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Exercising Financial Control From Debtor To Investor.

July 11, 2018 by  
Filed under Business, Money, Opinion, Weekly Columns

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(ThySistas.comBeing in control is the key quality you need to enjoy life.

You need to be in control of what you do, who you see, where you go, and what you decide. In other words, the moment you lose control of your life, you lose your fundamental freedom of choice. Only people who have freed themselves from the burden of social expectations and peer pressure can truly enjoy life at a different level.

Similarly, exercising freedom through control is also a significant factor in wealth. Indeed, without financial control, debts are likely to occur and put at risk the comfort of your lifestyle. It’s a well-known story: When you exercise control over your finances, you free yourself from potential issues and risks and can increase your income. In other words, whether it comes to your life or funds, the more control you apply to your situation, the more freedom you can get how of it. Here’s a financial control can transform your situation from debtor to investor in three simple steps.  

Finances are about managing yourself and external factors

Debts can rapidly take over your life if you’re not careful. Indeed, there are too many stories of people struggling with payments and invoices that debts are often depicted as a natural phenomenon by the media. In reality, debts occur when you lose your financial overview. Expenses can accumulate, and earnings seem to disappear too soon. Stop the vicious cycle before it destroys you. You need to accept the reality of your financial situation. It’s the only way to bring your account out of the red, as once you know where you are, you can build a strategy for the future. You can control what you don’t know. So the first step of financial control is to get familiar with the factors that affect your financial independence.

Researching your choices

Knowledge is the core of financial control, for your debts, but also when it comes to your investment. For instance, if you’re looking to build an investment portfolio on the stock market, you need to be aware of the recent market fluctuations. If you’re looking for agricultural investment, you should avoid any soybean supplier for the moment, as the trade war between the US and China puts these stocks at risk. If you need to take financial decisions, make sure you have all the data, whether you need a loan or you want to find the best saving account. Knowledge is freedom!

Taking the first step in the investment world

The peak of financial control is, naturally, to be able to build an investment portfolio. However, investing is a risky business that can affect your wealth positively or negatively. Consequently, unless you are an expert investor, it’s best to set an investment strategy that doesn’t deliver a high short-term ROI, but that builds up over time. You can research the best investment account for your situation and let it work for you. When investing, remember that bonds are safer than stocks. But the more you know about stocks, the more profitable risks will be.  

In the end, knowledge is the light that guides you through your financial control journey. The more you know, the better control you can exercise, and the more you can earn. From zero to investment hero, it’s all about the right financial control.

Staff Writer; Leslie Parker

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