Finance, finance and finance, this is a great topic that has been discussed over a million times, we cannot ignore the fact that we need money to run our everyday expenses and for this reason discussing about finance cannot be ignored. Financial growth and financial stability plays a major role in a man’s existence and managing finance properly until we get to a possible height of financial stability says so much about us.
If we are eager to grow our finance which I believe almost every man on earth is willing to do then we need to be most likely certain of the need to learn about it all the time, as for me topics relating to finance is a thing I always like to learn about and as much as I learn about it, I also like to talk and write about it.
Expensive dinners are definitely going to be the first thing I will be discussing, because we want to take selfies and show to the world that we are able to afford expensive dinners we simply jump right at it and regularly going out to have expensive meals in no way defines us as being wealthy, it is a simple decision that takes money away from our pockets and does not add anything to the pocket.
Purchasing luxurious items like an extremely fancy car or mobile phone is also not a good financial step, do you know that the mobile phones that some people purchase for the purpose of luxury is what some other people use as an instrument to immerse wealth, so getting luxurious items because you are trying to follow the available trend might not be a good financial decision.
It is actually very important as well that we get the difference between what a liability and an asset is, those things that continue to generate income for us will definitely serve as an asset and the things that take out funds from the pocket are certainly liabilities, Getting familiar with these differences will place us on a better financial stand.
After this idea has been carefully understood, then we must also mention the need to go for assets first before we purchase liabilities, surely we would have worked up till a certain point in our lives when we begin to desire some luxury that we can comfortably afford and at that time we just have to get them but before then we should have created assets that will serve as a powerful instrument to generating the income on a regular basis.