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How to make money so you don’t have to work for the rest of your life
There are many counsellors in our time who speak with a clever face. How to properly save money. But their advice is often detached from our realities. Just listen to another speech, and at the end of it you realize that you haven’t learned anything new. Where's the guide to action?
So today's editorial office. "Site" Offers to find out the opinion of our subscriber, who has always been frugal and, despite the ridicule of others, manages not only to save, but also to multiply money. How does he do that?
How to save money: Our people have an amazing attitude to money. On the one hand, they constantly complain that incomes are small, that everything has to be paid for and that funds are constantly lacking.”
“On the other hand, they want to live on a broad footing. And they only laugh when you tell them how to solve a problem economically. They immediately look at you like a miser. And you can see from your eyes that they are going to put some barbing at you, Andrei writes.
At the same time, as a graduate economist, I understand that the financial literacy of our people is close to zero. And even during the 5 years of my studies at the institute, we, future economists, were taught anything but the ability to handle money. This skill will certainly be useful in adulthood.”
“It was necessary to learn thrift by myself, along the way stuffing bumps. And the first rule I made for myself, Keep savings only in a reliable currency. Rubles are not suitable for this purpose. Like most other currencies of countries with unstable economies. I think this applies to almost any country in the CIS.”
“Our people are still skeptical about dollars. Why would you want to buy these “fantasies”? Although the dollar is a recognized worldwide reserve currency, with which you can pay in any civilized country. It is also quite resistant to long-distance depreciation.”
There was a time when 1 ruble in value was approximately equal to 1 dollar. Then there was the denomination of 1998, when 1000 rubles suddenly became 1 ruble. And even such a “rise” ruble today is almost 77 times cheaper than the dollar. It turns out that over the past 30 years, our money relative to “green fantasy” has fallen 77,000 times? A wild fact, which for some reason they do not talk about, the man is indignant.
Therefore, my wife and I believe that keeping savings in the national currency is obviously a stupid idea. We do not do this ourselves and do not advise others. You can use the golden rule: a third of savings in dollars, a third in euros and a third in native currency (just in case).
“It is also surprising how people rush into any crisis. part with. They buy real estate and cars. And they buy when prices have already skyrocketed. Although the same property can not be said that it is constantly becoming more expensive”.
In September 2014, when the dollar was worth about 35, we invested in the purchase of an apartment in a house under construction. 1.8 million rubles at that time was equivalent to 43 thousand dollars.”
As a result, after a year and a half, the real estate market subsided and only $19,000 was offered for our apartment. In other words, it has fallen more than 2 times. Naturally, they didn't sell. Lucky to exchange for a family-friendly option elsewhere.”
“Our rule in a crisis is that it is better to buy what is necessary, get the right clothes or appliances, and keep the money in a reliable currency, rather than rushing to invest it thoughtlessly. If you invest, it is in yourself, not in excess.”
“Therefore, my wife and I will not build a marble fence, but will do with the old slate. But with the money saved, it is better to buy a currency or shares of reliable companies, which in the long run will bring us benefits and give us confidence in the future. And let the neighbors take loans for the next repair. Their right”.
Saving money properly It is just as important as being able to put them off. After all, even those who manage to save some of their income, over time, either spend them, or simply watch as this money melts during the next crisis or price spike. But is buying dollars and euros really the best choice? Maybe you should save and increase your savings in another way?
So today's editorial office. "Site" Offers to find out the opinion of our subscriber, who has always been frugal and, despite the ridicule of others, manages not only to save, but also to multiply money. How does he do that?
How to save money: Our people have an amazing attitude to money. On the one hand, they constantly complain that incomes are small, that everything has to be paid for and that funds are constantly lacking.”
“On the other hand, they want to live on a broad footing. And they only laugh when you tell them how to solve a problem economically. They immediately look at you like a miser. And you can see from your eyes that they are going to put some barbing at you, Andrei writes.
At the same time, as a graduate economist, I understand that the financial literacy of our people is close to zero. And even during the 5 years of my studies at the institute, we, future economists, were taught anything but the ability to handle money. This skill will certainly be useful in adulthood.”
“It was necessary to learn thrift by myself, along the way stuffing bumps. And the first rule I made for myself, Keep savings only in a reliable currency. Rubles are not suitable for this purpose. Like most other currencies of countries with unstable economies. I think this applies to almost any country in the CIS.”
“Our people are still skeptical about dollars. Why would you want to buy these “fantasies”? Although the dollar is a recognized worldwide reserve currency, with which you can pay in any civilized country. It is also quite resistant to long-distance depreciation.”
There was a time when 1 ruble in value was approximately equal to 1 dollar. Then there was the denomination of 1998, when 1000 rubles suddenly became 1 ruble. And even such a “rise” ruble today is almost 77 times cheaper than the dollar. It turns out that over the past 30 years, our money relative to “green fantasy” has fallen 77,000 times? A wild fact, which for some reason they do not talk about, the man is indignant.
Therefore, my wife and I believe that keeping savings in the national currency is obviously a stupid idea. We do not do this ourselves and do not advise others. You can use the golden rule: a third of savings in dollars, a third in euros and a third in native currency (just in case).
“It is also surprising how people rush into any crisis. part with. They buy real estate and cars. And they buy when prices have already skyrocketed. Although the same property can not be said that it is constantly becoming more expensive”.
In September 2014, when the dollar was worth about 35, we invested in the purchase of an apartment in a house under construction. 1.8 million rubles at that time was equivalent to 43 thousand dollars.”
As a result, after a year and a half, the real estate market subsided and only $19,000 was offered for our apartment. In other words, it has fallen more than 2 times. Naturally, they didn't sell. Lucky to exchange for a family-friendly option elsewhere.”
“Our rule in a crisis is that it is better to buy what is necessary, get the right clothes or appliances, and keep the money in a reliable currency, rather than rushing to invest it thoughtlessly. If you invest, it is in yourself, not in excess.”
“Therefore, my wife and I will not build a marble fence, but will do with the old slate. But with the money saved, it is better to buy a currency or shares of reliable companies, which in the long run will bring us benefits and give us confidence in the future. And let the neighbors take loans for the next repair. Their right”.
Saving money properly It is just as important as being able to put them off. After all, even those who manage to save some of their income, over time, either spend them, or simply watch as this money melts during the next crisis or price spike. But is buying dollars and euros really the best choice? Maybe you should save and increase your savings in another way?
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