Investment 2 ( Clear Debt)

How to clear debt. After check healt personal finace Mr.Jo they fond loan. This status can't investment because the return from investment can't fight the interest from Debt. Better way Mr.Jo should clear Debt first.
Loan List:

1. Credit card 8,500 $
2. Car 300 $ per month (Fixed Pay)

Step:

1. Asset and Saving.
- Fixed Asset 3000 $
- Long term bond 1000 $ (Can't touch)
2. Check Income (Only one for Income)
- Income 1200 $ per month

3. Pay Dept (Income 1,200 $)
- Pay for Car 300 $
- Pay Credit card 10 % 850 $
*** 1200-300-850= 50 $ ****

From information Mr. Jo have only 50 $ for cost of living , this money is not enoght. Minimum living cost should be 300 $ per month.

Solution:

1. Sale Fiexd Asset 2,000 $ for reduce Dept.

*** 8500 - 2000 = 6500 $ (Credit card dept after sale Fixed asset)

Personel Finace after sale asset

Income 1,200 $
Credit card Dept 6,500 $ 10 % payment per month 650 $
Car Loan 300 $

**** 1200-650-300 = 250 $ (Total cost of living per month) ***

Mr.Jo should have discipline don't create new debt and loan.

Investment 1 Begin to Invest (Check)

When you start investment have step for check personel finace as list below.

1. Don't has debt ,Because the interest of debt will reduce return from investment.
2. Should have money for emergency 6 month, Invest have risk.
3. Divide momney for 3 Type

a. Emergency (Support monthy budget 6 Month)
b. Short Term or Long term (Pay what you want , don't more than 20 % of yearly income )
c. Investment


*** Investment have risk , Investor should study the information before investment ***