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

Rating of interethnic tension of the regions of the Russian Federation
Ratings

Rating of interethnic tension of the regions of the Russian Federation

2020
The best travel and vacation apps
Ratings

The best travel and vacation apps

2020
The most popular varieties of moonshines
Ratings

The most popular varieties of moonshines

2020

Leave Your Comment

Recommended

The biggest bears in the world

The biggest bears in the world

2020
Top 10 Signs That Your Interlocutor is Fooling You

Top 10 Signs That Your Interlocutor is Fooling You

2020
Top 5 amazing plastic surgeries

Top 5 amazing plastic surgeries

2020
Top 5 dangerous habits of drivers, "killing" the car

Top 5 dangerous habits of drivers, "killing" the car

2020

Popular Categories

  • Movie
  • Coronavirus
  • Books
  • Food and drink
  • Nature
  • Tourism
  • Technology Reviews and Tests
  • Sport
  • Cities and countries
  • Games

Recent

10 promising business ideas 2020 from the USA

Top 10 movies about pirates, a list of the best

10 most “thickest” countries of the world

10 best judokas in the world in history, rating

Rating of the most aggressive and annoying banks in Russia

Top 10 actors most often dying in films

Actual

The 10 most toxic smartphones of 2018
Technics

The 10 most toxic smartphones of 2018

2020

When choosing a smartphone, people rarely think about how much harm their purchase can bring. However, scientists have revealed that any modern phone transmits radio emission, which is not useful for people. According to research, French experts called the most harmful smartphones ...

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

10 Internet services that have become free due to coronavirus

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

The most expensive football clubs in the world

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

20 best smartphones of 2019, Business Insider ranking

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

The best rosé wines in Russia, Roskachestva rating

2020

The best in the world

The best in the world.

Recent

  • 10 Internet services that have become free due to coronavirus
  • Rating of the best smartphones in autumn 2016
  • Rating of the best cities and regions of the future 2018-2019

Popular Categories

  • Tourism
  • Nature
  • Movie

© 2025 https://efuc.org

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

© 2025 https://efuc.org