Posts Tagged ‘Fundamental Financial Problems’
Fundamental Financial Problems
It can be said that our financial activities-be it credit card debt, monthly expenses, rent, or bills, home loans can not be removed from our lives. Therefore do not be surprised if a large amount of debt or financial condition directly affects our emotional life, physical, and spiritual.
Imagine when half of your income must be deposited back into your bank to pay off your credit cards every month. This is a sign that you’re driven by money (or debt). Income is no longer a sign that you’re independent, but become a source of stress because some must be used to repay debt.
“Women must build a healthy and honest relationship with money,” says financial expert Suze Orman. “We also need to see this relationship as a reflection of our relationship with ourselves.”
It is important to ensure that our financial condition remains healthy. Suze Orman says, at least five things that indicate that your financial well enough:
1. You realize with a “money personality” you. This can be seen from your family background, whether your parents to invest in property, have a bank account which provides low-interest, mutual funds, or in fact they in debt? Your habit of saving and using money, the way you invest, argued about money, and how the financial perspective, partly shaped by how you treat your parents’ money while you are still small. Your money personality directly affects your relationship with money, and the more you aware of this, the more you’re not dependent on money.
2. You dare to take financial risks. Dare to take risks in financial terms do not always mean that you dare to invest Rp 100 million in new business of a friend, or your hobby shop with a credit card bill until you reach hundreds of million rupiah. Financial risks can also be classified as a smart move, for example if you buy a home as an investment, or looking for ways to earn money from your hobby.
3. You have savings, investments or credit card account itself. Many women who want to leave their husbands, but can not because they do not have my own income to finance their lives. If you have accounts at the bank itself, it already indicates that you are financially independent women.
4. You have financial goals individually or in pairs. Your goal as a married couple, usually the home is being able to pay bills in a matter of few years. Your goal as women’s work is to increase the income of a few million rupiah a month. While the husband may also have their own purpose, but relates to the investment. As women who have the freedom to manage earnings, you should also set goals that are separate from your spouse.
5. You understand fundamental financial problems. Call it about health insurance, pensions, interest, income taxes, and so forth. The more you master financial problems, the more you become independent, because you know what you should do with your money.