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

The biggest star in the universe - UY Shield
The most in the world

The biggest star in the universe - UY Shield

2020
The smallest cats in the world
Ratings

The smallest cats in the world

2020
Top 7 companies whose stocks are promising for investment
Ratings

Top 7 companies whose stocks are promising for investment

2020

Leave Your Comment

Recommended

12 best microphones of 2020

12 best microphones of 2020

2020
Best Food Delivery Apps, Quality Rating

Best Food Delivery Apps, Quality Rating

2020
The most anticipated films of 2020

The most anticipated films of 2020

2020
Highest paid celebrities 2020, Forbes rating

Highest paid celebrities 2020, Forbes rating

2020

Popular Categories

  • Nature
  • Favorite
  • Food and drink
  • Games
  • Technics
  • The most in the world
  • Articles
  • Tourism
  • Sport
  • Coronavirus

Recent

Rating of 10 best destinations of Southeast Asia this winter (HomeToGo)

Top 10 global financial crises

Best Vegetarian Products

The most ancient buildings on Earth

Top 10 richest wives of Russian parliamentarians

10 best wobblers for pike 2018, rating of the most catchy

Actual

Highest paid athletes 2019, Forbes ranking
Sport

Highest paid athletes 2019, Forbes ranking

2020

American business magazine Forbes recently published its annual ranking of the 100 highest paid athletes in the world. Experts calculated the earnings of the players by adding their prize money, salaries and income from advertising contracts from June 2018 to June 2019. The top 100 athletes ...

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

Top 5 beautiful lakes to relax

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

Rating of summer tires 2019, the best tires (top 10)

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

Interesting facts about coffee (top 8)

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

10 most famous falling towers

2020

The best in the world

The best in the world.

Recent

  • 40 inch TV rating 2016, the best models
  • Processor Performance Rating 2017 (+ table)
  • Top 10 best cities of Russia for the New Year

Popular Categories

  • The most in the world
  • Ratings
  • Technics

© 2025 https://efuc.org

  • Favorite
  • Coronavirus
  • Technology Reviews and Tests
  • Food and drink
  • Cities and countries
  • The most in the world
  • Technics
  • Articles
  • Tourism
  • Books

© 2025 https://efuc.org