8 Skills you must possess to be financially successful
Whenever we dream of a good life, we think of a better place to live in and a better way to sustain our living. To do so, we must be hard-working and have all the necessary skills to be financially successful so as to bear the cost of such.
This is a rapid world of changes, to be a part of it you must resonate as per its accord.
In the present times, we must try to find a proper place to fit into this society. There is always room for improvement and betterment.
Here we will find out how to boost our spirit for a smooth financially successful life.
For an easy comprehension, we will divide the process in stages, where you will have to follow each stage chronologically. But before you start, let me remind you:
Stage 1 : Plan a career that suits you the best
If you have interest in physics but landed into economics, well then, you are dealing with wrong numbers. Make your passion your mode of working.
If you are a parent planning for your child’s future, give the freedom to choose what he/she wants to do. There is a place for everything in this world. Be a guide, don't be an obstacle.
If you are a youngster reading this for tips, then choose the path where your interest is.
Stage 2 : Accept changes as they come
Don't be rigid to alterations. Be a believer of this ever changing world. Being nostalgic is artistic, but clinging onto old goings will only make you suffer.
You must leave this place even though you have good friends. Good friends will remain, but a better career opportunity won't last long.
For the survival is of the fittest.
Stage 3 : Take heed of investment seeds
Don’t be so obvious of the future. Never give a chance to the future to betray you.
You can also make deep down investments in real estates or luxury goods like Diamonds, antiques and basic jewelry.
It is always better to go for a consultation before you start investing.
Again, you must consult for there are cases of emergencies in life, where you might need a lot of money to handle those situations. So it is always best to have a flexible amount in hand in cases of impulsive hours.
Stage 4 : Be a fundamentalist and track the market
In the present world, it is practical to invest in shares and mutual funds. For mutual funds, you must be wise and lucrative in your investment strategies. But choose not to choose false agreements.
This place is termed to be fraudulent, as we humans gave it the reputation.
Now coming down to shares.
Be clever enough to understand the market. Spend time researching which shares will be a good turnover.
Stage 5 : Learn to say no to debts
Don’t hurry in establishing your dreams and wants. Learn how to be positive.
Incurring debts may give you a momentary rush of smile; but there is an old rule that says, a debt can never be paid, it is only delayed.
To stay honest is the best way to earn money and respect. This I consider a great artistry to be mastered to be financially successful.
To really understand how much materialistic values you need in life to be happy, I would recommend you to read Leo Tolstoy’s “How much land does a man need?”
Stage 6 : Follow the 50-20-30 budgeting rule
This is the most easy and practical step that can make anyone come to a grounding position.
This is an easy skill to be financially successful that anyone can follow.
You can refer to the same broader article by us, for more information on this subject.
Stage 7 : Be a negotiator, be a prolific speaker
Master the art of discourses to succeed in this world of languages. You are what you speak and what you do.
Be debating, no matter how ridicule it sounds. Seriously, what’s there to negotiate? You ain’t buying even water for free.
The less you pay, the more you save. Don't be hilarious in debating over a price, just be sensible.
Stage 8 : The rules to let you rule
There is no tomorrow
Act now, there is no room for the late and the lazy. Be active. Learn to choose fast.
Those who are really successful today never waited for their turn to come, they took their turn and turned it into a story of history.
Don’t be one of those fools who thinks cheating is the fastest way to succeed.
Have patience and maintain your goals
Nothing comes easy. You need to maintain your perspectives straight. You do your job, and just wait for the results. If you have done it right, you are bound to get showered in the fruits.
Fail again and again, but never quit the game. If you think this is not your part, then reboot yourself from Stage 1 again.
With this my friend, you are now coded to run this race. Run fast to win, but be cautious not to tumble down.