Who would not be happy when the payday arrives. For most employees, payday is the most anticipated day. The shadow to buy the desired needs already meets the eyelids. Not only that, a bunch of money in the hands of both salary and job bonuses always have the impression of a guarantee that all the affairs that confront can be thorough. The mind and heart can be calm if the balance is still quite a lot. "Peace of mind comes from Balance in the account," so chirping financial planner Safir Senduk on his Twitter account. The fruit of Safir Senduk's mind can be true. Certainty of a balance in a savings account can make any planning that is made as if it would come to its form. However, it must be remembered, all the money in the account should not run out. That is, all funds are not solely eroded by consumer needs or obligations to pay various bills. There should be funds set aside to spawn money for the future. The question that arises now, then how?
1. Back to the envelope Before technology has not developed as it is now,
envelopes have an important role in managing finances. At that time, especially in the era of about 40 years ago, every once a month the envelope is used as a "bag" to place parts of the money to be used, both for consumption and investment needs. The sections are organized on the basis of priority and need based on time period. For example, distinguish between the monthly spending requirement of annual expenditure and long-term investment. illustration of money in envelopes. (Thinkstock)
Though conservative, the method is still relevant to be done as written in the book Management by Amplop by Aidil Akbar. With envelopes, one can make financial plans more regularly without losing financial priorities. Aidil even gives an overview of the distribution of envelopes and the size of each section. He uses the analogy of three envelopes. The first envelope to fill is the long-term investment portion. Set aside funds around 10-25 percent on the envelope. After filling the first envelope, now start filling the second envelope. This envelope is used for the allocation of annual expenditure funds such as tax payments, insurance, and emergency fund deposits. Allocate about 20-30 percent to put in the envelope. After the two envelopes are filled, it's time to fill in the last one. This envelope is used for monthly expenses such as consumption, transportation, credit card bills, phone charges and installments.
The quantity of the contents is the rest of the previous envelope division. However, the rules concerning the amount of money filled in envelopes are not rigid. What's more, many investment theories say that a maximum of 30 percent of salary or bonus can be used for investment if it is safe. For the big balls, the challenges of investment theories can be realized. Let's make a little calculation on paper. With a salary of Rp 10 million, there is Rp 3 million that can be used for investment. Put it, half of the investment fund-Rp 1.5 million-placed in mutual funds. The remaining half, stored in the form of deposits. A few notes that emerged from the Indonesia Stock Exchange (BEI), mutual funds more often recommended to be used as an investment instrument.
The reason, in addition to a fairly easy way to invest-usually through digital means-mutual fund yields more promising than other instruments, including deposits. Nevertheless, the choice of the instrument will return to investors. As the owner of the fund, investors should be well aware of the risks that will arise over the choice set. In principle, investment should be treated like old advice about eggs and baskets. In investing, never put all the eggs in the same basket. This effort is done to avoid the risks that may happen to someone when investing.
Second, always check the level of trust of the audience to the company that is believed to be able to develop investor funds. The easiest way is to check whether the investment company has an official license from the local regulator. Third, start with a minimum investment limit. Especially for beginners, this way is learning to get accustomed to accept the risk if investment does not match expectations. Although often suggested as a starting point to start investing, even though mutual funds still need patience and willingness to continue to increase the knowledge of investors, so that large returns are not just wishful thinking. Therefore, a well-accessible reference is one of the key drivers of succ
Subscribe by Email
Follow Updates Articles from This Blog via Email
No Comments