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4 Habits To Avoid For Financial Security

4 Habits To Avoid For Financial Security

In our world these days, money has become a debatable conversation. On one end of the world, the elites hoard money and gold bars while on the other end millions are fighting for a dollar. Therefore it has always been the largest community in the middle that’s in the fine line of falling through either end or staying stable.

Financial literacy has been a major subject for many discussions as we lack financial education in our schools, home, and work. These have led to many unforeseen circumstances for many families; the impact has been a catastrophe, which wasn’t intended. Therefore, it’s become crucial for one to understand how to protect one’s assets.

Here are a few pointers to ensure your financial stability excellence despite a terrible economy in the future.

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 1. Avoid Spending Like A Fish

You’ve heard the statement drinking like a fish; however, there are instances where one spends like a fish. We grew up watching Hollywood painting luxury and brands as affordable items for many. Therefore, the moment we start earning a sufficient income we tend to spend on Bvlgari, Prada, and Armani and we forget that even flea markets offer the best options too.

However, these forms of investment hold value only under one’s eyesight and they fail to provide any financial values. Eventually, this form of unprecedented spending leads to a bad financial status. Therefore instead of spending your money on invaluable assets, try saving and investing them in profitable and passive income generating avenues.

2. Avoid Investing in Unsolicited Investments

Well, we have all heard that investing is the best way to ensure financial security. However, an unsolicited investment such as bets and gambling can lead to a great loss. Usually, this happens in the superstitious-ness of one’s mind; being influenced by the Do’s and Don’ts of gambling or avoiding the Number 13 bets becomes the key factor when one indulges in gambling.

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However, one must also realize that not everybody can be the master of the game and the house always wins. In our world, being influenced by quick cash and fast riches has to lead to the destruction of many finances. Therefore, investments are definitely a good idea, however, there’s a fine line between investing in a share market and investing in a slot machine.

3. Avoid Putting All Your Eggs In One Basket.

You might have heard this saying, “don’t put all your eggs in one basket,” and that definitely resembles how finances should be handled too.

This concept applies to savings and investments. Therefore, instead of keeping all your money in one bank account, one might as well diversify one’s assets. Hence transforming all income into either valuable assets, bonds, savings or other currencies is an excellent idea.

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This gives you a cushion and a backup plan in case one of your finances falls through; you will definitely be able to recuperate through your other “baskets”.

4. Avoid the Term “Settling Down” Until You’re Ready

Humans are programmed with a routine; we are all taught at a very young age that the biggest priority is to follow a pattern of life. Many of us find our soul mates, get engaged, married and proceed to have children. This is where the term “settling down” comes in. Our first investment would be a car and a house under a mortgage. While many debate the importance of not having a real estate and asset investment, Guy Kawasaki mentions that taking a mortgage is what has kept half the world population in debt.

Hence, avoid the term settling down until you’re ready. You should have a surplus of passive income, which gives you the comfort and confidence of purchasing an asset or real estate without being bonded with a mortgage. Loans and Mortgages exist as a diabetic sepsis to keep the world constantly in debt.

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Hence, if you’re able to break free it gives you a great incentive for a financially stable life.

There are many ways to ensure your financial stability. These are some simply, precautionary methods to help you towards a stable, wealthier and happier life. While many say that money doesn’t buy you happiness, it certainly builds a bridge for it.

Featured photo credit: Tumblr via europedirect.lt

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Last Updated on October 18, 2018

50+ Best Motivational Quotes To Prepare You For Any Challenges In Life

50+ Best Motivational Quotes To Prepare You For Any Challenges In Life

Life is filled with highs and lows —happiness and struggles that will test your resilience and integrity, push you to overcome challenges and leave you with lessons that will make you even stronger on your way up.

It’s the way you feel and think about yourself, including your expectations and beliefs about what is possible to you, greatly determines everything that happens to you.

It all starts with your thoughts. When you change your thoughts, you transform the quality of your life. (Right, Nancy’s story is a typical example!)

Below is a list of the best motivational quotes to inspire you to start your day with a blast:

Quotes for self-assurance

1. Don’t downgrade your dream just to fit your reality, upgrade your conviction to match your destiny.

    2. You are braver than you believe, stronger than you seem and smarter than you think.

      3. You are confined only by the walls you build yourself.

        4. The man who has confidence in himself gains the confidence of others

          5. You attract what you are, not what you want. If you want great, then be great.

            6. It’s not who you are that holds you behind, it’s who you think your are not.

              Quotes about positivity

              7. Stop being afraid of what could go wrong and think of what could go right.

                8. You should never regret anything in life. If it’s good, it’s wonderful. If it’s bad, it is experience.

                  9. Falling down is an accident, staying down is a choice.

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                    10. If you have the power to make someone happy, do it. The world needs more of that.

                      11. Always believe that something wonderful is about to happen.

                        12. Don’t be afraid to give up the good and go for great.

                          13. Remember that life’s greatest lessons are usually learned from worst times and from the worst mistakes.

                            Quotes for work and success

                            14. Don’t talk, just act. Don’t say, just show. Don’t promise, just prove.

                              15. Never stop doing great just because someone doesn’t give you credit.

                                16. Discipline is doing what needs to be done, even if you don’t want to.

                                  17. Work while they sleep. Learn while they party. Save while they spend. Live like they dream.

                                    18. The key to success is to focus our conscious mind on things we desire, not things we fear.

                                      19. Never apologize for having high standards, people who really want to be in your life will rise to meet them.

                                        20. If it doesn’t challenge you, it won’t change you.

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                                          21. Never give up on a dream just because of the time it will take to accomplish it, time will pass anyway.

                                            22. Don’t fear failure. Fear being in the exact same place next year as you are today.

                                              23. A hill is just another opportunity to leave your competition behind.

                                                24. Don’t quit. You’re already in pain. You’re already hurt. Get a reward from it.

                                                  25. Hustle until you no longer need to introduce yourself.

                                                    26. You didn’t come this far only to come this far.

                                                      27. Be selective in your battles for sometimes peace is better than being right.

                                                        28 If we keep doing what we are doing, we’re going to keep getting what we’re getting.

                                                          29. You will never know your limits until you push yourself to them.

                                                            30. Do what you have to do until you can do what you want to do.

                                                              31. The man on top of the mountain didn’t fall there.

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                                                                32. If your dreams don’t scare you, they are not big enough.

                                                                  33. If you can’t handle stress, you won’t manage success.

                                                                    34. Don’t be pushed by your problems, be led by your dreams.

                                                                      35. Don’t mistake silence for weakness. Smart people don’t plan big moves out loud.

                                                                        36. Simplicity is the ultimate sophistication.

                                                                          37. Obsessed is the word the lazy use to describe dedicated.

                                                                            38. You become who you spend your time with.

                                                                              39. Be stubborn about your goals and flexible about your methods.

                                                                                40. Hard work beats talent when talent doesn’t work hard.

                                                                                  41. If you don’t build your dreams, someone else will hire you to build theirs.

                                                                                    42. Between stimulus and response is our greatest power –the freedom to choose.

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                                                                                      43. What comes easy won’t last, what lasts won’t come easy.

                                                                                        44. Don’t limit your challenges, challenge your limits.

                                                                                          45. Work until your idols become your rivals.

                                                                                            Quotes about money

                                                                                            46. Formal education will make you a living. Self-education will make you a fortune.

                                                                                              47. I create new enemies every day, it’s called business.

                                                                                                48. When you have a Million Dollar vision, don’t surround yourself with 1 cent minds.

                                                                                                  49. You can’t get rich thinking poor.

                                                                                                    50. Doing what is comfortable is rarely profitable.

                                                                                                      51. If you can count your money, work harder.

                                                                                                        If you find yourself feeling lost and frustrated, it’s never too late to change things up. Check out this guide:

                                                                                                        How to Start Over and Reboot Your Life When It Seems Too Late

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