It is not necessary to have huge incomes for the formation of savings, it is much more important to avoid strategic mistakes, which the former Minister of Finance, President and Chairman of the Board of Otkrytie Bank Mikhail Zadornov told about on Friday, October 22.
The financier named three mistakes that hinder not only the start of a useful accumulation business, but also hinder their growth. The first strategic failure in saving is fear of taking risks. The base of the savings portfolio should be formed from instruments with different degrees of protection: solid and risk-free and with an increased element of risk.
The second erroneous step can be the conviction that you need to find one guaranteed profitable instrument and send all the funds there. In savings, it is more efficient to separate cash flows. Then the income of one group of investment instruments will compensate for the loss from another.
The third mistake on the way to the savings portfolio Zadornov called the obsession with large amounts to replenish the piggy bank. The money spent on seemingly necessary little things can become start-up capital or regular replenishment of the accumulation resource.
“For successful investment, it is useful to develop a habit: having received any income, immediately postpone some amount. The only thing worth making efforts for is our future and we need to take care of it methodically and today, ”Zadornov shared with“RIA News“.
The day before, on October 20, it became known what amount per month Russians consider sufficient for a comfortable life and the formation of savings. The results of the study of the quality of life of citizens showed that 47% of the respondents would be sufficient 40–70 thousand rubles a month.
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