0Profit Maximastion & Wealth Maximation are 2 objectives of FM. It is one of most creative & dynamic subject which is to be understood by all irrespective of whether one is from commerce, science, IT etc background.
Everyone needs to earn money, Money saved is money earned. Traditionally it was believed that Incomes - Expenses = Savings but actually it should be Incomes - Savings = Expenses. Incur any expenses only after minimal savings. First cheque pay to yourself Insurance, Mutual Fund , Bank Recurring deposit etc.
Need not run after money, money should be by product as in a commercial transaction money automatically comes. After sales service, maintenance should be given more weightage automatically Profit & Wealth is assured.
