|Vista Land`s Financial Awareness Seminar: 5 Important Lessons by The Graceful Mist - Picture (www.TheGracefulMist.com)|
1.) Live Simply and Wisely
Don`t do things out of the want to boast. Do things because they are necessary. When deciding, look and think for the long-term consequences of each purchase and expense. Educate yourself and gain wisdom. Gain the necessary knowledge to move forward for a better life and live by the words of proverbs.
2.) Create a Personal Income Statement
Financial statements are the documents that investors look into to see whether a company is worth something. They help the management see the over-all allocation of their funds and create decisions that will help better the company`s financial standing. Creating a personal income statement will help you manage your finances better because you`ll be able to have an over-all view of your gross income, expenses and net income and assets and liabilities. Just like the management of a company, a financial statement of your own finances will aid you to create decisions regarding what to do and where to allot your money for a better financial status.
3.) Turn Temporary Income to Permanent
Temporary income is usually the salary of being an employee of a company. If at some point, something unfortunate happens and you lose this temporary income, you`ll be left with no income. This is why it`s important to invest your assets that will yield permanent income.
4.) Prioritize Investments that will Yield Income
Many people dream of immediately having their own dream house which at most times, cost as high as can be afforded. In reality, such investment is better left fulfilled later on in life when permanent income is enough and stable. Instead of buying high-priced investments like house and lots only to be occupied or abandoned, prioritizing investments that will yield permanent income will help you to gain more assets to turn into permanent income again. As your assets and permanent income increases, the easier it is to gain and invest more. This will allow you to have a more abundant and stable income in life which in turn will help you buy the things you dream of like a huge house and lot while still having great earnings
5.) As Age Increases, Opportunities Decrease
There are many exceptions to this. However, as a person gets older, the job or financial opportunities for him may decrease. It could be because of age, health or capacity restrictions. With real estate, the earlier a person invests, the higher his chances are of earning more because values of properties usually increase. Start investing and making wise financial decisions as soon as you can and don`t waste time.
"Let no man despise thy youth; but be thou an example of the believers, in word, in conversation, in (cont) https://t.co/2VuSaaaqoc— The Graceful Mist (@TheGracefulMist) June 19, 2016
The seminar was engaging. I was asked questions and I asked questions. Despite being only 18, I wasn`t belittled but rather encouraged. They encouraged starting young and doing something now to have a better future. Even though I can`t invest now due to financial restrictions, I can hope and anticipate for the future. Just like what I`ve learned in the first lesson above, gaining knowledge now will help me make wise decisions that will prevent me from making unnecessary troubles. Whether you`re a young person like me or not, it`s significant to realize and remember that regardless of the past, you can still make wise decisions today.
Will you be interested in attending a financial awareness seminar? What did you learn in this post? Share your thoughts in the comments` section below.
If you have any comments, suggestions, requests, and/or questions, please leave them in the comments` section of this blog post. Thank you.
These are all great tips! Thanks for sharing your knowledge from the seminar. These tips can and will help many people!ReplyDelete
I hope so. Thank you for reading.Delete
Very interesting! ;-) Today I posted also some inspirations on my blog. Some quotes and photos! Yeah! It's Monday! Happy new week!ReplyDelete
Thank you for reading!Delete
I think they are right sometimes your age does decrease value which is a sad statement. I guess that is the way the cookie crumbles.ReplyDelete
Yes, that`s why we have to make the most out of every opportunity we get. Thank you for reading!Delete
These are topics I'm always struckling with! Have to find some kind of solution. Thanks for this posting it was helpful for me and I'm sure I will come back to it.ReplyDelete
I`m glad the post was helpful. Make sure to bookmark this webpage so you can come back and reread the post. Thank you for reading. Have a wonderful week. ❀Delete
This sounds very interesting and I read your report carefully.ReplyDelete
Many people think my husband and I are a bit crazy, because after the wedding we decided to invest and start a new business, instead of settle, get a mortgage and start making children. Of curse, it is risky, bu if we have a chance to make a successful company, they that will give us as you called it, more permanent income :)
If we have the right opportunities backed up by knowledge and wise thinking, I think we should at least consider taking a risk. To risk nothing is to do nothing. How`s your company now? Thank you for taking the time to read the post. ❀Delete
This sounded like a really helpful seminar. I think these lessons will help you a lot as you work towards financial security.ReplyDelete
Yes. It was helpful because I learned quite a lot of good lessons. Thank you for reading! ❀Delete
I've heard all of this before. So many people do something they hate for financial security.ReplyDelete
"So many people do something they hate for financial security." Such as? As long as it`s not out of greediness and other bad or negative intentions/reasons, I don`t see much disadvantages in being financially secured.Delete
These are all amazing tips! Thanks for sharing these with me!ReplyDelete
No problem. Thank you for reading! ❀Delete
I love the last point. It's like, don't miss any opportunity and just grab it anytime you have the chance. It's just so true, that as a year added to a person, some chances tend to diminish. I would love to attend a financial seminar too. :)ReplyDelete
Yes, we should make the most out of every opportunity that comes our way. We can`t go back in time so it`s always best to be wise in our financial choices.Delete
You`re quite the traveler. Are you in the Philippines right now? This financial seminar`s in the Philippines.
Thank you for reading! ❀
It's important to enjoy life and also prepare for the future. I love the lessons that you shared with us today, these are things that you can teach your children. Very useful!ReplyDelete
Yes. Preparation for the future especially regarding our finances is important. Thank you for taking the time to read the post! ❀Delete
I would be interested to join a similar seminar. My finances are at best afloat. I'd love to have a more rewarding financial status. It's good young as you are that you have taken an interest in this.ReplyDelete
These are awesome tips you have shared. The seminar looks like it was very informative.ReplyDelete
It was! Thank you for reading. ❀Delete
Such a helpful, inspirational and informative post ! Thanks for sharing your thoughts with usReplyDelete
Thank you! Have a great week. ❀Delete
Very interesting reading...all of the ideas are practical and factual.ReplyDelete
Thank you! ❀Delete
Really interesting! We loved reading it - via http://hangaroundtheworld.com/en/ReplyDelete
Thank you for reading.Delete
I love your first point, "gain the necessary knowledge to move forward". It's easy to have aspirations but it's how you act to achieve them that makes you succeed or fail.ReplyDelete
Rosie | www.rosieromance.com
You have shared some great tips here, for sure the seminar has been very important in providing some insight into wealth management and financial awareness. Thanks for sharing!ReplyDelete
It is indeed very motivating when we are encouraged rather than being belittled.ReplyDelete
These are great tips. Especially the one about investing in real estate sooner rather than later. We were lucky to have bought property right before home prices here skyrocketed. We weren't sure if we could do it but we just bit the bullet and adjusted our lifestyle. So glad we did!ReplyDelete
I've never attended any Financial Seminar but it looks like a nice workshop for saving money and learning about investment. Thanks for sharing this post with us!ReplyDelete
Thanks for sharing your knowledge from the seminar, I would have enjoyed going to this, very insightful!ReplyDelete
Thats quite an interesting read. Unfortunately I do not understand much about finance. But i Liked reading your post about it.ReplyDelete
I love what you said about living simply and wisely. You're so incredibly correct xxxReplyDelete
Turning temporary income into permanent income is already something I'm working on. Houses are so darn expensive in England that it's important to start saving as soon as possible to try and get ownership of your own home!ReplyDelete
You're never to young to understand finance, I just wish I was taught that when I was a little bit younger, luckily I have your awesome post to show me the way.ReplyDelete
Great finance lessons, definitely need to learn something more about xoxoReplyDelete
Interesting! And very good points indeed - duly noted ;-)ReplyDelete
That's amazing that you're already looking at your financial future! And what a fountain of knowledge you got too. Great for you!ReplyDelete
Good tips. I especially appreciate the overall theme touching on reasons to accumulate wealth, including blessing others. Very wise.ReplyDelete
Great tips, thanks for sharing! I know plenty of older folk who have started their own businesses and are doing great!ReplyDelete