Financial Literacy

 Food For Thought;

 

Money has become one of the serious problems that has driven people to the extreme edges of life. 

Most people are living in debts, and there is no peace. It seems as if there is no solution, regardless of how hard you try, still you find yourself in a fixed position where things won't balance financially. 

But the most important question is how did you reach there? , if this question is not answered, then it may be impossible to find a solution. 

How do you end in debts?

If you look at the nature of life, it is very difficult to meet our financial needs regardless of how much you are earning. 

Sometimes, we end up in debts because the reason for borrowing seems like a good move by the time it happened, only later to find out that it was a disaster. 

There is one principle that people should know about money, "money must be earned " only the money that you earned that belongs to you.  Any borrowed money is a serious liability that will course endless torture in your life. Borrowing should be avoided at all costs if you want peace. 

How do you avoid debts;

1). Don't spend in advance the money that you have not received. 

2). If you can't afford it, don't do it. You will not die.

3). Don't spend money hoping for a miracle, calculate according to your earning. 

4). Live life according to earnings.

5). If you want to do anything that requires more money than you have, give yourself time to save until the money is enough to purchase what you need. 

Never borrow to grab an opportunity because you think that's a lifetime opportunity. Opportunities always arise. If that came when you don't have enough, allow it to pass, and you will not die.

Guard against your ambitions, so of your ambitions will put you in serious problems if not well implemented. 

As much as this hurts, it's true. Your current financial problems are your faults, and you are fully responsible for your situation. The totally blame is on you regardless of other people who were involved because you really had the power to say no, but you chose to give it a try.

Now that you are in mercy, don't play a victim. Don't accuse other people of neglecting you, pull yourself together, and start working towards recovery. 

The first step is to cut costs. Save every cent that you get, rebuild your financial stability based on the principle of saving. 

I speak from experience, and I don't often talk about my financial struggle, but it once happened when I engaged in a business deal that didn't pay off.

When it happened, I went through phases that I lost myself, I was always angry, difficult, and blasting people for no reason. It was one day when I was almost involved in a physical fight with a stranger about parking space at the bank. If it was not a certain lady who works at a local council who confronted me and said, " Barmlo, with all the respect we have for you,  what gets into you?"That's when I retained my conscious and realised that I was about to do something that doesn't reflect my character. 

Financial stress can lead you to do things that you never thought you are capable of. Most domestic violence is a result of financial stress. It should be addressed properly. The first step is to take full responsibility and accept that it was your fault. Stop blaming others, economy, or politics. Rather, take full responsibility and pull yourself to work a solution to your problems. 

Never try to resolve financial problems by borrowing. This will worsen further. 

Never think that there is no solution. The solution is there but should be done in the right way.

Reduce your costs, be willing to do any job, even the one that you think is below your standard. Remove ego and shy, never mind what people will say. People will always say.

There was a time when people said " azo broker manje", I never cared about such words, I remain concentrated because I understood my plan.

Remember never to live for people,  live for yourself, and enjoy life according to your definition of life. Don't allow others to define it for you. 

You have the power to change your life. Don't be pushed. 

In my next post, I want to discuss 4 steps to get yourself out of debts. 

The C.E.O, Dr