Personal Finance Saving Tips
August 31st, 2011

Faisal Karkari is a Kuwaiti personal finance expert who has tips for young people on how to save, invest and start their own businesses. In his books, Karkari develops a concept of five 'pillars' of personal finance wisdom that can help you to manage your finances.
The first pillar is for people to overcome their wrong and negative beliefs about money and to believe that anyone can become rich and save money. The second pillar is mathematical evaluation of your financial situation. The third pillar is to design a financial life plan outlining goals, obstacles, and tools to overcome the obstacles. The fourth pillar is saving, and Karkari explains different ways to save, as well as how to overcome difficulties that prevent many people from saving enough. The fifth pillar is investing, which includes setting long term investment goals and an investment strategy at a young age.