Financial stability is very important for your financial future. As an income earner, you are either rich or poor. If you want to know that you are about to become rich as an income earner, these are the six ways.
NO PROBLEM HANDLING EMERGENCY
You have no problem handling emergency because you already have plans in place. You already created account and set aside funds for rainy days. You pay into that account monthly to plan for days ahead. You are prepared for unexpected job loss, health issues, faulty car and other issues that can affect your well-being. You keep using your monthly income to plan and project for the future.
INVEST EVERY MONTH
You constantly invest large portion of your monthly earnings into the investment of your choice over the years. It has compound into huge amount, you still keep investing continuously. You start with 10% or more from your monthly income. It has ballooned into huge amounts over a long period of time. You are now confident about your future and how safe you have created it.
You are a diligent spender. You know when to be frivolous and when to limit it. You have great control over your finances, you know how to separate your needs from your wants. You value every penny and in spending diligently, you use excesses to create your future by investing more.
LIVE BELOW THEIR MEANS
You know where every penny is coming from and going to. You are a good money manager and budget your money very well. You create proper budgeting for your monthly income, assigning certain amount to each expenses. You know where to divert any excesses left from your monthly income to create a good future.
AUTOMATE THEIR SAVINGS
You assign certain amount of your monthly income to saving for the future. You either automate or transfer because your plan is to be rich. You are well disciplined with your savings habits and you have followed through over the years to create millions and become rich. You still do it and never stop because you want a financially stable future.
After work, you keep using your 5pm-9pm to invest into your budding business and watch it grow slowly. You are not in a rush and celebrate every milestone you achieve on the business. You keep working constantly on it. As years goes by, your effort have compounded over time to transform your small business into a good cashflow. Also, a good means for you to plan your early retirement to face the business full- time.
With these listed steps, you realize that you are about to become rich as an income earner and not relying on anyone. You have compounded the process and principle over a long time to become rich.
Please share,like,comment and follow
Content created and supplied by: RAWLINGS10 (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More