Financial stability

[milewilda]

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...

Education and how to handle your finances can stop this, If you have education, you can get the best jobs and you will know how to invest in the right projects. you have maturity in how you handle your finances, so people who wants to have financial stability should focus on education to get a high paying job. The government and every individual should focus on education to escape poverty.

Education is a big key towards escaping poverty as we know and define it here in my country...but it is not the only critical factor because the reality is that there are so many college graduates who don't have satisfactory jobs and many of those who have jobs are earning money way below the realistic level to enjoy a good life...they are just for survival. Hence, financial stability is beyond the reach of these people. We need education and we need good jobs and opportunities for people to enjoy and exploit so they can experience real financial stability and independence...with many that may even explore their entrepreneurial talents that can be the backbone of a country's economy. Unfortunately, this thing is not very much emphasized during schooling days of our children hence most are just adrift who don't understand financial literacy and who don't how to get there. Our education must be overhauled that can respond well to many new realities in the market and can help people adopt to changes well.

It is the known or nearest solution if you would really be trying out to have a life on having at least that much better in compared to those who didnt able to hit up college or finished up their studies. Although it wont really be that an assurance that everything would really be that be considered to be happening because attaining such degree wont really be giving out that kind of sureness about being having no problem when it comes to finances. This is why dont make yourself that get confident on the time that even if you do have that diploma then you wont
really be able to experience such situation or condition. So it would really be that basing up into extra hardwork and wise decisions that you would really be taking.

[albon]

Education and how to handle your finances can stop this, If you have education, you can get the best jobs and you will know how to invest in the right projects. you have maturity inhow you handle your finances, so people who wants to have financial stability should focus on education to get a high paying job.
The government and every individual should focus on education to escape poverty.

You should have added disclaimer and say in places where education is value. There plenty of graduates with Master's degree and PhD that didn't get their dream job despite coming out best in their course of study. If you are raised in a place where if you finished school and you have to struggle to get your dream job, then this advice is not for you.

People now value entrepreneurship and other forms of jobs than the traditional jobs of after school because the pay is not worth the time unlike in tech places where your talent can be fetching you what you really deserved.

Agree with you, because in my country there is a fairy tale where people now prefer to see themselves as entrepreneurs rather than traditional jobs after school. The main reason for this is that an entrepreneur can choose the work he likes and can do his activities as he wants. But the one who works continues to follow the boss's words, because of which his own will is not free. Moreover you will get fixed salary from your job but in that case you can earn a lot of money from business. There is no fixed content of making money in business.

[Dr.Bitcoin_Strange]

Agree with you, because in my country there is a fairy tale where people now prefer to see themselves as entrepreneurs rather than traditional jobs after school. The main reason for this is that an entrepreneur can choose the work he likes and can do his activities as he wants. But the one who works continues to follow the boss's words, because of which his own will is not free. Moreover you will get fixed salary from your job but in that case you can earn a lot of money from business. There is no fixed content of making money in business.

Without any doubt, having one's personal business is far more better and has more advantages than having to work for/under someone else, although it's true that there are well paid jobs that can actually appear to be more productive than having one's personal business but that doesn't change the fact that working for others limits you or strips you of certain rights and freedom to do certain things,  like you get told when to report to work, when to dismiss and no matter how much sacrifice or commitment you render to that job, the wage you'll receive at the end would still not be enough to fully compensate you for all the troubles. So at any point in time, no matter the amount of salary promised, the best option still remains to have your own personal business where you control all the affairs of the business, the outcomes and incomes.

[TomPluz]

Without any doubt, having one's personal business is far more better and has more advantages than having to work for/under someone else, although it's true that there are well paid jobs that can actually appear to be more productive than having one's personal business but that doesn't change the fact that working for others limits you or strips you of certain rights and freedom to do certain things...

Having your own journey as an entrepreneur can be the best one anyone can find but, of course, not all people are actually made to do business on their own and not are destined and be given the opportunity to do so. In fact, this is what American Dream is all about, to do things on your own and make your own destiny without anyone telling you on what to do and when to do. In Asia, there is a strong entrepreneurial inclination and this has become the backbone of their economies for the past many decades. Only a very few got rich working under the corporate structure but many got wealthy all because they venture on their own. However, it is not an easy journey and many tried and failed on this arena especially if one is not prepared and has no right mindset.

[bitterguy28]

Agree with you, because in my country there is a fairy tale where people now prefer to see themselves as entrepreneurs rather than traditional jobs after school.

people are starting to realize that if you really want to be successful you need to breakthrough something and not just keep following your boss of course it would be difficult as not everyone has that creativity and originality that an entrepreneur should have but if you just observe well i am sure you can think of something and innovate

most schools prepare us to be employees but not many of them prepare us to be our own bosses which is why college should not be seen as the it-all end-all of life it will guide you, yes but it should still depend on yourself if you want to be successful

[milewilda]

Agree with you, because in my country there is a fairy tale where people now prefer to see themselves as entrepreneurs rather than traditional jobs after school.

people are starting to realize that if you really want to be successful you need to breakthrough something and not just keep following your boss of course it would be difficult as not everyone has that creativity and originality that an entrepreneur should have but if you just observe well i am sure you can think of something and innovate

most schools prepare us to be employees but not many of them prepare us to be our own bosses which is why college should not be seen as the it-all end-all of life it will guide you, yes but it should still depend on yourself if you want to be successful

Having a boss or simply working on 8-5 job isnt considered to be that financially freed up but rather you are really that being that having that life on which if you are really just that basing up into that job and there would really be no shows of progress and other aspect then you are really just that basically putting up yourself into having a life on not to be that proressive.
This is why people would really be coming up into that idea on trying out to involved into other paths or careers to take on which it isnt really that bad after all.
We are all wanting to have that life on which having no issues about money but we know that not all the time that a certain person would really be able to attain of this
on which there are really that stilll tons who do fail.

[bayu7adi]

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.

Moreover, the standard level of financial freedom for each person is also different, how fast or slow someone achieves it depends on their lifestyle and also on the strength of their income... people who are not greedy, and have a simple lifestyle, when they feel that they have enough with everything they have, they have achieved good financial stability... balanced income and expenses (in this case, if possible, income is greater than expenses), making it easier to measure how strong their finances are.

[Dr.Bitcoin_Strange]

In Asia, there is a strong entrepreneurial inclination and this has become the backbone of their economies for the past many decades. Only a very few got rich working under the corporate structure but many got wealthy all because they venture on their own. However, it is not an easy journey and many tried and failed on this arena especially if one is not prepared and has no right mindset.

An entrepreneur indeed has a more higher chances of succeeding or becoming rich than an individual working under a cooperate body, this is mostly because by you'll have room for growth and expansion when you have your own personal business, and that also means growing the income which the business generates in the long run, and this isn't always the case for an employee working under an employer. The employee only depends on his salaries and maybe a few bonuses and benefits which which his office enjoys, and the worst part of this is that, the employer can chose to relieve the employee of his duties at anytime, and in some cases, if he has tangible reasons or if his contract of service has expired, this are the major problems and setbacks that employees encounter, and this isn't always the case of entrepreneurs.
I'm not saying that entrepreneurs don't have their own problems which they deal with, all I'm saying is that, even with the problems and setbacks entrepreneurs encounter in their workspace,  it still remains a far better option compared to being an employee.

[Aanuoluwatofunmi]

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 not what others think of it to be now, we have to work very hard in other to attain to that pinnacle because its not just by ordinary words of mouth that we attain them, some will tell you that they need to have a diversifies means of having income, while some will say that they needed such in multiple types, that is why you will always discover that even the rich are panting more on getting richer because they don't want to remain on a spot.

[bisdak40]

An entrepreneur indeed has a more higher chances of succeeding or becoming rich than an individual working under a cooperate body, this is mostly because by you'll have room for growth and expansion when you have your own personal business, and that also means growing the income which the business generates in the long run, and this isn't always the case for an employee working under an employer. The employee only depends on his salaries and maybe a few bonuses and benefits which which his office enjoys, and the worst part of this is that, the employer can chose to relieve the employee of his duties at anytime, and in some cases, if he has tangible reasons or if his contract of service has expired, this are the major problems and setbacks that employees encounter, and this isn't always the case of entrepreneurs.
I'm not saying that entrepreneurs don't have their own problems which they deal with, all I'm saying is that, even with the problems and setbacks entrepreneurs encounter in their workspace,  it still remains a far better option compared to being an employee.
[/quote]
Becoming an entrepreneur is very beneficial because it offers opportunities for success than being an employee. When you run your own business, you have the potential to grow and expand, which can lead to higher income over time. but being an entrepreneur is not an easy thing to do where it requires a lot of courage, sacrifices, discipline, and all the values needed to become a successful entrepreneur.

[Dr.Bitcoin_Strange]

Financial stability is not what others think of it to be now, we have to work very hard in other to attain to that pinnacle because its not just by ordinary words of mouth that we attain them, some will tell you that they need to have a diversifies means of having income, while some will say that they needed such in multiple types, that is why you will always discover that even the rich are panting more on getting richer because they don't want to remain on a spot.

You're right, it's impossible to attain financial freedom or financial stability by simply just saying, thinking or even wishing it. Financial stability isn't a position that everyone can attain, it takes only those with determination and hardwork, with some level of smartness to get there, and not for dreamers, wishers and lazy people. Just like the popular saying,  if wishes were horses,  then even beggers would ride on them, it takes more than just wishing to be gain financial freedom to actually achieve it.

Another thing I understand about attaining financial freedom is that it's not just about having a huge some of money stacked up somewhere, asides stacking up a good amount of money, there are two more things a person needs to have in order to proudly say they've attained financial freedom or stability.  First thing is to have a good management skill, a person can have a huge amount stacked up somewhere, maybe through inheritance or other means, he cannot boast of being financially free if he doesn't know how to manage the resources he has in his custody because without a good management skill, all the money would be lavished on irrelevance and would disappear in matter of months.
Another thing is also to have available sources that can help you raise money in situations that requires you to come up with an amount that's more than your emergency fund. That way you can tackle any kind of financial issues without struggling and still maintaining your current financial state.

[Parzival204]

Maybe now the most important thing is how we invest for the future. Because if we only rely on the money in our account, perhaps in the future there will be inflation. However, if we invest from now on, maybe in the future we will get the results even though we don't see them now. Instead of the money we have What we have now is used up for extravagance or for needs that we don't really need, right? So the most important thing now is how we invest in our future, don't be too tempted by other people's lifestyles.

[Bobcrypto]

It very difficult to attain or maintain financial stability, and there are reasons why this status is not easy to sustain in a life time. To be financially stable may be attain at certain periods, probably at young ages to a set time of retiring from active works or business. Again, some persons may attain financial stability at the early ages but may become unstable when getting older.while there are person that could be financially stable even at older stage of life
Now there are factors that could hinder individuals financial stability and these includes, poor background,  no education, Unemployment, bad government policy for businesses, Natural deficiency, Laziness etc.

[Kemarit]

Maybe now the most important thing is how we invest for the future. Because if we only rely on the money in our account, perhaps in the future there will be inflation. However, if we invest from now on, maybe in the future we will get the results even though we don't see them now. Instead of the money we have What we have now is used up for extravagance or for needs that we don't really need, right? So the most important thing now is how we invest in our future, don't be too tempted by other people's lifestyles.

The question is, where are you getting the money to invest with? So at least give a decent job and invest in yourself because that is the best investment you can have in your life. And then start from their, if you save enough money then go out and invest and then venture on other things as well.

And have other source of income, not just your job, your business, and others and you have to shift your mindset and think always that you will succeed in your life and no matter what the challenges is, you will survived in the end. Just be very positive and have goals to really become financially stable in the future and have a lot of money.

[Dr.Bitcoin_Strange]

It very difficult to attain or maintain financial stability, and there are reasons why this status is not easy to sustain in a life time. To be financially stable may be attain at certain periods, probably at young ages to a set time of retiring from active works or business. Again, some persons may attain financial stability at the early ages but may become unstable when getting older.while there are person that could be financially stable even at older stage of life
Now there are factors that could hinder individuals financial stability and these includes, poor background,  no education, Unemployment, bad government policy for businesses, Natural deficiency, Laziness etc.

I think one major factor that contributes to this kind of scenario is being cut off from your source of wealth or finance, a lot of people gained financial freedom through a particular means that only existed for a number of years, and after a few years, they Lose that source, maybe because  because the services they rendered were no more required or just as you've stated, due to government policies or lack of innovative ideas to push the business to the next level in order to keep the business thriving,  and due to anybody these reasons, they're kicked out of business, and you know one thing about money is, no matter how much you've got stacked away, the more you keep spending it without a source to replace the ones you've taken out, gradually the value of your stash will reduce and before you know, everything will be completely gone, and that's exactly how some people move from being financially free to losing that status.