Post
Topic
Board Economics
Merits 1 from 1 user
Re: What are some financial secrets that you know of?
by
CageMabok
on 30/07/2023, 06:16:14 UTC
⭐ Merited by JayJuanGee (1)
You're right there, as long as debt is the talk because it will further bury us in poverty. We know that there are loans that are almost sharks if they pile up interest. So if we really plan to build a business or invest, it's better to have financial resources ready for it so that if the loss comes, you can handle it without stressing about where to get someone to pay for it.
Usually what makes someone slow in opening a business is the length of time to prepare financial resources when someone doesn't want to be stuck with debt or loans. Actually, the length of time to collect capital to open a business is not a problem, it's just that it encourages some people to invite one of their friends who also wants to develop the same business. So that they can immediately collect their respective capital to run a business even though in the end they will part ways honorably when their business is advanced.

Quote
So no matter what happens in life, we should be ready to accept it because we know that we are the only ones who should provide a solution to it. Just try and try especially when it comes to growing financial assets because it works better than just keeping it in a trunk that doesn't do any good. Then study until we get the right process to grow our finances.
Trying something is always better than sitting around doing nothing, because experience and knowledge are not gained by being idle or by storing money that will not grow at all in a vault. Because we can all see the people who have been successful from various kinds of businesses in this world where they are basically always struggling and moving by implementing different efforts before they become big bosses in their own business. So I agreed to keep trying and working process after process to become more successful.