One of the things that would enable one to be fulfilled and make an impact is dependent on the kind of strategy deployed to achieve any target. I would like to share my perspective on this beautiful focus of the Hive Reach-Out Initiative 30. This theme is timely and requires a quick approach before the year gets deep. Before I proceed, I would like to define a few items that would grant me the right premise to drop my post.
What's strategy?
I may not be able to give a precise definition, but I would attempt to say it as I understand it. Strategy simply implies a plan or schedule of action that an individual puts in place to guide towards a successful outcome. Strategy entails goal setting or action that gives direction or focus for one to achieve an agenda. Show me a successful organization, and I will present to you their strategy. The more strategy you have, the better and more productive your achievements would be. This factor is key, especially in the area of concern, which is finance. Most people run into financial bankruptcy due to a lack of good strategy.
Strategies for financial stability.
The desire of every individual is to come to a point where there is a stamina financially. Attaining such a standard, one must learn to set up the right financial strategies. I would like to share some even though there are other strategies out there. I would also attempt to share some life experience on how I established financial stability.
You need to develop yourself or invest in yourself. Ensure that you are able to work on your financial health being. Measure yourself at least every day to ascertain how much you can generate daily, weekly, and monthly. This idea is to keep you checked and spur you to work harder. When you don't deliberately build up your financial life, it will definitely affect your stability.
Another strategy I consider profound is in the area of debt. Don't allow yourself to be borrowing anyhow. Try and settle all debts so that you focus on how to be stable. If you keep collecting and borrowing from people, you won't be stable financially. I have a very good friend who always works on himself, never accumulating debts beyond a specific year. He ensures that he clears it before the new year. This is a good strategy to achieve financial stability.
Another strategy that is very important is to set clear financial goals.Your financial goals determine how far you would pursue your financial stability. How would you start a year without, first and foremost, clearly stating your financial targets? Be specific and make sure your financial goals are realistic so that you can be motivated to pursue them. Don't make it elaborate and clumsy but moderate. Endeavor to allocate time to the plan; this would help to deal with all distractions from any angle. Many have fallen victim to this strategy. I had the privilege to work under a financial institution where every year the organization sets up her financial goal, and at the end we evaluate it to know whether it was achieved or not.
Develop a scale of preference; this would help you to curtail unnecessary expenses and to go for things that would bring maximum satisfaction.
Try and read the story of others that have gone ahead of you. This will help you to reposition yourself very well.
Thanks for reading through my entry.
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