Minimum wage or not is not the problem. It's about investing early.Jakarta (ANTARA) - Chairman of Zipmex Indonesia Raymond Sutanto shared some tips for people keen to invest with regional minimum wage capital.
"Minimum wage or not is not the problem. It is about investing early," Sutanto noted in his statement here on Saturday.
Sutanto highlighted that the first tip was to determine a clear goal that can significantly motivate a potential investor.
The goal, be it buying a house in five years or also early retirement, should be within the scope of common sense and be related to finance.
"You should also determine the length of time, so that your goal is easier to measure," Sutanto explained.
According to Sutanto, the next step is planning. Potential investors should carefully compute the amount of salary outside the overtime bonus, he added.
"Thereafter, allocate the fund based on the percentage that you have determined," Sutanto elaborated.
He opined that each individual has his or her own percentage based on the needs, which is why daily needs can still constitute the biggest portion. However, some fund should be allocated to investment or savings, he stated.
Thereafter, potential investors should prepare special funds for investment.
Potential investors can invest with bigger funds, but only if they currently have more money available. They should also learn about investment as much as they can, Sutanto emphasized.
He asserted that investment cannot be made haphazardly. Potential investors should understand both the gains that can be yielded as well as the existing risk from an investment.
Lastly, Sutanto also warned investors to not be fooled by scams in the garb of investment.
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Translator: Citro Atmoko, Fadhli Ruhman
Editor: Sri Haryati
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