The last weeks of the year are not just a time to summarize personal results. Before the long weekend, results are also evaluated by organizations, in many of which it is customary to reward employees with annual bonuses. Where such motivation exists, bonuses vary according to salaries and results. However, the ratio of bonus to salary is about the same: it doesn’t matter how much you earn, because as your income increases, so do your needs.
What should everyone do? First, you need to please yourself and loved ones – children, parents, spouse and others. You can buy for yourself something that you have been dreaming of for a long time. Up to 10% of the annual bonus can be spent in this category. Maybe these will be small gifts for yourself and your close circle, but their value does not decrease. Such purchases will emotionally support and reinforce the positive impression of the business throughout the year.
Second, you must please others. This could be a charity organized through targeted charity or foundations. Most people think that it is necessary to give for this purpose only when it is provided to everyone: there is a car, an apartment, a house and everything else. Suppose I will only donate large sums in full prosperity and at the same time. In fact, there are many ways to support good causes, even with small amounts. In many charities you can send amounts starting from 100 rubles. Decide how willing you are to please others and the world, and set a comfortable amount.
We send at least 30% of the bonus received to the airbag. If such a pillow is formed, we direct this money to investment. The remaining amount will be used to pay off the loans. Credit, not credit card. If you have spent with a credit card, you have to close it from current expenses. First of all, we extinguish consumer loans (here the rates are higher), then – mortgages.
If there is no loan and mortgage, we direct the entire remaining amount to investments. We choose instruments according to risk readiness and profitability expectations. It can be deposits, stocks, real estate, depending on your knowledge and experience. Deposit and savings accounts are suitable for conservatives. Those with a higher risk appetite should look into stocks or bonds. You can do this on your own or with the help of professionals, or you can use a variety of legal forms for investments, including life insurance contracts. Raising capital to prepay a mortgage may also be a reasonable solution.
When making decisions, it is important to maintain emotional calm and invest money in different baskets to diversify the portfolio. A solid financial strategy and its consistent implementation will bear fruit. Such a simple approach will allow you to live in abundance.
The author expresses his personal opinion, which may not coincide with the editors’ position.