With the cost of living getting higher and higher, everybody should have the ability to manage his or her finances properly. Managing finance isn’t that hard, because there are actually ways to manage it easily.
As part of the events to commemorate the 52nd Dies Natalis of UGM’s Faculty of Psychology, the faculty invited Sapto Rahardjo, MM., Msi., CFP. He is a director at Goldstone Financial Advisor and also a CFP (Certified Financial Planner) Coordinator at MM FEB UGM. He is invited to come speak and share some tips about financial planning on Friday, (12/11/16) in the faculty’s auditorium.
Sapto states that managing finances is a very important life skill that can help someone reach happiness. Some of the benefits of financial planning include the ability to secure their financial needs, the ability to secure wealth with the accommodation of many financial resources, the opportunity to reach financial security, and last but not least, ‘financial happiness’, which is a condition of satisfaction in finances. Sapto also mentions that in each life cycle there are different financial risks and demands, for example in marriage and retirement. Therefore, this skill is needed for those who want to fulfill their needs in each cycle and live a happy life.
Each person experiences different financial problems, some might find it very hard to save money, some are consumptive and spend too much, some are in debt, some don’t have investments, some don’t have a vision for their finances, and some might find that they are not productive. To counter those issues, Sapto shared some tips for managing finances, some of them are (1) Make a good financial goal, (2) Have savings and investments, (3) Manage your cost of living realistically and economically, (4) Pick safe investments, (5) Stay away from risky investments and practice risk-management in investing, (6) Have passive income resources from monetary instruments and good assets, (7) Own a business in a field that you really understand, (8) Prepare passive income resources from properties, (9) Have a good and solid investing strategy, and lastly (10) Start saving and investing to secure your retirement funds. Hopefully, those tips can be applied in our lives and bring security and success to our finances. [Alifah]