Tokio Godo deposited USD2.8M by 33 years old ! The amazing secret is exposed, and saving money is as simple as drinking water to follow his thoughts.
Do you work hard every day to make a living, but seeing the soaring merchandising prices and housing prices, the think to continue to work harder, but haven’t saved much money even months has passed. Do you want to get rid of this situation and save money? A financial manager is at his 33 years old and owns 300M JPY assets (approximately 137M Peso) and he revealed his secret to saving money.
Tokio Godo, a well-known Japanese financial management expert, revealed in his books "The Art of Making Money at the Age of 300 Million Yen at the Age of 33" and "Building a Rich Brain: The Secret of a 30-fold Increase in Annual Income", it is revealed that many people cannot save money. The key is not the amount of salary, but the fact that he can't keep his wealth at all. He shares his experience. If he wants to save money, he must first have a clear goal and the number must not be too far away. And through 6 small changes in life, you can slowly save a sum of money. After you save the money, you can start investing. The money rolls out to increase your assets.
Tokio Godo was born in Okayama Prefecture, Japan in 1971 and graduated from the Department of Economics of Chuo University. After graduating, he first engaged in freelance work and worked in an accounting firm and chain convenience store headquarters in Tokyo, and then worked in a world-renowned strategic management consulting company. He stated that he had increased his deposit from 700,000 yen to 4 million yen in half a year, and then began to invest in real estate and foreign exchange margin trading, allowing him to accumulate 300 million yen in assets in a year, in addition to increasing income.
He revealed some of his good habits that are easy to save money:
1. Move less
If you are renting a house, the cost of the rent should be about 20-30% of your salary. Assuming a young person's monthly income is 30,000 Pesos, for example, it is recommended that the monthly rent be about 6,000-9,000 Pesos. In addition, try to avoid moving house, because it’s not only time-consuming, but moving and buying new electrical appliances and furniture are also considerable expenses.
2. Forced savings
It's not about spending the remaining money to save it, but at least 20% of your monthly income is a mandatory requirement to save it yourself, and you must never spend it, and then use the remaining money as living expenses. Because the amount of money available is small, one has to restrain desire.
3. Cut out the credit card
Credit cards do have a lot of rewards, bonuses, etc., but sometimes it makes people’s brain waves weak. When you see something you like clearly surpass your ability, you will also swipe your card and pay in installments. It can be said that "It’s painless to use, and it hurts to pay.” I suggest using cash instead.
4. Shop less in convenient store
Although the convenient stores are very dense and the items are diversified, Tokio Godo believes that convenience stores not only usually sell at higher prices, but also have many promotional methods that make people unknowingly buy too much and spend more.
5. Buy less new clothes
Tokio Godo recommends that unless necessary, it is best not to buy new clothes and shoes within three years, especially fast-fashion and cheap clothing. Most of them are of poor quality. In the sense of fashion, you might not want to wear them next year after a long period of wear, and it is difficult to sell second-hand clothes.
6. Reward yourself is an illusion
Many people often have "reward yourself today" because they are busy with work or get bonuses. Although it is necessary to relax and enjoy, don't use it too often. Give up shopping and eating to satisfy yourself. Get used to saving money.
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