1. Learn Self-Control
Although you can effortlessly buy an item on credit the minute you want it, it’s better to wait until you’ve actually saved up the money for the purchase. Credit cards are convenient, and paying them off on time helps you build a good credit rating. However, credit card debt is the number one obstacle to getting ahead financially. If you make a habit of putting all your purchases on credit cards despite not being able to pay your bill in full at the end of the month, then you might still be paying for those items in 10 years.
2. Enhance your financial knowledge
Instead of relying on others for advice, take charge and read a few basic books on personal finance or perhaps to learn it from online such as websites, blogs, and social media sites. Once you’re armed with knowledge, don’t let anyone catch you off guard—whether it’s a significant other who slowly siphons off your bank account or friends who want you to go out and blow tons of money with them every weekend.
3. Stick to a Budget
Spend smart by planning a budget on your monthly expenses to know where your money goes. It is important to make sure that your expenses aren’t exceeding your income and savings. Starting to make small and manageable changes in your everyday expenses can have as big an impact on your financial situation as getting a raise.
4. Start an Emergency Fund
Having money in savings to use for emergencies can keep you out of trouble financially and help you sleep better at night. Also, it is good if you have the habit of saving money by resolving to set aside a minimum of 5% of your salary for savings before you start paying the bills. Instead of just putting your fund into a standard savings account, try to put it in a different high interest online savings account like a money market account and certificate of deposit (CD).
5. Start Saving for Retirement
Just as your parents probably sent you off to kindergarten with high hopes of preparing you for success in a world that seemed eons away, you need to plan for your retirement well in advance. Especially to start saving for your retirement in your 20s after you get your first job. The sooner you start saving, the less principal you’ll have to invest to end up with the amount that you need to retire.
6. Review Your Insurance Coverages
Too many people are talked into paying too much for life and disability insurance, whether it's by adding these coverages to car loans, buying whole-life insurance policies when term-life makes more sense, or buying life insurance when you have no dependents. On the other hand, it's important that you have enough insurance to protect your dependents and your income in the case of death or disability.
7. Protect Your Wealth
To make sure that all of your hard-earned money doesn’t vanish, you’ll need to take steps to protect it. Here are some steps to think about, even if you can’t afford them all right now:
If you rent, get renters insurance to protect the contents of your place from events such as burglary or fire. Read the policy carefully to see what’s covered and what isn’t.
Disability insurance protects your greatest asset—the ability to earn an income—by providing you with a steady income if you ever become unable to work for an extended period of time due to illness or injury.
If you want help managing your money, find a fee-only financial planner to provide unbiased advice that’s in your best interest, rather than a commission-based financial advisor, who earns money when you sign up with the investments that their company backs. The latter has a potentially divided loyalty (to their company’s bottom line, and to you), while the former has no incentive to guide you down a wrong path.
You’ll also want to protect your money from taxes—which is easy to do with a retirement account—and from inflation, which you can do by making sure that all of your money is earning interest. There are a variety of vehicles in which you can invest your savings, such as high-interest savings accounts, money market funds, CDs, stocks, bonds, and mutual funds. The first three are relatively free of risk, while the remaining three carry greater possibilities for financial setbacks but also greater possibilities for monetary rewards. Learning about investing is an important skill for building up your savings—and, eventually, building wealth.
极具爆发力的潜力股
天高云淡风清，放眼望去，眼界格外开阔，更决定了一个人的座次。马来西亚旅游业一直都是极具爆发力的潜力股，与房地产结合后有着不容小觑的综合效应。旅游房产和旅游地点存在互惠互利的关系，只有稳妥的旅游地点，才能促成旅游房产项目的成就。身为一名谨慎的房地产投资者，我们应该如何选择万无一失的旅游房产呢？
清楚自己的经济能力
房地产投资是一门学问，想要有真正的利润，首先要先清楚自己的经济能力，了解自己有多少资金可以进行投资。倘若没有巨额的投资基金，选择低门槛的投资项目绝对可以减少忧虑。
选择优质地段
地段的好与坏足以影响房地产价格，尤其是旅游房产更会因为该景点的成败而决定其投资价值。“唇亡齿寒”的道理在旅游房产更为明显。云顶世界在过去数十年都为国家带来可观的收益，也是扬名国际的旅游地点，绝对是稳定和优质的投资地段。
计算利润
以投资为主的旅游房产确保回筹的稳定性。假设你没有相关的产业管理知识和时间，一家信誉良好的管理公司就扮演了尤其重要的角色。
完整的设施
虽说旅游景点设施齐全，但房地产项目内的设施也十分重要。无论是屋内的装潢与家私陈设，还是项目内的共用设备，整体性的和谐感才能让住客留下深刻的印象。
发展的全面性
旅游房产大多偏离主要行政中心。在这情况之下，精明的投资者务必了解并分析该旅游景点的人流量和住宿入住率。另外，倘若该地点拥有道路、学校、购物中心、医疗设施等设备和足够的工作机会，那便足以成就一个完整的社区，距离的因素也不足以威胁投资价值。