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The image of financially competent person (his pattern of thought, his reasons and methods of training for making progress). Setting an object and tasks (not theory but practice).Formation of investment portfolio (how to give a preference to an optimal method of financial management).”It is impossible to think in thousand and to earn millions!”.Many people think: «if I had one million (and not important of euros or dollars), then I could…”
But actually, only one person in one hundred is capable to keep and increase his million living comfortably at the same time, instead of just squandering money. Such people are considered to be financially competent. And one in a hundred is quite optimistic estimation.

Sometimes other people say that money “sticks” to them or they were born to make money as the sparks fly upwards. But such method of approach doesn’t fit for us. And, of course, it doesn’t fit for you! Let’s explain in details. Financial competence is not an ability to earn money. In fact, it’s an ability to keep and increase money that is already available. A person doesn’t have to limit his consumption level essentially. He must understand that saving $10 now will give him $100 profit in future. The main problem is that people think too narrowly. They consider that if they place their funds on a deposit account with a 10% interest it will be a higher aerobatics. And if they divide their money into several deposits in different banks it will be absolutely immoderately. And, of course, it won’t. Financial competence consists in the ability to transform all money into the passive income (notice just into passive, otherwise it becomes business already). Actually it is not important what sum and for what term you are going to deposit, the main thing is that: Money gains Money Always and Everywhere! More Money Gains More Money! Less Money Gains Less Money, But Always and Everywhere!
Every successful person understood this principle, he understood and he will never forget it. Probably some people understood the principle despite that they didn’t even clearly define it. It’s beyond their description but they can sense it intuitively.
You should also get the hang of the situation! The main reason of the financially competent person’s actions is a wish to force his money to gain money. Don’t perceive the phrase generally. Try to penetrate its sense, to gear up for the “wave”. It’s not a law, it doesn’t depend on you but it works per se. You can only adapt it to yourself. If you do it only then you can figure on succeeding.
Object and tasks
1. Write down on a paper your monthly income;
2. Write down, how much you’d like to get;
3. Calculate the difference. This difference will be the beginning of actions. (But it is important to understand, that the passive income it not a business and you won’t get 200 % a month);
4. So, your purpose is to reduce the calculated difference to 0, but that’s not all;
5. Establish the term of achievement of your purpose within one year;
6. Your task is to plan the expenses every month within a year, reducing unnecessary charges (for example, not pay for an idle broadcasting center) and investing all saved money. How and where to invest look further;
7. Besides it, postpone 5 dollars daily.

How to invest

There are lots of ways. To be financially competent is to be able to choose and to use the optimum package of directions, or to tell more correctly to choose their realization. There’s no sense to use all the ways. You should just create a certain portfolio of directions, not more than 2-3, and become a real expert in those exact ways.