https://www.facebook.com/groups/englishskillup/permalink/2157113357880335/

How we could make money? There are many ways as you know.

  1. Working Revenue

Being a company worker, we could get salary per month. It is fundamental seed money. Nowadays it is very hard to get a job but after getting it, sometime we complains own income and compare to other's higher bonus.

  1. Low Spending

Whatever higher the salary, if we spend too much then we could be flat broken. So keeping tight in budget is very important. If we don't know what is left in bank account and monthly spending is very fluctuated, we should be cautious about your future stability.

  1. Business Income

If you're a business man, we could get much big money from selling and contracts. Seeing my friends and seniors, they could make much money and have luxurious car, but sometimes they are anxious bout future uncertainty. Business has much risks rather than regular workers but it is gorgeous in the point of the way of life.

  1. Investment

I am not good at investment but if we save some money from earning minus spending, they could be extra money a.k.a "real" seed money. There are so many ways to invest but among them, 'real estate' would be most effective. It is another specialty but we could begin with own analysis of my village where I stay. What do you think of its value would increase or decrease in the future? What is your evidence? Chaining question and answer would be a good practice for sensing real estate.

  1. Pension

For elder life, we need some shield for financial status. There are many kinds of pension from national and private sector. I don't have any specific opinion but I recommend at least one private pension plan in addition to national pension fund.

It is very simple and incomplete suggestion for making money but I would be happy if it is helpful for anybody :-)

I expect colorful topics from you guys.

2018.10.14

#Mike #week2 #finance