Don't buy things that others think that you are rich!

in #assets • 4 years ago

Buying things can make us happy but sometimes we fall into a mindset of consumerism. We buy things to show people that we are rich but not. This can make a problem long term because if we don't have a good cash flow and we keep on buying things that are depreciating in value, it will make us poor.

We need to learn how to create a plan in order for us to enjoy our income and does not compromise our future as well. There is nothing wrong in buying things that make us happy, but just focusing on spending will create a bigger problem on our finances. Instead, learn how to allocate our income to three parts: SAVINGS, NEEDS and WANTS.

Financial Planning can make us utilize our finances well for us to be financially stable whatever risks that might happen to our finances. Learn how to buy assets that can produce income even if we stop working in the future.

Thank you for reading my blog.

Archie Yuki
Financial Adviser

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#savings #planning
4 years ago in #assets by
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