Money management, as a series that we have long started under the umbrella of recreating the economy that long existed, instills in us what to do first with the little money we have, how to give it a better direction for better productivity and how to maximize the potential of what we use the money for so as not to constantly complain of lack and not meeting our monetary base but rather be a borrower and a role model to others.
The subject matter of money management and employing it to work for us such that we are no longer in lack but rather flourishing in a right way regardless of what the economy is at the moment, what it is saying and what it is posed to be is a dimension of creating and maintaining wealth with the sole purpose of recreating the economy for the better. Frankly speaking, there are people in the economy we are in right now who are so bad and are making people die of starvation. A typical example in two different news flashes i read yesterday is a man who slumbbed and fainted but was revived because of a plate of food that was given to him and also a pregnant woman who did the same but was revived with the same process. This is showing the height of starvation and the dwindling state of the economy we are in, but regardless, people are still cashing out with it. The question still remains, how did these people, who are cashing out pretty well and turning around this bad economy, make it a special one for them? How are they doing it? What is it that they know that others don't? This is the basis of this article.
Understanding what money management is and implying it for the better, especially during this period when the economy is not that favorable to many people, would be one of the best things one would do for himself or herself, which is profiting too and it will guide the same person through out and make the person survive any season that comes, regardless of how hard or demanding it is. With the already established facts as a reminder of what the economy has turned into and the need to recreate a new one from the standpoint of money management, let's dive into more about this and how to translate it to our learning and more.
Giving the Money you made a Direction
Obvious enough is the fact that one of the reasons why the economy is not the way we wanted it to be is that money is not in higher circulation, such that both the poor, average and richest people aren't having a good touch with the money and pushing it to the higher dimension as it ought. The lack of money in circulation has caused a lot of havoc and as such, it has deprived many people of good things, robbed people of what their good intentions on money are, and rendered some wise ambitions and investment plans adamant and not worth carrying on because the basis of fulfilling their future with money is through good and proper money circulation.
In an attempt to create a better thing through an economy that is no longer favorable, there is a need to understand what money management is and how to give it a better direction, because if money is mismanaged or lacks a better direction, its implication is always obvious enough and sometimes hazardous. Let's take a civil servant earning salaries from the government and having a family to take care of as a good example to explain why giving money a better direction is all for good.
A civil servant earning $300 per month, once the money is paid at the end of the month, divides the money into three proportions: one is for the family, the second is for business and investment and the third is for emergency cases that might arise as life isn't as predictable as one might think. For the family, the proportion for the family includes that food, taking care of the children's school fees and support, and taking care of the wife, as this includes that of the parents of both sides that gave birth to them as the parents they have turned into. The proportion for business and investment encircles turning the conversion rate of the business from a low level to a more promising one. The proportion of the salary added to the business should be small unless the business just started but if not, what is gotten from the business should be enough to reshape it to what the owner wants. For investment, of course, it is important, as investing in stocks and products is indeed a profitable endeavor. That relating to emergencies should be kept accessible at any time and shouldn't be tampered with, as it is of great importance.
Having money and understanding the science behind managing it are two different things and should be taken seriously because not understanding and implying it has made the rich poor and broke with their heads down below. So it is of great essence that we understand this and expand it for our own benefit.
Thanks for stopping by, hope you are blessed by this piece, More series to come, and at last, we all will have a happy ending. Have a nice day ahead.
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