Personal Finance

Do not spend more than you earn

It doesn’t matter if you have a low or high income, you earn 500, 2000 or $ 10,000 a month, if you spend more than you earn, you are in financial trouble.

Do you want to know if this applies to you? Prepare your family budget and calculate your net worth. Information on how to do it, you will find it on our blog and on this channel.

If you don’t spend more than your income allows, you won’t fall into financial trouble.

So simple? Actually, yes, but it turns out that we often forget about this and start making impulsive purchases, either because of an advertisement or because we want to live a lifestyle that is not within our reach.

Save part of your income.

We have all heard it, save 10% of what you earn. But there is more to it. I think that saving, for saving, is not something that motivates us. Therefore, so many people prefer to use their money here and now, instead of accumulating it for an unknown future.

The difference is when you set specific goals for your savings.

  • Save to build a house,
  • Save to buy a computer,
  • Saving for my children’s education
  • I am saving for my retirement, etc.

The reasons are diverse, and if it is something important to you, you will be encouraged to continue saving. So set your goal, and when it’s a big goal, like building a house, break it down into smaller stages. Find out how and why it is good to do it in this video.

Have good communication with your partner

Good communication not only helps you to have healthy finances but also to have a more lasting relationship. I know that touching on the subject of money can be sensitive, arouses emotions, but it is something you must do.

You need to win your partner, encourage her so that she also wants to improve the situation. It is easier when both fight for the same objective. I tell you about my own experience.

Avoid consumer debt

Have you heard that consumer debt is your greatest enemy, to obtain security and financial freedom? If you are watching this channel, probably more than once. We often talk to you that you must avoid consumer debt at all costs, and learn to depend on your money.

This means:

  • Do not use limits on credit cards.
  • Don’t buy things in installments
  • Do not borrow money from family, friends, etc.

This will also help you keep a budget. If you know how to manage your money well, you have no need to fall into debt.

They tell us that only with debts you can obtain objects that you want so much. This is the lie that even I believed for a long time.

And one of the reasons we believe this is because we are impatient, our mind tells us:

  • I want to have this now, only this way I will make happy.
  • I am not willing to wait until I save the money. I want it now.
  • If you did not buy it on credit, I would never have it, I know myself, and I know that I am not good at saving.

I tell you that if you are able to pay the fees, you are also able to save this money.

Always looking to learn about finance

Let’s be honest, in school, college, university, they teach us little or nothing about personal finance.

For this reason, there are as many people spending as there was no morning, waiting for the government to solve their problems, or simply putting on the excuse that I am poor but happy, or I am poor, and thus, I will die.

Working to improve finances does not mean enjoying lifeless, being unhappy, or living in misery. Having healthy finances is having peace of mind, seeking continuous improvement, and meeting your goals.

Do not close by making excuses or giving this responsibility to others, and you are the only one responsible for your situation.

It doesn’t matter if you currently earn little or a lot, if you have a university degree or not. If you do not learn how to manage little, do not think that you can manage money well, when they are large amounts.

Work From Home

The encouragement of working from home is a strategy that brings many advantages to companies and their workers. It is a collective commitment that requires changes in mentality and reinforcement of communication channels within the organization.

The initiative to work from home is not only a movement for the benefit of workers. Company management must understand that this is a plan that can do a lot of good within the organization.

Different studies indicate that it improves productivity at work, employee satisfaction, and allows for talent that otherwise could not be captured by the organization.

Planning the model and software to work with from home

Once the needs have been evaluated, the next step is to study the objectives, times, responsibilities, benefits, risks, and necessary resources that allow the elaboration of a strategic plan to establish telework within the organization.

Within this planning, it is key to decide the platforms that will support the remote working network; Those devices and tools will be the ones that will be used every day, and the performance of the employees will depend to a large extent on them.

Development of tools for internal communication

A good system will be useful for employees who will feel valued. But, in addition, the feedback received by the company will be essential to optimize home office tools. Both benefits lead to productivity growth.

Thus, the organization will be the first to know if something is not working as it should or if there is a risk of talent flight. Surveys are also important when evaluating staff performance.

Guarantee of security and data protection

Implementing work from home requires certain special protective measures to be taken. Keep in mind that employees use their own equipment and networks, so there are more security risks. If a virus enters a remote working device, it could infect the company’s servers. In this way, the organization would be vulnerable to data theft, its web pages could be damaged, or its identity could be spoofed.

The use of private virtual networks or VPN allows creating a local network but accessible to computers anywhere in the world. This makes it possible to secure online connections and use Wi-Fi networks safely.

Things to Do

There are things that do not bring anything good to our life and therefore are a waste of time. Instead, there are others in which we should invest more time because they make your life fuller and help you get ahead.

Spend it with your loved ones

Success lies not only in the financial but also in the personal and family. We cannot sacrifice our family to accumulate wealth.

By the way, do you know who are the best workers and the most productive people? They are those who have an excellent family relationship because they are positive and happy people.

Finish the things you started

An unfinished book, an unfinished trip, an unfinished meeting, a half-way career Maybe there is something you always wanted to do, but due to life circumstances, you ended up abandoning it.

If it’s something you still want to do, take the time to complete it.

If finishing this thing requires money, then start by getting this money that will lead you to finally complete what you abandoned.

I am currently trying to complete some unfinished books and projects, as I realized that leaving things in half did not bring me relevant results.

Do you know what the fifth thing you should do with your free time is?

Dedicate this time to your development

We have mentioned it up to a point, but we do it because it is important that we give time to our development.

I personally have three important areas to develop: spiritual, personal or family, and financial. Based on these areas, I am regularly asking myself:

Where else can I improve? Where am I failing? This has helped me to give up bad habits, have a simpler life, and to stay away from things and people that I liked, but that hurt me.

If you lack the motivation to take action, find other people who have. For me, there are many stories of you and other people that motivate me to continue developing myself and to be a better person every day. And this not only benefits me but also those around me.

Want to some news? Read about swamini cast and himanshu sutaria

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