Topic: FINANCIAL TIPS - page 3. (Read 1404 times)

I am not a financial expert so I would take this as my guide to be successful in my financing. I know it is hard to do but at least this guide will give me a hitch at what I may do to my money and earnings.

Beside saving our income, its much better if we investing some of our income in several investment instrument. Investing our income will make our future more comfort. Investing our income will make us prepare on the worst scenario on our financial problem

Keys to Financial Success Although making resolutions to improve your financial situation is a good thing to do at any time of year, many people find it easier at the beginning of a new year. Regardless of when you begin, the basics remain the same.

1. Get Paid What You're Worth and Spend Less Than You Earn

It sounds simplistic, but many people struggle with this first basic rule.
Make sure you know what your job is worth in the marketplace, by conducting an evaluation of your skills, productivity, job tasks, contribution to the company, and the going rate, both inside and outside the company, for what you do. Being underpaid even a thousand dollars a year can have a significant cumulative effect over the course of your working life.

No matter how much or how little you're paid, you'll never get ahead if you spend more than you earn. Often it's easier to spend less than it is to earn more, and a little cost-cutting effort in a number of areas can result in big savings. It doesn't always have to involve making big sacrifices.

2. Stick to a Budget

One of my favorite subjects: budgeting. It's not a four-letter word. How can you know where your money is going if you don't budget?

How can you set spending and saving goals if you don't know where your money is going? You need a budget whether you make thousands or hundreds of thousands of dollars a year.

3. Pay Off Credit Card Debt

Credit card debt is the number one obstacle to getting ahead financially.
Those little pieces of plastic are so easy to use, and it's so easy to forget that it's real money we're dealing with when we whip them out to pay for a purchase, large or small. Despite our good resolves to pay the balance off quickly, the reality is that we often don't, and end up paying far more for things than we would have paid if we had used cash.

4. Contribute to a Retirement Plan

If your employer has a 401(k) plan and you don't contribute to it, you're walking away from one of the best deals out there. Ask your employer if they have a 401(k) plan (or similar plan), and sign up today. If you're already contributing, try to increase your contribution. If your employer doesn't offer a retirement plan, consider an IRA.

5. Have a Savings Plan

You've heard it before: Pay yourself first! If you wait until you've met all your other financial obligations before seeing what's left over for saving, chances are you'll never have a healthy savings account or investments. Resolve to set aside a minimum of 5% to 10% of your salary for savings BEFORE you start paying your bills. Better yet, have money automatically deducted from your paycheck and deposited into a separate account.

Saving fiat money is a good idea after all it is not like fiat is going to disappear tomorrow or anything, if you are not sure in what to invest then saving in fiat is a good idea until you take your decision, now if you already know in what you want to invest then it is the moment to take action and do it especially if you want to invest in cryptocurrencies since the current prices will not last forever.

Yeah better to follow this advice as it will help you in a long run. Well, it's really hard to resist temptations especially if you're surrounded by it however you can still use this as motivation to control your eagerness. Better to think and analyze if that thing is really worthy and of course be contented from what you have. If you learn this then everything will follow through.

To improve financially, I think Bitcoin is the best way to all. It is possible to work financially in different aspects of earning money.

This is really a cool idea of the development of own economical growth where we can make ourself a successful person in our community without follow the hard rules and we just need to change our descion to spend our money for particular things only .
Absolutely it is a best way to remain in the limit , because here if you will remain in limit then surely you will have no tension for the extra money that you needed to spend for extra expensive things
If you will control over the amount of the money that you have to spend then surely in the future we will get a best opportunity to out money in better thing and that will give really a better return of the investment , so don't release your money anywhere directly without see that for which thing you are spending 
Here surely we should remain with the goal but here a mendetory thing that we should have in our mind is that we should split our Goals into different steps and result into Daily target .
And in that way it will be much easy for us to achieve the goal .

Wow... Those are so simple but so practical, I think I need to work out those principles in my life, because right now I am not the best manager of finances. I spend literally more than I earn.

I think this topic has great tips and advice and is very useful for people who can not manage how to control and give more value to hard work, but one thing that is Especially in investing, either in stock or currency crypto, that You just invest the money we have willingly lost, After that have the ROI as soon as possible and from there we will start growing our money, I have to learn this in a very difficult way.

Great tips out there sir! I'll make sure I'll follow this one as it can be very helpful to me.

another suggest from me :

-stop buying all stuff you want , buy stuff what you need
-determine the amount to be saved , not save the last money you have
-do not be easily influenced by others like someone buy something , you want buy it also

Try to know how to save money because saving is important and with that much saving you need to invest it in a source which has long term trusted store of value as we know that investment like these are most profitable. Source of even 10% long term trusted store of value then it is also profitable.

The modern rated market is of Bitcoin which is favorable for long term investment so if you like it so never misses the opportunity to start now because the current market situations are favorable for buyers.

That is a good advice and it is very helpful but in my case its hard to do because there are many temptation that can makes my feelings become satisfied, So the real problem is my self because I need to control my self and self discipline is needed to make things right. So I willing to follow this advice.

Thank you for a wonderful idea and tips, this can help everyone to achieve their goal in life. That all tips can be done if there is sacrifice. we need to be patient in order to commit our goal. Prayer is also important role in committing success.

We need an positive mindset and discipline with regards to saving money.
Some people are dont have enough knowledge in saving money that's why many people still unstable when it comes to financial.
As an individual person who earning not so high salary it is hard to budget your salary but it is not the reason that you didn't save for your future.

Thanks for sharing the advise. I think some of them are pretty good. For me, I currently do not have much plan about investment. But I like to save money and use about 20% of my savings for investment. And I try to diversity my investment, some in stocks, some in 401k, some in crypto currency.

I think most people have the characteristic of being thrifty are the rich people, because they save more, but for people who have only a minimum of more on expenses than saving, may this question give us a lesson lesson on how to save money spending too much.
This particular question is dealt with about spending more money and savings. I really like your concern and your idea, hopefully many people realize how they manage their income and expenses. Because a lot of money spending leads to negative income, and suffer more and more debt debt.

Nice, I'm sure you're well organized with your own finances, it's sad but the truth is sometimes I became irresponsible with my own money like spending and buying unnecessary things. It might be difficult for us or some people to make your financial tips as a habit but once they practices it regularly I'm sure they will see the benefits of it. Sometimes we tend to ignore some important things became luxurious and greedy because of the moment we received our hard earned money and that's normal but if you allowed yourself to be carried away with it then it's unforgivable.

Financial planning is done by everyone whether you are rich or poor as keeping track with your money is the best way on how you will maximize it. From car loans to credit ratings all can be analyze when you are doing financial planning. A good diversion it is. As they say don't put all your eggs in one basket, learn to diversify so you can have something to keep in your pocket

In order to boost up or make your self financially better you need to choose a cooperative coin through which you can make money and is responsive to you. If you are a productive person then you will be having valuable coin for example the most recommended crypto coin the Bitcoin. If you are not good at managing your finances, you should throw this responsibility to someone who you trust because there are some people who really are good at managing things