How to plan before investing..

How to plan before investing..

If anyone is thinking of investing This article will introduce you in terms of getting started. Before investing, you should study your own asset survey first.

asset survey will allow us to know number of assets we have This makes it possible to evaluate what to invest, how much to invest, and how to invest. to assets after retirement by way of making their own financial statements which will focus on the balance sheet and income statement

A balance sheet is a statement that shows financial position. It consists of liabilities and equity, divided into 4 parts:

cash

Income-generating assets: stocks, deposits, dividends, etc.

Necessary assets: house, car, phone, etc.

Other assets: non-revenue assets such as gold, crypto, etc.

Liabilities will be all loans such as home loans, car loans, including purchases with 0% installments for 10 months.

If allocated and calculated and found that your own financial status is positive able to control debt and have money to spend comfortably in advance Don't be indifferent. Because I have to think about when I retire. for financial freedom after retirement For those who have overflowing with debt must manage to reduce debt as soon as possible and then continue to think about investing

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