The best in the world

  • Home
  • Technics
  • Finance
  • Ratings
  • Cars
  • Movie
  • People
  • Home
    • Technics
    • Finance
    • Ratings
    • Cars
    • Movie
    • People

Home Finance

5 financial habits that will help create capital in 2020

Share
Pin
Tweet
Send
Share
Send

An investor and an expert on financial literacy, Alexey Maksimchenkov, spoke about 5 principles of financial well-being and how to get rid of bad habits in handling money.

- Alexei, what are the 5 main principles of personal finance management that you can single out?

- First of all, always keep track of expenses in order to understand where the money goes. It is important to consider the flow rate and monitor it.

The second is to constantly create new sources of income and increase total profit. To increase the number of sources of income, you can learn new specialties, new areas of business or investment (for example, the stock market, real estate). You can also make a profit on commissions by recommending quality contractors and supplying them with customers.

Be disciplined in money. If you said that you save 10% on investments, then you need to put it off. And do not say that "next week" you will begin. Or if you said write down income and expenses in a notebook, then write down every day.

Follow your personal financial plan: where you invest, how much.

It is better to draw up a personal financial plan under the guidance of a professional consultant.

- What are “good” and “bad” financial habits?

- Useful habits: manage budgeting, that is, distribute income and expenses to personal funds, such as “apartment”, “food”, “training” and so on.

Bad habits: counting income and expenses “on the fingers” without writing them down. Take "bad" loans, which, conditionally, are pulling money out of your pocket.

Good loans make money. That is, you take money to make even more money. And not in order to buy a phone, and money is being pulled from your pocket.

- What “life hacks” in personal finance management do you use?

- Many people use mobile applications to maintain a personal budget, I use a regular notebook. Be sure to use bank cards with cashback, which return a percentage to the balance of the account. I use promotions and special offers in online stores.

When you buy an apartment, you must return the tax deduction.
If you often fly by plane - accumulate miles. For example, now I can get a ticket for 3 thousand and go to Moscow for free. Or pay extra for a ticket and go to another city.

- How to accumulate capital, which will give sufficient passive income? Where to begin?

- First you need to put aside a percentage of income in savings, form a “safety cushion”, then start investing in investments, learn and train for this.
It is important to consider expenses and incomes, to conduct home bookkeeping. Distribute expenses by “funds”: meals, payment for an apartment, training, clothes, entertainment, and so on. Keep track of expenses within the intended financial plan.

You can learn to invest with 1 thousand rubles. You can invest in mutual funds, the stock market, precious metals, in currency.

- What do people most often lose money on? And how to avoid this?

- Most often, people lose money due to financial illiteracy on high-risk investments, which promise a lot, but not

If you are told, "take a loan, we will immediately kill it," stay away from such people. They make money on your mistakes. It is unlikely that the financial expert will offer to hastily take a loan.

You need to invest only "free" money, and not the ones you live on.

Share
Pin
Tweet
Send
Share
Send

Watch the video: The One Habit That Will Make You Poor Forever (June 2025).

Similar Articles

10 best biathletes in Russia, ranking 2018-2019
People

10 best biathletes in Russia, ranking 2018-2019

2020
Top 5 best office programs for Android
Ratings

Top 5 best office programs for Android

2020
Top 10 real-life serial killer movies
Movie

Top 10 real-life serial killer movies

2020

Leave Your Comment

Recommended

Rating of the best models of fan heaters for the home

Rating of the best models of fan heaters for the home

2020
10 smallest smartphones in the world 2019

10 smallest smartphones in the world 2019

2020
Top 5 Lowest Hollywood Actors

Top 5 Lowest Hollywood Actors

2020
The most dangerous countries in the world according to the inhabitants of the Earth

The most dangerous countries in the world according to the inhabitants of the Earth

2020

Popular Categories

  • Articles
  • Sport
  • Food and drink
  • Games
  • Cities and countries
  • Coronavirus
  • Technology Reviews and Tests
  • The most in the world
  • Information and News
  • Movie

Recent

Top 10 largest industrial centers in Russia

Startup Exchange: Finding the Best Investment Ideas

The 10 most toxic smartphones of 2018

10 most famous haunted castles

Best cities of Russia in terms of quality of life 2019

The very first cartoon in the world (VIDEO)

Actual

10 strongest alcoholic drinks in the world
Food and drink

10 strongest alcoholic drinks in the world

2020

If food is the way to the man’s heart, then drinking is the way to his soul. This is what all beverage manufacturers are aware of. Therefore, they are inventing increasingly rich and seductive tastes to please their fastidious customers. But a connoisseur of good alcohol is not so easy to impress. That's why ...

Jokowi supporters try to prevent anti-Jokowi activist from entering Batam

The most slender stars of Hollywood (top 20, photo)

2020
Jokowi supporters try to prevent anti-Jokowi activist from entering Batam

Kings of Russian real estate 2018, Forbes ranking

2020
Jokowi supporters try to prevent anti-Jokowi activist from entering Batam

Top 5 Tips for Making Money on Youtube

2020
Jokowi supporters try to prevent anti-Jokowi activist from entering Batam

The best countries in the world

2020

The best in the world

The best in the world.

Recent

  • Top 3 unsuccessful state. 20th century coups
  • The most beautiful school uniforms 2018 for girls and boys
  • Rating of the best cameras by image quality 2017

Popular Categories

  • Sport
  • Ratings
  • Ratings

© 2025 https://efuc.org

  • Coronavirus
  • Medicine
  • Nature
  • Books
  • Technology Reviews and Tests
  • Cities and countries
  • Favorite
  • Articles
  • Games
  • Information and News

© 2025 https://efuc.org