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

Top 5 weird Halloween traditions stories
Ratings

Top 5 weird Halloween traditions stories

2020
Interior of a one-room apartment: TOP of the best ideas
Ratings

Interior of a one-room apartment: TOP of the best ideas

2020
7 interesting facts about popular Disney cartoons
Ratings

7 interesting facts about popular Disney cartoons

2020

Leave Your Comment

Recommended

The most miraculous icons in the world

The most miraculous icons in the world

2020
Top 6 Reasons to Travel to Spain in Winter

Top 6 Reasons to Travel to Spain in Winter

2020
Highest paid athletes 2019, Forbes ranking

Highest paid athletes 2019, Forbes ranking

2020
10 most expensive dog breeds

10 most expensive dog breeds

2020

Popular Categories

  • Movie
  • Books
  • Sport
  • Games
  • Medicine
  • Information and News
  • Favorite
  • Food and drink
  • Technology Reviews and Tests
  • Cars

Recent

Top 5 best smartphones according to users

Top 5 best resorts in Greater Sochi

Rating of the best hotels in Spain

7 best bus tours in Europe from Belarus

5 biggest myths about obesity

Best Vegetarian Products

Actual

The best breathalyzers of 2019 for personal and professional use
Cars

The best breathalyzers of 2019 for personal and professional use

2020

A true friend of the responsible driver and a way to resolve conflict situations on the road is a small device called the “breathalyzer”. We will tell you which breathalyzer is better to choose for personal and professional use and how not to spend too much at the same time. Which breathalyzer ...

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

The most famous travel brands in Russia

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

Top 10 Best Business Books

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

Top 10 most unusual finds of customs officers

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

TOP 10 countries for a good summer vacation

2020

The best in the world

The best in the world.

Recent

  • Rating of the best free antivirus programs, test of 2015
  • Top managers of the National Media Group entered the ranking of the best managers of Russia 2019
  • Rating of cities with the longest traffic jams

Popular Categories

  • Tourism
  • Finance
  • Finance

© 2025 https://efuc.org

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

© 2025 https://efuc.org