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The Chinese Way of Managing Personal Finance
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[QUOTE="Suba, post: 230078, member: 3658"] Wherever you live, of course you will easily find Chinese people, what we see are their differences with domestic people or natives, of course there are differences and most Chinese people's finances are better than natives. Of course there is a "secret", In general, (Chinese) parents already have a basic concept in educating children, since childhood they have been educated and directed what they want to be when they grow up. In this thread I will try to reveal their secret, which may be used as inspiration or even imitated. There are 5 secrets, the Chinese way of managing personal finances are as follows: 1. Must save money Chinese people have to get used to saving at least 50% of their income, they will save and do whatever work so that expenses are not greater than savings. 2 - Accustomed To Hard Work. In general, Chinese people, do not choose the type of work, they work with focus and enthusiasm to get the maximum possible results. Business or trade them only earn a small profit, so that their wares sell well, and the level of sales increases. 3. Life is simple and accustomed to using cheap goods. Chinese people will not force to buy expensive goods, unless the goods are really needed. 4. Abstain from debt Avoid debt if it is only to meet daily needs or just to fulfill the pleasures of life, they only owe if they are pressed, it is also calculated in the future. 5. Invest When their savings have accumulated a lot, the Chinese will immediately invest, either in property or stocks. So Chinese people are good at managing personal finances, knowing what income and how much to spend as expenses. [/QUOTE]
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