8 Tips For Your Financial Success - Part 3
Money
Here are the tips come 6 to 8 for your financial success.
Tip 6: Save, or else you will have no financial success
This tip is probably the easiest because it requires only a few actions and the course is set: If you want to have more money, then you need to save money, ie spend less money than you have available monthly. The leftover money you have to create a profit. That sounds far easily, but it is obviously not for most. Many people give out the exact amount of money that they have available and, unfortunately, often more. Not for nothing that so many people are in debt.
The trick to saving is that you already save a certain amount at the beginning of the month and look not only at the end of the month, how much money is left. Please transfer is always the same on 1 of the month. least 10% of your income to a separate account to a savings plan or an investment fund So make sure that this money "protected" from your consumer is. The successful author Bodo Schaefer called the "pay yourself". The important thing is that you can not touch this money, otherwise you kill the proverbial "golden goose" before she begins to lay eggs.
Tip 7: Invest in stocks or equity funds
Equities and equity funds have in recent decades brought more significantly better interest income as savings accounts, savings bonds and other fixed income securities. So you should deal specifically with once the stock markets. If they want to enter, you begin to stock selection with quality and growth stocks such as Coca Cola or McDonalds. Buy stocks that go up in price shown for several years (eg, Microsoft, Intel, Aegon, etc.). Only buy stocks of companies whose products you know and well see.
If you do not have the time, then leave the investment decisions of professionals and invest in a stock fund. The stock fund "Templeton Growth Fund" e.g. increased its value over the last 35 years an average of 15% per year. Also when choosing a mutual fund, you should use the appreciation in recent years as the main criterion.
Tip # 8: Take it easy
It is very important to be aware to take care of their finances and not everything is left to chance. Especially in today's situation where the pension may no longer be safe for many, it is very important for later and make provisions to reach a certain wealth and prosperity. But like so many things, it is so that something does not work out if and when we try to doggedly. It is the first course for your financial success and then ask to let go sometimes simply. Do you deal with money, but do not overdo it. As I said, money can not buy happiness. So: Are you concerned about your finances, but do not forget about the fact that there are other important things.
Here are the tips come 6 to 8 for your financial success.
Tip 6: Save, or else you will have no financial success
This tip is probably the easiest because it requires only a few actions and the course is set: If you want to have more money, then you need to save money, ie spend less money than you have available monthly. The leftover money you have to create a profit. That sounds far easily, but it is obviously not for most. Many people give out the exact amount of money that they have available and, unfortunately, often more. Not for nothing that so many people are in debt.
The trick to saving is that you already save a certain amount at the beginning of the month and look not only at the end of the month, how much money is left. Please transfer is always the same on 1 of the month. least 10% of your income to a separate account to a savings plan or an investment fund So make sure that this money "protected" from your consumer is. The successful author Bodo Schaefer called the "pay yourself". The important thing is that you can not touch this money, otherwise you kill the proverbial "golden goose" before she begins to lay eggs.
Tip 7: Invest in stocks or equity funds
Equities and equity funds have in recent decades brought more significantly better interest income as savings accounts, savings bonds and other fixed income securities. So you should deal specifically with once the stock markets. If they want to enter, you begin to stock selection with quality and growth stocks such as Coca Cola or McDonalds. Buy stocks that go up in price shown for several years (eg, Microsoft, Intel, Aegon, etc.). Only buy stocks of companies whose products you know and well see.
If you do not have the time, then leave the investment decisions of professionals and invest in a stock fund. The stock fund "Templeton Growth Fund" e.g. increased its value over the last 35 years an average of 15% per year. Also when choosing a mutual fund, you should use the appreciation in recent years as the main criterion.
Tip # 8: Take it easy
It is very important to be aware to take care of their finances and not everything is left to chance. Especially in today's situation where the pension may no longer be safe for many, it is very important for later and make provisions to reach a certain wealth and prosperity. But like so many things, it is so that something does not work out if and when we try to doggedly. It is the first course for your financial success and then ask to let go sometimes simply. Do you deal with money, but do not overdo it. As I said, money can not buy happiness. So: Are you concerned about your finances, but do not forget about the fact that there are other important things.
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