When it comes to finance, there are two things that need to be kept in mind, i.e. income and expense. Income is the flow of money that is actively or passively coming to you, while the expense is the flow of money is that going out.
You have to be absolutely clear with both the side of income and expense column. Your income and expense column is what keeps your life moving. You just cannot avoid it, because it’s an integral part of the outside life and your inner life too.
Life is not all about income or expense but the balance of both, allows you to have an absolute freedom from the financial aspect of life. The majority of the people are insecure in their life because of finance.
It’s not that the people who don’t have, are insecure about money, but it’s also the ones that have too many are insecure, when it comes to finance.
People just don’t know how to manage their finance, and unless you are clear with both the column of finance, i.e. income and expense, you will never have a cordial relationship with a financial aspect of life.
I am here no-way teaching you the lesson to be multi-millionaire, rather all I want you to have is the cordial relationship with your money so that at least finance should not become the major problem of your life. We all know finance consumes major portion of our life, so its better it needs to be sorted out.
Your financial aspect of life needs to have a check on a regular or weekly basis. You just cannot take your income and expense column for granted.
If you take financial aspects of your life for granted, you not only struggle with your whole life generating an active income but you also miss on the core parts, that I am going to discuss below.
See, it doesn’t matter how much you earn, but are you aware of how do you spend your earning?
Do you ever plan to create passive income that can set you free from your present job in near future?
Do you expect yourself to work for the whole life, making your both ends meet and waiting for your children to grow up and do something for you?
The financial aspect of life is no fluke or chance, but you can very well plan your life in advance. You can create the financial security for yourself and look at other aspects of life that yet remain for you to explore.
Life is not limited to the finance, as finance is just only one aspect of life and you have much more things to do with your life other than working for the whole month, and waiting for the cheque, to pay your bills.
Look at your finance, (income and expense) on a daily basis. You have to have clarity about where you spend your money, and how much money is going to flow in, at the end of the each month.
No matter which country you live in, you always have the option to create passive income. Passive income is the income, where money keeps coming, without you remain engaged in it.
If you really want to make, most out of your life, you have to develop passive income. You can start small, but you have to take time out for yourself, and figure out the ways for the passive income.
Your relationship and your understanding about money and life will only change if you develop passive income.
Remember, God, luck, chance or fate has nothing to do with money, as it’s been believed in many countries, rather you can manage your finance and plan your finance very well in advance. You can only enjoy your daily work and produce something worthwhile if you don’t have to think every moment about the money or bills.
With life, you don’t need much, but the truth of life can only be seen when you have enough.
In today’s time, the finance is not important only to manage the professional life but even to manage personal relations; the person has to have a good understanding about his finance.
When it comes to finance, even small things matters. You cannot take anything either on the income or expense side for granted. The only time you start valuing your every transaction, you will really understand the importance of finance.
Finance has a huge role in our lives, and still we take it for granted. Your role doesn’t get over when you earn an income, but it’s also your responsibility to see, where you spend your every hard earned money.
People tend to run away when it comes to expense. It’s easier for everyone to focus on an income, but when it comes to an expense, people follows laid back attitude. Nobody really likes to look into their expense.
It’s only looking at your expense and figuring out the better and smarter ways of spending them can help you save almost 10% of your income. You can invest this part of income in such a way that you can develop passive income out of it.
You don’t have to have millions in your bank accounts, to make most out of your life. It just requires little understanding about your income and expense and how your financial institution works in your country to make most out of it.
You have a beautiful mind that can throw different perspectives on things, provided you look into it. The finance is actually not the real problem of life but the real problem of life is the people. Your mind can show you the truth about money, if you allow your mind to focus on the finance.
Don’t live with your limited perspective, rather allow your life to happen by allowing new perspectives to enter into your life.
You too can have fun with the finance, if you really dig deep into it and know the basic rules of it. Finance is not that tough things to crack. It’s not that difficult to understand provided you stick with it and trust your understanding.
Don’t try to run away from it, rather hold yourself with it and scratch your finance, little by little each day. Slowly you will develop a grip over it. Then no matter what you do, you will be creating income out of every transcation.
Either it’s your personal, professional, or spiritual life or the way you look at your finance, but what you have in common with everything, is your understanding.
The point is, do you work on yourself every day to enhance your understanding and grow and evolve with life?