How cleverly to spend money, and not to sit without a penny

Security

Suppose a certain person earns a certain amount of money, for example, the equivalent of $ 400 per month. How can this conditional person, let's call him Vladimir, learn how to spend money correctly?

First of all, he needs to save and save, as our respected American financial mentors teach - 10 percent of any income.

It is quite reasonable and affordable to set aside $ 40 a month. For one year, he accumulated an amount of (40 × 12 = 480 dollars). The first part of financial security is stored in the national currency, equivalent to $ 480. The second part of the financial security appears after a year in the amount of $ 480 saved, and a year later - the amount in euros, equivalent to $ 480. It turns out such a table of accumulations of our hero. Thus, for three years, Vladimir from his salary created a “pillow” of financial security in cash, access to which was maximally facilitated and insured against the risk of currency fluctuations.

Go ahead.Suppose that Vladimir continues to earn no less money. Having accumulated $ 480 for the fourth year, he places them on a deposit in a bank in national currency at 20 percent per annum. In the fifth year, he invests in a deposit in dollars at 10 percent, and in the sixth year in euros at 10 percent. Again, Vladimir secured himself from currency fluctuations and began to receive passive income. Deposits Vladimir placed in different banks: large state, commercial and a bank with foreign capital. Thus, using the above strategy, Vladimir, spending $ 360 a month on his material needs, for six years without any tension creates for himself a zone of financial security and a small source of passive income.

How to learn how to spend money

If you think about the long term, then Vladimir should invest in gold and other precious metals, such as silver, for example.

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