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Simple Tips For Your Own Personal Finance
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Finance, involved mathematics, and it seems hard. But it doesn’t have to be hard. For me, things you need to know about personal finance is

1. Do budget… a simple budget is enough, as long as you know where you come in and out every month, it is enough. Once you master the basic, you can go to a complicated budget.

2. Have an emergency fund. It is really really important. You can never predict when an emergency can strike in. Therefore, always have cash or available fund that you know is always available whenever you need them.

3. Discover the magic of compounding interest. It not hard as it seems. It just a basic inverstment where instead of letting your money sitting idly at the saving account, why not gaining something from it.

How? Just invest in unit trust. There are many available trust fund that you can invest in. Just call your trusted bank and ask if they offer it. Or maybe you can ask around to find a trusted agent to help you through.

Also related to the rule number three, discover the rule of 72. The rule of 72 is the rule where it is divided by the yearly return of your investment and the figure you get is the number of years it takes for your investment to be double. Example, let say this particular investment managed to give you a 9% of your return annually, so 72 divided by 9 is 8. So, it will takes 8 year for your money to double. Sound exciting isn’t?

Once you have mastered these three basic principles, you will find that personal finance isn’t as hard as it seems or as complicated as it sounded.

The important thing is just to start and then you see good things happen to your finance.

I'm a personal Finance learner who discovered the importance of it at a late stage. So now, I want to tell people that it is very important to learn so that they can make a wiser decision and be wealthy. :).Want to learn Personal Finance in an easy way Check out my Personal Finance blog


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