Creating Opportunities for others - Personal finance and Economic growth.
Doing a 9-5 job, and having a stable income through business and investment can sure give us financial growth. But these somehow don't flourish the economy. That's the reason why the government always encourages to become entrepreneurs, grow businesses, etc. Because it's a win-win situation for everyone. We can grow personal finance, as well as the economy, will rise.
Now the question is, how can a commoner create opportunities for others if they don't own any business?
Well, there's no certain answer to this. We can do sort of things like paying others for certain services like loaning or babysitting. But that directly doesn't create as much opportunity for others as we can do through business or entrepreneurship.
That's when it's necessary to talk about why we don't think about growing more money. Money may not be on your priority list but who wouldn't love money, right? So if you are financially stable, then think twice if you really want your money to grow more or not. It's true that this is a huge step to take, especially if you are not business-minded like me. Also, it comes with great risks.
That's why I like to invest things in easy sectors. Like investing in a shared business where I only work as an investor and carry 5-7% risks. Also, if you search for the better option I can guarantee you will find a more stable market/business where your money would be comparatively secure. I have some friends who are in the food business and clothing business in the same way. They are business partners but not directly involved with the business.
It goes only for those who have money but lack business knowledge like me.
If you have money, then go for direct business or investment in a better sector. Create opportunities for others. When you are well stable in terms of personal finance, maybe that's when you need to think big. I came to realize this lately after seeing the after-pandemic world economy. We all need to contribute a little so that we can solve the unemployment issues.
Remember, not everyone has money and lives a very feudal life. They can't create their own opportunity if there's no fuel from outside. We need to be that fuel. It's not like you are doing humanitarian activities, it's more like letting your money work for you. Because if the economy doesn't run smoothly we all will be sufferers.
Thanks for visiting my blog.
