Open F2F Class Notes 24th June (Daniel)

Recession – decline in economy

My financial management strategy
I had never thought about managing my finance before I got married. But now, I’m pretty sure it is the time to secure our future by investment. I read some articles and got some ideas about financial management. In conclusion, firstly, never put all your money into banks. The low interest rate can’t cover the high inflation rate. Secondly, make having three to six months household expenditure saved in case something happens and buying insurance for your family. Thirdly, invest the rest of your, and break down them into conservative investment, including money bond or stock bond, and aggressive investment, like stock, real estate, investing a company, etc. invest a suitable amount according to your financial condition, just remember that do not put your eggs in one basket.
Lastly, the best investment is investing in yourself!