Summary of this year's financial lessons to prepare for the coming challenges
The ideas I learned from this video...
Summary of this year's financial lessons to prepare for the coming challenges
From THE MONEY COACN's Youtube channel.
On The Money Coach Podcast Now, the young coach and the elder come to conclude their New Year's Eve financial lesson to prepare for the anticipated tougher economy next year. The coach emphasizes planning well, getting emergency reserves ready, and reminding of overspending during the festival.
Anyway, I forgot to listen to the source clip too, and this is the idea I received...
- This year may be the best year compared to the next 2-3 years. So don't underestimate it.
- Don't rely on the water to get ready and plan your finances from today.
- What we can't control. In the end, that thing will come back to control us (especially about money).
- Financial planning is to look forward to the problem and step back and prepare to fix it today.
- You should make financial statements at least six months in advance to see life in advance. If not enough money, you can fix it, not die.
- Crisis (e.g. floods) teaches that money matters very important in times of emergency.
- Financial security is the readiness to take care of life when there is an unexpected occurrence.
- Don't wait for something bad to happen and see the importance of reserves.
- Beware of the "Lifestyle Inflation" trap or lifestyle expansion based on income rising too fast.
- Creating an exaggerated image in social. The last will make us tired ourselves.
- Age 50 + should start spending money for happiness, not waiting to die (Die With Zero concept)
- It doesn't matter how old it is. It matters when you think about it.
- Don't just make money to forget to maintain a family relationship.
- If we control money, we'll start to control other aspects of life better.
- There's no need to set goals. Just one or two things you can do.
# Financial mindset # lemon 8 diary # Thoughts # Investment finance














































































































