Finding Financial Stability is Not Hard
We all want something nice for our lives, a nice watch, car, house, that trip you’ve been wanting to do. We want to do it all, but there is just one missing piece. Money. If you have money, you have the time, the opportunity, the means, and everything else. We struggle with just that piece of paper, but it shouldn’t be like that.
If you are wise about what you are doing, you can have it at levels that you are desiring. It might take quite a lot of time, but it’ll happen in the end if you stick with everything. Life is just a way forward where we try to make things happen. It shouldn’t be something where we try to make ends meet. That’s for people who can’t keep up with the hardships of life.
We always hear that you should work hard, wake up early, have no social life, and do everything all the time altogether. That’s a big ass lie. If you do this, you’ll burn out in an hour. You have to be smart about it.
As someone who grew up with nothing, I understand the importance of hard work and determination when it comes to achieving financial success. However, I’ve also learned that simply working hard isn’t enough — having a solid plan in place for managing your wealth and sticking to your financial goals is crucial.
Five years ago, I wasn’t even financially close to where I am now. I didn’t have a good job that paid well, I was studying, and I was happy if I had like 100 bucks in my hand at the end of the month. However, I always had goals and motivation. I always worked towards those, even when I felt like I wasn’t doing anything toward what I wanted.
I learned on the way, I learned the details of personal finance, passive income, and wealth management. I always knew that having a clear plan for managing my money and making smart investments was key to achieving my ultimate goal of becoming a millionaire. But I didn’t know how to do that. I just knew I needed to do that, and I just tried and learned.
One of the first things I did was to start tracking my spending and creating a budget. This helped me identify areas where I was wasting money and adjust my spending habits. I also started investing in assets that would generate passive income. My route was dividend stocks — although that’s not my eventual only goal for creating passive income.
I also believe in the power of financial education and literacy. I have read books and articles and watched videos on financial education. I have learned that it is important to understand the different financial products available and choose the right ones for my needs.
Through these efforts, I’ve been able to build a solid foundation for my financial future. I’m now much closer to my goal of becoming a millionaire than I was five years ago. But I know that achieving this goal will take time and continued effort.
Five years ago, I didn’t have much, just a thousand dollars, and that was it. I started freelancing when I was only 15 years old, and even though I did a good thing at the time, I did something even worse. I kept my money in cash and didn’t invest it. That money lost A LOT of its value, giving me basically nothing when I graduated. But, it’s never too late. I started investing in dividend stocks which gave me quite a good income foundation.
I spent perhaps a year without any income and just working for free when I first started my freelancing career as a side hustle. But as I was patient enough, things took a turn after a year, and I started making good money. Now, I have two side hustles on top of my full-time career and a good portfolio of dividend stocks. From nothing five years ago, I now have 4 income streams.
I want to stress that anyone can do this. No matter where you come from or your current financial situation, it’s possible to achieve financial success with the right plan and mindset. It’s important to set clear financial goals for yourself and to stay focused on them.
One of the most important things to remember is to not get discouraged by setbacks. There will be times when things don’t go as planned, but it’s important to stay the course and keep working towards your goals.
In conclusion, wealth management and sticking to your financial goals is crucial for achieving financial success. It takes hard work, determination, and a solid plan, but with the right mindset, anyone can achieve their financial goals.