Humans are basically the same. All have the same blood, bone, and skin. But, why anyone can become a successful person. While there are also people who always feel the difficulty throughout his life.
Indeed, the difference is the ability to manage various things in his life, including managing personal finances. Successful people can always do well. As a result they can organize life according to what they desire.
To manage personal finance is not really complicated. There are several principles that can be used when managing personal finances. These principles are often referred to as Golden Rules because they can be applied by anyone and anytime.
All of that also not just empty pepesan. Successful people like Jack Ma, Warren Buffett, Carlos Slim have proven themselves. By practicing disciplined and consistent ways of managing personal finances, they can sprint into successful people in their lives.
Want to know how they manage their personal finances? Check out the following reviews.
Use Money Under Revenue
Only buy something that is perfectly shut down for 10 years. - Warren Buffett
Crucial factor in managing personal finance is the ability to exercise restraint in order to use the money below the amount owned.
This is not easy because desires and needs are contradictory. Desires are never endless, while the needs are required to be met.
Often the failure of people in managing personal finances because of more priority than desire. As a result, the money used can be greater than owned. United States-famous investor, Warren Buffett, has practiced it.
The third richest man in the world in 2015 according to Forbes this even has a habit of pressing strict spending. He said, "Do not save as much money as you have left after you've worn it. Use the money available after saving. "
To do so, Buffett always keeps his lifestyle grounded. Despite being a millionaire, Buffett still lives modestly. For example, he chose to stay in the modest house he bought in 1958.
With the movement of property prices up to now, the house was worth 31,500 United States dollars (about Rp412, 3 million). In fact, with the value of wealth estimated Forbes reached 66.4 billion US dollars, Buffett should be easy to buy a new home.
According to Buffett, anyone can manage personal finances like himself. Saving is called as a habit that must be owned. "I think the biggest mistake in most people is not learning to save well early, because it's a habit," Buffett said.
So what are you waiting for? Immediately hit the expense as small as possible. Spend money according to what's left after saving, for the sake of a better life.
Always Planning the Future
Never give up" Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine. - Jack Ma
The next major principle in managing personal finance is related to the ability to think long ahead. Someone is required to make plans for the future. It is necessary that the mindset is not only limited at this time.
Such a short mindset is very dangerous. The reason, no one can guess the future well. Therefore, good planning and preparation is a worthy and necessary effort.
The Chinese billionaire Jack Ma proves it for himself. Thanks to his ability to plan for the future, Ma can be one of the richest people in the world. See, Forbes noted Ma has a wealth of 27.9 billion US dollars reached as of September 2016. Ma's success can not be separated from his foresight in planning the future. Ma saw a great opportunity from the internet that he first heard in 1994.
It happened in 1995 when he was introduced to the internet by his friend. Ma typed a search with the keyword "beer". Apparently, he did not find any one coming from China. Ma then did a further search on China. However, none of the information he found.
This is what bothers him. He finally made a rough site that contains nothing about China. Within the next few hours, he got various questions about China.
The incident made him more confident with the prospect of the internet. He then worked as a maker of various company sites in China. However, in 1998, Ma finally decided to return to China and established an online marketplace company.
Now, the success he achieved. The company developed into one of the largest companies in the world. "We are successful today not because of what we do today. We've been dreaming about it since 15 years ago, "Ma said.
Thinking ahead, Ma could plan her life. Instead of using his money for the purposes of today, he uses it for his future. No wonder now the success of life successfully enjoyed.
Keep Money Growing
Profitability is coming from productivity, efficiency, management, austerity, and the way to manage the business. - Carlos Slim
The way that successful people manage other personal finances that can be imitated is always trying to make the money multiply. One of the steps that can be done is to invest.
The life story of one of the richest people in the world today, Carlos Slim, can be an example. Slim has invested since he was a kid. Just imagine, at the age of eleven, this Mexican man has invested money in a state government oblique. Then, a year later, Slim bought his first share.
In fact, at the age of 15, he has become a shareholder in a bank in Mexico.
Slim have principles, nothing is too quick to start something. If you can, why not do it now, so thought.
You can also act like Slim in managing personal finances. Why delay to invest?
If you still feel inexperienced, mutual funds can be an option. With a lower risk level than stocks, mutual funds are an attractive option. Together with the Fixed Income Fund from DBS, it is suitable for medium-term investment from one to three years.
This product is a type of middle-risk mutual fund that provides returns through investment with the composition of bonds ≥ 80% of the total portfolio. In addition, Fixed Income Funds play an important role in balancing your portfolio by diversifying into a fixed income asset class.
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