To start investing, it is highly recommended not to enter a type of investment that complicated and complex to be understood. Because, the more complicated the investment then the easier it will lose money there. Remember, one purpose of the financial industry is to make people confused, therefore; the best way is to avoid investment that you do not understand.
Pay Yourself First Concept
Have you been unable to saving and investing for the future of a brilliant and independent? Whether the salary was not enough to enable you to have a savings or investment? If the answer is “yes”, it means you’re running an old-fashioned financial concepts and wrong. No need sad because you are not alone. Maybe all this time you are saving concept in the end of the month. When there is money left over from the shopping needs of yourself and your new monthly savings.
However, if it is at the end of the month no money left over, even a deficit, and then you also save money spent in that month. This type of investment will not be made rich. Now try to start using a new concept, pay yourself first at 20 percent. The point is first set aside for the future in advance amounting to 20 percent prior to spending for other needs and purposes of monthly fees.
New Concept: Income (revenue) – Saving (future) = Expenses (need today)
Why 20 percent?
There are many who advocate that it is enough to save or spend as much as 10 percent. However, I think this figure is woefully inadequate. This figure is derived from overseas standards that their inflation rate ranged between 3-5 percent per year. Thus, to save or invest 10 percent or equal to two times the number of investment, so it was considered adequate. While the inflation rate in Indonesia, amounting to 80-10 per cent (although the inflation rate in the market could be more than that) so I encourage using the number 20 percent to secure and ensure the future of your own.
Start with one per cent
If you are difficult to set aside 20 percent directly to the numbers then begin setting aside from the number 1 or 2 percent in the first month, and then add the same number in the following month onwards. So that at the 10th month until the 20th digit has been reached.
Beat yourself
If you can discipline yourself and defeat the desires that are not productive to make this concept then you will be very easy to achieve various financial goals in the future. It is very difficult and probably the most difficult to beat yourself. But believe me, if it is able to beat yourself then the world would be easy for you to conquer.