Financial discipline and goals!!!
I decided that if I could earn from crypto platform like hive and other crypto tokens, I would power up, invest for curation purpose and ofcourse i will get there, as i'm just almost a month old on hive platform. It's a gradual process.
For now i will increase consistency and financial discipline, and obviously i will be committing more time to better writing, reading, commenting, and creating better music video content here and via 3Speak channel.
For awhile now, I have been undisciplined with my finances, i don't spend according to my plan and it as affected me a lot. I respond to others needs without taking my capital needs into consideration. I call it sacrifice! lolss! sacrifice indeed!! Mostly! What i get in return is being limited and stranded in paying my own inevitable bills.. Am i saying you shouldn't respond sacrificially to others need? Absolutely NO!!! but we know our capacity and flow of income per tym, so if by proper budget i foresee that responding to a need will affect my day to day expenditure for the month, shouldn't i hold back? I will surely get to a the level of abundance where i can always respond to most need that come way .
Well!! Many are also experiencing financial ups and down. Why? Maybe i should say the major reason is lack or insufficient financial structure and discipline. That's the reason on my own part thou.
Budgeting and Planning: This is an envitable process of thinking and strategizing on what your earnings worth, knowing what should be done, the needs and expenditures, drawing bugdet in order of priority. From economics we remember it is very important to always know there will be alternative cost.
Documentation: A detailed financial analysis and record for every transaction will enhance regular review of financial activities and helps in transparent, accountable and discreet handling of funds.
Self Integrity: By integrity i mean whatever is titled on a certain fund should be exactly what it's used for. Although! it's easier said than done!!! I personally often find it hard to maintain this principle sometimes due to unforseen circumstances, but I'm not helping myself. So I'm more intentional about it now..
Discretion: This will require prioritizing resources in accordance with corresponding needs per time using scale of preference approach.
Saving and Investing: Well!! it requires alot of self discipline to understand that saving and investing is quite inevitable for financial abundance and freedom. I will be more disciplined now with saving certain percentage of my income which must not be touched, only targeted for uncertainties and future investments.
Prudence: The need to spend managably cannot be over emphasized in this current economy. Lols!! you know what i mean?😁😁😃😃
Self transparency/accountability: This will Involve having someone who seldomly have an idea of your plans and expeditures, who can give financial advise or contributions as to the flow and implementation by experience. This as helped and improved me lately.
Thank you for your valuable time utilized in reading through my post. Cheers!!!😊😊
Focusing on building you stake i.e account is something we should try to do here. Contribute to the system as it contributes to us.
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STOPThis is great, being disciplined financially is not so easy as I face same problem sometimes in managing the fund i have. It also face same problem when i'm trading trading greedy without caution.
I guess I learned something from this your post.