financial management tips money

Follow This Japanese Way of Saving Guaranteed to Make You Rich Quickly!

Posted on

Besides being tenacious and hardworking, Japanese people also adopt a frugal lifestyle by not wasting on things that are not needed. Therefore, Pintek wants to share how to like the Japanese to get rich quickly.

The method of saving done mainly by Japanese people is to keep using the Kakeibo method, which has been popular in Japan since 1994 and is still being applied today.

Also Read: How To Make From The Internet To Get Rich Quickly!

For more details, let's see the full review below. But before that, first, understand the reasons for the importance of saving.

READ ALSO:  Choose Education Insurance or Education Savings?

The importance of saving

For some people in Indonesia, tips for saving using the Kakeibo method are still foreign. The reason is, every person in Indonesia has a way of keeping that has existed for a long time.

No need to go far; since childhood, our parents have taught us to set aside pocket to save in a piggy bank. Not only that, even in schools, teachers require their students to keep and record it in a book regularly.

Unfortunately, as time goes by, the tradition of saving applied since childhood seems to have been swallowed up by the earth. Not a few people always fail to protect themselves because of the high needs of life.

[the_ad_placement id=”before-content”]

Even though whatever income you get, you still have to set aside your money to save for a better future. To manage finances, you can apply the 50/20/30 theory popularized by Elizabeth Warren.

Warren, who works as a professor at Harvard University and a financial expert in the United States, suggests that we divide our income into three economic posts, such as:

Fifty percent for daily needs, including paying installments.
Twenty percent is diverted to and investment.
Thirty percent can meet lifestyle needs such as shopping to hanging out in cafes.
Applying this theory guarantees that you can fulfill all your needs without worrying about the money that always runs out after payday.

Also Read 6 Unique Traditional Ways of in the Style of the Ancients, Time for Nostalgia!

Kaleb, the Japanese way of saving

Japanese people follow the Kakebo method to control all to a minimum. The technique is also relatively easy, namely by recording every detail of the money they have spent and evaluating it every week.

So, at the beginning of each month, they will record all the money used for one month for daily needs.

READ ALSO:  How to track a lost cellphone in 4 easy steps

In practice, Japanese people will usually divide spending into four categories, such as:

The first category was diverted for the purposes of school fees, meals, transportation, health, installments, and others.
The second category will be used for optional needs such as shopping to eating out.
The third category is for entertainment needs such as the internet, sightseeing, etc.
The fourth category is extra that can also be unexpected .
After diverting spending to these four categories, they will only record in detail how much money can be set aside for savings. All these expenses must be recorded at the beginning of each month to make it easier if something goes wrong or must be corrected.

Every week, they will evaluate whether the money spent follows their posts.

Also Read: How to Manage Healthy Finances from Financial Experts!

That way, they will overview daily, weekly and monthly expenses. To support the implementation of saving using the Kakeibo method, they will also save all shopping receipts.

Saving with the Kakeibo method does sound old-fashioned. However, if done consistently, the money in your savings will be a mountain.

Tips to make money more abundant

bills-cash-dollars

Saving is indeed one way to make you have a lot of money. But so that your money becomes more abundant and gets rich quickly, you can transfer your wealth by jumping into the business sector. Why business?

[the_ad id=”86″]

As you know, business is a way to make a lot of money. The majority of billionaires are entrepreneurs. However, you must carefully choose a business sector that can provide you with large amounts of money, and the education business is the right choice.

This is felt by many business actors who claim that their business remains stable and even gets a drastic increase in turnover while working in the education sector, one of which is experienced by Yahto Dwi Husodo, owner of PT Ambali.

READ ALSO:  Prepare your family financially for baby? These 15 tasks will help

“Since joining SIPLah, my turnover has increased enormously. Even within one year, I can reap a turnover of more than Rp 5 billion. I focus on selling educational products such as books, stationery to electronic learning media, namely laptops, computers and others,” said Yahto.

Yahoo added that in 2022, he has a target of IDR 18 billion just by selling books, and the man who is familiarly called Dodo only focuses on finding customers. He relies on Pintek for funding problems.

“Pintek really helped me with the financing problems I was having. The loan limit is large, the application process is easy and the disbursement is very fast. Thank you Pintek for realizing my dream as a businessman,” added Yahto.

From the story of Mr. Yahto, who was successful in running a business in the education sector, we can learn that nothing is impossible in this world. As long as it is done in earnest, the results obtained will also be maximal.

Therefore, there is no need to hesitate to jump into the business world. Even though it started as a small business, your business can become a giant and generate a lot of profits with hard work.

[the_ad id=”87″]

As with other educational SMEs, you can rely on Pintek to solve all your funding problems.

Through the PO/Invoice Funding product, educational education SMEs can get funding of up to billions of rupiah with a tenor of up to 24 months. The interest charged is also competitive, starting from 0.9 percent to 2.5 percent depending on credit scoring.