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

Systemically important banks of Russia 2018, list of the Central Bank of the Russian Federation
Finance

Systemically important banks of Russia 2018, list of the Central Bank of the Russian Federation

2020
Top 10 Non-China Smartphones 2020
Technics

Top 10 Non-China Smartphones 2020

2020
Smartphones 2018 with a good camera and a powerful battery
Technics

Smartphones 2018 with a good camera and a powerful battery

2020

Leave Your Comment

Recommended

Rating of Russian cities by living standards 2018

Rating of Russian cities by living standards 2018

2020
10 most unusual professions in the world

10 most unusual professions in the world

2020
10 greatest commanders in history

10 greatest commanders in history

2020
10 best smart speakers, 2019 ranking

10 best smart speakers, 2019 ranking

2020

Popular Categories

  • Information and News
  • Articles
  • Cities and countries
  • Games
  • Movie
  • Sport
  • Medicine
  • Books
  • Favorite
  • Food and drink

Recent

Cashback AliExpress - 5 best services of 2020

Rating of interesting rumors about the movie "Star Wars: The Force Awakens"

10 crystal mirror places on Earth

The highlights of the 2018 FIFA World Cup in Russia

The most prestigious beauty contests (Top-10)

Top 10 WD-40 Uses

Actual

The most unusual hotel in Turkey Gamirasu Cave Hotel is located in a cave
Ratings

The most unusual hotel in Turkey Gamirasu Cave Hotel is located in a cave

2020

Gamirasu Cave Hotel is one of the most amazing hotels in the world, offering tourists a five-star service when staying in a real cave. Gamirasu Cave was opened in 1999 on the territory of the former Byzantine monastery in the Turkish region of Cappadocia, 300 km from Ankara. In Cappadocia ...

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

Top 10 high-profile spy scandals of the last decade

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

10 best game consoles in 2019, rating of consoles

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

Rating of political parties in Russia

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

The most beautiful actresses in Russia

2020

The best in the world

The best in the world.

Recent

  • Smartphones with a good battery 2019: tests
  • Most anticipated films of 2013
  • Rating of the best models of fan heaters for the home

Popular Categories

  • Food and drink
  • Cars
  • Ratings

© 2025 https://efuc.org

  • Medicine
  • Tourism
  • The most in the world
  • Articles
  • Nature
  • Information and News
  • Sport
  • Technology Reviews and Tests
  • Favorite
  • Games

© 2025 https://efuc.org