Rule number one: Don’t trade time for money. If you are spending more time working than you are spending enjoying your life, it is time to make a change. You need to find ways to balance your life so that you can spend as much time as possible with your family and friends.
Rule number two: Don’t spend before investing. When you invest your money, you are not putting it all at risk. You may not get back the full value of your investment right away, but over time, it will grow. This is a better way to save money.
Rule number three: Have multiple income streams. If you only have one or two sources of income, you may find it difficult to save. If you can have multiple income streams, you will have more money to save. This is important because if one income stream decreases in size, you will still have money to support yourself.
Rule number four: Don’t forget to enjoy life. If you are always working and never taking time for yourself, you will quickly lose happiness and vitality. Make sure to find ways to enjoy your life, whether it is spending time with your family, going on vacation, or reading a book. This is important because it will help you to relax and recharge.
Mr. Amol Arora (B.E. (Delhi College of Engineering), MBA (University of California, Irvine, USA), P.G. Researcher in Education Leadership & Management at University of Nottingham, UK) is the Vice-Chairman & Managing Director of SHEMROCK & SHEMFORD Group of Schools. Mr. Amol Arora is a visionary person with a multi-dimensional personality. Mr. Amol Arora is the prime force behind the growth of SHEMROCK preschools and also in transferring the same stress-free and fun-filled learning environment to SHEMFORD Futuristic Schools. As a tribute to his contribution to the education fraternity in India, Mr. Amol Arora has been honoured for “Outstanding Contribution to the Indian Education System” by the Independent Schools Federation of India in 2006. He also received “Young Entrepreneur of the Year 2006” Award by the Lt. Governor of Delhi. Mr. Amol Arora is a regular speaker at various Educational Leadership Conclaves, Conferences and Seminars in the country, including VCCircle, TiE, ICSI, Eduvision, DIDAC, World Education Summit (WES), One Globe, India Learning Expo, EduConvEx, School Leadership Summit, Education Thought Leaders Conclave, Asian summit on Education & Skills, eINDIA Education Summit etc.