Every time I come in here and stumble upon some posts related to Finance, if I decide to read it, I give it special attention and dig into each paragraph to see if there is something I can learn from that. I also try to engage in a series of activities where I try to research about personal finance and see what I can adopt to help improve my finances.
Doing this has become very crucial and a very important part of my financial growth. I consider it a worthy adventure because being financially stable and subsequently reaching the point of financial freedom is something I rate very highly. I'm not yet there. I'm not even close by my own standards.
However, I'm heading down the right path and I'm learning so much about personal finance, money and co. One of the things I've come to terms with is that if you are on the journey, there may come a time when you will get burnt because of a decision you made which didn't yield the expected return.
I've had those moments when I saw a genuine money-making opportunity, but I ignored it mostly because I didn't have enough money to spare for that investment. There were also times when I bought into some projects and all hell got loose. These are awful times that make you question how competent you are as a player in this financial playground.
What I know for sure is that it wouldn't be a good thing for you to beat yourself with a stick because of a wrong financial decision you made. Feeling bad about yourself for too long wouldn't be an advisable approach to take.
I guess that's why they say you don't get in with an amount that you can't afford to lose. Also, you don't want to sit back and toss around the usual "some are meant to be poor regardless of how hard they work" narrative.
Now, people are curiously asking questions about what to do to improve their finances.
It's about time, right?
With all things related to Finance and Money, there are multiple factors at play. Of course, your financial Knowledge plays a big role, but do you think that's all you need to improve your finances? Good luck with that!
I did mention that I study Finance and that's always a good way to start. You also need to get into the habit of putting those theories into practice. You can learn all the theories about Savings, Investment, Budgeting, Portfolio Management... Stuff like that. Except if you are planning to get into teaching, it's not just enough to have information about those. What matters the most is what you do with that information.
So;
You know about budgeting. Do you work with a budget?
You know about investment and savings. Do you ever practice that?
Now you see where we are going with this.
If your plan is to be financially okay, you need to know that this won't have any immediate impact. Everything about it is usually a gradual process. You need to be willing to throw money into an investment and have it sit there for a couple of years.
From most indications, you need to set goals for yourself and you don't want to set an unrealistic goal like moving from $100 a month income earner to a stinking billionaire within a week. Nah! That's just a joke of a goal. Set a realistic goal. Maybe, start saving some percentage of your earnings and carve out a percentage that you will use to do serious investment.
Whatever the case may be, the journey towards financial well-being isn't a joke. It requires a great deal of commitment and you need to be disciplined. You also need luck by your side.
Thanks For Not Missing Any Full-stop Or Comma.
Thumbnail Image is taken from Unsplash
Additional Image is taken from Pixabay
Posted Using InLeo Alpha