Recomndation of financial strategy (Mark Cuban) II Topic #7

Three financial proposals based on Mark Cuban

As we know, Mark Cuban spent his twenties fighting for his life before he became a millionaire. Due to the large amount, his credit card is reduced and he is able to continue working several part-time jobs to earn money. I have 5 financial pieces of advice to share.

"According to Mark Cuban, there are some secrets to financial health.

1. Don't let credit card debt pile up in your life.
   In the Cuban spirit he has long advised not to pile up credit card debt. So he says, "If you use a credit card, pay the full amount by the due date." For example, according to Cuban, it doesn't matter if you have a loan or a car. But make sure you make the monthly payments. Because according to Cuban opinion, credit card interest is the worst investment in the world. Also, with plenty of credits, you can manage the money you have each month. In fact, Cuban learned these lessons at a young age.

2. Don't force yourself to buy something you can't buy
   Her second piece of advice from another Cuban is to "live like a student." Also, don't waste your money buying things you don't really need, especially if you can't afford to buy them.
   "Living like a student" means that you really have to think of everything in order to buy something. Since students usually have money, they need to practice saving habits. 3) Spent enough money to cover one year's expenses, invested and saved some money.
   Year-round expense management is very important for anyone who wants to be good at financial management. Cuban recommends that he doesn't shop once a month, but that he shops year-round for basic needs. Not only do we save you 20%, but it's important that this is the best investment we can make. In fact, experts like Warren Buffett recommend saving frequently each month. It had a big impact on my future. A year of savings means you can start investing and invest in something worthwhile next time.