Enjoying Life Vs. Becoming Financially Secured

[Jasmine]

You need to enjoy life, however, you also need to become financially secured. Enjoyment should not come at the cost of your financial security. And there is no point of hoarding cash and building fortune when you will one day become too old to enjoy all you have. You need to find a middle path.

How to avoid over spending: In order to become financially secured, you need to avoid over spending. For example, people are spending too much on clothes, on shoes, on foods, on jewelries and accessories, etc. Never find happiness in things you buy. Happiness come from within.

Budget travel: You might want to go to Greek island. However, when you start suffering from finances after coming from the vacation, what’s the point of your vacation. Therefore, find a cheaper alternative. For instance, you can enjoy Indonesia or Maldives instead of Greece, which are cheaper travel destination.

Extra money: You should always look for ways to make extra money.

 

[Mika]

We need to enjoy our life, there is no doubt about this. In fact, if we don't enjoy life, our life will be boring and we will be devoid of happiness, and pleasure. We might even lose out motivation to work. However, enjoyment should never come from sacrificing your financial security. Life is uncertain, anything can happen in the future, therefore, in order to secure your uncertain future, you can at least try to make it financially secure. When you are financially secured, you do not have to at least suffer from a lack of money. Enjoy life the way you want to enjoy but do not do it at the cost of making you financially unsecured in the future. First develop a lot of income source, build multiple income sources, pay off your debt and liabilities and if you still have some money left, you can use that money to enjoy.

 

[Etini]

My mindset is that when you are planning your financial life, you should consider two things. These two things are cash flow and long-term investment. It is important to build a financial system where you can live now and still live in the future. If your financial life is built on cash flow alone, you would be broke in the future. When you focus on capital investment alone, you would not love to meet the future.

I have seen a situation where a man has so many properties. But tell this same man to produce 10 dollars on emergence, he doesn't have. Also, I have seen young guys who pride themselves in wearing the latest designers with no thought of investment. There should be a balanced in these financial phases of life. Plan for the future, secure the present. That's how to live a satisfying life all through your time of existence.