Script of Video #2
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ScribdTranslationsIntroduction.
Have you reached the point where you realize that you have to do something to improve your
personal finance?
Saving, investing, may seem like a difficult task, but it is not.
Presentation.
Hello! How are you! How are those finances?! This is Millionaire Motive and today we bring you 9
tips to improve your personal finances. Stay until the end, this promises.
Content.
Number 1: Bring a budget.
Money management is vital for everyone. Some people believe they must earn.
large amounts of money to manage, but that is not true. although your income
Even if they are small, they must be recorded and there should be good control over them.
When we keep track of expenses, we realize that the smallest expenses often
sometimes they are the biggest when making a budget.
In addition, keeping a budget will allow you to gain more financial discipline. You learn to prioritize and
adjust your expenses according to your income, which is why it is very important for you to keep a budget
of your personal finances.
Number 2: Plan your expenses in advance.
Planning is the first key to optimal financial health, so once you start
the day, the week, the month or even the year, the best thing is to take pencil and paper, open an Excel sheet
on the computer (or mobile phone) and start determining what your expenses are
planned to do for a specific period of time. The best way to do this is
record as a basis the exact amount of income you will receive, for example, in a month, starting from
From there, subtracting what is necessary to cover each of the needs and planning where to
direct the remaining amount.
Number 3: Reduce everything that is within your reach.
Maintaining good personal finances, especially if you are just starting in the process of
better managing your expenses and income will generally require making a series of sacrifices
before seeing the results. Therefore, on more than one occasion you will have to cut expenses that do not
become a priority in your life. And of course, this does not mean that you cannot enjoy the money that
You win, and from now on, every weekend you will have to stay home or never.
you will be able to buy those shoes that you liked so much.
You should be careful, for example, with small expenses, those little purchases that in a
at first they seem very economical and harmless, but when repeated over time,
they add up to a higher expense rate than you initially thought.
Number 4: Avoid having debts
Debts are the worst enemies of good personal finance. Controlling them is one of the
first things you should do to take care of your finances.
Getting into debt can be a voluntary decision or a reflection of poor management in your
personal finance, that is, your expenses systematically exceed your income. Even
When it is not like that, they may be reaching that limit.
To avoid debt, you must pay attention to the details, be aware of your income and expenses.
Having control over your expenses so that they do not exceed your income will prevent you from having to be
paying excessive fees, and thus not having to constantly pay debts that you do not
they are benefiting in the long term.
Number 5: Save and invest.
Saving is one of the essential tasks to improve your finances, even if you start with a small amount.
minimum amount, you have to create the habit of saving.
Take a sum of money intended for savings periodically, and focus on defining goals.
objectives that motivate you to treat your savings with the same respect as you would treat the rent of
your house or the internet bill. But as we have already said, it's not just about saving, the key is
invest part of what you save, to continue generating income and gradually increasing your
saved capital. Saving is a good practice to grow your wealth, but it is not a
good practice to achieve financial freedom, that is why besides saving, it is also
It's important that you start investing to continue growing your money.
Number 6: Learn about financial education
Financial education is a topic that is constantly being improved. that's why it
It is advisable that you learn as much as you can about finance, as this allows you to
to achieve a greater understanding of managing your money, and enables you to make better
decisions and thus be able to enjoy a better quality of life in the future.
One of the things you can do to learn more about financial education is to read.
different books like.
Rich Dad, Poor Dad
The richest man in Babylon
Think and Grow Rich
Or you can also consume content that educates you on this topic, such as: being
subscribed to this channel.
How's it going, future entrepreneur? If you're enjoying this video, I invite you to give it a thumbs up.
Share it and comment on what topics you want to see. Let's continue with it:
Number 7: Value your effort
Earning money is not easy. Managing it wisely is something that can be learned unless ...
they have taught you since you were little. That's why it's important to be patient with yourself and
that you manage your money in a better way, this does not mean that you cannot afford to spend
money on the things you like. but when achieving your financial goals, remember that these do not
They came out of nowhere; on the contrary, they are the reflection of your hard work, so value it.
Number 8: Be careful with financial products.
Because there are several sources from which you can get financing, you need to be careful with them.
Remember that a loan is in no way extra money to spend on whatever you want.
You may want. A credit could be translated as an advance of income. We recommend that before
Before acquiring one, research the different options that credit institutions offer you, already
that, depending on the needs, one must know the cost of financing, the reason for
which would be used, the annuity, the commissions or the expenses involved. Use financing.
as long as you have the ability to pay for it, otherwise do not use it.
Number 9: Think about your future
We live in a society where everything is wanted instantly, we focus so much on the now, on
just enjoy the present and we forget to take care of our future, that's why, never forget
Think about your future, visualize your future self and consider their well-being. So, ask yourself, who
Are you going to think about your future if it's not you? That's why it's essential that you start planning right now.
your financial future, and improving your personal finances is one of the best things you can
to do in order to live very well in the future.
Farewell.
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