Learn more about moneyandinvestments with this collection
How to build a network while working remotely
How to work remotely
How to manage finances while working remotely
Try making a budget
- Create a full inventory of expenses in front of you: Categorize them into fixed and variable; urgent and non-urgent; necessities and luxury; avoidable and unavoidable.
- You can create a hierarchy of needs and decide which one’s to address first. It’s all about prioritizing.
- Accept that you have limited resources and unlimited wants. But you have to manage your resources. The sooner you accept this fact, the better you can control your impulses towards avoidable expenditures.
2.57K
9.55K reads
Financial planning
...is the process which provides you a framework for achieving your life goals in a systematic and planned way by avoiding shocks and surprises.
1.95K
8.68K reads
Maintain a personal balance sheet
It’s a statement wherein you can jot down your assets and liabilities.
- Pull together your bank statements and other proofs of the liabilities
- List down your assets like the bank balance, all investments, home value, and value of other assets.
- Take a sum of all the assets to arrive at the total value of your assets.
- List down your liabilities the (car loan, home loan, credit card balances etc.)
- The sum of all the liabilities will show the value of the money you owe.
- When you subtract the value of liabilities from assets, you get your Net Worth.
2.14K
5.61K reads
Planning for Retirement
What you don’t know is that the earlier you start, the richer you retire. It happens due to the “magic of compounding”.
While planning for retirement, you need to clarify a few points like deciding an age at which you want to retire. Along with that estimate how much money you will need every month to meet your post-retirement expenses.
1.94K
4.81K reads
Manage your Debt wisely
In case you have a lot of debt to shoulder, start paying off the most expensive one.
The credit card has been regarded as the most expensive form of debt. As soon as your salary gets credited each month, pay off your credit card balances in full. Don’t fall for the lure of paying off the minimum balance.
1.9K
6.31K reads
CURATED BY
Creator. Beer ninja. Travel lover. Twitter evangelist. Lifelong writer. Zombie expert.
More like this
10 ideas
Investing for Beginners
thebalance.com
7 ideas
2 ideas
5 Key Retirement Planning Steps That Everyone Should Take
investopedia.com
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving & library
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Personalized recommendations
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates