Conclusion

We’ve come to the end of a personal finance handbook for young people - introduces the concept of personal financial management - combines knowledge of consumption, investment, and savings. Financial difficulties can be regarded as a weak body that needs to undergo a basic medical examination by measuring financial health. Once that is done, you can develop short-term and long-term financial goals, and practice exercises to improve your “financial health” - the ability to manage your money. Next, you must know how to spend, use your “health” in the most effective manner, and know how to use financial tools and manage risks. These tools help you to find a balance between savings and spending so that “debt” illnesses don’t attack your financial health.

Now, back to the story of Tuan and Mai. Both are young, dynamic, and appreciate their life’s experiences, they also have certain confusion in regards of personal finance; but following the instructions in this handbook step by step, Tuan and Mai planned out their short-term financial goals. What’s more, they determine the ultimate outcome of personal financial management. The first steps can be very time-consuming and are not immediately effective, but this is a good sign and necessary preparation for further breakthroughs. When Tuan and Mai know where they are on their “value scale” and where their goal is on that scale, all goals will become much simpler. You are also Tuan and Mai in real life. We will also have problems with our personal financial health; however, we can all foster, fix and improve to make the situation become better.

This document is only a small part of the vast ocean of knowledge about personal finance. This handbook is also not intended to help you make a lot of money immediately, but rather to bring the issue of “money” closer to you. We hope that the basics of this handbook will help you take the solid first steps in your journey towards personal financial freedom.

Wishing you both financial and mental well- being!

Best regards!