Top 7+1 personal finance

advices to consider
Catalina Popescu
Ilona Chaiko
Katrina Dankovska
Nikita Zdobnovs
1. Start with
investing in
yourself
2. Invest early and often

• The most common regret people

tell me is not investing
earlier. You’ll never regret
investing too much into a broad-
based index fund.
3. Save, save, save

• Save more money than you think

you might need. Cash builds a
fortress between you and your
problems. For example, having
enough cash saved you would be
able to quit your full time job and
start working on yourself.
4. Keep in mind the compound interest

Let’s say you have $1,000 in a savings account that

earns 5% in annual interest. In year one, you’d earn
$50, giving you a new balance of $1,050. In year two,
you would earn 5% on the larger balance of $1,050,
which is $52.50—giving you a new balance of
$1,102.50 at the end of year two.
5. “Renting out • Your employer pays you the least amount of money
possible. There are only so many hours of the day you can
your time won’t work. To become wealthy you must build or own equity
make you wealthy” through business.

You
Your employer
6.Focus on your goals, don’t
copy other people’s path.

•  Everyone’s got an opinion on what to buy

and what’s the hottest thing on the market.
Stick to your financial system while doing
your own research and thinking.
7. Build multiple passive income
streams
8. Money ONLY solves • After taking care of your basic needs, money
stops giving you happiness. Recognize that
your money problems. the point of winning the money game is so
you can stop playing it.