Well, what does the new year mean for us? of course that the new year can be used as a starting point for change (something new).
Have you determined financial resolution for 2019?
The New Year is Always Be A Life and A new Beginning In New Year
Entering life in 2019, of course, everyone feels more excited and wants to start something better at the beginning of 2019. People start by preparing new year's resolutions as a plan to move towards a better direction. Surely you also have a new year's resolution right?
Have you set a new year's resolution?
Tony Robbin, one of the world's top motivators ever said that:
New Year = A New Life! Decide today who you will become, what you will give how you will live
Tonny Robbins
So, in 2019, we want to be like who, and what we will do. According to my analysis, in 2019, we should be improve finances, where in the previous year 2018 our financial conditions, especially cryptocurrency assets, experienced a deteriorating condition.
Therefore, Improving financial conditions is one of the lists of my new year's resolutions. After I reviewed my financial condition, it turn out there was something wrong with my financial condition.
Related to that, I want to share some important things about finance.
1) Emergency Funds
The first stage is that we must have emergency funds, according to our needs. After we know how much funding needs for emergency founds.
2) Make a budget and record finance properly
The second stage: start changing old habits in managing finances. If we still cannot manage salaries, then we need to read and apply way of managing finances.
3) Buy insurance according to needs
Third stage: We need to buy health insurance and life insurance as needed. If we already have insurance, recalculate the sum insured. Do not pay the monthly insurance premium, it turns out when we need it, even less money.
4)Get Rid of and Limit Consumptive Debt
The fourth stage: The new year is the time to pay off our consumptive debts, be it credit card debt, car payments, electronic installments or others. We can use the Debt Snowball vs. Debt Stacking technique to pay off consumptiv debt.
5) Financial Plan Review
Fifth stage: We should be make the right financial plan, so that the financial future is better.
6)Invest in accordance with investment plans and financial plans
The sixth stage: start investing because with investment, we can increase monthly income. It can be done by investing in steem (Power up). It's safer and more profitable.
Happy new year, hopefully this year will be a good start for our lives in the future
Thank You Very Much
