Video
How I Manage My Money – Income, Expenses, Budget
This video will show you how she tracks her finances in her 20s. It includes her income, expenses, budget, net income, and some information she needs to file her taxes when the time comes (business expenses, business income). When she first learned how to track her money, it was a bit overwhelming. It was overwhelming, even though it seemed so simple. It turns out that once you have your system set up, it is very easy to incorporate it into your month-end routine. Although she wishes they had taught her more about managing finances at school, the internet makes it easy to find information. Although she is not an expert in this area, she thought it might be useful to you, or give you some ideas about how to manage your money.
Money management requires 90% discipline and 10% knowledge. You must establish a budget and know where your money goes after taxes. Your budget should only be 50% spent on essentials vital to your life. These are the things you cannot live without. You should spend 30% on something that brings joy and happiness but are not essential to your life. (Dining out, entertainment, hobbies, etc.) The remaining 20% should be used to save, pay off debt, and plan for retirement.
Warren Buffett shares 3 core principles for stock market investing. These principles are simple but so vital. Buffett generously explains them all in detail. Our hope is that you enjoy it and take away a valuable lesson. Warren E. Buffett, an American long-term investor and philanthropist is the chairman & chief executive officer of Berkshire Hathaway. Buffett is regarded as one of the greatest investors in the world, with a net worth exceeding 100 billion dollars. Buffett was born in Omaha Nebraska. In his youth, Buffett was interested in investing and business. He made incredible stock market returns throughout his career.
To win in personal finance, there is a simple formula. It’s simple: Make more money than what you spend. It’s not easy in practice. Our money is often lost. No matter how careful we are with our money, it seems that every bank account has its own agenda. This video will explain how to manage money, and the myths, pressures, and misconceptions surrounding it.
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