Greetings! Finance has been one of the basic need and challenge of every individual on the earth, since the existence of mankind, alot of financial transaction has been going up on and down around the globe, as such 99% of humanity what the crave and always strive to have is Finance.
In the process of that many lost their life, by engaging on some act of being in haste to make money and not actually following the due process, alot of people also get it at the death end of their life by giving themselves in exchange for money. All this mostly at times happens as a result of person background, pressure from families, friends and the society at large, but that shouldn't be our quest for making money, because it will come and go.
On the other hand most people has ventured in to Businesses, (could be online or physical) maximizing and utilizing their potentials in skills acquisitions, salary based persons and the most important of it all is the Agricultural sectors to make and have have sufficient money to cater for their daily needs.
Of course one of the reasons that God will always bless a man is to make his life comfortable, become a blessing to others outside or within their convines, and also God blesses us for the sake of kingdom expansion, i can assure you that if the goal of financial cravings are outside these, then forget making money.
In all of these in our contemporary societies, many at some point became so wealthy and Rich, starts having a comfortable lives, but a time might in their life, all of those things are gone and the person became financially bankrupt again, why because of some of the things i will outlist here.
For some years now I have been trying to see how I can actually add or create stream's to maintain financially stability, and with the help of God Gradually I will get it right some days.
SOME OF THE FINANCIAL STRATEGIES FOR MAINTAINING FINANCIAL STABILITY.
CREATE FINANCIAL BUDGET AND MANAGE EXPENSES.
I think an average young man or lady what he she ought to do yearly or quarterly in life is to have financial budget, that can help you reduce or manage excessive expenditures, as the saying goes money is not easy to get, but it's very easy to spend, but if you can discipline yourself in managing expenses, you will be the one to rejoice.CREATE SAVING GOALS
It's good for a skill acquisition person, business men and women, salary based persons, farmers, to save, and not over spend in terms of emergency management, or anything that might occur along the line or to build your financial status, for future use .AVOID DEBT OR DEBT MANAGEMENT.
This is the crucial part that everyone must discipline himself not to do, why Money is had to get but easy to spend is because of DEBT. Half of the money is already gone before it even lands, so with what you have how can it be enough for you to satisfy your needs and that of the family before even thinking of savings, it's not actually bad, but reduce being indebted.INVESTMENT
So long as you get money on daily basis or monthly, learn to invest them. Be it in business, skills acquisition, farming or salary, you must learn how to invest your money, the more you invest the more it grows and be there for you to make your life comfortable. A preacher told us sometimes ago in a meeting, that anything that is beyond your daily capitals or the interest you gets in business, invest them, you may want to invest all including your capitals but don't forget to take interest once it's due for you to.
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This is my entry for Hive Reachout weekly prompt engagement/∆\30 , there are actually many other strategies but these are the precised one's to be cautious about.
Thanks for reading and engaging on my post 🥰.
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This is apt!
Financial stability involves doing all of the things that you have listed. It's the right way to go.
Yes sure Sir
Thanks for going through and engaging
It is important to be financially stable
Yeah
Thanks for engaging