It is the goal of everyone to grow financially and live a better life. To achieve this requires imbibing by certain financial principles, sacrificing a lot and taking risks in order to make it a reality.
Earlier this year after doing a study of why certain people don't end living a good life at old age, It was observed that certain situations befell them which they couldn't recover from or problem of poor planning when things where all rosy.
After the assessment it was discovered that two basic things where missing which was saving and investing. Achieving financial stability requires putting practical efforts and not just hoping on a miracle. To address this, I have been taking certain measures by consciously building my savings and making strategic investments.
Earlier this year, my goal was to attain a level in savings and so far I have doing very well in that aspect. Also made it a habit to also invest in certain crypto projects and I have so diversified across various projects which I believe have a great potential long term.
The crypto investments may not be doing so well due to the bear market but I'm maximizing it by dollar cost averaging without having to touch my savings. Also this was made possible after reducing my spending expenses by half leaving me with enough to cater enough for daily needs.
Sometime this month I also ventured into a physical business (which has been my desire), it requires the importation of goods from a neighboring country at a cheaper price and selling in my country. So far has been moving pretty well.
Having a desire or goal is not enough, we must be willing to push it through by taking certain steps. It is important to start by been frugal in your spending then focus on building savings before investing. All in all, it's about finding the right balance and taking conscious effort. Success isn't achieved in a day. We must be willing to try if we wish for our goals to become a reality.
