Learn more about moneyandinvestments with this collection
How to make good decisions
How to manage work stress
How to manage email effectively
Saving Enough of It
To ensure that you save enough money, your wants should not exceed your budget.
- Track your spending for at least a month.
- Trim the fat. Break down your wants and needs.
- Adjust according to your changing needs.
- Build your cushion. Aim to save around three to six months' worth of living expenses.
- Contribute to a retirement fund and try to get the maximum your employer is matching.
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MORE IDEAS ON THIS
To accumulate wealth...
- You need to make it. You need a long-term source of income that's enough to cover your basics.
- You need to save it. You need to develop a proactive savings plan.
- You need to invest it prudently...
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1.32K reads
Making Enough Earned Money
Earned income comes from what you "do for a living."
- Consider what you enjoy as you will be more likely to succeed financially.
- Consider what you're good at and see how you can use those talents to earn a living.
- Consider what will meet your financial e...
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Investing It Appropriately
Assess your situation. Build an investment policy statement that will provide general investment goals and objectives.
- Determine your return and risk objectives.
- Determine your investment strategy, possibly with a financial advisor, based on your investment policy statement.
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Saving up For Retirement, Together
- Firstly, save up for the emergency fund, which is three to six months of expenses, and set it aside. After that, least 15% of your combined gross household income should go towards your retirement, once all debt is cleared.
- If only one of the partner works, you still can save up for...
The next thirty days of saving
If you're unsure what you should be doing with your money right now, cut expenses and save every bit of money for the next 30 days. Then, reevaluate.
- Did you trim as much as you could've?
- Did you purchase anything you regret?
- Did you fail to purchas...
The 4 Phases Of Personal Finance
Consider where you find yourself as each phase requires a different strategy.
- From nothing to something. This is where you live from paycheck to paycheck without any savings. Try to build a financial buffer of at least one month of expenses.
- Gainin...
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