9 rules everyone needs to know about money

Earning more money, spending money on insurance . are rules everyone should know about money.

1. Need to earn more than pepper

Basically, at the end of the day you have to try to make more money than you have previously spent, so you can be sure of the next payment. Of course, short-term loans or debit cards can help you survive for a short time, but it is not a safe and long-term solution.

2. Save money as soon as possible

Of course, the sooner the savings, the more wealth will increase.

3. The more risky, the greater the profit

If you want to deposit your short-term savings in a safe place like a bank account, you have exchanged the high profitability of that money. If you take risks and invest in stocks, you will earn more in the long term.

That is why short-term savings should be put into banks or safe investments are synonymous with low interest rates, and higher-risk securities (according to the portfolio) are often Option for long-term savings.

4. Use money flexibly

The Americans have a saying: 'Never leave all the eggs you have in the same basket'. For money, too, the more flexible, the more ways to invest or store less risks.

5. Be wary and cautious about every investment decision

Identifying the "thieves", business partners with intrigue . is the simplest way to help you avoid the risks in business, thereby preserving your money. In addition, things like reviewing your bill through a monthly bank card or all previous expenses will help you avoid invisible "thieves."

6. Spend some money on insurance

Many people claim that they are optimistic about their immediate life and do not need to spend any money on insurance. In fact, this concept is completely wrong. Your life will be 'easier' when you are assured of your health, home .

7. There is an automatic savings

Every month you allow a bank to deduct a certain amount of money to put into a savings account will not only help you not to worry about whether to send or not but also ensure that you always have a savings' room. '.

8. Minimize debt

Debt is not entirely bad, it can help you invest well and earn more money, but you don't have enough money. However, it will be a problem if your debt gets bigger and bigger, even to the point of losing control.

9. Never stop learning

The financial industry changes every day with new products, new service fees and lots of new ways to save and spend money. Therefore, to make sure you can make the best decisions for your own financial problems, you should read the news, books and learn daily.