7 Brave Steps to Get Your Finances Healthy Again

By | November 22, 2021

Life doesn’t always go the way we want. Many people feel why suddenly their financial life becomes unhappy and even becomes an unbearable burden? Investigate a calibaration, sometimes this is the result of our bad habits in finance that we don’t realize.

Instead of fixing, many people just complain and exacerbate the problem. This happens because we are not aware of what to do with our own financial condition which is already like a tangled thread.

Learning from there we know how important planning and habits are in our finances so far. Because red flags due to unhealthy financial conditions are unavoidable. Now is the time for us to clean up and improve our unhealthy financial condition . What are some bold steps we can take to make our finances healthy again?

1. Do a Financial Check

A bold step that needs to be taken when our finances are not healthy is to do financial checking. This is the first step to more objectively see how our financial condition really is. Sometimes, because our personal ego tries to cover it up. Well now that attitude is no longer useful.

How to do financial checking? Please answer the questions below!

  • Check, do you already have a steady income that can cover your daily needs? At least the main thing first.
  • Or do you still have to be ‘forced to fast’ at the end of the month or even the middle of the month?
  • Do you have no personal financial records and don’t know where your own money is running?
  • What about an emergency fund? Already have with the ideal amount according to your context?

If most of the answers are no or not, then it’s natural for your red flag to fly. There is no need to cover it up, you have taken a bold step by checking and admitting that your finances are not in a good state.

2. Identify and Acknowledge the Source of the Leak

Next, try to find out where the source of the ‘leak’ occurred. Usually there are subtle leaks that are not realized in spending activities. For example, snacks in delivery applications, retail shopping online, subscribing to applications that can be replaced with others, subscribing to certain services that are not too priority, etc.

So how?

Prepare stationery and start writing down what your ‘needs’ have been paid for in addition to basic needs. The basic needs in question are the needs that must be met in order to survive. So that non-basic needs are needs which if not fulfilled then you can still live quite well. Write it all down, don’t miss anything!

3. Eliminate Unnecessary Expenditures

Now you have a list of expenses other than basic necessities that are paid. Now we just need to eliminate it. Don’t worry, that doesn’t mean all the lists you have are unimportant. But maybe we can find alternatives that are ‘cheaper’ or even free if we know which one is more priority.

How to eliminate it? We need standards, right?

In principle, there are 2 things that can be used as a basis for elimination, namely:

  • Comparing using extreme points, if there is no A, can it survive instead of choosing B?
  • Eliminate because it has been covered through other needs that can be chosen

Try eliminating about 25% of all existing lists using the 2 principles above. Then eliminate again with the same principle until the remaining 3 to 5 non-primary needs. Usually that is what is actually needed more than anything else.

As an illustration, the following is a description of the monthly non-essential needs:

No Non-Essential Needs Priority
1 Subscribe Netflix 7
2 Muay Thai practice 1
3 Buy Coffee at the Stall 6
4 Snack and eat out 4
5 Buy language training 5
6 Buy media needs and writing training 2
7 Buy mental health webinars / training 3
8 Trips to fun places 10
9 Subscribe to meditation training 8
10 Buy a book 9

First of all, I compared the need to subscribe to Netflix with MuayThai Workout.

Can I live better if I subscribe to Netflix without Muaythai? The answer is, no. So I chose Muay Thai, now Muay Thai has gone up to number 1. Next I compared Muay Thai with Buying coffee at the outlet, the answer is still winning Muay Thai and so on until I find the order of priority.

It’s not easy to choose, but you have to do this. Therefore, knowing yourself becomes a very important point. For example, exercise is one of the most important priorities in your life right now. It is true that there are cheaper sports alternatives without even spending a penny.

But if you are indeed a person who is very difficult to consistently exercise, and needs a system to help until the exercise habit appears. So there is nothing wrong with prioritizing sports facilities that support even if they are paid.

4. Choose to be a Smart Spender

Something based on your own will is the key that makes you more committed.

After you have eliminated non-essential needs that are paid every month, it is time to choose to be a smart spender . Namely being a more aware buyer when making transactions. Be aware of your priorities and ability to buy.

One of the characteristics of a smart spender is having a monthly budget that is adjusted to your abilities. Remember, it’s not that you can’t make yourself happy. It’s just that we do it intelligently because we are aware of our limitations. That way, we can live happily in the imperfections that exist.

Now try to answer these questions:

  • What is the monthly budget for basic and non-essential needs?
  • What is the most priority sector in your life right now? (Career, physical, mental health, family needs etc.)
  • If there is a discount offer what determines you should buy or not?

If you can answer that, then this is a good sign. You can have a filter to block out outside noises that can make you swayed and confused about where to buy.

Oh yes, having a daily expense record can also help us track and control expenses. For example, if you have a budget for coffee out 6 times, eat out 3 times, eat snacks via delivery, 8 times a month. With financial records, you don’t have to bother remembering how many times you’ve spent the budget for each need.

Or if you don’t want to take notes, you can take advantage of the e-wallet / digital bank feature that can be used for budgeting. So that any expenses you make for certain needs can be deducted from the balance you have prepared.

This is a matter that is more crucial than looking for income, because income can be managed according to the target you want. After finishing with the internal affairs, now we turn to the problem of income.

5. Make a Specific Income Planning

Income or income is PR for the average person. I don’t think anyone wants that kind of income. Everyone wants their income to increase even though they are not office employees.

The good news is that income is not determined by the type of work. Whatever field you choose, you can still increase your income. But the bad news is that this increase in income must be accompanied by a commensurate effort. Therefore, we need to be aware of how.

In general, we can increase our income in 2 ways, namely through our main career path and also side hustle. So it will be better to determine what and how much of the energy and time we give if we already know what field we are going to have a career in.

As a consideration, the increase in income from a career may be more long-term in nature but the results can be fantastic. While income from the side can be faster. Now it’s your turn to make plans about income. This is the task:

  • Make a plan to improve your skills and network in your main career path
  • Make a list of possible side hustles to do
  • Give a portion of time and energy for each job

6. Negotiate for a raise

This point is actually still talking about income, especially if you are an employee. If you are an employee and have more than 2 years of career in the company, it never hurts to negotiate for a salary increase.

Of course this submission cannot be done without preparation. You need to be well aware of the reasons why you deserve a raise, and what impact it will have on the company. Furthermore, if you are the type of person who likes to be nervous about talking about salary, train yourself to communicate it. You can also look for references on Youtube if needed.

7. Live Again and Choose the Right Financial Goals

In managing personal finances, financial goals are a very important factor. Financial goals are like a basic compass in determining transaction options and how to get income.

Financial goals are very personal according to the specific context of each person. Therefore, it could be that our financial goals, even with our own friends, are also different. The most important thing in determining it is that we really know the reason why we choose that goal.

Make sure that the goal is not ‘someone else’s goal’ but our own. That is, the goal is something that leads us to happiness that we can feel. Not happiness ‘people say’. In addition to knowing the reason we also need to have a size, how much specifically do we need. That way the investments we make are also clear, both in determining investment instruments and also in managing them.

Oh yes, lastly, if you still have debt dependents, many financial planners suggest making it a priority to pay off. Not just any pay off, but this also needs to be done smartly to stay balanced. Well, you can read the tips by reading the following article:


Those are some bold steps to make your ailing finances healthy again. Not just theory, but the steps above can be put into practice right away!

It is never too late to improve financial conditions, as long as we are given age and awareness. Let’s start caring about personal financial health and not just focus on comparing ourselves with others. Just like physically and mentally, financial prosperity comes from our own financial health.

How to Build Passive Income Like Felicia Putri Tjiasaka

Someone once asked, “is there a way to earn money without working?”. It seems like a lot of us want to be able to focus on doing our passion without being burdened with daily expenses. you too? When googling this question, you may come across the word Passive Income .

For those who don’t really understand what passive income is, you should find out first so you don’t misunderstand.

This time we will talk about passive income, again. But there is something different, because the way to generate passive income that we will discuss is tips that come from young entrepreneurs, content creators and also female investors in Indonesia. Who is he?

If you like to find out content about finance and investing on Youtube, you may have heard of Felicia Putri Tjiasaka. In addition to being good at playing stocks, this woman from Pontianak is also the CFO of livestockuang.com, which is a digital platform in the edutech field.

So how do you build a passive income like Felicia Putri? Let’s discuss one by one!

1. Calculating Monthly Expenses

Anyone still confused where to start to build passive income? The answer starts from calculating our own monthly expenses.

According to Feli, to build passive income, the initial method is similar to calculating pension funds. But because our goal is to be able to finance daily life with passive income, then we need to first calculate how much we spend per month. Now, get your stationery ready as well as your calculator!

To be more realistic, we might be able to target the amount of passive income that can at least cover basic expenses. Costs that are not too mandatory, such as updating the latest gadgets, traveling abroad, shopping for branded clothes and a series of other wishes, should not be included in the calculation.

Just leave a few that are really mandatory (can’t live if you don’t pay). For example costs:

  • Eat
  • Place of residence (if boarding)
  • Self care (soap, shampoo, toothpaste etc)
  • Electricity and Water
  • Gasoline/ Transportation (and vehicle maintenance)
  • BPJS

This is all in total. Approximately how much do you get? Must be smaller than usual right? So that’s the first target of income from your passive income.

As an illustration, for example, your principal expenses are IDR 5 million per month. Then multiply by one year:

IDR 5,000,000 x 12 months = IDR 60,000,000

Of course, the basic costs of each of us can be different. Save the numbers you get, because this will be the benchmark for the next step!

2. Calculate Assets and Investment

Next we need to calculate how much money we need and which investment products can generate Rp 60 million per year in return.

For example, let’s say we want to put money in a deposit whose net return after tax is 5%. It turns out that we have to have IDR 1.2 billion to generate a deposit interest of IDR 60 million per year. Well, the interest from this deposit will finance your daily life (just anyway). So you can still live ‘without the need to work’.

How about you? How much funds do you need after calculating it? The method is simple, you just need to be aware of how much your monthly basic expenses are. If you also don’t have healthy habits in finance, try reading the article below too!

Here’s the formula to find out how much money you need to collect to build passive income:

Monthly Expenditure x 12 months / % return on investment

But wait, actually this is not enough! Let’s read the third point!

3. Also Calculate Inflation

Unfortunately the world is constantly changing. Likewise, our currency is bound to experience inflation (a decrease in currency value). You can reflect, the purchasing power of using IDR 100,000 in the 2000s and today is definitely different, right?

This is because of inflation. If we check the BPS, the average inflation rate for the last 5 years is 4% per year. Now in relation to the formula above, we have to include this inflation rate as well. So the formula becomes like this:

Monthly expenses x 12 months / (% return on investment-% inflation)

Alright, if we input the assumption of our basic expenditure needs of Rp. 5 million using the above formula, then the funds we need become Rp. 6 billion.

Wow, it’s getting bigger!

Some of us may sigh, “how long can we collect that much money so we can get passive income?” A lifetime alone doesn’t seem like enough to be able to collect it.

4. Choose an Investment Instrument whose return is above the Deposit

Feli himself does not recommend choosing deposits as an instrument to get passive income. For some of us who are 20-30 years old, this value must be very heavy. Unless we come from rich people who have big assets.

Therefore we need to be more creative in placing funds to build this passive income. So that you can get a higher return and you don’t need to first produce that many assets to get passive income.

For example, you can choose:

  • Fixed income mutual funds with a return of about 8% per year
  • P2P lending with a return of around 12-13% per year
  • Or maybe open a franchise business that is strong enough to generate returns

How about stocks? Nowadays, there are many people who are diligent in buying stocks. One of the goals is because you want to get passive income, he said.

According to Feli, actually placing funds to get passive income through stocks is not right. Because stocks are high-risk investment instruments. Meanwhile, to get passive income, you need to choose a lower risk instrument.

5. Finding sources of income to build passive income

After calculating with the formula above, maybe each of us will get fantastic numbers. The question is, where do we get that much money from?

According to Feli, there are 2 ways to generate income:

The first, vertically or incrementally. What does that mean?

Vertical income is income that comes from our current main job. How can we increase knowledge and improve skills. So that we can get promotions and raises.

For example, we work in a bank with a salary of IDR 5,000,000 per month. Try to find out how we can upgrade our salary to IDR 8 million or IDR 10 million per month. In general, of course we have to upgrade the skills as well. Well, we can take trainings to increase our knowledge and skill capacity.

The good news is, we can usually get this type of income without any limitations. Salary of Rp 5 million we can go up whatever we want. But unfortunately, the process of increasing income in this way is quite long. So it takes patience, energy and time to devote.

In addition to increasing income vertically, we can also increase income horizontally or increase sideways!

This is what is called a side hustle (side job).

For example, there is a professional who works in a bank with a salary of IDR 5,000,000 per month. Then he tries to increase his income in his spare time by opening a pre-order of cakes during the weekend which can generate IDR 3 million/month. Well, try to find out what people need now and then match it with the abilities you have.

In addition, in today’s era, it is very important to have digital assets. That way you can reach more customers. You can open an online store on various platforms available today.

This type of horizontal income is indeed quick to get assets, but is limited. Because once again, talking about the energy and time we have.

Bonus: Idea To Collect Assets

Before we end, our biggest PR is usually how to collect assets in order to generate passive income. So here are some ideas for what you can do!

Become a Content Creator

Currently creating content can increase your income. You can start creating content based on your expertise. For example, you work in the banking world, so you can create content on Youtube, blogs, social media or e-books and monetize your content in various ways.

This method can actually be a way to get a vertical source of income! There are also many people who are now focusing on becoming full-time content creators as well. Because there are many ways to develop a platform and earn from it.


Whatever your main job, think about whether it is still possible to take freelance work outside of office hours?

If yes, then the fee from this freelancing can increase your income. Especially if you choose the type of freelance work that is still in accordance with your main job. It can also be your portfolio that can add value in a professional career.

Building a Business

The third idea to increase income is to do business. There are so many young people who are successful in doing business. Be it a business of goods or services. Just adjust the level, is the business part of your vertical or horizontal way?


Passive income is actually not an ‘instant’ way like pesugihan that makes us rich without trying. To have a number of funds that continue to flow later without having to work 9 to 5, of course requires hard work and strategy.

Starting from knowing how much our monthly basic expenses are, calculating the funds needed for 1 year, choosing the right investment instrument to increasing income.

Indeed, nothing is instant, but having passive income is also not impossible. So, in what year are you targeting to have passive income?

Now you are no longer confused where to start and are more enthusiastic about building your passive income. Hopefully Felicia Putri’s tips above are useful. Happy practicing it!

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