Money psychology number 1: Having knowledge
about money is as important as earning an income. You
must learn how to manage your finances well.
whether your income will be large or small,
Know how to manage your savings and investment budget.
is important, such as people who may have a modest income
middle class, but he knows how to manage finances
Able to create more wealth
People with high incomes who spend
extravagantly, number 2, investing with discipline will do.
Providing you with long-term financial stability
You will need to set investment goals and start investing.
Capital regularly no matter what you currently have.
Whatever the economic situation, save 10%
of your earned income and put that money down.
Capital in mutual funds or stocks? Real
estate which is a good choice if
You don't want to be super rich by investing in mutual funds.
Every month, 1,000 baht is fine if it happens.
If you save, at least you will have a lot of savings. You'll
have more money to spend when you
Entering retirement age number 3: Looking at risks
In investing, it is something that must not be managed.
Yes, what we should be afraid of, we must enter.
Mind that risk is part of
Invest and should choose to invest in things that are
Risks you can take, diversification
That is a good way to reduce risk, such as investing.
Among the many assets, stocks, real estate, divisions
total capital, which will help reduce the problem of time spent on debt Is
there a problem with any of the assets?
There is a bad economic situation. Number 4: Make saving
money a habit. This is a habit. It's
important that you develop it, you need to save.
Before you spend, many people say that I have leftovers. Earn
money first and then put it into savings like this is the poverty mentality.
Try to save at least 10 -20% of the
income you earn. Practice setting goals for saving.
such as saving for retirement, saving to buy a house,
Starting to save early will help you have more money in your pocket.
future and have stable security as if you
Starting to save money at a young age will make you
You have time to make compound interest work. to the
fullest extent, number 5, creating extra income
It is another way to create stability.
Financially, you will need to find a way to create.
Income outside of regular work such as sales training
Online training and investing or doing extra work.
Having multiple sources of income will help reduce your
Risk of loss of income such as selling products through An
online platform in your free time will help.
Giving you increased income No. 6
Controlling your spending is what allows you to To
save, you must know the difference between
Things you need and things you want to practice creating
budget and strictly follow that budget
Know how to save money on unnecessary things. It
will help you have more money saved by reducing the value.
Spend less on buying coffee every morning and eating less.
Or doing it yourself at home will save you money.
How many baht per month? No. 7. Using credit cards.
Caution is important: you must not use
Credit card for over-the-counter purchases
Ability to pay off debt and pay off credit card balances
full amount every month using credit cards for
Collecting points or getting discounts is a good thing.
But it must be used responsibly, such as using
Credit card to earn reward points for purchases
Airline tickets, but must ensure that you
Able to pay off all debts within that month.
Item 8: Having a clear financial plan will help.
For you to achieve your financial goals, you will need
Set clear and measurable goals. For
example, I will save money to buy a house. I will save money. I'm going to
buy a car, I'm going to invest in retirement, I'm going to plan.
Long-term finances, then you follow this plan carefully.
Continuing will allow you to achieve your goals. For
example, you might set a goal of saving 1
million baht in 10 years and plan your savings and investments.
Capital so that you can actually achieve that goal.
Then learn about taxes and planning.
Taxes, this is what helps.
For you to save more money, you will need
Understand the taxes you have to pay and find ways to
Accurate in tax deductions, tax planning
That will help you have money left over to save. There is enough to
invest more like investing.
In the retirement fund or rmf
or provident fund pvd to
receive tax benefits. 9. Investing in
yourself is the best investment. You must find
New knowledge and skills to help increase opportunities
financial and allows you to make money
That increased by reading books, listening to podcasts,
attending self-improvement seminars, and taking courses.
online or practicing new skills such as studying
Know about sales skills using AI.
Online marketing will allow you to use your knowledge.
This creates additional income such as selling products and
Serving you in the
online platform No. 10 Using money to create happiness
You will have great happiness and valuable experiences. It
takes money to create an experience.
meaning like traveling with family, studying
Know new things, spend time with the people you love.
This experience will create the memories you will have.
Values make you happier and when you The
happier you are, the more motivated you will be to find it.
Money or adding more income streams?
To meet the life you want, number 11,
having an emergency fund will help you.
Financial stability when events occur
Unexpected expenses will require you to keep aside at
least 3 to 6 months of expenses in order to survive.
To use when you lose income or
Expenses that you didn't expect, such as:
Car repairs or illness, having money
That reserve will save you from borrowing money.
In times of emergency, No. 12: Diversification of risk It
is important in investing that you must not
All eggs should be kept in the same brand.
Spread your investments across multiple assets, whether Is
it stocks, real estate, mutual funds or something?
Businesses such as franchises are increasing and there are brands.
increased to prevent risk and increase
Opportunity to profit, for example, if the stock market is bad for you There
may still be income from rentals. The
property you invest in. Point 13:
Patience is important in long-term investing.
You must not panic when the market is bullish.
fluctuates and should have confidence in placing
Long-term plan of your investments, practice not following
News on the market every day to keep you from being born
Excessive concern, such as if the stock price drops
You shouldn't rush to sell, but you will review the reasons.
that you bought the shares from the beginning and
continue to maintain the investment,
number 14, you must create financial stability
Money creates knowledge of how to use money wisely.
Benefits and expansions you must choose to use.
Money to invest and create assets that give
Continuous income, choose to invest in what you have The
potential to add value to your money working hard
for you, such as
real estate or a business that can You can
continue to grow like you might buy a condo.
To rent it out will give you income.
Continuing from rent number 15, creating habits.
To check your financial status is
That you should do regularly, you need to check.
Check your income and expenses every month and plan.
Use the money to change it to suit your needs.
Follow the savings and investment plans so that you can
Make sure you are now on the path to your goals.
Financially, you may use the application in
Regarding finances, check out the income and expenses app. The
Money Manager app helps keep track of income status.
Expenses that you record each day and you
Let's look at how much you spend each week and each month.
How much will it take to get the right financial plan?
No. 16: Avoiding debt that doesn't cause harm.
Generating income is one way to maintain
Financial stability you must avoid
Going into debt to buy unnecessary items such as
Buy a new car that comes with a high interest rate.
You should choose to save money to buy things. Of
course, those that are more necessary may be
invested in. No. 17: Setting official goals.
Clear and possible money will help you to have
Your approach to life must be determined.
Savings, investment, spending, training goals set
The goal is clear, such as setting a goal.
If you want to find a monthly salary of 20,000 baht per month,
you will find a way for you to create an action plan.
What's next? Then choose to live a life that doesn't.
Lavish, knowing enough and living life
Keeping it simple will help you save more money.
You must learn to reduce the urge to use.
Spending extravagantly, choosing to spend on things that cause
only beneficial, number 18, having
long-term investment goals and not chasing short-term profits In
short, it will help you reach your financial goals.
You must not be in a hurry to sell.
Assets that give low returns in the short term but
You will see the long-term benefits of not running.
Follow the market or make short-term speculation such as investing.
in stocks with strong fundamentals and held for a long time
Long will increase your chances of creating success.
Sustainable Wealth No. 19 Understanding The
idea of compound interest is important in
To build wealth you need to start saving.
and invest at a young age to make it bloom
Compound interest works. Compound interest is hypothetical.
that you have invested and you have increased your profits
You still don't use that profit, but take that profit.
into the principal, it becomes interest.
Compound and do this over and over for a time. Over the
decades, your money will multiply. Point
20: Choosing financial resources should not be
Performance is what matters, you have to choose.
Spend money on things that create value and returns.
Just whatever it is that causes you to lose.
Try considering it and refraining from investing in it.
Something where money works hard for you and creates money.
Grow money for you. Finally, it's a good idea to
Money is important, like some people say that money is hard to find. It
's the root of the evil that rich people do.
Gray business, if you have a mindset that
thinks badly of money like this, we will make money and be rich.
How can we, when we are interested in our wealth?
You really shouldn't be interested in other things because
If it happens that you don't like rich people who do it.
Gray business, you are a rich person who is a good person.
Really got it and would like to inform the public.
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