May 03, 2022

Finance Starter

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" The world is beautiful for those who are beautiful inside "

Learning Reading Personal Development Finance

Focus on long term

Never spend all your paycheck in one day.

Try to calculate all your expenses.


Assets and Liabilities

Assets is something that will make money go into your wallet, liabilities is something that will make your money go away from your wallet.

Always focus on assets because this will affect you a lot in the long term.

Not all the liabilities are bad though, for example food, house rent, and insurance. What you wanna do is always try to mitigate all your expenses on liabilities.

Try to begin investing in the stock market or real estate.


Retire early could possible

You could retire from working something that you don’t wanna do and have passive income.

Retiring early means you have financial freedom.


Conclusion

Learning finance is really important because being rich is a consequence of good financial intelligence. Software developers need to understand more about finance because it will benefit your life in the long term. You need to make your money work for you as well, if you just rely on your income you will get nowhere, you need to basically figure out a way to make money come into your wallet continuously.