Financial Literacy Tips by Raditya Dika – Raditya Dika is not only famous for his stand up comedy and books. Currently he is also active on the channel youtubenya and share various life tips, one of which is financial literacy tips!
In the youtube video, Raditya Dika shares 15 financial tips that he has practiced himself since the beginning of his career until now. These tips are what allow him to have extraordinary wealth assets and financial freedom.
Curious what things Raditya Dika did to achieve financial freedom? Here are 15 financial tips by Raditya Dika that you can apply every day! Let's see together!
15 Tips for Financial Literacy by Raditya Dika
Here are 15 financial tips from Raditya Dika that can help you manage your personal and family financial conditions.
1. Buy Items for Yourself, Not for Others
Make sure the items you buy do have maximum value for your own happiness, not because you are following a trend or wanting to be liked by others. If the item can really make you happy, then you will definitely take good care of the item. While items to amaze others will only be of good value in the beginning.
2. Time is the Best Friend for Investment
The longer you keep money in the form of investments, the greater the profit you will get from investment interest. You can take advantage of this to start investing early.
3. Money Out Must Be Less Than Money In
The main rule in finance is that money out must be less than money in. If the money comes out bigger, then you will experience financial difficulties and potentially get into debt. Don't let the pegs be bigger than the poles!
4. Don't owe and don't give debt
Never owe and give debt to other parties. Debt problems will be difficult dependents in the future. In addition, debt can also damage personal relationships with other people. The only debt that can be taken is debt to buy an asset that will grow in the future, for example a house.
5. Pay cash, don't use a debit or credit card
Always pay with cash, avoid using debit and credit cards. The reason is that we can feel for ourselves the physical money we have and feel 'pain' when our money is reduced.
6. Unlock Multiple Income Streams
Open multiple streams of income so you can earn more. One thing to note, salary is not the same as income. You can get income by opening a business, creating an e-book, Youtube channel, etc. You can adjust it according to the skills you have.
7. Learn and Choose the Right Investment Instrument
Before you start investing, you should first study the investment instrument that is most suitable for your financial situation. If you are still a novice investor, you should choose an investment whose profit is not too high. You can also invest in various types of stock instruments to get the maximum profit. Of course, study the stock first!
8. Increased Income, Fixed Expenses
Increased income does not mean expenses are also increasing. Even if the salary increases, our lifestyle must remain the same as before in order to save and invest. Allocate the increased salary to the right investment sector so that you can enjoy the results in the future.
9. Create a Detailed Budget
Make a list of monthly income and expenses, then determine the budget in detail. The goal is that you can find out how much you need to spend each month. Also make sure you set a minimum investment budget of 10% from income.
10. Buy Experiences, Not Items
The feeling when using money for experiences will leave you feeling more happy, than if you use it to buy things. You can share these valuable experiences with loved ones, unlike goods.
11. Think about the cost of using goods before buying
You can judge how much the otter costs and its durability. For example, you want to buy a belt for Rp. 100,000, but its durability can only be used for 1 year. It's better if you buy a belt for Rp. 1,000,000, but it can last up to tens of years.
12. Shop Alone, Don't Invite Friends
Shopping with friends is fun, but they can also be a temptation for you. For example, you actually just want to buy a shirt, but because of a friend's temptation, you end up buying trousers too.
13. Pay Taxes and Make Donations
No matter how big your income is, don't forget the obligation to pay taxes. In addition, you can also make donations to people in need. In addition to helping people, the donation money will also give you its own happiness.
14. Commitment and Focus
Cultivating healthy financial behavior requires long-term commitment and focus. It takes hard work and discipline to get used to it. It's hard at first, but you'll get used to it.
15. Find a partner with Healthy Financial Behavior
Lastly and most importantly, find a partner whose behavior with money is healthy and in line with yours. Communicate the ideal financial behavior like what you want with your partner.
Those are 15 financial literacy tips by Raditya Dika that have been proven effective to help you manage your finances. Hopefully it's useful for managing your finances!