HOW TO BE FINANCIALLY STABLE

How to be financially stable

There's something about this life, before you become successful you have to work for it, becoming financially stable is not just what you will achieve in a day.

These are the steps to financial freedom:

KNOW YOUR INCOME

First of all you needs to know how much you earn so that you can be able to save up.

There are a lot of people that doesn't know how much they earn at every month which is very bad. When you know how much you earn then you can plan your future.

CREATE MORE WEALTH

After you must have known how much you earn, then you can decide to create more income revenues if you're not comfortable with what you earn.

Make no mistake creating wealth, make some research stick to one policy.

DON'T BE A DEBTOR

Some debts are good but it's not always advisable, because becoming a debtor hinders many plans as some one that is planning his future

Learn to be financially free from debt, then you're future is assured

ALWAYS SAVE

Saving is one of the most important thing, before you invest you must save, it's from savings that you can determine on how much to invest, avoid reckless spending when you're building your future

SAVE FOR EMERGENCY

The first step is to save for an emergency fund, so that if anything happens, you’ve got the money. If you have a spouse or dependents, you should definitely get life as homeowner’s or renter’s insurance.

AVOID UNNECESSARY SPENDING

This is one of the most important thing,

You need to map out what you need and what you want.

Avoiding unnecessary spending is one of the major ways to be financially stable

Get what is necessary at the right time. The decision you make today will determine tomorrow

LEARN TO HAVE SELF CONTROL

Before you go for shopping, make out a plan for yourself, try to have self control on what your buying, without self control you will end up making a very wrong decision for yourself

If you practice these steps ahead, definitely you're going to be financially free. Knowing fully well that it's a huge task but if you're determined you will achieve it

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