Good day everyone!!
Before I begins I will love to share my little experience.
My hold life has been of struggled, struggling to make a living. Many things i lay hands ain't working out, it has been a hell all through, I wouldn't say till date because of financial growth right now.
At my bad days or worst moment I couldn't even tell if I'm managing my resources or I'm passing through a lot, Indeed I'm passing through a lot.
When I looked at others people I felt I'm not lucky, but is not so. I couldn't know their other side of the story, perhaps mine is not even worth comparing.
When I went through the weekly prompt, it reminds me of my struggled moments. This is what I should've knew earlier.
I want to extend my gratitude to the Hive reach-out community for their creativeness. How it explore people here, not just here but in aspects of life too.
With this, many people here will benefit a lot from this great idea, because is worth deep meaning. The major reasons people fialed in life is because of this. My gratitude one's more.
STRATEGIES FOR MAINTAINING FINANCIAL STABILITY.
First and foremost I'll love to start with the word “strategy”
Strategy is a plan of action intended to achieve a specific goal.
Now let's dive in. Strategy is not just a plan, it's a way out to succeeding I call it.
In the aspects of businesses, life, troubles and it's a techniques, a method of solving problems and a lot more.
Here we are talking about “strategies for maintaining financial stability”. Before the strategy you need a skills. A skill that required your experience both in physical and digital work, hence put in your strategy to your profection.
Next I will talk about “maintaining of financial stability”. I will consider an investment and a steady income, before i dive in let's talk about “investment”.
Investment is a placement of “capital” in expectation of driving income or profit from its used.
I invest in livestock such as farm animals; animals domesticated for cultivation. Others forms of agriculture is also good as well, such as crops farming, it yield a lot too. Investing in real estate is one of the things I'm looking up too, though real estate is a big and long term investment. They are property that can not be easily moved such as land and building. I might consider stock market too. Going into stock market required more knowledge of the financial markets(Trading).
A steady income is a business of either daily or weekly turnover not matter what is coming in, the aim is consistence and recoverable, as long as it keeps coming there will be growth.
Having all this put in place. Your skills, business and investment it will help to maintain your financial stability. But a stable income is more required, a consistence and a stable business will help to keep your financial stability.
How then can I manage my resources?. let's dive into expenditure. Expenditure is the act of expending or paying out. To less my expenses I go for the things I need mostly not the things I want.
But most of it all,invest!
