Financial growth is in stages. Just as humans who have to pass through some stages of growth from conception to adulthood. This same principle applies to finances. Finance must grow from certain levels to another before it can be regarded as wealth.
The essence of monitoring financial growth is to ascertain growth levels whether finance is growing or dwindling. This serves as a monitor to entrepreneurs who might be willing to know their growth in business.
As an entrepreneur, your finance is the lifeline of your business and as such you must monitor and know how your money is managed and flowing. Therefore I present the four stages of financial growth.
A stage you start working hard for money
This is a stage in human life, where you work hard to earn money. You must work every day and around the clock to ensure that you earn money. On hive, this is the stage, you have to engage with communities, making posts everyday and replying to other people's posts. During this period, you don't have time to rest. More specifically, you earn very little in this stage and you must save part of your earnings. Also, you do not engage in any activity that is not relevant to your finances.
A stage you start working smart for money
This is a second stage in a person's financial journey. This is where you start working smart for money. You employ techniques that will help you make money, reducing the amount of time and energy you put into the job. In most cases, people might engage Artificial Intelligence in doing certain tasks on their behalf. The use of tools and innovative equipment to work shows that a person is working smart. For example, if you trade a financial market, and most times you spend lots of time analyzing the market in order to place a buy or sell. Working smart will be that you employ market analysis tools which makes the work easier and less time consuming. A laundry man would need machines to wash and dry clothes.
Another stage of financial growth is a stage you invest the money you worked for
This is a very critical stage in a person’s financial growth. A stage that guarantees financial freedom and/or doom. Financial freedom in a sense that investing right will result in financial gains and doom when investing wrong. Before investing money, one must do a critical analysis to ensure that he invests right.
The last stage of financial growth is what I called money exchanger”
when the money starts working hard for you. This is the stage of financial freedom. At this stage, the money you invested right starts working on its own and rendering profits to you both day and night. This is the last stage of financial growth. At this stage, a person is regarded as wealthy.
On the final note, you cannot make money without selling goods and services. Every rich and wealthy person has what he/she sells. Idleness is like a cancer, it drains someone and kills faster. Everyone on the Forbes list has what they sell to the public.