@Danilyn29 25 August 2020 edited

Money Life Lesson

-Regardless of your age, you must have financial goals. Having goals guide you in how to spend or invest your money. It gives you a clear view of your financial landscape. -It takes a lot of mental willpower to succeed financially. Financial success does not happen overnight. Sometimes, you experience financial setbacks that will be very difficult to overcome. Facing this reality will help you face challenges on your way to financial success. -Develop a healthy relationship with money. Money is a tool with which you can acquire what you need or want. It would be silly to say that having money is not better than needing money. But money shouldn’t govern your life. Your life gets out of balance when money becomes the primary focus of your life. It is important to become financially literate, make smart money decisions and plan for your future. But don't obsess about money. It is only a tool. -Avoid impulse buying. It is a common tendency for people to buy things they don’t need when they have extra income. Avoid this pitfall if you aspire for financial success. -There is no one-size-fits-all financial formula. Every financial situation is unique. What might be the right financial move for a single 20 years old may be a catastrophic misstep for a married 50-year-old guy with kids about to start college. income. Debt. Savings. Levels of acceptable risk. Responsibilities. Overhead. All of these things and more make for unique financial situations. The only way to figure out the right financial moves is to **educate yourself on personal finance**. https://www.developgoodhabits.com/best-personal-finance-books/ Subscribe for more ;)