Mad Mad
Money
Along came winter when the ant safely huddled into his hole, safely tucked in with food for the winter. The grasshopper on the other hand started finding food scarce as all the leaves were gone in winter. As the winters grew worse, the grasshopper slowly starved to death.
LIVING THE LIFE OF A GRASSHOPPER
Unfortunately, many of you today are living the life of a grasshopper with an unflinching attitude towards the winter. None of you are working towards a solid financial future that can withstand the surge of a bad time. Financially speaking a bad time can be a number of things. A failed investment plan, recession, changing job scenarios, sudden crisis, the list goes on. You have to be absolutely certain that these bad times are inevitable and always lurking around the corner. Prepare a sound financial home just like the ant and you will be prepared to withstand the winter, in this case a financial bad time.
THE PROBLEM WITH THE GRASSHOPPER
Most of you right now are working hard, earning a significant amount, but not saving or investing it anywhere. The main reason for this might be that you have never seen a bad time yet. Don’ t get fooled, just because it’ s not there now, doesn’ t mean it won’ t be there in the future. The problem with the grasshopper was that he didn’ t think bad time would come, so he put a little effort to save up for the bad time. So, when the bad time hit, he was not ready for it.
DON’ T BE THE GRASSHOPPER!
During the last great recession, many people like you lost a lot of money. Losing money means losing everything so, they lost their cars, homes, retirement funds, everything. But there was another set of people whose story was different. Not only they were safe from a financial bad time, they even made a lot of money while the bad time lasted.
Be prepared for bad times so that you only know good times.
HOW?
First and only step is to“ know” money. Those people knew how money works and they also knew that a financial bad time was coming.
REMEMBER, MONEY IS KNOWLEDGE!
Knowing about money, constantly updating yourself with it, gives you the edge over others. More you research and read and continually get updated about money, more you understand the flow of it. Where is money coming from and where its flowing, and it’ s always flowing to new places. So continually educate yourself about what is happening in the market.
For example, if you see the government is lowering interest rates, you have to understand that this is going to put pressure on the rupee slowly lowering its value. In this case, you should make purchases in land and gold which usually loses its value when such a situation arises. Now, when the market will come up again, you already have fixed assets that you can sell at a higher price than what you have got it for. In a bad time, these are the investments that will pay you off.
IT STARTS WITH FINANCIAL EDUCATION
So, invest your time in educating yourself. Know about money, how does it work, know about markets and its highs and lows. It starts with financial education and then putting what you learn into practice. Old ways to make money like penny by penny saving or having a stable job will not always hold up during bad times. Start building a solid financial plan for yourself today! Be prepared for bad times so that you only know good times.
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