Mika
VIP Contributor
In order to live your life comfortably, in order to enjoy your life, in order to have money when you need it most (emergencies, old age, health care, etc.), you need to be financially stable.
Financial stability means you have money when you need it most and you do not have any difficulties related to money matters.
How can you become financially stable?
You need to earn a lot of money so that you have a lot of money.
The answer sounds too simple, however, it is not.
You should not only earn a lot of you also need money management skills. Having money management skills means you can manage your money to build emergency funds, retirement funds, investment portfolios, repay debt, buy assets, etc.
Earning money is not enough for financial stability, managing your money properly is more important. If you know how to manage your money, you can become financially stable even when you do not earn a lot of money.
Financial stability means you have money when you need it most and you do not have any difficulties related to money matters.
How can you become financially stable?
You need to earn a lot of money so that you have a lot of money.
The answer sounds too simple, however, it is not.
You should not only earn a lot of you also need money management skills. Having money management skills means you can manage your money to build emergency funds, retirement funds, investment portfolios, repay debt, buy assets, etc.
Earning money is not enough for financial stability, managing your money properly is more important. If you know how to manage your money, you can become financially stable even when you do not earn a lot of money.
