Wrong financial management concepts part 2

 Making cash and saving cash is monetary management

Why is creating cash and saving cash not monetary management?


Making cash may be a matter of your time, and monetary management may be a period of time plan.


Being able to form cash doesn't mean having the ability to manage cash, as a result of it's 2 various things


People with AN annual financial gain of quite ten,000 yuan might not have five,000 yuan within the bank, and a few square measure even in debt


Because they pay the maximum amount as they earn and feel that they need the power to form cash, so that they do not got to save cash in the slightest degree.


This is the incorrect thought of economic management!


Do you dare to ensure that the cash you earn won't step by step decrease? can the fabric necessities not get higher and higher?


I know you're sensible at creating cash, however what if you lose the power to form money?


Some things square measure supported the long. Saving cash all the time won't cause you to higher manage your finances, as a result of cash can depreciate.


You save urgently, costs rise urgently, 10,000 yuan in five years might solely be value RM6000


I recommend you invest the cash you save, learn skills, and so use skills to form more cash. this may be higher


Follow others to take a position

Investment is an element of economic management, however investment doesn't mean speculation


Regarding monetary management, everybody should have a transparent understanding: monetary management doesn't confer with speculative gambling of "delusion to urge wealthy overnight"


Mrs. Huang doesn't study abundant and has been within the business business for twenty one years


I typically save cash and save cash. i would like to retire when five years of labor.


Recently, I detected from friends around Pine Tree State that there square measure stocks that square measure stable and profitable. everybody buys RM ten,000, and also the annual come is as high as twelve-tone music.


Mrs. Huang's heart was emotional. while not perennial confirmation, she bought the stock with everybody.


Unexpectedly, when two months, the RM 10,000 was lost, and another RM 3500 was announce...


Haiz ~ i actually lost my mate and lost my army


Friends, this genuineness teaches America, don’t simply believe what people say concerning investment, perhaps it’s a scam


and also,


Don’t simply follow what others square measure shopping for, don’t follow the trend and save face, it'll kill yourself and also the next generation!


Don't have confidence it, you'll be able to build cash by investment with others


That is a insecure investment~


If you're unwilling to pay time on your own analysis and analysis, and prefer to trust others, then it's "free investment" (for nothing to throw cash into the sea)


Investment may be a skilled information, you want to not trust people that don’t acumen to fake to know


If you propose to take a position within the long, you want to still learn investment information


If necessary, consult skilled investment establishments


If you follow the trend and enter the market, sooner or later you may lose everything, as a result of the investment might build or lose.


If you’re unsure, don’t rush to begin, learn more, raise a lot of and listen a lot of.


Otherwise, once the time comes, I don’t acumen i'm losing cash 


Think insurance will build cash

Most people (especially young people) don't concentrate to protective themselves 1st once investment, thinking that purchasing insurance may be a waste of cash


As everybody is aware of, solely when you have got the foremost basic protection, alternative monetary management plans will be completed


I must cue you that the advantage of insurance isn't the amount of investment financial gain, however the protection perform for you.


The ugly words square measure on the front: "In case you get a heavy malady in the future, you have got to possess AN operation quickly. If you do not have any insurance, you cannot be admitted to the hospital quickly."


On the contrary, if you acquire medical insurance ten years agone, you'll be able to be admitted to the hospital forthwith while not having to pay time making ready an oversized add of cash


Don’t get Pine Tree State wrong, I bought the insurance for ten years and sold-out it for the eleventh year to form cash.


NO… No such thing!


Insurance is bought to shield the health of you and your family, not your money-making tool


Moreover, it's not transferred or sold-out


Do you assume it's a commodity~


However, if you insist that insurance will build cash, then i feel this "money" refers to health!

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