What are some financial tips for middle class people?

What are some financial tips for middle class people?

1. Don't buy house with housing loan. Buy one with your own money. It may take time but at least you won't make any financial loss or risk.
2. Invest as early as possible because middle class people know the value of money and time.
3. Spend to the extent of what you can sustain spending. Don't spend because others living that way its only disturbs you not them.
4. Have health cover for yourself and family. Take term insurance as well.
5. Know the expenses and track them it helps you to minimize your expenses.
6. Know the difference between need and want.
7. Invest in yourself if you do this many obstacles will automatically turn backward.
8. Live life with purpose and you will find way to success.
9. Open bank account other than your salary account and start saving some money as it helps you in future. You won't need to borrow money from anywhere as you have your own. Cash you'll need in your life everywhere so value it.
10. Income - savings = expenses This should be your formula of living rather than old one Income - expenses = savings.
11. Learn new skills which will help you to built passive income.

Happy reading 😊🙏

Edit 1 : Thank you guys for your support this is my first ever answer with 100+ upvotes

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