Failures ;loses,loss of a job,investment collapse and stolen resources one is then forced to work in available jobs,save as much as possible and spend on essential needs only
Finance :The total value of one assets and liquid cash.Finance of different people vary because of : adequate knowledge,harsh environments,unemployment rate and economic,political and social settings.
Saving :After saving for a long time there accumulating capital.Take note because of the low interest rates it looks hard to save and accumulate capital,so lessen quick expectations and fast gains
Investments : start new projects for a start low capital projects and not a risky one.When a project is established surely more earnings and financial stability
Failures - is when one is unable to cater for his essential needs. Causes :loss of a job,investment collapse,stolen resources,accidental loss,accumulated debts and weather conditions.
Dealing with failures ; do all jobs available,spend on essential needs only,save as much as possible,look for grants and loans from non profit making organisations, sell your shares if any and assets that can be replaced when you retain your financial stability.
Urgent use; outomes that need to use money,though some you can do without, so one decide either to use money or not . Basic needs ; Here one can not do without ,so he must spend money . Compulsory use ; here one is forced to use money and can not fail for example burial .Services : services are both basic and essential but in case he does not spend can not affect him .These includes ; health,education,insurance ,pension e.t.c.Entettainment ; some consider them as basic but for some there are not basic for one can do without. These include Christmas,birthday parties and travels and tours
Salaried jobs ;Here one is paid monthly plus other allowances.It can also be casual employment where one is paid daily or weekly.aThere are very many levels of work namely ; directors,managers,accountants,clerks,secretaries,subordinate staff,cleaners and labourers.Their salaried vary by a very big margin but all have equally the same responsibilities.What differentiate them is their styles of work.These include housing,kind of schools,motocars and travels and tours.The low paid live in simple houses and we'll paid live in magnificent houses.
Agriculture; Farm activities producing farm produce which are marketed and earns income.Tyoes of agriculture ;small scale and large scale.Small scale require little capital to start but large scale require huge sum of money to start.
Owned projects ; Activities that earn money apart from agriculture and businesses and firms.These include workshops,mining,child welfare,feeding programmes e.t.cThe kind of project to start depends on what capital one has and enough knowledge of the field.
Owned businesses and firms :These are activities where one earns profit.These include shops ,legal firms,land agencies, e.t.c Here one has to have enough money to start and knowledge of the field.
Factors to consider when starting a saving scheme ; Net income, reason for saving. One with a little net income goes for savings accounts so that when a reason amount is in your account you withdrawal ,either spend it if you do not have enough for your essential needs.But if you have enough for your essential needs then you can proceed to the next level of saving e.g fixed deposits,buy shares and treasury bills . But one with a large net income can go for long term savings e.g fixed deposits,buy shares and treasury bills. Again if one is saving to buy a house ,car,land or pay for education they should go for long term savings.
Steps to overcome mental challenges ; Do all available jobs,spend on essential needs only and save as much as possible,those working if there is an option to work early morning and night opt in to work,go for shopping early morning and early night if there is security.again those working if there is an option to work outside or a transfer opt in, if you have another home occasionally go to live there,those in the rural go to the farm early morning to work even if you have go back after some hours,move out to social meetings but be careful only where there are right persons,and look out for another friend or friends but be careful with only the right persons.
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ReplyDeleteOVERCOMING LIFE CHALLENGES ; Aspects ; finance,investment,earnings,spending and failures
DeleteFinance -what one owns and available to you all the time of your need
ReplyDeleteSources : earnings,savings and investments
ReplyDeleteEarnings: permanent job,well paying job,non- permanent job,low paying job and unemployed
ReplyDeletePermanent job: plan on how to spend and save
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteWell paying job :plan on saving and spending
ReplyDeleteLow paying job : save as much as possible and reduce spending as much as possible
ReplyDeleteUnemployed :do all available jobs,spend on essential needs only and save as much as possible
ReplyDeleteSavings : use savings only when no other sources,or when you have saved enough and have other earnings
ReplyDeleteInvestment :use money not from your only savings and after all essential needs
ReplyDeleteFailures ;loses,loss of a job,investment collapse and stolen resources one is then forced to work in available jobs,save as much as possible and spend on essential needs only
ReplyDeleteFinance :The total value of one assets and liquid cash.Finance of different people vary because of : adequate knowledge,harsh environments,unemployment rate and economic,political and social settings.
ReplyDeleteHow to establish financial stability :saving,working,broden knowledge and investment.
ReplyDeleteSaving :After saving for a long time there accumulating capital.Take note because of the low interest rates it looks hard to save and accumulate capital,so lessen quick expectations and fast gains
ReplyDeleteWorking :Work hard ,save as you spend,early expectations can lead to frustrations when one can not achieve but lose
ReplyDeleteBroden knowledge :increase knowledge and results are increase in gains,more produce,profit and earnings
ReplyDeleteInvestments : start new projects for a start low capital projects and not a risky one.When a project is established surely more earnings and financial stability
ReplyDeleteFailures - is when one is unable to cater for his essential needs. Causes :loss of a job,investment collapse,stolen resources,accidental loss,accumulated debts and weather conditions.
ReplyDeleteDealing with failures ; do all jobs available,spend on essential needs only,save as much as possible,look for grants and loans from non profit making organisations, sell your shares if any and assets that can be replaced when you retain your financial stability.
ReplyDeleteSpending ; using money for services and commodities, Factors to consider ; urgent use,basic need,compulsory use,services and entertainment.
ReplyDeleteUrgent use; outomes that need to use money,though some you can do without, so one decide either to use money or not . Basic needs ; Here one can not do without ,so he must spend money . Compulsory use ; here one is forced to use money and can not fail for example burial .Services : services are both basic and essential but in case he does not spend can not affect him .These includes ; health,education,insurance ,pension e.t.c.Entettainment ; some consider them as basic but for some there are not basic for one can do without. These include Christmas,birthday parties and travels and tours
ReplyDeleteWorking :Activity which earns money.Types of work ; salaried jobs,Agriculture,owned projects and owned businesses and firms.
ReplyDeleteSalaried jobs ;Here one is paid monthly plus other allowances.It can also be casual employment where one is paid daily or weekly.aThere are very many levels of work namely ; directors,managers,accountants,clerks,secretaries,subordinate staff,cleaners and labourers.Their salaried vary by a very big margin but all have equally the same responsibilities.What differentiate them is their styles of work.These include housing,kind of schools,motocars and travels and tours.The low paid live in simple houses and we'll paid live in magnificent houses.
ReplyDeleteAgriculture; Farm activities producing farm produce which are marketed and earns income.Tyoes of agriculture ;small scale and large scale.Small scale require little capital to start but large scale require huge sum of money to start.
ReplyDeleteOwned projects ; Activities that earn money apart from agriculture and businesses and firms.These include workshops,mining,child welfare,feeding programmes e.t.cThe kind of project to start depends on what capital one has and enough knowledge of the field.
ReplyDeleteOwned businesses and firms :These are activities where one earns profit.These include shops ,legal firms,land agencies, e.t.c Here one has to have enough money to start and knowledge of the field.
ReplyDeleteFactors to consider when starting a saving scheme ; Net income, reason for saving. One with a little net income goes for savings accounts so that when a reason amount is in your account you withdrawal ,either spend it if you do not have enough for your essential needs.But if you have enough for your essential needs then you can proceed to the next level of saving e.g fixed deposits,buy shares and treasury bills . But one with a large net income can go for long term savings e.g fixed deposits,buy shares and treasury bills. Again if one is saving to buy a house ,car,land or pay for education they should go for long term savings.
ReplyDeleteMental challenges ; Causes ;loss of a job, loss of a relative or loved one,left by a loved one,investment collapse and unemployment
ReplyDeleteSteps to overcome mental challenges ; Do all available jobs,spend on essential needs only and save as much as possible,those working if there is an option to work early morning and night opt in to work,go for shopping early morning and early night if there is security.again those working if there is an option to work outside or a transfer opt in, if you have another home occasionally go to live there,those in the rural go to the farm early morning to work even if you have go back after some hours,move out to social meetings but be careful only where there are right persons,and look out for another friend or friends but be careful with only the right persons.
ReplyDelete