The end of the year is approaching, and the phenomenon of rising prices is becoming more and more obvious. Egg prices have increased fivefold, bubble tea prices have risen by 20~30%, and mortgage rates have climbed from 1.31% during the pandemic to 2.2%. For a mortgage of tens of millions, just the difference in interest rates amounts to NT$89,000 in one year. In such an environment, relying solely on salary cannot keep up with inflation, and investment and financial management have become essential means to protect assets.
Many people consider saving their first NT$1 million as a milestone, but for young people just entering the workforce, it’s too distant. So, if you have NT$100,000 on hand, how should you use it to accumulate more wealth? The answer lies in three key elements: mindset, projects, and time.
Essential preparations before investing: building a financial foundation
Before starting to invest, there is a crucial premise that is often overlooked — this money must be spare cash. In other words, even if the investment target declines, it will not affect your daily life.
Keeping accounts is the first step. Treat yourself as a company, and clearly understand your finances.