How to spend your salary and how to buy happiness with it?
I don’t know how many of us know exactly what to do with the salary we get. I don’t until I read “The richest man in Babylon”. You may think you have to save some amount from the salary, buy things that you always wanted and there are other expenses like rent, food, entertainment. The method that I am going to say may suit you or it may not. You can always modify according to your needs. No matter what your salary amount is, take 10% and let the money grow. You can invest in the field where you are sure of getting the positive results. Then the next 20%, you can use it for paying debt or EMI. I would suggest that before taking an EMI option, make sure that EMI does not exceed your 20% of your salary. If you are buying a house, then you can go for 30% of your salary (10% investment + 20% EMI) as EMI because I consider buying a house is kind of an investment. With the remaining 70% of your salary, you can live as you want. Suppose you have invested 10,000 whi...