Besides saving, what is the most cost-effective way to use the year-end bonus?

The Chinese New Year is just a few days away. Have you figured out how to use the year-end bonus?

If you are on the road of "FIRE financial freedom" like us, then saving money is a must for "FIRE financial freedom". The first step to get the year-end bonus - please directly deposit half of it to your "FIRE retirement" account".

With half saved, half left, and wanting to spend more worthwhile money, here are our suggestions:

You are the biggest asset, give priority to self-investment!

If you are a freshman who has just entered the society within five years, in the next ten years, the principal that can best help you achieve "money begets money" is yourself. On the basis of conscientious work and accumulated experience, centering on your own professional field, plan for yourself education and learning that will help you to improve your career value, so that the learning results over the years will help you get promoted and raised every year. Such investment remuneration The rate is definitely higher than that of real estate and the stock market. For example, after you save half of the year-end bonus, you can use the remaining 50% to 70% to sign up for a set of online courses for yourself to upgrade your core competitiveness, or you can make a study plan and require yourself to at least a month. After reading one or two books to expand your knowledge and horizons, if time and resources allow, choosing a suitable lecture or forum to attend is also one of the ways to enrich yourself.

If you are a young adult who has worked for more than ten years or more , it is still necessary to use your year-end bonus to continuously invest in educational and learning resources for yourself, considering that you are getting closer and closer to the age of achieving "FIRE financial freedom" at this time. , try to start using some of the year-end bonus to develop your hobbies and healthy living habits. For example, you can arrange fitness classes for yourself to improve your physical fitness, or you can read related books to learn how to balance your diet, so that one day you can achieve "FIRE financial freedom" and have a healthy body. Make the effort to do what you want to do.

Reward yourself meaningfully, travel is the best experience-based enjoyment!

In addition to saving and investing in yourself, it's also a good idea to set aside an expense from your year-end bonus to reward yourself. Rewarding yourself here does not refer to purchasing consumer goods, 3C products, luxury goods and other things that satisfy short-term desires, but experiential expenditures that can enrich your mid- and long-term life, such as travel.

The famous British philosopher Bacon once said in his essay: "Travel is a part of education for young people, and a part of experience for old people... The experience of travel should be reflected in the discourse, not in the clothes and manners. ”, showing that travel is an indispensable experience in life experience, planning a trip to explore a foreign culture, recording meaningful sights and hearings, travel can enrich life.

Family and close friends are the most valuable life assets worth spending time on!

The only thing fair in this world is that everyone only has 24 hours in a day. In the new year, reserve a certain amount of time for your family members and close friends , and at the same time allocate some amount from the year-end bonus for gatherings and gifts with family members and close friends. Getting along with family members and close friends can enrich our lives. Money also appears to have value.

The above are our suggestions. If you have any ideas on how to use the year-end bonus, please leave a message and discuss with us.

Focus on:

What is the best way to use the year-end bonus?

1. Please deposit half of it directly into your FIRE retirement account first.
2. You are the greatest asset, invest in yourself first.
3. Reward yourself meaningfully, travel is the best experience-based enjoyment.
4. Family and close friends are the most valuable life assets worth spending time on.