Everything You Need to Know about Finance for Beginners to Intermediates

This is everything you need to know about Finance for beginners to intermediates. You want to write all of your money down so you can keep track of it. You want to do a financial rule like the 70/20/10 rule or the 75/15/10 rule. You want to invest in assets not liabilities. You want to invest for the long term not the short term. Spend less than you make. Invest frequently, save frequently also.

Write All Your Money down

Write all your money down. Write down your income and expenses. You can see where your money comes from and where it goes and you can see what not to spend next time. You can see easier how to spend less than you make.

Do the 70/20/10 rule

If you follow this rule you’ll be able to divide your money into three sections, 70% for spending, 20% to invest or paying off debt and 10% to savings.

Assets are Something that puts Money into Your Pockets, Liabilities are Something that Takes Money out of Your Pockets

The Rich Own Assets, The Poor and Middle Class Own Liabilities they think are Assets

There’s 7 to 10 Different Assets to Invest in

Stocks, Bonds, Etf’s. Real Estate. Your own Business or businesses, other people’s businesses. Your own Knowledge. Precious Metals.

Invest for the Long Term not the Short Term

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Everything You Need to Know about Finance for Beginners to Intermediates