. Image: Shutterstock

Plan for long-term

Invest in long-term financial tools and leverage compound interest by saving from an early age to see exponential growth over the years. Image: Shutterstock

Key takeaways from Zero to One by Peter Thiel

Thanks for reading! See next Read Now