Financial stagnation and factors that affect your financial growth , A typical life experience of how one gets financially stranded.
Hello Hive
Financial growth and development is a vision and goal everyone wants to achieve. It is not healthy for anyone to be stagnant in life not in any way and not financially either.
It is a norm now that the rich makes friend with the rich and a poor man has no friends.
You have to be willing to fight hard and change your status or standard of living before you can be accepted in some society.
Breaking the circle of poverty most times does not come easy, you have to fight and fight real hard.
Alot of distractions come in to disrupt your goals, savings, investments and visions. I have been wallowing in this states for some years now. And am sure that there are a few persons who have been here before.
Too many drawbacks hinders ones financial growth, from economic and country problems to family issues that requires ones attention.
Take a look at what my own scenarios looks like. Even though Hive blockchain had come as a good help, and I have earned some good sum blogging here negative patterns of occurrences keeps on repeating itself on a daily basis b and the hive earning that could be used to start up a business or find more investment to break this circle of poverty is hence challenged into rescuing a father health, saving a friend from police case, prison or arrest attending to other important bills like siblings school fees and many other rescue operations, it is really crazy around here.
You may not understand this much, but channeling your finances into different rescue
Operation totally hinders your financial growth and one may remain stagnant for years if a proper adjustments is not made.
I am not writing this out of self pity and all but this is the pattern for so many people around here
What is way the forward and possible means of breaking out of poverty?.
Could it be that one has to ignore this financial burdens and focus on buildings ones finances first?.
What if I lose a mother because I made an investment and am not willing to withdraw the funds for her treatment.
Regardless of these challenges one must find a way out.
Remember that people are not interested in your challenges or how hard you fought until they see an evidence of your success.
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Hmmm
It's a tough nut to crack.
However, you may need to apply principle of expenses, have a minimal certain percentage that goes in for each sphere of your life: emergency, investment, savings, etc
Family first always though but then, let there be allowance for growth and financial independence. The long run pays
Hmmm
That's one very good point and an achievable plan..
Thanks for sharing this. 👌
My dear you've said it all. A poor man has no friend. Leaving the stream of poverty is actually a tough problem in the society as many tend to survive on either a sister or brother's wealth which is not really cool. I just wish we can get enough knowledge on how to leave this poverty stricken life.