How To Manage Finance So as to Guarantee Financial Wealth
How To Manage Finance So as to Guarantee Financial Wealth - Information about various kinds of rich people, has been widely reported in various media such as television, social media, or newspapers. There are some interesting things from the rich people is one of them is not all the rich people are from the upper class that is identical with having a lot of money. Have you seen yourself or even hear friends and colleagues who can vacation out of the island or outside buy expensive reputed smartphone brands, or even own a car with their own effort. But, do you know what really is the key to their success? Check this out!
The first strategy you can do is to save with the basic concept is to make income allowance every month, not the income of income. Suppose you get a salary of Rp 3 million per month and have a plan to save Rp 500 thousand per month. So, with the concept, you should set aside Rp 500 thousand when you receive the salary. The remaining salary you can use as needed everyday. With this concept, then you will use the salary of Rp 3 million everyday and hope that at the end of the month will be left Rp 500 thousand, but if you prefer to use the concept of penyisaan compared with the concept of allowance. So you can not manage finances well. This is because basically when you hold a full salary of Rp 3 million, then you must feel having 'a lot of money' for everyday use. But, if you've set aside 500 thousand from the beginning, then you need not fear if run out of money.
The second strategy you can do is to make a savings. Frugality can be done if you experience a raise But basically you are more advisable to make savings first than to ask for a raise. This is because frugality is one of the activities that can be done as soon as possible, while to increase income such as asking for a salary increase takes a long time.
The third strategy is to allocate money. There are two types of money you need to allocate, which are money devoted to consumptive expenditures and debt repayments and money devoted to investing. For consumptive expenditures and debt repayments, you can allocate the money by creating a simple budget. The budget consists only of what you will spend and how many estimates of the amount so you do not need to make a budget in detail, because the core of the budget as a guide how to allocate your money for everyday purposes.
For allocation of money that is devoted to investing, For the allocation of this matter of course you need to be more careful, because the investment will determine the amount of financial wealth that you will get later. For starters, you are advised to make investments in easy-to-disburse savings or in other words this as preparation for an emergency fund. Next you can start observing other forms of investment like gold, stocks, property, or other products.
The fourth strategy is to increase income. For those of you who have worked, of course you can do to increase income each month by trying to ask for a raise or you can improve your performance to achieve bonus from the company. In addition, you can also try to start a side business . Good luck ! May be useful !
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