Using your 10 fingers to eat

One of the things that scare me most in life is how money can quickly come and go. I would like to share my experience from what I’ve seen in my environment. How people can make a lot of money, I mean generational wealth, and within two years they are already struggling to meet an end. Sometimes this might look impossible on paper because you have so much money but in reality, it takes something to happen for you to lose it all.

 I know some guys in my area a few years ago, those guys had a lot of money I don’t know what happened to them and I think something happened to their source of income or maybe it was bad spending but they cannot afford their lifestyle again and they are struggling a lot. I don’t want to blame them but one thing for sure is the kind of mentality and how we see money is very important. This is the reason why some people were able to control money for a long time and why some people lost it all within a short period.

Nothing is save

 One of the major problems people face is thinking that their source of money will never run dry and this is because it looks impossible for it to happen on paper, but it only takes one situation for everything to change. Most people don’t always consider ‘’what if’’. When it comes to money that simple question can change your approach towards money because immediately you understand that nothing is safe because a simple policy can affect your source of income.

A common mistake that people make is believing that they will see another money tomorrow. I know it is very important to create a cash flow, but we should always think about what if something happens to our cash flow. Most people don’t think like this and this is the main reason they lost it all, but we have some people that even consider investing their money but end up losing it all.

The simple method that has helped a lot of people is that they save for rainy days

Anything can happen to your money but you can also secure your future by planning and saving for rainy days. Rainy days will surely come, and your plan for the future is very crucial at that time. It is your understanding of the fact that things cannot be going your way all the time, there will be times that your finances might not be going well but the plan that you’ve made for rainy days will save you. We should never think that that is how it will keep going, We must understand that anything can happen when it comes to finances.

Thanks for your time.