Financial stability

[Mr. Allcrypto]

In our society today, most people work for subsistence purposes only, failing to understand the benefits of building their financial life.
To be financially stable, one must work towards it and develop mechanisms for upholding that status so he/she won't fall financially one day. If one has 1million in his or her account and can't maintain that status or get source that will provide money, he or she can't be called a millionaire because definitely human needs are insatiable.
The ability to be financially stable and to maintain it is very important in our society. There are some factors that hinder financial stability in our society today and they include; poor income, unemployment, lack of savings, excessive debts etc...

[milewilda]

When it comes to financial stability then it would really be just that something that everyone is really that trying out to achieve,. Yes, its really that easy to say but
on the time that you would really be trying to do it then it is really the most challenging thing. Sustain is what the main issue on here. Its true that even if you do have that $1M
but on the moment that you cant be able maintain that amount or making it big then this do signifies that you arent that still having that financial stability.
Sooner or later you would be able to realize on what are the things you would really be needing to have to make yourself that sustaining.

[DragonF]

Everyone wants to be financially stable but certain factors have made it so difficult for individuals to be financially stable. We all need the good things of life and achieving all this means that you are financially stable. If you are not financially stable then it becomes so hard meeting your basic needs. The cost of living continues to rise, making it harder for individuals and households to maintain a stable financial situation. Issues of house rent, electricity, healthcare, and education costs have increased and it has affected the income of so many individuals.

Job losses and pay cuts have created financial instability, making it difficult for people to maintain their financial status quo. For instance, during the COVID-19 era, a friend of mine lost his job and since then he has been out of a job ever since then his living standard dropped and he is living on hand-to-mouth. Also, last week a friend received his salary but noticed that his pay was cut because he was absent from work for some days. With these challenges raised, it is clear that attaining financial stability is not an easy task. Even when you try, the cost of things keeps ridiculing your effort and then makes it difficult to save.

[Dr.Bitcoin_Strange]

Well, in today's society, to have or keep our financial stability is very very hard because of the way things are going these days, like high cost of things, no salary can help us overcome pressure in our country, so before we can achieve financial stability, we have to create a resources and stick to it, which means noting or writing down your expenses and making sure it doesn't exceed your income in case of emergency, and it's also important to save for future use, but We need to have different ways to earn money.

[FOKA33]

In our society today, most people work for subsistence purposes only, failing to understand the benefits of building their financial life.
To be financially stable, one must work towards it and develop mechanisms for upholding that status so he/she won't fall financially one day. If one has 1million in his or her account and can't maintain that status or get source that will provide money, he or she can't be called a millionaire because definitely human needs are insatiable.
The ability to be financially stable and to maintain it is very important in our society. There are some factors that hinder financial stability in our society today and they include; poor income, unemployment, lack of savings, excessive debts etc...

Financial stability is the ability of an individual to experience bankruptcy. As it can ensure long term financial security

[Mr. Allcrypto]

Financial stability is the ability of an individual to experience bankruptcy. As it can ensure long term financial security
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Do you even know the meaning of bankruptcy? I am talking of how someone can be financially stable, and be able to afford his or her basic needs and wants, and you are saying financially stability is the ability to experience bankruptcy.
You are totally wrong and not getting the full story well...