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To what do our lives revolve around the earth? We can never deny that one major notion of living is talking about money. Financial wealth as what they make the world go round, or in another world, money makes the world go round. Almost all things (if not all) in life are controlled by money. We'll start from the very beginning of our lives when are still baby our parents need money to buy us milk, medicine, clothing and this truth is still ongoing. We need money for our food, our shelter, our clothes, our pleasure, and leisure. So basically, we need money to live.
Does it mean money control us? No, it should not be but let us control our money. Every day we go to work to make a living. We do exerts extra effort to make our boss appreciate us. But the problem is even if we strived hard to work we still encounter financial problems. Many of us still have debt. This has been our hopes to survive, to depend on debts.
Are we going to settle for this kind of living? Of course not! Therefore we need to change. In line with the changes, we need understanding first. Everyone deserves to be educated in terms of financial aspect. Lack of knowledge about personal finance is causing us to lose more money than saving it.
Most of us think that the first step in success is to invest our money in financial institutions or businesses. This is a wrong thinking. We must have the proper plan and foundation when it comes to financial success. Building a strong foundation is just like building a house. We must build it from the ground and up. And we will not start from an investment. Instead, we will start it with healthcare.
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We have heard and read many times that Health is Wealth. In the event of serious health problems or sickness, these can greatly affect a person's financial stability. We never know what will happen in the next year or after next but altleast we had save for our health. Even if we have saved enough and invest a lot of money but if we have no healthcare then it will not take us too far. When we get sick, our savings won't last that long.
Second, proper management of our money and debt and ofcourse pay off all pur bad debt. We must clear first our debts and start with a worry free success. If we had lots of debts then pur money will only go to the payment of our debts instead of saving it and iinvesting it. It is not an ideal also to settle in debt inorder to put in an investment.
Third, we must have an emergency fund to deal with sudden changes in our job or business. This is also for unforeseen accidents or repairs. How could we deal with the sudden changes and unexpected expense? Ofcourse we must have an extra fund for that.
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Fourth, save and make a long-term investment. This is usually our misconception when talking about success. We associate success by starting with investment.
To success in the financial aspect, a strong foundation must be built. A foundation that will result in having sturdier and resilient finances that can withstand any-money-related circumstances.