Mika
VIP Contributor
If you want to become financially stable in your life, you need to use the right strategies. What strategies do you use to become financial stable? My first strategy is never to get into debt. No matter what, I will never get a loan. If you have a debt, you need to pay it fast. Attaining financial stability involves paying off debts. My second strategy is to save money. When I save money, I can use it as safety net for crisis as well as investment. When you do not have debt, you can start saving money and subsequently investing your savings. You can grow your wealth only when you do not have debt. Cutting your spending is very essential to saving money and setting the foundation for financial stability.
