Who among you has a dream to be rich? And, which of you prefers to be wealthy? Although often used interchangeably, actually rich and wealthy have different meanings.
Being Rich vs. Being Wealthy
Being rich is simple, Jagoan. When someone is rich, they have a lot of money. But, they usually also spend a lot of money.
But, when someone is rich, it doesn’t mean that they are wealthy. Because sometimes, being rich also means being in a lot of debt. They may have debts here and there because they want to continue living a luxurious lifestyle.
It's different from being wealthy. When you are wealthy, you not only have enough money to meet your needs. But, you can also continue to live life even if you don't work anymore.
When you are wealthy, you don't have to live paycheck to paycheck.
A wealthy person has a significant net worth. People who are wealthy may not always own the latest gadgets, the most expensive cars, or other super-luxury goods. However, they have many assets that can provide them with income over time. In other words, they let their money work for them.
Wealthy people have peace of mind and can live carefree. They also don't have to worry about getting into debt. Those who are wealthy may be rich. However, they are wise not to spend all their money.
Being wealthy means you have time to do what you want. You also have time to focus more on life and fill it with meaningful things with loved ones.
How to be Wealthy?
There are many ways to be wealthy. You can start with the following simple ways.
1. Reduce or minimize unnecessary expenses
What kind of expenses are unnecessary? When you buy a product because it is discounted, even though you will not use it later. When you buy something just to impress other people. There are many other examples of cases.
Before spending money on something, there are a few questions you can consider. Is the product you are going to buy really useful? Will I regret it later after buying it?
This doesn't mean you can't buy what you want. Sure you can. Everyone needs a self-reward.
One way to control spending is to separate funds for self-reward, only after you fulfill all obligations first, such as paying monthly bills and allocating funds for important needs such as food.
You can use the Pocket feature in the Jago application. This feature is very helpful when you have to separate various needs. You can separate every need into a separate Pocket. From here, you can then allocate funds. Funds that have been allocated from the beginning of the month may not be added again if they have been used up. This is the key, Jagoans.

2. Start saving
Saving is important not only for now, but also for the future. Savings can also be used at any time if something unexpected or unpredicted happens, such as losing your job or getting seriously ill.
You can start saving money by reducing unnecessary expenses every month. To be practical and never forget to save, you can take advantage of the Auto-Budgeting feature in the Jago application.

You can also choose to make a Pocket a Locked Pocket. It can stop you from using money carelessly. By saving in a Locked Pocket, you can also get higher interest.
The Locked Pocket has a principle similar to a time deposit. But, Locked Pocket offers a more flexible duration. And, you can start saving from only Rp 100 thousand.
Let’s take steps to be wealthy by managing finances properly with the Jago application.