In the midst of the hustle and bustle of life, some people out there in some special occasions, if you start talking about Personal Financial Planning, can suddenly silent words and Begin to wonder in their own hearts, "Asset what [is] I have today? ". Maybe that's what happens to you today.
Some of them, and you may of course, should be grateful that they are a little start or even have had some tangible assets [intangible assets] in their life such as motor vehicles, jewelry, and even private homes. In spite of the small size and the prestige value of course, because it all comes from personal achievement.
If the first words, "Well, ya thin balance. Musti saving till payday next month "is pronounced as 'old date', now those words could even be heard shortly after receiving a salary transfer, because his salary trigger [almost] out for this installment was paid. Maybe this has happened to your relatives or even for yourself, I do not know. But I may be a little to know why many people can not manage their own finances, and it presented a series I will discuss one by one ...
When I attended in-house seminars hosted by financial expert with a little joke He said, "On 25 is celebrated as the day of Cash Flow, as morning and afternoon CASH IN CASH FLOW". Surely it is a satire for most people. Since then I have more intense to hear him chirp about financial planning.
Not long after that session, I began to deepen the Financial Planner of the University of Indonesia, but I realized that having the knowledge and holds a Certified Financial Planner ® without applied to ourselves and share with others the same knowledge that will not bear fruit, at least according to I ...
Before we discuss about the personal financial plan, let's check there something wrong with our mindset all along? Wait, you might ask what the mindset of the personal financial planning? Obviously no, because our mindset that [might] not right can make us also not appropriate to perform some actions related to personal finance.
Let's get started ...
Please answer a few questions, "Where do you need to save?", Then continue with, "Why should save there", then, as we know that the general answer to the first is "Bank" and the answer to both is "To be safe and flowering".
Not without reason I say this, because some people are asking about personal financial planning to me, when asked most of the above questions answered with the same answer, again maybe this could happen to you. The good news is, there's nothing wrong with that. Unfortunately, we can not rely on "bank rate" that is not fragrant, but spreading hope to win the lottery.
Many people up to now know about the types of investments but do not understand clearly what the investment itself. Compounded by not want to find out because it believes the banking instruments. Subtle language, "Want to play it safe", all that matters is the balance that can be seen and of course can be taken at any time.
Yes, the bank is a place that at least a little safer to save money rather than saving piggy bank under a pillow or even chicken. Therefore, use a suitable bank intended to keep the funds for everyday needs and emergency funds.
Obviously you want your savings or cash, which is usually derived from the monthly income, the amount could grow after a period of time, usually called an investment, right?! Is it appropriate if you choose a bank as a place to park your money? Please you count yourself later ...
Now, in addition to real investment like gold, land, property we were given the option to invest in stocks, bonds and mutual funds or. Even some people are allergic to the three types of investments that I call the last. It is said that many are fooled. Yes definitely be fooled, because they invest in places they do not know and strangely they did not want to know beforehand. Anyway, with the lure of investment return [return profits] were great they went along with investing.
Clearly, the High Retrun will always be followed by a High Risk. Therefore, we must understand both where and how to invest well.
I also used to be so apathetic towards investing in stocks or mutual funds though, but I highly professional environment conducive to learning about investing to make me understand, why it is now a fund of [only] 250 U.S. dollars which I parked in a mutual fund since the end of December 2009 have rendered return and to approximately above 400 U.S. dollars. Now, other mutual funds in the account number was already moving again.
You can compare it to fund 400 U.S. dollars which I parked in one of my bank account from the same period, without a penny taken in order to compare, the results are now almost touched 350 dollars american "Why even go down?" Yes, that's the difference by naked eyes. This striking difference may make you faster, Realize now that the investment can bring good if done right.
What do you want to invest, manage monthly cash it still hard?! Yes, this screams of a few people you may have felt. Therefore, to answer your curiosity, and that you are always updated with this article and other articles, after reading this article, you can click subscription to RSS FEED article at the top right and automatically you will always get my article updates via email.
Behind the problems that arise at the beginning is, most people can not manage their own finances, some students due to the pattern of childhood. The example mentioned earlier is about understanding the bank as a 'safe' to save money, is actually a place quietly and slowly make your financial insecurity.
Easy for the more you understand, "That is too much money in the savings bank parking lot, then you own that in a matter of minutes can withdraw your funds sold, either for what?" It's pretty safe?!
As if that investing in stocks is safe?! Depending on your goals, but you need to bagiamana was also aware that the investment is for the long-term goal, while saving money, in this case the money in the bank parking lot, is for short term goals.
In addition, some people still do these savings patterns, "Income - Expenses = Savings". Obviously this makes us not prioritize saving. If we do not prioritize saving money, how you want to invest? A simple question, is not it?
So how should save it? Good formula is as follows, "Income - Savings - Expenses = 0" Why, really be ZERO? Yes, because the savings component was removed first before spending. Because it shows zero figures you have managed to balance saving with spending, and [possibly] slowly and surely you can start investing. With this formula you must specify the percentage of the target you are saving compared to the earnings and may be a little force you to reduce spending, the less important of course.
Believe me, this way saved me since early 2010 and just this year I completed my own dream home in the most simple. Before discussing Management By Envelope aka financial arrangement with an envelope every month, of course you want to know how the target percentage of the savings to spending that is proportional to income.
Imagine you have $ 10,000 income Americans, then here are some calculations percentage of your expenses;
Savings versus income = 10% s / d 30%
Installment versus income =? 35%
Fixed income versus expenditure = 20% s / d 40%
Personal expenses versus income = 20%
The meaning is, with a monthly income of 10.000 U.S. dollars you save at least 1.000 U.S. dollars. Also you can have a number of installments up to, at least, below or equal to 4000 U.S. dollars. The rest is for fixed expenses such as school fees, cable TV or magazine subscriptions of 20 million, as well as for personal expenses such as gym or attend an exclusive club membership.
Let's count, "American Income $ 10,000 - 1,000 dollars - 4000 dollars - Fixed Expenses $ 2,000 - $ 2,000 Personal Expenses = More 1000 U.S. dollars" and the money could be inserted back into a savings or investment component.
As simple as that?
No, it's not that simple, if you can imagine when I ask Americans earning $ 10,000, suddenly your head is filled with wild desire, hehehe. I deliberately use the figure $ 10,000 American, other than as an affirmation for you as well as shock therapy for you. If I lower the income figures to 1000 U.S. dollars, of your wild dreams when viewing figures 10.000 U.S. dollars will suddenly shattered, is not it?
I've said earlier, if our mindset is not right, then the result will also be incorrect. It's a common thing though salary is increased two-fold, if the person is unable to manage his personal finances to ten times the salary increase would not be enough.
Formula above, "Income - Savings / Investment - Spending = 0 is the answer to why some people are able to manage its own finances" Obviously you are now increasingly understood that you have to practice a minimum force of 10% of earnings into a savings / investment in the beginning before being cut spending.
The key is, "How besarpun your income, as long as you do not have the awareness, set targets and financial discipline, then sooner or later you will be caught up in the flow of people aged balances on a thin, compulsory saving until the next payday."
Surely you would rather have a full awareness and control, Determine direction of your personal finances, is not it? I also believe you do not want to pursue the bills and may want to escape from the shackles of its relentless pursuit of credit. Moreover, you'll want, Realize your dream of owning a house, though small, but you can view with pride, and you feel the warmth, as it is for your business manage your personal finances.