By the age of 40, generally a person is mature in the work that is being cultivated. No wonder he currently occupies a good and strategic position in the office.
When it comes to wealth, apparently there are some habits that can have an impact and must be implemented before you are in your 40s. Anything?
Save and Invest Together
Yes, the relatively decent amount of income each month should be regulated so that it can increase in value. Quoting CNBC Make It, you can share it to save in a savings account, and some to invest.
To make it easier, for example, you can make automatic transfers of 10 percent for saving and 10 percent for investing.
Avoid Hesitating to Quit Your Job Now
The goal is to pursue a promotion or salary increase. At least, by moving offices you can increase your income by up to 30 percent.
This allows you to save and invest more.
Avoid the Luxury Lifestyle
It's not that you can't live comfortably and comfortably when you have some funds from your hard work. But keep setting limits, so you don't go too far. You can set a rule for no more than 30 percent of your monthly salary for lifestyle expenses, for example.
In other words, increasing your income does not mean increasing the cost of your lifestyle. Of course you still need to think about other important costs, such as children's education, and so on.
Avoid Making a Stiff Budget
That's because it has the potential to end up being unable to fulfill you. To overcome this, you can make aggressive budgeting such as saving as much money as possible.
Automating all bill payments also keeps you from being complacent to spend money in accounts that seem like a lot. On the other hand, if it has been distributed automatically, then the remaining money in your account is the only one you can spend.
Build Professional Relationships Early in Your Career
Building a professional relationship should not be taken as something scary. In the future, it can open various opportunities to be achieved, ranging from information, knowledge, to business or career opportunities.
Checking Credit Report Every Month
Are you active using a credit card or paylater every month? Make sure you keep checking and don't forget to pay it, because the interest and fines make you have to spend some extra money for it.
If it's not urgent, you shouldn't need to use it or prefer to pay in full.
Take advantage of Financial Advisory Services
Although not everyone needs this service, it is very important for those who do not know how to invest, save and manage other expenses. Especially if you find it difficult to manage finances so far.