Financial Control
Many young people want to be rich, but all their dreams are just plans, without action and controlling. Action is work that makes income, and changes the habit of wasting money. and financial control is very necessary whether our actions are in accordance with the plan. Here are two main elements that must be implemented if you want to be rich at a young age.
1. Save and Invest Simultaneously
Many professional investors say keeping large amounts of money in the bank is a loss. Don't be afraid to invest in many safe investment options, such as property and land. Make automatic transfers from your salary or monthly income, for example 10% for savings, 10% for investments, 2% for donations, 3% for others and 75% for your monthly needs. Don't save and invest at the end of the month waiting for the remaining money from your monthly needs, because there will never be any left over.
2. Avoid the Luxury Lifestyle
Prevent your expenses are greater than your income, no matter how big your salary will never be enough to meet the needs of your luxurious life. Live a simple life and live frugally. Improve your knowledge and skills so you can reach a higher career/job position.
Many young people want to be rich, but all their dreams are just plans, without action and controlling. Action is work that makes income, and changes the habit of wasting money. and financial control is very necessary whether our actions are in accordance with the plan. Here are two main elements that must be implemented if you want to be rich at a young age.
1. Save and Invest Simultaneously
Many professional investors say keeping large amounts of money in the bank is a loss. Don't be afraid to invest in many safe investment options, such as property and land. Make automatic transfers from your salary or monthly income, for example 10% for savings, 10% for investments, 2% for donations, 3% for others and 75% for your monthly needs. Don't save and invest at the end of the month waiting for the remaining money from your monthly needs, because there will never be any left over.
2. Avoid the Luxury Lifestyle
Prevent your expenses are greater than your income, no matter how big your salary will never be enough to meet the needs of your luxurious life. Live a simple life and live frugally. Improve your knowledge and skills so you can reach a higher career/job position.