BALANCED PERSONAL FINANCES THE PATH TO FINANCIAL FREEDOM PERSONAL FINANCES✅
The issue of financial balance is one of the most complex and challenging for many people. Although many have knowledge of personal finances, few put it into practice on a daily basis. This may be due to a lack of financial education or a lack of discipline, but the fact is that many workers who earn their own income do not have enough money to face unforeseen events and end up resorting to credit cards or loans. The first difference that is important to highlight is that of having money and having a solid financial structure, which includes responsible planning and management of expenses and savings.
It is important to understand the difference between having income and actually having money available. Even if you receive, for example, R$2,000 per month, that doesn't mean you have that entire amount available to spend. There are several financial commitments such as rent, bills, food and transportation that need to be paid and are essential for survival. This understanding is essential to avoid financially complicated situations, such as thinking you can afford to go to an expensive restaurant without planning and responsibility. It is necessary to remember that having income is different from having free money at your disposal and that it is essential to plan and control your expenses to avoid problems in the future.
Exactly, understanding the concept that the money that ends up in your account is not entirely yours is fundamental to achieving good financial management. When we receive our salaries, it's common for us to get excited and start planning what we're going to buy with the money, but we forget to take into account the financial responsibilities that need to be paid. The idea of seeing money as just a means of exchange is crucial to understand that there is no point in acquiring material goods without thinking about how these expenses will affect our financial situation in the future. This is a common situation and demonstrates the danger of seeing money as just a way of consuming. Without good financial education, it is easy to make the mistake of spending money on superficial and momentary items, without thinking about the future. The danger of this mentality is that, in a short time, the money runs out and you find yourself in a delicate situation. To avoid this, it is important to change our view of money and start seeing it as a resource for building wealth and financial stability. This includes, in addition to paying basic and essential bills, investing in assets that can generate passive income or saving a financial reserve for emergencies.
This is a more solid view. Seeing money as a seed that can bear fruit and grow over time is a healthy and responsible mindset, which allows you to build financial wealth and stability. The more you invest, save and make your money grow, the closer you will be to achieving financial balance and economic independence.
And it's important to see money in this way, it doesn't mean depriving yourself of everything you want, but rather finding a way to balance expenses with increasing assets, to ensure a comfortable and sustainable life.
Feel free to share your opinion or ideas. Furthermore, by subscribing to the channel, you will have access to new videos and content about financial education and balance.
TAGS, VIDEO financial balance,financial planning,financial planning earning little,personal financial planning,financial mindset,financial tips,financial intelligence,how not to get into debt,how to find financial balance,how to achieve financial balance,emergency reserve,money psychology,money mindset,money rules,personal finance,money channel how to make money online,summary rich dad poor dad
