Yes. Everyone wants to be FINANCIALLY FREE. When you achieve this title, you can GET what you want, you can DO what you want, you can EAT what you want.
In other words, you are able to buy 4 pairs of Levi's jeans that you always dream of. You may go for a long vacation to Paris, Italy, or maybe New York with your loves one.
You may eat that expensive meal in Japanese/Italian/Germany restaurant.
How good is that?
How wonderful is that? :D
You just get your new job after graduation or maybe after being unemployed for a very long time. Contrary to popular belief, achieving financial success isn't all about luck and opportunities.
Let see how you gonna achieve a stable life in terms of financial after getting your first job ;)
Step 1 : PAY-YOURSELF-FIRST
When you get your income every the end of the month, deposit 10% of it to an account. An account not necessarily is a bank account. You can an envelope to put in your money but make sure you take a good care of it. This account will enable you to save a portion of your salary for a short or medium-term goal, such as buying your first car or maybe funding for your dream wedding. This can be your emergency fund as well.
Step 2 : UNIT TRUST
Deposit 10% to an investment account. Grow your money. Invest regularly. Be sure you choose the right investment product that suit your life situation and investment risk level that you are able to tolerate.
Step 3 : SPENDING
Remaining 80% is for your regular spending. Pay your room/house rent, your loan, your bills, shopping.. etc etc. But doesn't mean that you can spend as much as you like. Do save as much as you can. With a sensible spending, you will have extra money for your saving and investment!
Good luck!!
Spend Less, Save More, For A Better Life in Future!
Regards,
Kisty
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