Life, sometimes it is full of ups and downs . Personal life can be easily influenced by some decisions others make that have great impacts on ones achievements. Life turns to be easy for some people whilst others in the same situation give wrong interpretation to life. Human beings are sometime in life have a lot of choices or chances but how to select workable one is tough. Choices become less when one make mistakes with the strategy to make the first choice. We normally face problem when we make wrong choice and at that time, the choices will become less and ineffective. Every problem in life has a solution and the best solution also bow down to the choices you are going to make. The choices that are accidentally suggested may drive you into serious issues.
If you are someone struggling with financial independence and instability in worth, you are at the right place. Just follow these ten ultimate guidlines to make the best choice for which I am sure would make a great change to your financial plans.
1.Some workers become poor due to lack of proper planning. Success does not come by chance, those that made it accidentally have no experience and proper planning so their financial base has no proper backing. Anyone who earn some money at the end of the day or month no matter how little it is can achieve what other billionaires do. The only secret is one must draw a feasible budget before receiving his /her earns. The budget guide against impose buying and help one prioritize his/her needs.
2.Proper discipline must instilled into the budget. Discipline is a very important part of human life which keep one within his/her targeted zone. With a discipline one can be able to stick to his/her plan. For instance, you can draw a strategic budget which may stop misuse of money but without discipline, you can easily change the budget elements without any serious consideration due to external influences. This means that one can spend his/her money on things that are not needed most at that time. So discipline guide us toward our plans.
3.Develop plan A and plan B. Sometimes you become confused when a target is not met. Some plans can fail if they are not feasible enough to be fulfilled. So to avoid failure and confusion you must have plan B to fall on when plan A is not successful.
4. Creat multiple bank account for saving and automate bill pay. To be able to have strong financial base, you need serious savings. You need to allocate some percentage of your salary for saving and manage to live within what left. Multiple accounts for different plans help in resource allocation. You can best save money when you make a good choice of what you should buy, where you should buy it and the best time to buy that thing. Sometimes your partners can make you spend outside of the budget. So you must be self rooted and stop telling everyone your plans.
5.Make proper expenditure plan. To be able to make good saving you need to plan how best you can spend the rest of the money after savings. Assuming you save 70 percent of the your salary and you are left with 30 percent. The best way to spend that is to look into the kind of things you buy, the best places to buy those things at the cheapest prices and the best time to buy them. It is good to draw a scale of preference, that is to write your things to buy in order of importance and stick only to the scale when buying. For instance, if you have $50 for shopping which you think is not enough to take care of all your things that you plan to buy, you must look for the best places where you can get a quality and low price things to buy and you most buy the most needed things first before the less needed ones.
6. Try to expand your revenue sources to make more money. After some number of months or years of serious savings, you must do proper investment which can generate more revenue for further savings. Making investment is a great development which will go a long way to make study flow of income. Their are so many ways to make extra money if you wish. You can render a lot of services online and make money nowadays. Some business like buying and selling things, that are mostly used in your area, investing in housing project, collecting susu, setting up a factory, offering home services, setting up a printing press or internet cafe, renting apartment, doing agri-business and many more.
7. Developing mindset and self principles. Most of the great people were known by their personal principles that they uphold. You can easily achieve your goals if you make a strong personal principles and mindset for yourself. They serve as internal rules and regulations against any external counter influences which can possibly make you miss your plans. Human principle is what make one receive expected treatment from others. For instance, tuitor with unique principles will be treated according to his/her lay down principles. Self rules and regulations instill self discipline, thus guide one to stick to his/her target.
8.Self assessment and acceptance of external knowledge. Sometimes when the going seem to be tough, strategic data collection and analyzation need to be done to put things right. Experience, they say is a good teacher. Tapping knowledge from the experts help most when preparing to do something new. For example you will hardly be the best producer of a product if you refuse to take experts and customers advices. So to be able to succeed in a business venture, a lot of research need to be done on the venture to be able to take the best steps. For instance, if you want laptop business. You need to gather information about the type of laptop people like buying in that area and where you can get those laptops at a cheapest prices.
9.Personal record and documentation of ones events. Making a reference to previous achievements bring about standardisation and originality in the output. Proper documentation of ones events guides against mistakes in the near future. For example, the records of previous strategies and techniques which worked best at that time can be built on to make a successful venture.
10. Profitable use of time. No matter how good you plan your life if it is not time bound, your progress can not be measured in times of time. Time play crucial role in every aspect of our daily lives. Time consciousness brings efficiency in ones life. So you must always guide your plans with time to be able to get your expected result.
No comments:
Post a Comment