1. Make freedom from saving
Most people have the wrong idea of saving money. When income is not enough with expenditures It makes me think that saving money is difficult despite the fact that when there is insufficient income to spend in some months We can live through that crisis by adjusting some spending plans. The correct principle of saving money is to divide a portion of the money into savings first. By saving money, it is not always necessary to save a lot. If you have little income, save less. Having a lot of income, saving a lot Just this, it can save money without affecting your daily spending.
2. Compulsory savings
Compulsory savings are the ideal way to create Financial freedom To the salary man in the end This type of savings is in the form of a social security fund. And provident fund By compulsory savings systems such as social security funds, we can get them back in the form of gratuity or pension. Upon retirement The provident fund established by employers and employees The principle is to deduct the salary of the employee accumulated into the fund by the employer to the same rate. Upon resignation or retirement age Will receive a lump sum money to fund their retirement in the end In addition, sending money to a provident fund can also generate profits that grow from your investment. If the fund invests in contributions.
3. Create financial freedom from investing in real estate
The term real estate investing in the understanding of most people. Especially those with regular income It is often viewed as a matter of investment that is suitable for business people. Because it takes a lot of investment But in reality, there are many types of real estate investing, such as real estate funds. Or infrastructure funds Which the fund's policy is Invest money in assets Or real estate to generate income After that, the profit is shared with investors proportionally. With the fund manager laying down policies and taking care of the benefits.
4. Create additional careers for savings
The modernization of technology has created many new professions. These new innovations are the best way to generate income for savings. When income from work Or return from the main occupation can not create financial stability. Financial planning is another way. Creating a career, complementing the routine To bring that portion of income as money for saving itself.
5. Avoid creating debt
Borrowing from investment institutions, even in debt with the potential to generate income. But if the investment is not as expected May incur a debt burden from the loss of principal and subsequent interest. Therefore, your investment should be left over from your savings. Never borrow money to invest.
