In this article, Young Sheep will share about the 50-30-20 principle when budgeting for investments with newbies. This is a simple principle that Sheep finds very effective and easy to apply 😚.
What is the 50/30/20 rule?
The 50/30/20 rule is an easy budgeting method that helps Rams manage their money effectively and sustainably.
Simply, the monthly income (from salary/business) of the Sheep will be divided into 3 parts:
Whether "playing" crypto or stocks, or buying insurance, or borrowing from banks, all activities related to finance have certain characteristics and complexities that if not learned, the Sheep can easily become prey for the Wolf to eat... 😱
However, the number of lessons in school is too small, so the Sheep has to learn in the school of life 🫠...
After many years of struggle, Young Sheep would like to share 5 tips that life has taught her to "be less naive" when applying to crypto:
Instructions for Identity Verification (KYC) on Binance
The Young Lambs finally created a Binance account with the dream of joining the new crypto "pasture". However, the reason why the account cannot be deposited, nor trade or invest? Little Lamb doesn't know, it's because the account hasn't been KYC...
KYC (KYC) stands for "Know Your Customer" or "Know Your Client". This is an important and mandatory process for most companies providing financial services such as banks, wallets. electronics, trading platforms including Binance.