— You can’t give recommendations on buying poland telegram data certain financial assets. But maybe you can give three or four pieces of advice on personal finance? What useful habits should those who want to become more financially independent, as they say now, develop?
— I won’t say anything new. I would probably highlight three points.
First, a responsible attitude to personal
finances means that you should strive to save regularly. At least a little bit – 10% of your regular income. Systematicity is always important.
Second, you can only direct money into riskier instruments (stocks and bonds) if you have already created a sufficient cushion of financial flexibility in the form of savings in the bank.
Well, the third point is diversification, that is, investing money in different asset classes. This, as a rule, gives the best and more predictable result in different circumstances.
– If everyone becomes smart and saves, then no become an authority in your space: one will take out loans. And the financial system will collapse!
– Not at all. Everyone is in different phases of the life cycle
Usually at the early stage, when you are young, your ao lists income is low, but at this time you start a family. As a rule, during this period you are a borrower. You borrow money from the bank to buy a car, an apartment, to make repairs.
