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5 Tips: How to create the right overview
With the right overview, you know which expenses you can save on. Now you have to "save" this saving. In the meantime, you know where the money runs through your fingers and you have a clear idea of what you are saving for. How much should you put aside?
- The rule of thumb is to put five to ten percent of your earnings aside every month - ideally immediately and almost automatically by standing order on a separate account at another bank. So you gradually save an iron reserve, which should be three times the monthly expenses. As soon as the iron reserve, which serves as a reserve for the unforeseen, you can start with the actual accumulation of wealth.
- Invest in yourself! At the same time I would like to encourage you to invest in your most important pound: in yourself. With targeted training you increase your market value and often your income immediately, as well as your own satisfaction. In the long term, education is the best and safest way to increase quality of life and earnings. Seize the chance of the fort and Further education, General education is important, but it helps you little in your job. You have to fix a direction that makes you stand out from the large offer.
- Making achievements visible: It is equally important to make your achievements visible - look to the stars who do a great deal to land in the media. Now you do not have to become your own PR agent, but the principle is similar: Do something to stand out. Do more than you expect. And put your ideas in writing and explain the benefits and benefits of your proposal. So prepared, you also score in salary negotiations.
- Take a closer look at banks: you are already working intensively on your finances. Therefore, you should now also have a comparative view of who you trust your money: Take a closer look at the bank. In times of penalties it is worth comparing - what is the actual cost of the account, is there a small interest rate under certain conditions?
- Never be the naive customer! Experience has shown that a salary account at the bank around the corner for current expenses in combination with an account for saving at an online bank is recommended. This has psychological benefits: The money is felt out of reach, you do not get it so fast. At the same time, this procedure protects against desirability of the house bank. I strongly recommend that you never confront your bank adviser as a naive customer because financial products are traded like commodities today, and that is exactly what the bank adviser has to put down with pressure from the boss.
Outlook: 25 tips for investment forms
In the further course of our series in the next two days is about investment forms. You can set your short-term capital in day and time deposits, for example. Sure, at the moment, there is no sufficient interest rate, and even interest rates are already required by large investors. An expansion can not be ruled out. This will not always remain so. When savings are declining, long-term investment will suffer. I'd advise you to go abroad.
Real estate, apart from home-grown, precious metals and other things, should not be considered until you have accumulated enough capital for your standard of living. How much that should be, determine yourself.
I will make two proposals for your long-term investment. Cobblers and shares, where I favor stocks. In the long term, they are proposing all other investments. And they have yet another advantage: after the Second World War, the stock owners were the best in currency reform. All other investments are then ranked. For me, the dividend always stood in the foreground.
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