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Things You Can Do For Financial Stability
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[QUOTE="Mika, post: 268552, member: 29399"] When you have financial stability, your finances are not impacted by unexpected changes in your life. You could lose a job, you could lose an income source, your salary might be slashed, and however, if you are financially stable, you will have money to manage everything. Any problem in your finances will have no effect on you if you are financially secure. You can become financially stable if you have multiple sources of income. Having multiple income sources means if one source of income stops, you still have another income source and can live your life comfortably. Financial stability also means you have a passive income. Passive income is an income that you generate with no work or less work. You can become financially stable when you have emergency funds, no debt, an investment portfolio, multiple income sources, and passive income. In order to become financially secure, you need to work hard, save money, invest money, and get out of debt. [/QUOTE]
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