Money psychology number 1

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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