Investments and Personal finances

The universe of investments and personal finance has been expanding at an absurd speed. More and more individuals are interested in ways to control their income.

The purpose of this post is to help you in this process.  So we set aside some tips about investments and personal finances. See how this theme can be simpler than what it looks. 

1- The 50-15-35 Rule

That's a rule that fits any budget. Therefore, your income does not need to have a specific pattern. The concept is very simple. Here, you'll split your earnings by 3 types of percentage. Check it out:

·           50%: for essential expenses;

·           15%: for financial priorities;

·           35%: for your lifestyle.

So, the idea is that your income is better targeted. Now, this division was done strategically. Therefore, it is important to respect her. I don't think giving up 35% is a good idea.

It should be used for your entertainment. So, remember that enjoying life is also essential.

2- Negotiate your possible debts

If you have any debt, stay calm. Don't be afraid to look for ways to renegotiate your debt. The first thing to do is identify these issues. Then make a list of them, prioritizing the most expensive ones.

Once that's done, it's time to get in touch with the lender. Therefore, together you will look for the best solution to resolve this situation. Then you will most likely receive a debt settlement proposal.

However, don't feel that you have to accept everything at first. Ask for time to review the agreement. In the meantime, study how it could become more supportive.

Therefore, submit a counterproposal to the creditor. Both parties are interested in solving the problem. Therefore, they must always listen to each other. This is very important for anyone looking to do better in the world of investments and personal finance.

3- Financial planning is the key

Without organization absolutely nothing goes forward. Your finances follow this same logic. Therefore, you need to look for alternatives to better control it. One tip is to use spreadsheets.

There are numerous of them available on the internet. That way you don't have to create one from scratch, just fill it out. With this tool, it will be possible to have an idea of ​​your expenses and your earnings. So it's even easier to implement the 50-15-35 rule, remember?

4- Set up an emergency reserve

It's impossible to have control over everything. Sometimes, unforeseen events happen, leaving many people not knowing what to do. Therefore, building a financial reserve is an excellent alternative.

With it, you are less likely to be surprised. Therefore, every month try to take some of your income. It doesn't matter the amount. So, if the first time, you can only collect R$ 50.00, that's fine.

Now, if next time you manage to book R$ 85.00, even better. In short, always work within your reality.

5- Learn from other people

Knowledge is power. Therefore, seek to learn about investments and personal finance from people in the field. Today, many people share their experiences for free.

So, whether through blogs, or YouTube channels, you have a huge range of ways to learn. That being the case, this is time that is well worth spending. Thus, it is easier to obtain efficient and lasting results.

6- Be an ally of technology

Além disso, isso também se aplica ao seu dinheiro. Existem hoje, várias possibilidades de juntar esses dois elementos. As planilhas financeiras e os aplicativos são bons exemplos disso.

As the world is becoming more and more technological, not being an ally of this evolution is a mistake. In this way, always try to be updated with digital platforms. Trust me, they make your life easier.

Furthermore, this also applies to your money. There are now several possibilities to join these two elements. Financial spreadsheets and applications are good examples of this.

7- Invest your money

To make your money work for you, you need to learn to invest. This is a universe full of possibilities. Of course, it also requires a lot of care. So, a tip is to seek references from professionals on the subject.

In this way, they will guide you through the best forms of investment that exist today. However, don't think this is simple to understand. But believe me, the result is always rewarding.

8- No savings

Investing in savings is a very old practice. Still, many people think it is the best option to save their money. However, they couldn't be more wrong.

So, the alternatives in the financial market today are countless. Most of them yield much more than savings. So putting your money in the latter is a waste of time. The ideal is to look for other more profitable possibilities.

9- Save your money

This is a very complicated task for a lot of people. The country's economic situation does not help in this process either. Even so, it is interesting that you try to save as much as you can.

Saving money follows the same logic of financial reserve mentioned above in the text. So this is a way to stay safe in case something unplanned happens.

Also, many people manage to support themselves during unemployment because of how little they have collected while working. So consider joining this alternative.

Finally, you now know how to stay well in the world of investing and personal finance. Now it is your turn. Use the tips mentioned here and go in search of bigger and bigger achievements.