Personal finance seems to be one of the themes, and there are many meaningless writing suggestions. There are subtle differences between giving financial guidance and driving the next quick plan to get rich. You will hear this 10 point plan or these 7 habits, but if you want to understand its core, you only need to follow 3 rules to make sure you are rich. Although these three rules won't let you enter Donald Trump for the night, relying on them will ensure you are ahead of 80% of the population.
1. Spend less than your income.
If your money is used up before the next payment due at the end of the month, then you have a problem. You need to start recording what you are spending and then cut. Everyone's monthly expenses are a bit lax - we loosely call it the "Latte factor." Find these indulgences and cut them off. You don't need to use a sickle to enter the Stone Age lifestyle. You just need to make sure your life is within your abilities. If you liquidate £1,000 a month, then you won't open Jag - stick to the old Corsa! Charles Dickens spoke best at David Copperfield. "The annual income is 20 pounds, and the annual expenditure is 19 six. The result is happiness. The annual income is 20 pounds, the annual expenditure is 20 pounds, 6 and the result is suffering."
2. Deposit 10% of all items you produce into the bank
The Steady Drip will always be filled with buckets. Many people are gangsters. No matter what you want to say, everyone knows that it will rarely increase over time. The best way to describe why you should deposit 10% of your salary into a savings fund is written many years ago in George Skrason's book The Most Rich Man in Babylon: "Now I will say a strange The truth, the reason is that I don't know. When I stop paying more than nine-tenths of income, I also try to get along with each other. Of course, for him, this is a law-abiding and not part of everyone. God's Law. His income, and easier to get gold. Similarly, his money is empty, gold is avoided. Satisfy your desires every day, gems, a little gorgeous, better clothes, more food; things soon It disappears? Is it a substantial asset, gold, land, herd, commodity, income-generating investment? The coin taken from your wallet brings the first one."
3. Don't miss the payment
If you miss a payment, you will not only open your own for missing payments, but it will also undermine your credit history. Only a missed payment will leave a stain on your record, which can take a long time to complete.
Missing your credit history payment means that you are less likely to get the best rate offered by the bank. Your mortgage will suddenly cost £600 a month instead of £550 a month. Your car loan will be £109 instead of £92. This may not mean a lot in a month, but when you increase these extra costs by 3 or 25 years, you will suddenly start to see how many penalties you can get. Carefully protect your credit report to ensure that this does not happen.
By following these simple rules, you will never know that the bank charges you £30 to exceed your overdraft limit; you will never get money from the bank but are told that you are underfunded; you will never be taken back; you There will never be endless sleepless nights worrying about money; you can buy the items you need in cash without having to buy expensive credit agreements.
Personal finance is a simple matter. Spend less than your income, save 10% and make sure your bills are paid on time. Everything else is just a icing on the cake.
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