I FIND REALY HELPFULL TO PICTURE WHERE I WANT TO BE OVER THE NEXT FEW YEARS. BUT I NEED FINANCIAL PLAND TO REACH THAT. THERE ARE MANY OPTIONS TO “PLAY SAFE” AND, AT THE END, HAVE ENOUGH MONEY FOR ANYTHING I NEED.
THE FIRST ESSENTIAL TIP IS TO SPEND LESS THAN I EARN. THE KEY IS TO LEAVE BELOW MY MEANS. IF I MAKE $20´000 000 PER MOTH AND SPEND IT ALL, I´M NOT REACH, I JUST HAVE A LOT OF STUFF. A JOB LOSS OR ILLNESS COULD LET ME IN THE STREET. MY FRIEN WHO MAYBE EARNS $4´000 000 AND LIVE WITH $2´000 0000 IS MUCH WEALTHIER.
ANOTHER IMPORTANT TIP IS TO HAVE A SAVIN PROGRAM. START SAVING EARLY IS A GREAT WAY TO ASSURE MONEY IN THE FUTURE. IF I INVEST $50 000 PER WEEK FOR 40 YEARS AND EARN 9% OF INTEREST, I WILL END WITH AN AMOUNT OF $ 1 000´ 000 0000(I LEARN THIS FROM MY FINANCIAL ENGINEERING CLASS). THEN PEOPLE SPEND BECAUSE THEY HAVE A GOOD FEALIN FROM SPENDING MONEY. WE CAN GET THE SAME GOOD FEELING FROM PUTTING MONEY IN SAVINGS.
FINALLY, THE LAST ADVICE TO REACH GOALS AND HAVE GOOD SPENDING HABITS IS: HAVE NOT DEBTS ON CREDIT CARDS. CREDIT CARDS CAN BE WONDERFULL THINS BECAUSE YOU WE ACQUIRE ANYTHING WHITHOUT WORRYING IF YOU HAVE THE CASH FOR PAY IT AT THE MOMENT. THE BAD THING, OF COURSE, IS THAT CREDIT CARDS LET MANY PEOPLE LIVE BEYOND THEIR MEANS. SO WE SHOULD USE CREDIT CARDS, BUT PAY THE BILL EACH MONTH.
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is good to make a financial plan for your future
saving have been always a good way to anticipate future squeezes
and it is a good way to secure your future expenses (children school,university and so that)
but it doesn't mean that you have to live without pleasures, it is good to spend some money in ourselves so we can be happy without spending all the salary
Firs of all, we have to have a financial plan for our future, in order to know what are we going to work for, and then it could be very important to save money in order to get what you propose. We are all human beings and we have pleasures, we want to have fun sometimes; that does not mean that we are going to private from all those stuff.
In my opinion, make your own financial goals and a plans is very usefull, because this will help you to make all you dream or the things you want to come true.
I think credit cards are very usefull and give you security, you dont always need to have the money to afford something you want, the thing about credit cards is that you have to be consicous of the amount of money you expend, have controlled of yourself and remenber the bill you will have to pay.
is good to have financial goals, having them always keep you in the way to go where you want to. this doesn't mean that you have to spend exactly what you need, somethimes you can have a pleasure and give yourself something more than the usual, this is the best way to be happy without interfering with your financial goals... in other words: "a happy end"
The above recommendations and some practical examples are important. We may serve to improve our financial status and not suffer from serious problems in the future, for not having programs to regulate our consumption on goods and services. I think that having credit cards is advantageous for those people who know how to manage their finances, but a complete failure for those who do not, so it is advisable that do not have them.
THANKS FOR THESE TIPS, AND IM AGREE WITH YOU BECAUSE ITS IMPORTANT THAT MAKE SOME PLANS FOR BUYING SOMETHING THAT YOU WANT AND SAVE MONEY AS MUCH AS YOU CAN FOR IMPROVE OUR LIFE( SAVING FOR EDUCATION, A NEW HOUSE OR A NEW CAR). I THINK WHEN YOU BUY A THING WITH EFFORT, YOU CARE IT MORE AND YOU FEEL MORE PLEASANT. HOWEVER YOU CAN BUY THINGS FOR FEELINGS OR PLEASURE BUT IT HAS TO BE EXTREMELY NECESSARY.
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