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It turns out that earning money and shepherding money long term requiretwo different skill sets.
Our business, established in the 1950s, was a significant player in the industry from 1970 to 2001 …
In 2013, amidst our financial crisis, I developed an interest in programming.
This challenging period taught me several invaluable lessons about money and resilience.
Here are some key money lessons I learned after losing it all.
By September 2016, Adam C. Miller introduced me to the world of digital marketing.
Despite the lack of resources and guidance, I persevered, slowly learning about digital PR …
I also delved into local SEO (search engine optimization) ande-commerce business models.
After our familys textile business shut down, there was no one to restart the hosiery textile business.
Maintain a Financial Cushion
Everyone needs an emergency fund.
Always keep cash savings to cover basic living expenses and emergencies.
This reserve should not be touched for business investments.
Whether its abusiness or job opportunity, dont let it slip by.
This principle helped me when I ventured into digital marketing withoutimmediate financial returns.
Property is a stable and valuable asset.
Buying property ensures a secure future for oneself and ones children.
It provides a safety net that can be invaluable in tough times.
Prioritize Health
Would you swap places with abed-bound quadriplegic billionaire?
Some things are more valuable than money, and your health is one of them.
Financial stress can take a toll on mental and physical health.
Its vital to prioritizepersonal and family healthover business or job pressures.
Ive seen people make drastic decisions under financial strain, which only exacerbates their problems.
Plan For Your Childrens Future
If financially able, buy homes for your children.
This ensures they have a place to live when they become adults and reduces their future financial burdens.
Even more importantly, teach them about personal finance, budgeting and investing.
Bring in an outside expert to teach them and yourself the skills you should probably create generational wealth.
Final Thoughts
Comparison is poisonous, observed Karl Tippins, editor in chief at the publicationInterestRate.co.uk.
The problem is that this competition only exists in your head.
Being born rich is such luck already; it gives you a good head start in life.
Stop comparing yourself to the 1%.
Start designing an intentional life around work you love, on your own terms.
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