Financial Scribbler

One of the things that you need to be financially successful in life is to have a plan. When you have a plan, you will have a guide that will point you to the right path you need to take. You'll have a map on the direction you need to go to achieve your goals.

It also prevents you from quickly and prematurely reacting to whatever market conditions or sentiments that come your way. One of the common causes of financial failures is people's tendency to quickly react whatever's happening in the financial markets.

But with a financial plan in place, you'll prevent yourself from reacting prematurely. So, make sure you have a financial plan. Not only will it help you achieve your goals, it will also prevent you from reacting to market conditions.

Debt in itself is not the main problem of people, especially if they can afford to pay it back. But what makes it a big problem is the continuous accumulation or increase of debt. This is especially true if your debt is the only one that grows and your income remains stagnant.

This is the situation that many people usually find themselves in. They tend to increase the debt they have while not finding ways to increase their income as well. Always remember that when you get into debt, your income should always be sufficient to pay it back. This means you're still able to pay for all your other expenses and have enough left for debt repayment.

One of the best ways for you to attract opportunities in life is to always keep on improving yourself. Always strive to be a better, whether it's in business, work, or even in life. The goal is to always be the best version of yourself. And that's achieved through constant improvements.

The great thing about investing in yourself is that people will notice. It might not be at your current work or business. But rest assured all your efforts to become better will not go unnoticed. You will soon start to see more opportunities coming your way.

The people who noticed are going to be willing to invest in you because they see that you're always striving to be the best version of yourself. So, don't forget to invest in your personal development. It not only makes you better, but it also allows you to attract more opportunities.

We are in control of our financial future. We have the capacity and ability to achieve the kind of financial future that we want. But first, we need to design what that future is. We need to be clear about the kind of financial future we are hoping to achieve.

And once we've determined what we want, the next step is to create a plan to achieve it. It's important that we have a financial plan for our financial goals. It will act as a guide that will direct us to the right path. It will also allow us to see if we're making progress with our activities or not.

Without a plan, it would be impossible to achieve the kind of financial future that we want. We will be treading along without any direction. So, remember, we must first determine and create the kind of financial future that we want. And then create a plan to achieve it.

Becoming wealthy is not achieved by earning a lot of money. It’s achieved by being able to keep and invest a big portion of the income you are earning.

You can learn more below.

Personal Finance Quote Interpretation – It’s About How Much You Keep - The personal finance quote "It's not how much money you make, but how much money you keep", shows that becoming wealthy is not about the money you make.

You should always find ways to improve yourself, especially if you want to increase your income. You need to keep on improving your skills and knowledge, as well as keeping yourself updated with the latest trends in your field of expertise.

Whether you're an employee, a freelancer, or an entrepreneur, doing this will be beneficial. It will allow you to increase your value, improve the products or service that you provide, thus allowing you to charge more. So, keep on improving. Even just reading something daily that will increase your knowledge within your field of expertise will be helpful already.

It's hard being in debt because it's always going to be in your mind. Even if you have the means to pay for it, it can still cause unhappiness and stress internally. It's something that you'll always have to worry about.

And that feeling only worsens if your budget is not enough to cover that debt. This is why it's always important to think twice, thrice, as many times as possible, before deciding to get into debt. You need to make sure you know what you're getting into and if you're mentally and emotionally prepared for it as well.

We all experience financial problems in our lives. And most of the time we think that it can be fixed by having more money. But in reality, we first need to fix ourselves before we fix the financial problem.

Most of the financial problems we experience are due to a variety of reasons within out behavior. It could be our lack of discipline when it comes to money, self-control when it comes to our emotions, or we have bad money mindset.

This is why many people experience the same financial problem over and over again. The issue is not the lack of money, but something that's within yourself.

Hustle or Just Lie Flat? The answer may surprise you

It's not always a good idea to think and focus more on making money when you're going into business or even working. It's true that making money is usually the main goal. But it should not always be a priority.

Your priority should always be to provide good service and/or products. The focus should always be on how can you provide the best service or product that you can. If you do that, the money will follow.

If you always think about making money, it will be harder for you to succeed. You won't be able to make good decisions that can benefit both you and the people you serve. Many people will also be able to see if you're just in it for the money. They'll have a harder time trusting you. So, don't just do it for the money, do it to provide good service.

It’s important to remember that your freelance rate is not set in stone. There will be times when you will need to increase your freelance rates.

You need to do this because expenses will keep rising because of inflation. You need to keep up to avoid falling behind.

Below are more signs that you need to increase your freelance rate and how you need to do it.

Increase Your Freelance Rates – Signs You Need To Do It It's important to increase your freelance rates. Costs increases, so you need to keep up. But what are the signs that you need to do so? Find out more here.

Mistakes to avoid when repaying debt. Read more below

4 things to remember before repaying your debt.

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One of the traps of debt is that it will make us believe we can afford a certain lifestyle. But in reality, we're already going above our means. This is why it's important to a review of your lifestyle as well.

If your current lifestyle is not sustainable without getting into debt, it means you either change your lifestyle or find ways to earn more money. Relying on debt to help you maintain a lifestyle will just put you in a huge financial hole that will make it hard for you to get out of. Don't fall into the debt trap of trying to live a lifestyle you can't afford.

One of the major benefits that investing provides you is that it you are making your money work. You are putting your money in a vehicle that will allow it to grow without the need for you to do anything. This is why investing is essentially like buying a day that you don't need to work.

It's because your money is the one doing the work for you. And if you're consistent enough in your investments, there will come a day when you don't have to work anymore. The income that your money is producing will be enough to cover all your living expenses. This is why you need to invest your money and not just save it, to make it grow and soon allow you to rely on it for your income.

It's not uncommon for people to not have enough money for all their wants. After all, not all of us are born rich or loaded. Even if we have good jobs or sources of income, it's not unusual to want something that we can't afford.

Many people just give up and accept that it's what life has to offer them. Others, though, prefer to be thrifty and just save up a portion of their income to afford their wants in the near future. This is actually a good reason to have on why you need to save money right now.

It's so that you can afford to pay for things that you might want in the future. You can do this for a lot of things and this is actually what many people who are not rich does. They save a portion of their income to allow them to afford things that they normally wouldn't. You want to invest but don't have the starting capital for it? Then save money and invest once you have enough. Want to travel? Then save again and use it when you have enough.

Now I just need to make sure I take consistent action 😎😎😁

Taking action is one of the hardest thing to do for many people, especially the first step towards implementing their goals and plans. It might seem impossible and insurmountable that it forces people to not take any action at all.

But it's important to remember that the only impossible thing is the journey that you didn't take. Yes, the road ahead will be difficult, but it doesn't mean it will be impossible. As long as you're prepared, you've done your research, and you're dedicated and hard working enough, no journey will be impossible for you.

So, don't be scared to take action or to take that first step. Even if you fail, use it as a lesson that you can take with you to help you when you take action once again.

We don’t get to choose where we are born. But we all have the power and capacity to change it.

It will require taking action on our part. And not just any action, but the correct action. Read more below to know the kind of action you need to take.

Personal Finance Quote – Take Action To Get Out Of Being Poor - Here's a personal finance quote that you'll enjoy. It's a quote about taking action today to have a better tomorrow.

Many people experience financial problems in their lives. It's actually a pretty common situation for many people right now. The unfortunate thing is that most feel that having more money will solve their problem.

They're correct in a way, as more money could probably solve their current financial issues. However, if the root cause of the financial problem is not addressed, then more money will just bring more financial problems in the process.

For example, you have trouble with overspending. You always tend to spend more than what you earn, thus putting you in debt always. Earning more money won't solve that problem for you. It will just result in you getting into bigger debts since you're likely going to spend all of the money you earn.

So, you need to address your issue with your overspending first. Once you do that, you will see that your financial problem will start to resolve itself. Remember to get to the bottom of a financial issue. It's best to address the root problem, otherwise it will just continue to rear itself and cause problems.

Many people invest in the market hoping to be able to intelligently forecast the direction of the market and make some money. But that's not the only way for you to make money or invest in the market. You can also invest based on value.

In fact, this is how one of the greatest investor, Warren Buffet, invests in the stock market. The great thing about value investing is that you don't rely on price movements. You don't need to worry about the fluctuations of the market since you're looking more for stocks the value of the stocks, regardless of their price.

The only downside with value investing is that it could take a while before you see your investment bear fruit. This type of strategy is usually used by long-term investors, those who are willing to hold stocks for years or even decades.

Please let the amount inside be enough to cover my recent spending 🙏🙏😅

It's not easy to take control of your spending, especiallyif you're already used to spending your money as you please. You first need to break your bad spending habit and then turn them into good ones. This will help you greatly in gaining control on how you spend your money.

One way to help you break your bad spending habit is to get to the root problem. Usually, our impulse buying is rooted in a particular emotion. So, whenever you get the urge to spend, take into account the emotion that's triggering it. Once you've identified the emotion that's causing you to spend, it's much easier to address it and start building more good spending habits.

I'll just be lazy...you never know what hard work can do to you 😤🤣🤣

Entertainment costs. But you don’t have to spend a lot to have fun. Check out the ways below on how to save money on entertainment.

5 Easy Ways To Save Money On Entertainment.

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A lot of people have ideas and even plans. Ideas or plans that could help them get ahead in life. Unfortunately, only a few are able to follow through on that plan or idea and get ahead in life. The rest just never gets past the planning stage and that's understandable.

It can get too overwhelming for many people which is why they don't even bother starting. But that's the key to getting ahead, getting started with the plans or ideas that you have. And if that feels overwhelming, you can always break it down into smaller steps.

In this way, your plan or idea won't start become overwhelming anymore. You will have an easier time completing these smaller tasks. And if you stay consistent, you'll soon see that you've already accomplished a big part of your ideas or plans.

So, if things feel overwhelming, break them down to smaller task and get started. The key to getting ahead is to start and the key to not get overwhelmed is to breakdown big tasks into smaller ones.

It all happened so fast....😅🤦‍♂️🤦‍♂️

Saving and keeping as much money as you can is important. But it's also important to learn how to properly spend your money. Not all spending is bad, as there are also spendings that are good and can be beneficial for you.

Of course being a wise spender would require education and experience. This is why you will also need to sharpen this aspect in your financial education. Learn how identify good spending that can result in you making more money or achieving a financial goal.

Savign is important. But it won't be enough to achieve our financial goals. You will also need to learn how to spend money wisely. You need to be able to identify if a spending will be a good investment or just an indulgence.

Learning how to manage your money properly is important. One way to make it easier is with the help of digital banks and e-wallets.

These apps provide features that makes it easy to have more control on how you spend your money. Read more below to learn how digitial banks and e-wallets can help you manage your money.

How To Use Digital Banks And E-Wallets To Manage Money - Digital banks and e-wallets can help you in managing your money. They provide features that will make it easy for you to decide how to use your money.