People are not SENSITIVE about the money they earn. They work for money but they don’t let the money work for them.
Mistake in Saving
Bank Account
I was surprised to see that the people don’t care about the
money. They work hard to earn it but they don’t work at all (forget about hard work) to invest it.
I had seen the saving account of so many people, they keep lakhs of rupees in their saving
bank account !
They don’t know that the Saving bank give them only 4% rate
of interest. If they do the Fixed deposit of the same amount in the same bank
they will earn @ 8 to 9% rate of Interest. Even if we assume that the person
has to give income tax (Assume maximum @ 30%) even then the Net earning will be
5.6 to 6.3 % which is more than they are
earning from their saving bank accounts.
