Task for Achievement 4: Applying Markdown by @amadems

Financial Security

Financial security means being able to handle your financial responsibilities. It entails having the capacity to take care of your expenses, emergencies, being out of debt and increasing your savings. That joy and peace of mind that comes from you carrying out the above activities that means being in-charge of your finances (money).

“Financial security empowers oneself, relieves stress, enhances peace of mind, protects dreams, and provides individuals, families, and businesses with freedom." ^Source

Attaining financial security does not necessarily means owning a whole company, having a mansion or being a movie star rather it about your being in total control of your money to the extent that you are not perturbed about any emergency or settling your bills.

Key benefits of financial security is that it replaces fear, stress and anxiety with feeling of ease and safety." ^Source

Financial Security Vs Financial Stability

Financial Security	Financial Stability
Financial security entails having the financial power to cater for your emergencies, expenses as well as your retirement.	Financial stability means taking care of your debts, emergencies and expenses and still having some savings left.

There are some steps to financial security some of which include;

• Have a financial goal: It is important to have a financial goal and have them written down. Once written down start working towards it and design a way on how to get the money to achieve it.

• Start Saving: it is good habit to save some percentage or part of your income.

• Know your level of income: Knowing your income and making your budget towards it will help you not only from spending more but also staying out of debt.

• Investment: Investment allows you to make more money, thereby making your money to grow overtime. It is also important to consult investment experts for proper guidance and direction on the right investment. Diversification of your investment will help you not to lose out completely if any of the investments flumps.

• Settle your debts: gradually pay up your debts beginning from the smallest.
  To read more on how to settle debts click here¹

ConclusionFinancial security can be achieved by being consistent in the steps you choose to take and also through expert advice.

Special thanks to @cryptokannon, @katerinaramm for the insight I got through their posts.