It is right there, under your nose.
Financial planning and discipline is key to one’s financial freedom.
Every twentysomething should strive to master the art of investing. Additionally, they should start investing as soon as they can. However, there are times when investing is not the most strategic financial move to make. This article aims to elaborate on six events that needs to be dealt with first before investing his or her money.
The thought of encountering a major negative event that could affect your finances, such as a job loss, an illness, a car accident or a pandemic can keep anyone awake at night. However, the prospect of something expensive and beyond your control happening becomes less threatening if you’re properly prepared. If you are in the midst of a financial crisis, here are six things to do.
We live in a world where money is a constant issue. And yet, we neither take note of it or do something about it. Our education system is flawed; they teach people to be good workers but not good money handlers. So, when Covid-19 struck home, they are struggling to make ends meet after they have been laid off. If they had taken note of these financial wisdoms a long time ago, they could still survive comfortably while the world recovers from the crippling effects of the global pandemic. To all the future twentysomethings, read this before it is too late.
When we are living frugally, we tend to be very careful as to where and when we spend our money. This article attempts to challenge that idea by stating that we human beings need to splurge once in a while. Splurging, in general, is considered to be a nasty habit to pick up but not all splurging habits are the same. The key is to do so strategically. When we deeply believe that we will constantly use an item or and it will bring us a lifetime of benefits, that is when you should splurge. Find out more about when a little bit of strategic splurging is okay.