Women who know how to save will change the future, don’t believe you just look at these 3 mirrors and it will be clear
Not everyone is born “with a golden spoon” or “at the finish line”. If you are not from a wealthy family, don’t be sad because many examples of self-made billionaires or poor families who know how to save can still be rich to inspire.
Many women just by saving can get billions, or retirement even at a very young age. Are you curious how they do it, follow their story below.
1. The 26-year-old girl saved more than 2 billion within 3 years
Jeraldine Phneah – a Chinese financial blogger now living in Singapore saved 2 billion at the age of 26. Jeraldine often shares how to spend, manage finances, even shop for personal items for about 50 USD (1.1 million). In 3 and a half years, she has saved $100,000 (2.3 billion).
Jeraldine Phneah – a Chinese financial blogger now living in Singapore saved 2 billion at the age of 26.
Doing:
Jeraldine Phneah has an extremely minimalist lifestyle. Instead of spending 130 USD / month (3 million) like many people for electricity, water, garbage …, Jeraldine Phneah tries to reduce it to less than 50 USD (1.1 million), which is halved. She also doesn’t watch TV, only turning on the air conditioner when it’s too hot.
Above all, she maintains an extremely minimalist lifestyle. While the average Singaporean spends 130 USD/month on electricity, water, and garbage bills, she always maintains this level below 50 USD (1.1 million). She doesn’t even use the TV, only occasionally turning on the air conditioner a few times a month.
Especially the attitude when shopping is the decisive thing to help Jeraldine Phneah save more. Specifically, she didn’t make any wrong purchases, but strictly followed the plan she set out, buying only what she needed to use. Jeraldine Phneah also does not follow online sales sites, KOLs on social networks. This keeps her from getting caught up in or coveting a fast-paced consumer life.
Jeraldine Phneah often cooks for herself at home. In her wedding, she organized it very simply with wedding flowers bought at the market, homemade dresses and a few days of honeymoon in Vietnam.
The motivation of the young girl who wants to save money is to need a stable financial future. Jeraldine has seen 40-50 year olds lose their jobs and struggle at an age when they need a break. Jeraldine is afraid that if she does not manage her finances well, she will one day not be able to retire.
2. Born in a poor family, the girl saved nearly 4 billion dong in 5 years
Zhan Ziqing (China) currently works 10 different jobs. Originally from a low-income family, Zhan Ziqing tried to save as much as possible after 5 years of working. As a result, she owns her own house.
Zhan Ziqing saved nearly 4 billion dong in 5 years.
Doing:
There is a very important money saving rule, that is, after subtracting fixed expenses and savings from his income, the remaining amount Zhan Ziqing uses to spend every month. “It sounds very simple, but many people don’t do it.” She emphasized, if you want to save money effectively, you must follow this rule and strictly control spending to gradually achieve the goal.
Zhan Ziqing has a salary of 30,000 yuan (108 million/month), in addition to the monthly rent of 10,000 yuan (36.1 million), she has to deduct 6,000 yuan (ie 21 million) for fixed costs such as electricity. water, gas, cell phone, insurance and other expenses.
The so-called “fixed expenditure” means that it cannot be changed and is known to pay each month. After deducting the above expenses, leaving 14,000 yuan (50.5 million), she will take out 6,000 yuan (21.6 million) in savings.
Until now, with enough money to buy a house, Zhan Ziqing will transfer the rent amount of 10,000 yuan (36.1 million) per month into a savings account instead of improving his living conditions. Her savings are also divided into 4 different funds, each with a term of 2-5 years. “Because you hold it for a long time, interest helps money make money.” This also allows Zhan Ziqing to save 1 million yuan (3.6 billion) in just 5 years from age 18 to 23.
3. At the age of 26, he saved 2.3 billion dong, aiming for early retirement
At the age of 26, Tori Dunlap (living in the US) has completed her first financial goal: saving 100,000 USD (2.3 billion VND). For many young people in their 20s and 30s, early retirement is just a pipe dream. But for this American TikTok influencer and financial blogger Tori Dunlap, her non-work days are fast approaching.
At the age of 26, Tori Dunlap (living in the US) has completed her first financial goal: saving 100,000 USD (2.3 billion VND).
She revealed the way to help you retire early at the age of 26 is to live frugally. In addition to the money saved from the income source, Tori Dunlap also saves all the money he can add to his business.
Tori Dunlap automates savings accounts and creates an emergency fund. This was completely automatic, so she didn’t have to think about it much. The automatic saving is that she is paying herself first. Which means before you pay your rent or buy groceries, you’re paying for yourself. You are your own first bill.
Dunlap also created an emergency fund when you first started saving. An emergency fund is a cushion for unexpected life events that throw finances into turmoil. “I keep at least three months of living expenses in a high-interest savings account“, she added.
at Blogtuan.info – Source: Afamily.vn – Read the original article here
