Understanding Money.

in #life6 years ago

Money plays an essential role in our everyday lives.Today,there is barely anything of value you can do or get without money.
As the roots are important for plants to live ,money is crucial to have access to the essentials of life.
We all are the roots of our financial success or failure as it wholly depends on us whether we save it of waste it.

1-IMPORTANCE OF INVESTMENT

We hold money for three main reasons:transaction,a precaution for unforeseen expenses,and speculator or investment reasons.Investing a percent age of your income is as important as saving a bit of it.With a good and steady investment you would be able to increase your net worth and have a good amount of money to fall back when you are unable to earn or work.
With investment your money is making money with little supervision from you.

2NO SUCH THING AS A SHORTCUT

Except the cases of inheritance money does not just fall in your lap.It is worked for.You must pay your dues to get paid whether as an employee or as an entrepreneur.There is no shortcut of success you have to put your hours and your energy in before the tickles can become a flood.

You have to become skilled or well-read which both take time and efforts.No one would pay as an substandard skilled or an entrepreneur,if you are not prepared you will fail.
Money does not grow on trees.

3-MONEY BRINGS POWER

Money bring with it respect,prestige and power.This power is not necessarily to control people,but power to handle most of what life throws at you.
You have more control over yourself and what happens around you.You can afford a good education a good health care and good accommodation that will make life better and more comfortable.

4-YOU MUST SAVE

Money earned must not all be spent.You must save a part of it for the rainy days and for the unforeseen circumstances.
Save a bot of what you earn daily,weekly, or monthly.Just make sure that it is convent amount and just not falter.
Seeing as most of our monies are in bank a standing order to make specific withdraws at specific times as savings for you.

Always save for the rainy day.Even if that day comes,you are assured of readiness.

5-VALUE MONEY

Let every note count.Know where your money is going.Have a budget and try to stick to it as much as possible.
Having a budget does not mean that you should not do fun things or buy things you desire,but they must be done our acquire under the budget.
This way you are able to keep an eye on your money.You must respect and value that you have an income.It is not so far others.

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