Unlock Financial Freedom: 10 Rules to Never Ask Anyone for Money Again

• Adopt the 50/30/20 budget framework: 50% for needs, 30% for wants, and 20% for savings/debt repayment.
• Prioritize saving by automating investments; treat your future self as the most important bill.
• Resist lifestyle inflation by maintaining your current living standard for two years after a raise, investing the increase.
• Understand the Rule of 72 to visualize how quickly your money can double through compound interest.
• Eliminate high-interest debt (above 7%) using the 'debt avalanche' method before aggressive investing.
• Aim for financial independence using the 4% withdrawal rule, targeting 25 times annual expenses as your 'freedom number'.
• Build an emergency fund covering 3-6 months of expenses for stability during market downturns.
• Diversify investments across equities, real estate, and bonds/cash to protect wealth.
• Implement a 24-hour pause policy for non-essential purchases over ₹10,000 to curb impulsive spending.
• Optimize the 'Big Three' expenses: housing, transportation, and food, as they significantly impact financial health.