Money Black HoleWhen you receive your salary, you cannot determine where your money goes. In the end, we finish all the salary with only minimum amount for savings and investment.
1) We need to draft where our money goes in and out(housing loan, car loan, fuel, etc)
2) List top 10 where our money goes
3) Develop strategy to reduce the payment (refinance, full settlement etc)
4) Channel the savings into investment
5) List all our spending for month
6) Repeat step 2, 3 and 4.
The goal is to ensure passive income that can suppport your lifestyle.
No comments:
Post a Comment