How many times does it occurred to you that the fortnight lands and you have realized that you barely had enough money or that you already need a loan. Probably more than once. Don’t be worried, you happen not the one and only that happens, actually for most of the people the fortnight use to last two days below it should.
For this reason, a formula is shared here so that you know how to manage your money, so that your account is not left in zero, you can fulfil your dreams and improve your quality of life.
- Financial statement to know how your finances are
It is known that it can be a bit tedious to prepare a financial statement, but if you really want to stop suffering every fortnight, this is the easiest way to take control of your money. Take a notebook and make two columns, write assets on one side and liabilities on the other.
That easy. Write all types of income in the asset column and the expenses in liabilities. Yes, write everything down, from expenses that seem smaller and that go unnoticed (commissions, tips, coffee, cookies, etc.) to the largest expenses (rent, loans, etc.).
- Financial discipline
Self-discipline and your willpower is something that many of us struggle with. You must stop acting on emotions and take a moment to think a bit about your decisions. So you must ask yourself, are those treats you have given yourself thanks to the money my investments have generated? If the answer was no, you are rewarding yourself ahead of time. For Financial experts, this is a very common bad habit of the poor and middle classes, who buy luxuries from their effort, inheritance from their children or worse, from debt.
- Action plan to achieve a goal
Once you know your financial status and you know when to allocate to your savings, whims, investments, education or fixed expenses. Now, from your financial statement, you must do accounts and see how much money you need to reach you. We anticipate that it will not be an easy process to reach that goal, you may feel discouraged, but on the contrary, take advantage of that situation so that you will be pressured and motivated to collect that money.
- Build and maintain social circles
If you want to get the best advantage in a business, talk to people. Financial experts and Evergreen Wealth Formula 2.0 reviews can make you realize about great deals, click here for more info and thanks to the fact that when you will out for a run, you can read it carefully and understand e do’s and don’ts, so that you do not for any kind of mistakes. So even by exercising you can earn money.