If you don't mind me asking, how is your
financial life. do you often find
yourself under financial stress having
an occasional money crunch? happens to
people of all income levels. the problem
is when it occurs too frequently, having
to live in a financial, the distressed
environment is not only taxing on your
mental health, but it disturbs your
entire family's mental peace.
In my years of working as a financial coach, I often
do a simple activity with the program
participants.I ask them to imagine their
life without any financial burdens, and
more often than not it acts as a strong
motivator for them, and it can happen to
you too.
it is possible to realize their
money goals through effective personal
financial management.in this video I
share some of the benefits of leading a
financially disciplined life for 10
years or longer.
I am manera que hago, and this is money
skills. the channel that informs
etiquette and sometimes challenges
conventional thinking to help you manage
your money better, and ultimately to help
you attain financial independence. if you
are new here please click the subscribe
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whenever I upload a new video each week.
Remember to stay tuned in up to the end
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tell me do you control your money or
does your money control you? and that's a
tricky question if you are in control of
your money or your finances, life can be
peaceful as you get to decide where your
money goes and you do not suffer a lack
of important things in life or stress.
due to inability to provide if on the
other hand you're living under adverse
financial circumstances, it may seem
impossible to get out of this ever
growing financial Trench.
However that
need not be the case, you can gain
control of your personal finances
through budgeting lifestyle changes and
financial discipline. you'll enjoy an
everlasting financial harmony in future.
you will be then in control of your
finances. mindful spenders are more
likely to achieve their money goals, as
compared to their impulsive counterparts.
Budgeting is a part of active personal
financial management, and since when you
are budgeting you are routinely
allocating money towards your financial
goals.you are much more likely to
achieve them it could be both short-term
or longer-term goals.
proper money management lets you track
your progress every month. the longer you
practice it the more goals you will
achieve.just imagine where you could be
in ten years one of the greatest side
effects of financial problems is stress.
If you have financial crisis you are
more likely to experience stress
in your daily life, in fact continuous
money problems could have a detrimental
impact on your relationships.and on your
health on the other hand if you have
manage your finances well you live a
stress-free life. another thing you will
be able to achieve in 10 years is to get
out of debt.
Have you had the problem out of debt out
of danger? it's a blessing people have
been telling me the same thing after
getting out of debt for years. the modern
world runs on credit so you're highly
likely to accumulate, that one way or the
other it could be your help that alone a
car loan or a personal loan from the
bank or a psycho loan
following a financial plan or budget
allows you to repay your debt quickly.
Furthermore a sound financial plan will
help you repay the costliest
debt fast, the one with the highest rate
of interest thereby reducing your
overall cost of the debt with effective
possible financial management living.
paycheck-to-paycheck
will be a thing of the past within 10
years.people who stick to their
financial plan and practice some level
of fiscal restraint are able to break
out of the paycheck-to-paycheck routine.
since you carefully budget your expenses
prioritize debt payments and save money
for emergencies and other goals you will
no longer be waiting desperately for.
Your paycheck each month you will truly
be in control of your finances, and
that's a wonderful feeling when you are
under financial stress it becomes hard
to discuss finances with your spouse or
your family finances are one of the
primary reasons behind fights among
couples. in my experience financial
problems more than once lead to
emotional outbursts and even break
relationships.so succeeding in personal
finances is critical for a happy life.
When you are managing your finances
properly many discussions don't hurt in
fact,
you can discuss freely and without
overwhelming emotions.
investment
opportunities goals and occasionally
splurge with your spouse this will be
your experience within ten years and for
the remainder of your life financial
emergencies come unannounced. it could be
a medical emergency, loss of a job, or
even natural calamities. it pays to be
always ready. people who are in control
of their finances account for such
emergencies for example you can handle
any medical emergencies by having
sufficient health coverage or insurance.
Similarly you can tackle job insecurity
by having an emergency fund that could
last up to six months or longer. having
these arrangements ensure that you will
be able to provide for yourself any
family.
During an emergency you will be
able to identify a financial problem in
advance if you manage your personal
finances correctly, you can predict any
major financial issues coming in the
future through simple analysis.for
example retirement planning if you are
regularly contributing towards a
retirement with a specific figure in
mind, you have a fair idea of the
retirement fund that you'll end up with.
If this falls short of your goal for
some reason, you can always increase the
contribution or reduce the expenses to
avoid significant financial disaster in
the future. therefore financial planning
helps you avoid problems not only in the
present but in the future as well.
10 years of financial management will get
you to that position. do you feel guilty
when spending money chances are that you
sometimes do especially when giving
yourself a treat or planning an extra
vacation in the year?if you are a
careful spender and know your financial
circumstances you can get rid of this
guilt at least reduce it considerably,
because you know
fact that you are doing the right thing
you are being responsible with money. I
always suggest that families have fun in
their lives. proper planning and
budgeting for your expenses along with
pleasures will set you free from any
guilt, the bottom line is this being in
control of your money is rewarding it
introduces flexibility in your life,
allows you to go after new opportunities
and handle financial challenges.
comfortably it is crucial to understand
that personal finance isn't as
complicated as people consider it to be,
proper budgeting saving for financial
goals and having an emergency fund is
all you need to do to be on top of your
finances.if you are ready to restructure
your financial life for growth and
prosperity click the link below to go to
a financial coaching page where you can
book for a free financial independence
coaching session.
Thank you for watching
and if you enjoyed this video please
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professionals make, and how to avoid them.
to download this free report follow the
link below to my website see you next
time
[Music]
English (auto-generated)
https://youtu.be/UwPrJmOxPeI
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