Why is it so important to build good financial habits?
We all know that as we live in a consumerist society as we do, we love to buy the latest gadget, clothes or anything related so that we can feel better. But, the problem actually comes when you don't realize that when you spend your entire money on that things, and you are not able to make ends meet. You can do whatever you want with your money, and nobody should judge you because of it, but at the same time, you can change a lot your outcome and your need of more money by saving and/or investing some of it. I know... who wants to save the money that you obtained working so hard every single day? You just want to enjoy your free time by doing the things you like the most.
Fiat money is more present before, so this means that when a great crisis happens or stocks just break down, all people that want to take or remove their money from where it is storage, can't do it as it is no backed at all, but actually is jus debt that can't be retrieved. So just make sure that you have something in case of a crisis because you could never expect situations such as COVID-19, Russian and Ukraine war, or the great number of events that happen each day due to unpredictable facts.
Some of the books that change my perspective around money were: Rich Dad, Poor Dad from Robert Kiyosaki, and The Richest Man in Babylon, from George S. Clason. Two simple but effective books to understand the real value of assets and not money, and why sometimes we tend to think that what we want is to make millions, but in fact we end up realizing that our real purpose is obtaining the freedom that comes with that wealth. I really encourage you that if you ever feel like you want learn more, please read these best-sellers, you won't regret it.
Cheers,
Feli