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Personal Finance - Coggle Diagram

- - - - Financial Freedom > less stress more happiness
        Never have to worry about money
        Never have to take up work you don't like
        FIRE (Financially Independent Retire Early)
    - - Living with what you have , what you need.
        Spend less, save more and invest even more
    - - Dollar to Fun Ratio
        How much enjoyment can I get from every dollar.
        Fun divided by dollar
      - Cut back on what you don't need
        Budget tracking to figure out where your money is going
        Reduce and cut back non-essential expenses
      - Always Look for value
        Look for less expensive alternatives
        Look for better value
        ask is it worth my money ? Will it matter ?
        would rather have a cash instead ?
      - Learn to live with less money
        strict budget to live way below your means
      - Always invest money
        saving + investment = financial freedom
      - What are you doing this for? Purpose ?
        Think about details
        How much will it cost and How you will feel
  - - - 1. Understand your Net Worth
      - 2. Build an Emergency Fund
      - 3.Equip yourself with understanding