Money is the root of all evil, and yet it is such a useful root that we cannot get on without it any more than we can without potatoes……………………….. Loisa MayAlcott(1832-1888)……..Who doesn’t nourish a desire to ride on a Mercedes Car and sleep on the bed of roses!! But then hardly a few of them are able to transcend. It’s all because people never know where to park their money and add values to it as time passes. Making money is in itself an art too easy to be mastered.
The flow of Money is cyclic and the only thing true about it is that it keeps rotating from one hand to the other thus meeting the needs of all. Income, in general is of two types: Earned and Unearned. Earned income is that what you get as wages or rewards for your work and Unearned Income is the one which you get not as a reward of some work but because you park it to a place which adds value to it and offers liquidity. Liquidity means the property by virtue of which a particular sum of money which for the time being is of no use to a particular person can be used by someone else to trade goods and services and meet their needs. Value addition means the cost charged for lending a particular sum of money to a person too needy at that time copmpared to the other. This article is to explore the myths of mechanism which adds value to your “Money” and helps you grow richer and richer.Continue Reading
Filed under: Shares, Stocks Tagged: | Financial Instituitions, Investment, Money, Types Of Banks
